BEIJING, April 22, 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 Mr. Jeff Dong has resigned from his position as the Company's Chief Executive Officer due to personal reasons. Mr. Josh Sheng Chen, Founder and Co-chairperson of VNET, has been appointed to succeed Mr. Dong as the Company's interim CEO, effective immediately. The Company will announce once the appointment ...

VNET Group, Inc. (NASDAQ:VNET) Q4 2023 Earnings Conference Call March 28, 2024 9:00 PM ET Company Participants Xinyuan Liu - Director, IR Jie Dong - CEO Qiyu Wang - CFO Conference Call Participants Yang Liu - Morgan Stanley Edison Lee - Jefferies Timothy Zhao - Goldman Sachs Group Huiqun Li - Bank of America Merrill Lynch Operator Hello, ladies and gentlemen. Welcome, and thank you for standing by for the Fourth Quarter and Full Year 2023 Earnings Conference Call for VNET Group, Inc. [Operator Instructions] ...

Exhibit 99.1 VNET Reports Unaudited Fourth Quarter and Full Year 2023 Financial Results BEIJING, March 27, 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 its unaudited financial results for the fourth quarter and full year ended December 31, 2023. "Throughout 2023, we strongly executed our effective dual-core strategy amid the steady economic recovery, ending the year on a s ...

BEIJING, Feb. 5, 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 completion of its previously announced repurchase right offer relating to its 0.00% Convertible Senior Notes due 2026 (CUSIP No. 90138V AB3) (the "Notes"). The repurchase right offer expired at 5:00 p.m. (New York City time) on Tuesday, January 30, 2024. Based on information from Citibank, N.A. as the paying ...

BEIJING, Jan. 31, 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 results of its previously announced repurchase right offer relating to its 0.00% Convertible Senior Notes due 2026 (CUSIP No. 90138V AB3) (the "Notes"). The repurchase right offer expired at 5:00 p.m. (New York City time) on Tuesday, January 30, 2024. Based on information from Citibank, N.A. as the paying a ...

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 f ...

BEIJING, Jan. 9, 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 results of its extraordinary general meeting held on January 9, 2024, in Beijing. The Company's shareholders adopted the following resolutions: THAT the currently effective fourth amended and restated memorandum and articles of association of the Company be amended and restated by the deletion in their ent ...

BEIJING, Dec. 28, 2023 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, announced that it has entered into a strategic cooperation agreement (the "Agreement") with Shandong Hi-Speed Holdings Group Limited ("SDHG," 00412.HK), an important overseas investment and financing as well as emerging industrial holding platform of Shandong Hi-Speed Group. Pursuant to the Agreement, SDHG and VNET will levera ...

Core Viewpoint - VNET Group, Inc. has completed a strategic equity investment totaling US$299 million from Success Flow International Investment Limited and Choice Faith Group Holdings Limited, both affiliated with Shandong Hi-Speed Holdings Group Limited, enhancing its capital structure and shareholder base [1][2]. Investment Details - The strategic investment resulted in Success Flow and Choice Faith acquiring 455,296,932 and 195,127,260 newly issued Class A ordinary shares, representing approximately 29.5% and 12.6% of the total issued shares, respectively [2]. - The voting power held by Success Flow and Choice Faith is approximately 25.0% and 10.7%, respectively [2]. - Success Flow is restricted from transferring any Class A ordinary shares acquired in the investment for three years, subject to certain conditions [2]. Convertible Notes Repurchase - The company is notifying holders of its 0.00% Convertible Senior Notes due 2026 about their right to require the company to repurchase their notes for cash on February 1, 2024 [3][5]. - The repurchase price will be 100% of the principal amount plus any accrued and unpaid special interest, with US$600 million in aggregate principal amount of the notes outstanding as of December 28, 2023 [5]. - The opportunity to exercise the repurchase right begins on January 2, 2024, and ends on January 30, 2024 [6]. Company Overview - VNET Group, Inc. is a leading carrier- and cloud-neutral internet data center services provider in China, offering hosting, IDC services, cloud services, and business VPN services [9]. - The company operates in over 30 cities in China, serving a diverse customer base of over 7,000 enterprise clients across various industries [9]. Parent Company Overview - Shandong Hi-Speed Holdings Group Limited is a Hong Kong-listed company that serves as an important investment and financing platform, focusing on industrial investment and resource integration [10].

单击此处编辑母版标题样式 VNET Group, Inc. Investor Presentation D单isc击laim此er处编辑母版标题样式 This presentation includes “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, including statements regarding expected future events, business prospectus or financial results. The words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “would”, “project”, “should”, “believe”, “plan”, “intend”, “future”, “aim” and similar expression ...