AsiaInfo Technologies Limited — Earnings Release 2026

Apr 27, 2026

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

AsiaInfo Technologies Limited

亞信科技控股有限公司

(Incorporated in the British Virgin Islands with limited liability)

(Stock Code: 1675)

INSIDE INFORMATION CERTAIN UNAUDITED KEY FINANCIAL INFORMATION AND OPERATING PERFORMANCE FOR THE THREE MONTHS ENDED 31 MARCH 2026

This announcement is made by AsiaInfo Technologies Limited (the "Company", together with its subsidiaries, the "Group") pursuant to the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong) and Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The substantial shareholder of the Company, Asiainfo Security Technology Co., Ltd. (亞信安全科技股份有限公司) ("Asiainfo Security", the shares of which are listed on the Shanghai Stock Exchange (stock code: 688225)) is expected to announce its unaudited results for the first quarter of 2026 on or around 28 April 2026 pursuant to the Rules Governing the Listing of Stocks on Shanghai Stock Exchange. Such results will include certain financial information and operating performance of the Group. To ensure that the shareholders and potential investors of the Company have equal and timely access to the information of the Company, the board of directors of the Company (the "Board") is pleased to provide the following unaudited key financial information and operating performance of the Group for the three months ended 31 March 2026.

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For the three months ended 31 March 2026, the Group recorded revenue of approximately RMB994 million, representing a year-on-year decrease of 6.9%, and a net loss of approximately RMB308 million, representing a year-on-year decrease of 14.0%. Excluding the impact of one-off severance compensation arising from workforce optimisation, the net loss amounted to approximately RMB189 million, representing a year-on-year decrease of 28.6%. As at 31 March 2026, the Group had total assets of approximately RMB9,308 million and net assets of approximately RMB6,120 million.

The main reasons for the net loss recorded in the first quarter include: (1) the Company's customer structure exhibits notable seasonality, and procurement cycles are highly seasonal, resulting in substantial quarter-to-quarter fluctuations in the Company's operating performance, with revenue and profit contributions typically concentrated in the second half of the year; (2) the optimisation of our business structure has created transitional pressures. During the previous year, the Company proactively exited or scaled down low-margin businesses, divested certain underperforming traditional ICT projects for government and enterprise businesses, as well as traditional operations that are highly labour intensive, resulting in a year-on-year decline in overall revenue; (3) one-off impact associated with workforce optimisation. The Company has continued to step up effort in organisational transformation and workforce restructuring in response to the AI era, resulting in a corresponding increase in one-off compensation expenses related to workforce optimisation. Under the combined effect of these factors, although the Company recorded a net loss in the first quarter, the magnitude of the loss narrowed significantly compared to the same period last year, with continuous improvement in operating margins.

At the same time, the Group remained steadfast in implementing its "AI First" strategy. During the first quarter of 2026, the Company continued to deepen its strategic partnerships with ecosystem partners such as Alibaba Cloud, Volcengine, Kimi, NVIDIA, and ABB, developing a full-stack suite of AI products and services spanning data, models, applications and operations. As a result, AI-related revenue from its smart digital operation business achieved explosive growth, representing nearly 100% year-on-year growth. The smart connectivity product business also achieved a number of landmark breakthroughs: in collaboration with Gesi Aerospace, the Group successfully completed the low-earth orbit (LEO) satellite internet NTN 1st Call, finalised the PoC of spaceborne base stations/core networks, and participated in the development of Spacecom's second-generation satellites; the Private 5G products were included in Gartner's "Magic Quadrant for 4G and 5G Private Network Services" for the first time, while the market share of 5G private networks for nuclear power continued to rank first in the industry.

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In the future, the Group will continue to adhere to its “AI First” development strategy. On the one hand, the smart digital operation business will focus on three key growth drivers, namely intelligent agent applications and operations, AI ecosystem synergy, and Physical AI, to generate long-term compounding value from digital intelligent assets. On the other hand, the smart connectivity product business will strive to establish dual growth drivers in energy intelligent connectivity and aerospace intelligent connectivity, advancing into satellite internet to provide momentum for long-term development.

The information contained in this announcement has been prepared based on the management accounts and internal management records of the Group, which have not been audited or reviewed by the Company’s auditors. Due to various uncertainties in the process of collecting and compiling such data, these data may differ from those disclosed in the audited or unaudited consolidated financial statements published by the Company on an annual or semi-annual basis. Therefore, the above information is provided for reference purposes only.

The shareholders and potential investors of the Company should note that all the figures contained herein are unaudited. Accordingly, figures contained in this announcement should in no way be regarded as to provide any indication or assurance on the financial results of the Group for the three months ended 31 March 2026. The shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company and should avoid placing undue reliance on such information. If in doubt as to their investment position, they should consult their own professional advisers.

By Order of the Board
AsiaInfo Technologies Limited
Dr. TIAN Suning
Chairman and Executive Director

Beijing, 27 April 2026

As at the date of this announcement, the Board comprises:

Executive directors: Dr. TIAN Suning and Mr. KWOK Bernard Chuen Wah
Non-executive directors: Mr. HE Zheng, Mr. YANG Lin, Ms. LIU Hong and Mr. E Lixin
Independent non-executive directors: Dr. ZHANG Ya-Qin, Mr. GE Ming, Ms. TAO Ping, Dr. WANG Lei and Dr. LIU Jun