AsiaInfo Holdings, Inc'

1
AsiaInfo Holdings, Inc. Acquisition of Bonson
Technology January 23, 2002
2
Transaction Highlights

• AsiaInfo is pleased to announce that it has
  entered into a definitive agreement to acquire
  100 of Bonson Information Technology Holdings
  Limited (Bonson) for approximately US47
  million
• Headquartered in Guangzhou, Bonson is a leading
  wireless Business Operations Support System
  (BOSS) solutions provider in China
• This acquisition will vault AsiaInfo to
  undisputed No. 1 position in the wireless BOSS
  market in China, one of the fastest growing areas
  of telecom investment over the next few years
• This acquisition will be highly accretive to
  AsiaInfos financials, expected to add
  approximately 8-10 cents to AsiaInfos 2002 EPS

3
Summary Transaction Terms
Notes (1) The total considerations for
management shareholders will be adjusted based on
Bonsons 2001 audited net income and net revenue
backlog at year-end (2) AsiaInfo stock
will be issued at US19.22 per share Stock
issued to management and other shareholders will
be subject to 1-year and 3-month lock-up periods,
respectively
4
Bonson Profile - Overview

• Founded in 1994, Bonson is a leading wireless
  BOSS solutions provider to China Mobile
• Major product lines
• Proprietary BOSS solutions (approximately 85 of
  revenue)
• Customer Care Billing
• Accounting Reporting
• Settlement
• Customer Relationship Management / Call Center
• Decision Support System
• Other business lines including network
  monitoring, network management and wireless data
• Headquartered in Guangzhou, Bonson has
  approximately 200 employees, of which 120 work on
  BOSS and related solutions

5

6
Bonson Profile - Key Financials

• Bonson has been consistently profitable since
  1999, due to its focused market strategy and
  efficient cost structure
• Based on Bonson management estimates, it booked
  approximately 8 million net sales backlog at the
  end of 2001, significantly enhancing forecast
  visibility in 2002

7
Bonson Profile - Management

• Bonson has a seasoned management team who
  collectively have over 70 years of industry
  experience and enjoy longstanding relationships
  with China Mobile

8
Transaction Rationale

• The acquisition will enable AsiaInfo to
  capitalize on the tremendous opportunities of the
  BOSS market, one of the fastest growing areas of
  telecom investment in China
• Increased competition between the Chinese
  operators has resulted in accelerated investment
  in BOSS
• Acquisition is the preferred route of market
  share expansion due to the stickiness of BOSS
  solutions and time-to-market considerations
• AsiaInfo will lead a new round of consolidation
  of the BOSS market in China through this
  acquisition
• The domestic BOSS market has largely been
  fragmented with over a dozen of vendors servicing
  China Mobile and China Unicom
• However, the operators have begun re-defining
  vendor relationships and looking for strategic
  partners with size, technology and significant
  resources

9

Transaction Rationale - 1 BOSS Solution Provider

• AsiaInfo will become the dominant leader in the
  BOSS market with the acquisition

10
Integration Roadmap

• Mr. James Ding and Mr. Jian Lee will co-chair
  this integration committee supervising this
  integration process
• The Bonson team will assume primary
  responsibility for the China Mobile BOSS market
• Mr. Jian Lee will become a Senior Vice President
  of AsiaInfo and a member of the Companys
  Executive Committee
• We will begin integrating RD and delivery team
  over the next 3-6 months
• We expect further cost savings from streamlining
  Bonsons current business lines and eliminating
  overlaps between the two teams