BEIJING, Nov.
1, 2024 /PRNewswire/ --
VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a
leading carrier- and cloud-neutral internet data center services
provider in China, today announced
the resignation of Mr. Changqing Ye
as an independent director and a member of the audit committee of
the Company's board of directors (the "Board"),
effective October 31, 2024. Mr. Ye resigned for personal
reasons and not due to any disagreement with the Board, the Company
or any of its affiliates on any matter relating to the Company's
operations, policies or practices.
The Board has approved that Mr. Kenneth
Chung-Hou Tai, who has served as an independent director of
VNET since October 2012, will replace
Mr. Ye as a member of the audit committee of the Board, effective
October 31,
2024.
"We are grateful to Changqing for his services to VNET
throughout his tenure and wish him all the best in his future
endeavors," stated Mr. Josh Sheng
Chen, Founder, Executive Chairperson and interim Chief
Executive Officer of VNET. "Also, we look forward to continuing to
work with Kenneth in his new role as a member of the Board's audit
committee. We will remain dedicated to pursuing sustainable,
high-quality growth in the long run."
Following the aforementioned changes, the Board now consists of
six directors, including four independent directors. The audit
committee of the Board is comprised of Mr. Sean Shao, Mr. Yoshihisa
Ueno and Mr. Kenneth Chung-Hou
Tai.
About VNET
VNET Group, Inc. is a leading carrier- and cloud-neutral
internet data center services provider in China. VNET provides hosting and related
services, including IDC services, cloud services, and business VPN
services to improve the reliability, security, and speed of its
customers' internet infrastructure. Customers may locate their
servers and equipment in VNET's data centers and connect to
China's internet backbone. VNET
operates in more than 30 cities throughout China, servicing a diversified and loyal base
of over 7,500 hosting and related enterprise customers that span
numerous industries ranging from internet companies to government
entities and blue-chip enterprises to small- to mid-sized
enterprises.
Safe Harbor Statement
This announcement contains forward-looking statements. These
forward-looking statements are made under the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"target," "believes," "estimates" and similar statements. Among
other things, quotations from management in this announcement as
well as VNET's strategic and operational plans contain
forward-looking statements. VNET may also make written or oral
forward-looking statements in its reports filed with, or furnished
to, the U.S. Securities and Exchange Commission, in its annual
reports to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. Statements that are not historical
facts, including statements about VNET's beliefs and expectations,
are forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to the
following: VNET's goals and strategies; VNET's liquidity
conditions; VNET's expansion plans; the expected growth of the data
center services market; expectations regarding demand for, and
market acceptance of, VNET's services; VNET's expectations
regarding keeping and strengthening its relationships with
customers; VNET's plans to invest in research and development to
enhance its solution and service offerings; and general economic
and business conditions in the regions where VNET provides
solutions and services. Further information regarding these and
other risks is included in VNET's reports filed with, or furnished
to, the U.S. Securities and Exchange Commission. All information
provided in this press release is as of the date of this press
release, and VNET undertakes no duty to update such information,
except as required under applicable law.
Investor Relations Contact:
Xinyuan Liu
Tel: +86 10 8456 2121
Email: ir@vnet.com
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SOURCE VNET Group, Inc.
