BEIJING, April 28, 2025 /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 it has published its 2024 Environmental, Social and Governance Report (the "2024 ESG Report"). This is VNET's fifth ESG report, highlighting the Company's 2024 efforts and achievements in environmental practices, digital empowerment, ethical governance, and social responsibility."As an integral element of VNET ...

BEIJING, April 25, 2025 /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 it filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission (the "SEC") on April 25, 2025 Eastern Time. The annual report on Form 20-F, which contains the Company's audited consolidated financial statements, can be accessed on the SEC's w ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F | (Mark One) | | --- | ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE ...

Core Viewpoint - VNET Group, Inc. has successfully closed a US$430 million offering of 2.50% convertible senior notes due 2030, aimed at funding capital investments and general corporate purposes [1][7]. Summary by Sections Notes Offering - The offering consists of US$430 million in aggregate principal amount of 2.50% convertible senior notes, maturing on April 1, 2030 [1][2]. - Interest on the notes will be paid semi-annually starting October 1, 2025 [2]. Repurchase and Redemption Rights - Holders can require the company to repurchase their notes for cash on April 3, 2028, or under certain conditions related to fundamental changes [3]. - The company may redeem the notes in cash starting April 10, 2028, under specific conditions [3]. Conversion Terms - The notes are initially convertible at a rate of 72.7273 ADSs per US$1,000 principal amount, equating to an initial conversion price of approximately US$13.75 per ADS, representing a 25.0% premium over the closing price on March 12, 2025 [5]. - Conversion is restricted until 40 days after the original issuance and subject to certain conditions thereafter [4]. Regulatory Compliance - The notes are offered in offshore transactions outside the U.S. and are not registered under the Securities Act, thus cannot be sold in the U.S. without an exemption [6]. Use of Proceeds - The net proceeds from the notes offering will be utilized for capital investment in wholesale IDC projects, working capital, and general corporate purposes [7]. Company Overview - VNET Group, Inc. is a leading carrier-neutral and cloud-neutral internet data center services provider in China, offering hosting, IDC services, cloud services, and business VPN services [8]. - The company operates in over 30 cities in China, serving a diverse customer base of over 7,500 enterprise clients across various industries [9].

BEIJING, March 13, 2025 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier-neutral and cloud-neutral internet data center services provider in China, today announced the pricing of its offering (the "Notes Offering") of US$430 million in aggregate principal amount of 2.50% convertible senior notes due 2030 (the "Notes"). The Notes Offering is expected to close on or about March 17, 2023, subject to the satisfaction of customary closing conditions.The Notes will bear ...

BEIJING, March 13, 2025 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier-neutral and cloud-neutral internet data center services provider in China, today announced the commencement of a proposed offering by the Company of US$400 million aggregate principal amount of its convertible senior notes due 2030 (the "Notes"), subject to market and other conditions (the "Notes Offering"). The Notes will be senior, unsecured obligations of the Company, and will accrue inter ...

VNET Group (VNET) Q4 2024 Earnings Call March 12, 2025 08:38 PM ET Company Participants Xinyuan Liu - GM, Board Secretary and Head - Investor Relations & ESGJu Ma - Rotating President and GM - AIDC Strategic Business GroupQiyu Wang - Chief Financial OfficerEdison Lee - Head - HK/China Tech, Telecom & Software Research Conference Call Participants Shuyun Che - Research AnalystXinyi Wang - Equity Research Analyst - Greater China Telecom & Data CenterYang Liu - AnalystTimothy Zhao - AnalystDaley Li - Vice Pres ...

VNET Group, Inc. Earnings Presentation for 4Q24 and FY2024 March 12, 2025 Disclaimer This presentation has been prepared by VNET Group, Inc. (the "Company") solely for informational purposes and has not been independently verified. No representations, warranties or undertakings, express or implied, are made by the Company or any of its affiliates, advisers or representatives as to, and no reliance should be placed upon, the accuracy, fairness, completeness or correctness of the information or opinions prese ...

Exhibit 99.1 VNET Reports Unaudited Fourth Quarter and Full Year 2024 Financial Results BEIJING, March 12, 2025 /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 its unaudited financial results for the fourth quarter and full year ended December 31, 2024. "We closed 2024 with a strong fourth quarter, highlighted by our wholesale IDC business's remarkable performance as we continued ...

BEIJING, March 12, 2025 /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 its unaudited financial results for the fourth quarter and full year ended December 31, 2024. "We closed 2024 with a strong fourth quarter, highlighted by our wholesale IDC business's remarkable performance as we continued to capitalize on AI-driven demand," said Josh Sheng Chen, Founder, Executive Chairperson ...