BEIJING, Oct. 5, 2023
/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
results of its extraordinary general meeting held on October 5, 2023 in Beijing. The Company's shareholders adopted
the following resolutions as ordinary resolutions:
THAT the authorized share capital of the
Company be increased by the creation of an additional 1,500,000,000
Class A ordinary shares with a par value of US$0.00001 each, to rank pari passu in all
respects with the existing Class A ordinary shares (the
"Increase of Authorized Share Capital"), such that
immediately following the Increase of Authorized Share Capital, the
authorized share capital of the Company shall be increased
FROM US$15,000 divided into
1,500,000,000 shares, par value of US$0.00001 each, comprised of (i) 1,198,935,000
Class A ordinary shares of a par value of US$0.00001 each, (ii) 300,000,000 Class B
ordinary shares of a par value of US$0.00001 each, (iii) 60,000 Class C ordinary
shares of a par value of US$0.00001
each, (iv) 555,000 Class D ordinary shares of a par value of
US$0.00001 each, (v) 150,000 Series A
perpetual convertible preferred shares of a par value of
US$0.00001 each, and (vi) 300,000
Series A-1 perpetual convertible preferred shares of a par value of
US$0.00001 each
TO US$30,000 divided into 3,000,000,000 shares, par
value of US$0.00001 each, comprised
of (i) 2,698,935,000 Class A ordinary shares of a par value of
US$0.00001 each, (ii) 300,000,000
Class B ordinary shares of a par value of US$0.00001 each, (iii) 60,000 Class C ordinary
shares of a par value of US$0.00001
each, (iv) 555,000 Class D ordinary shares of a par value of
US$0.00001 each, (v) 150,000 Series A
perpetual convertible preferred shares of a par value of
US$0.00001 each, and (vi) 300,000
Series A-1 perpetual convertible preferred shares of a par value of
US$0.00001 each; and
THAT each director or officer of the
Company be authorized to take any and every action that might be
necessary, appropriate or desirable to effect the foregoing
resolution as such director or officer, in his or her absolute
discretion, thinks fit.
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 7,000 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 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 and in the attachments
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
View original
content:https://www.prnewswire.com/news-releases/vnet-announces-results-of-2023-extraordinary-general-meeting-301947892.html
SOURCE VNET Group, Inc.