NetEase Web Site to be Available by Satellite Link NetEase Co-operates with ChinaCast for Web Site Access (www.163.com) via Satellite Link Beijing, August 7, 2000 NetEase.com, Inc. (NASDAQ: NTES), a leading Internet technology company based in China, announced today that the NetEase Web sites (www.163.com), www.NetEase.com and other web sites operated by an affiliate of NetEase) will now be broadcast via satellite link throughout China. The NetEase Web sites are the first Internet portal available by satellite link in China, and users will be able to visit the sites using cutting-edge broadband Internet technology. The NetEase Web sites will be broadcast by ChinaCast, which will soon be launching its Turbo163 satellite broadband Internet services. Broadband technology can fundamentally boost the development of the Internet, and has been receiving extensive international attention as the next wave of technical development. ChinaCast's Turbo163 services are based on Hughes DirecPC technology, and will broadcast the NetEase Web Sites through 54 megahertz satellite bandwidth and simultaneously update the sites' contents to Internet users at a speed of 1 megabyte per second. ChinaCast's services will allow Chinese Turbo163 users to view www.163.com at the speed of 400 kilobytes per second without connecting to Internet. 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. About ChinaCast ChinaCast Co., Ltd ("CCL") was established in January 1999. With a license granted by China's Ministry of Information Industry, CCL is engaged in the business of satellite communication services. CCL's mission is to provide cost-effective services in content-rich bandwidth intensive areas, such as information broadcasting and multimedia services using its satellite platform. CCL is working with China Telecom, Hughes Network Systems and ChinaCast Technology (HK) Limited ("ChinaCast Technology") to establish the Turbo163 service, a nationwide broadband Internet service.