NetEase.com Announces Initial Public Offering Beijing, June, 30, 2000 Beijing, China (June 30, 2000) - NetEase.com, Inc., (NASDAQ: NTES), a leading Internet technology company in China, has announced that it has commenced its initial public offering (IPO) American Depository Shares at US$ 15.50 per share. The Company is offering 4,500,000 American Depository Shares in its IPO with Merrill Lynch as its global coordinator and bookrunner, and Deutsche Banc Alex Brown as the co-lead of the offering. NetEase.com is a leading Internet destination with a large user community in China. NetEase's average daily page views for the seven-day period ended May 31, 2000 exceeded 20 million. As of May 31, 2000, the NetEase Web sites had approximately 4.9 million registered members, 378,000 personal home pages, 29,500 simultaneous chatroom participants, and 3 million e-mail accounts. This press release shall not constitute an offer to sell or the solicitation of an offer to buy; nor shall there be any sale of these securities in any jurisdiction in which such offer solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. CONTACT:NetEase.com, Inc. Helen He, +8610 6561-8811 or Citigate Dewe Rogerson, Hong Kong Magdalene Tsang, +852 2528 8989 or Citigate Dewe Rogerson, New York Julia Huang, 212/688-6840