NetEase Forms Strategic Partnership with CITIC Industrial Bank to Develop Online Banking and E-Commerce Beijing, August 30, 2000 NetEase.com, Inc. (NASDAQ: NTES), a leading Internet technology company based in China, announced today that it has entered into a strategic partnership with CITIC Industrial Bank, one of the fastest developing commercial banks in China. Based on this new agreement, NetEase and CITIC Industrial Bank agree to pool and integrate their respective expertise and resources to design CITIC Industrial Bank's corporate Web site and to develop and promote online banking, online payment, bank credit cards and corporate financial services. Both parties agree that their partnership goes far beyond the conventional "Banking plus Internet" format and that it will establish more comprehensive services for their respective end users. The NetEase Web Site is one of the largest Internet portals in China and an obvious selection to partner with one of China's largest financial institutions. NetEase will utilize its Internet expertise to launch CITIC Industrial Bank's broad suite of banking services to the Internet including implementing an online exhibition platform that can be used to promote CITIC Industrial Bank's financial services. NetEase will also provide CITIC Industrial Bank with technical design support, site construction, content organization and daily maintenance to create and expand CITIC Industrial Bank's corporate Web site. William Ding, Co-Chief Technology Officer and founder of NetEase, commented, "The Internet industry is constantly changing and filled with intense competition. An Internet company must relentlessly seek to cooperate with companies in other areas of commerce in order to secure its competitive position and role of leadership. When developing e-commerce services, such cooperation becomes even more crucial because e-commerce grows from the mergers between Internet technologies and conventional industries. Our partner, CITIC Industrial Bank, has extensive financial experience as a first-rate commercial bank, while NetEase has an in depth understanding of the Internet and China's on-line user base. It is a natural match for the two of us to combine our capabilities and lead the way in accelerating the accessibility of Internet-based banking and financial services to customers in China." CITIC Industrial Bank is one of the largest and fastest developing commercial banks in China. "CITIC Industrial Bank will provide NetEase with the resources and know-how to expand and improve its capacity to facilitate commercial transactions online. Our wide range of transactional support can be most beneficial to NetEase in the areas of online payment, online personal financing and online banking." said Mr. Yao Dingyi, Vice President of CITIC Industrial Bank. "We have great confidence in the success of our cooperation with NetEase. Our alliance will play a significant role in the development of e-commerce in China. "   About NetEase.com, Inc.   NetEase is a leading Internet technology company based in China. The NetEase Web sites offer Chinese Internet users Chinese language-based online content, community and electronic commerce services. NetEase's average daily page views for the seven-day period ending June 30, 2000 exceeded 24 million. As of June 30, 2000, NetEase Web sites had more than 5.9 million registered members, 465,000 personal home pages, 34,000 simultaneous chat room participants, and 3.6 million e-mail accounts.   Disclosure Regarding Forward-Looking Statements:   This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward- looking statements by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar expressions. The accuracy of these statements may be impacted by a number of business risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including risks related to: the risk that the number of Chinese users of the Internet will not grow; the risk that the NetEase Web sites will not be attractive to Chinese Internet users as NetEase anticipates; the risk that NetEase's planned advertising campaign will not be successful; and other risks outlined in NetEase's filings with the Securities and Exchange Commission, including its registration statement on Form F-1, as amended. NetEase does not undertake any obligation to update this forward-looking information, except as required under applicable law.   For Further Information, please contact:   Zhou Ping, NetEase.com, Inc. Tel: (8610) 65618811-217 E-mail: pingzhou@staff.163.com   Note: NetEase Web Properties include www.yeah.net, www.126.com and the number one site, www.163.com.