BEIJING, Jan. 10,
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 that its board of
directors (the "Board") has appointed Mr. Jianbiao Zhu as an executive director of
the Company to serve as the co-chairman of the Board alongside Mr.
Josh Sheng Chen, effective
January 10, 2024.
Mr. Zhu brings extensive experience in private equity and
secondary market investments as well as financial management to
VNET's Board. He currently serves as an executive director, the
vice chairman of the board of directors, the chairman of the
strategic development committee, a member of the executive
committee and the chief executive officer of Shandong High-Speed
Holdings Group Limited (00412.HK). Moreover, Mr. Zhu has been an
independent non-executive director of Beijing Energy International
Holding Co., Ltd. (00686.HK) since June
2021, and a responsible officer of Sunfine Asset Management
(Hong Kong) Limited since
August 2019. Mr. Zhu is a co-founder
of Longfine Capital Management Co., Ltd. and Sunfine Asset
Management (Hong Kong) Limited and
served as both companies' chief executive officer from February 2018 to May
2021. From November 2012 to
March 2017, he held various positions
with CITIC Private Equity Funds Management Co., Ltd., including
chief operating officer, investment decision committee member and
investment management committee member. Prior to that, Mr. Zhu was
the executive deputy general manager and the chairman of the
investment decision committee for Changsheng Fund Management Co.,
Ltd., chief inspector and director of the research and development
department for Golden Eagle Asset Management Co., Ltd., and a
lecturer on the Faculty of Investment and Finance of Guangdong University of Finance and Economics.
Mr. Zhu holds a bachelor's degree in economics from Jiangxi University of Finance and Economics
and master's and doctorate degrees in finance from Jinan University.
Mr. Josh Sheng Chen, Founder and
executive Co-Chairman of VNET, stated, "On behalf of VNET, I am
pleased to welcome Mr. Zhu as co-chairman of the Board. Mr. Zhu's
deep expertise in corporate strategies and capital markets will
diversify and strengthen our Board and add value to the Company as
a whole. We are confident that our expanded Board will continue to
skillfully guide the Company as we pursue high-quality growth and
create value for all our stakeholders."
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 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.