Ninetowns Announces Pricing Of Initial Public Offering Of American Depositary Shares

Beijing, China, 3 December 2004
Ninetowns Digital World Trade Holdings Limited (Nasdaq: NINE) announced today that its initial public offering of 9,600,000 American Depositary Shares (ADSs), each representing one ordinary share, was priced at US$11.00 per ADS. The ADSs will be listed on the Nasdaq National Market under the symbol "NINE" and the trading of the ADSs is expected to begin today. The offering consists of 6,400,000 ADSs offered by Ninetowns and 3,200,000 ADSs offered by its selling shareholders. The selling shareholders have granted the underwriters an option to purchase up to an additional 1,440,000 ADSs to cover over-allotments.

J.P. Morgan Securities Inc., Citigroup Global Markets Inc., Lehman Brothers Inc. and Jefferies Broadview, a division of Jefferies & Company, Inc. are underwriting the offering, with J.P. Morgan Securities Inc. serving as the representative of the underwriters. A copy of the prospectus relating to the offering may be obtained from J.P. Morgan Securities Inc. at 277 Park Avenue, New York, New York 10172 or by telephone at +1-212-902-1000.

A registration statement relating to these securities was filed and declared effective by the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or a 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.

About Ninetowns Digital World Trade Holdings Limited
Ninetowns is a PRC software company that enables enterprises and trade-related PRC government agencies to streamline the import/export process in China . Through its enterprise software products, Ninetowns' customers have the ability to automate import/export processing over the Internet, which is a more cost-effective and efficient alternative to the traditional paper-based method.

Contact:

Lisa Zheng
Investor Relations
Ninetowns Digital World Trade Holdings Limited
Tel: (86)(10) 6588 2256