• NetEase.com, Inc. Announces Change in Board Seat
  Beijing, November 6, 2001
  NetEase.com, Inc. (Nasdaq: NTES), a leading Internet technology provider in China, today announced that one of its directors, Mr. Lawrence J. Smith, has resigned effective November 5, 2001 and that the Board has elected Mr. John Yu Leung Lau to fill the vacancy. Mr. Smith was originally nominated and elected to the Board in October 2000 in accordance with the contractual rights of an affiliate of The News Corporation Limited, which is entitled to nominate one director and to cause certain shareholders to vote in favor of that nominee. Mr. Smith resigned from the Board in conjunction with his resignation from his positions with News Corporation and its affiliates.
  
  
  
• Class Action Complaint Filed Against NetEase.com and Other Parties
  Beijing, October 24, 2001
  NetEase.com, Inc. (Nasdaq: NTES), a leading Internet technology provider in China, today announced that it has become aware of a pending class action lawsuit against the company, Mr. William Lei Ding (the company's founder and Chief Architect), Mr. King F. Lai (the company's former Chief Executive Officer and a former director), Ms. Helen Haiwen He (the company's former Chief Financial Officer and a former director) and the underwriters of its initial public offering of American Depositary Shares in July 2000, alleging violations of U.S. federal securities law arising in connection with the company's restatement of its audited financial statements for the year ended December 31, 2000.
  
  
• NetEase.com Announces Further Management Change
  Beijing, September 19, 2001
  NetEase.com, Inc. (Nasdaq: NTES), a leading Internet technology provider in China, today announced that Mr. Geoffrey Wei has resigned from his position as acting Chief Financial Officer of the company effective immediately to pursue on other opportunities. Mr. Ted Sun, the company¡¯s acting Chief Executive Officer, will oversee NetEase.com¡¯s finance department while the company recruits a permanent Chief Financial Officer. The company has formally engaged two well-established professional recruiting firms to assist it in locating a suitable person for this position.
  
  
• NetEase.com Announces Appointment of New Acting Chief Executive Officer
  Beijing, September 11, 2001
  NetEase.com, Inc. (Nasdaq: NTES), a leading Internet technology provider in China, today announced that its Board of Directors had appointed one of the members of the Board, Mr. Ted Sun, to serve as its acting Chief Executive Officer. It is anticipated that Mr. Sun will remain in this interim position until the company locates a suitable permanent replacement.
  
  
• NetEase.com Announces Completion of Investigation and Restatement of Year 2000 Financial Statements
  Beijing, August 31, 2001
  NetEase.com, Inc. (Nasdaq: NTES), a leading Internet technology provider in China, today announced that the internal investigation conducted by the Audit Committee of its Board of Directors has been completed, and the company's 2000 financial statements are being restated to incorporate all relevant information obtained in that investigation.
  
  
• NetEase.com Announces Helen Haiwen He'sResignation from Board of Directors
  Beijing, August 28, 2001
  NetEase.com, Inc. (Nasdaq: NTES), a leading Internet technology provider in China, today announced that Helen Haiwen He resigned from the company's Board of Directors effective immediately to focus on other opportunities. Ms. He had previously resigned from her position as NetEase.com's Chief Financial Officer in January 2001.
  
  
• NetEase.com Announces Possible Delisting Due to Failure to File Annual Report
  Beijing, July 23, 2001
  NetEase.com, Inc. (Nasdaq: NTES), a leading Internet technology provider in China, today announced that on July 19, 2001, it received notice from The Nasdaq Stock Market ("Nasdaq") that Nasdaq intends to delist the company's American Depositary Shares from the Nasdaq National Market at the opening of business on July 27, 2001. In the notice, Nasdaq asserted that NetEase.com is in violation of Nasdaq Marketplace Rule 4310(c)(14) because it has not yet filed with Nasdaq and the U.S. Securities and Exchange Commission its Annual Report on Form 20-F.
  
  
• NetEase.com Announces That Acquisition Talks With Third Parties End
  Beijing, June 19, 2001
  NetEase.com, Inc. (Nasdaq: NTES), a leading Internet technology provider in China, confirmed today that it has been having confidential discussions with several parties, including i-CABLE Communications Ltd., concerning a possible acquisition of the stock or assets of NetEase.com but that these discussions have not resulted in any agreements and have been terminated.
  
  
• NetEase.com Announces Senior Management Changes
  June 11, 2001 Beijing
  NetEase.com Inc. (Nasdaq: NTES), a leading Internet technology provider in China, today announced that King Lai and Susan Chen have resigned from their respective positions as Chief Executive Officer and Chief Operating Officer effective today to pursue other opportunities.
  
  
• NetEase.com Expands Internal Investigation to Year 2000 Financial Statements
  June 11, 2001 Beijing
  NetEase.com Inc. (Nasdaq: NTES), a leading Internet technology provider in China, today announced that it has expanded the scope of its internal investigation regarding possible incorrect reporting within NetEase.com's internal departments to include a review of its audited financial statements for the fiscal year ended December 31, 2000.
  
  

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