21Vianet Group, Inc. Announces Addition to the Board of Directors
May 15 2018 - 8:00AM
21Vianet Group, Inc. (Nasdaq:VNET) ("21Vianet" or the "Company"), a
leading carrier-neutral Internet data center services provider in
China, today announced that its Board of Directors (the “Board”)
has appointed Dr. Yao Li as an independent director and a member of
the Company’s Compensation Committee, effective immediately. Dr.
Yao Li will also act as the Chairman of the Company’s Strategic
Advisory Board, which the Board has resolved to establish in order
to utilize its members’ experience in the internet infrastructure
industry to provide advice on the Company’s business strategies.
Dr. Yao Li has over 23 years’ experience in finance
and investment industry, and currently serves as the Chief
Investment Officer of Asia for the International Finance
Corporation (IFC) of the World Bank Group. Prior to that, he served
as the Chief Executive Officer of China-ASEAN Capital Advisory
Company Limited and the Chairman of the Investment Committee of
China-ASEAN Fund Management Company from mid-2011 to early 2015.
Prior to that, Dr. Li was a Co-head of the Investment Banking
Business for Bank of China (BOC), where he was responsible for
setting up the domestic securities business for BOC. Dr. Li holds a
doctorate’s degree in Economics from Renmin University of
China.
“On behalf of the Company, I would like to welcome
Dr. Li as our new independent director,” Mr. Shiqi Wang, Chief
Executive Officer of the Company, commented. “Dr. Li’s extensive
knowledge of corporate strategies and capital investment makes him
the ideal addition to our Board. Moving forward, we expect our
special Strategic Advisory Board to further strengthen our decision
making process and help guide our future growth.”
Mr. Josh Chen, Executive Chairman of the Company,
stated, “I would like to extend my warmest welcome to Dr. Li and I
am confident that his broad experience in capital investment will
be a great asset to 21Vianet as we embark on our next stage of
growth. As the data center industry has become an integral
component of the global internet infrastructure, I believe that Dr.
Li’s specific expertise in infrastructure related investment from
serving as the Chief Investor Officer at the World Bank Group will
bring invaluable benefit to 21Vianet going forward.”
About 21Vianet21Vianet Group, Inc.
is a leading carrier-neutral Internet data center services provider
in China. 21Vianet provides hosting and related services, cloud
services, and business VPN services, improving the reliability,
security and speed of its customers' Internet infrastructure.
Customers may locate their servers and networking equipment in
21Vianet's data centers and connect to China's Internet backbone
through 21Vianet's extensive fiber optic network. 21Vianet operates
in more than 30 cities throughout China, servicing a diversified
and loyal base of nearly 5,000 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 StatementThis
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,"
"believes," "estimates" and similar statements. Among other things,
quotations from management in this announcement as well as
21Vianet's strategic and operational plans contain forward-looking
statements. 21Vianet 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 21Vianet'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: 21Vianet's goals and strategies; 21Vianet's expansion
plans; the expected growth of the data center services market;
expectations regarding demand for, and market acceptance of,
21Vianet's services; 21Vianet's expectations regarding keeping and
strengthening its relationships with customers; 21Vianet'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 21Vianet provides solutions and services. Further
information regarding these and other risks is included in
21Vianet's reports filed with, or furnished to, the 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
21Vianet undertakes no duty to update such information, except as
required under applicable law.
Investor Relations
Contacts:21Vianet Group, Inc.
Rene Jiang+86 10 8456 2121IR@21Vianet.com
Julia Jiang+86 10 8456
2121IR@21Vianet.com
ICR, Inc. Jack
Wang+1 (646) 405-4922IR@21Vianet.com
VNET (NASDAQ:VNET)
Historical Stock Chart
From Mar 2024 to Apr 2024
VNET (NASDAQ:VNET)
Historical Stock Chart
From Apr 2023 to Apr 2024