21Vianet Group, Inc. Announces Changes to the Board of Directors and the Compensation Committee
December 01 2016 - 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 Dr. Hongjiang Zhang, an independent
director of the Company as well as a member of the Compensation
Committee, has resigned from his current positions effective
December 1, 2016. Dr. Zhang has served as the Company’s director
since January 2015. The Board of Directors (the “Board”) has
appointed Mr. Tao Zou as a new independent director to the Company,
and Mr. Erhfei Liu, who has served as an independent director since
May 2015, will replace Dr. Zhang as a member of the Compensation
Committee, both effective on Dec 1, 2016.
Mr. Tao Zou is currently the Chief Executive
Officer and an executive director of Kingsoft Corporation Limited
("Kingsoft"), a company listed on the Hong Kong Stock Exchange
(Stock Code:3888) and the Chief Executive Officer and one of the
directors of Seasun Holdings Limited, overseeing the operations of
Seasun Holdings Limited and its subsidiaries, including the
research and development of online games, and the operations of the
gaming business of Kingsoft and its subsidiaries ("Kingsoft
Group"). Mr. Zou joined Kingsoft Group in 1998 and has taken
various positions within the Kingsoft Group since then. Mr. Zou
received a bachelor’s degree from Tianjin Nankai University.
Mr. Steve Zhang, Chief Executive Officer of the
Company, stated, “We are very pleased to have Mr. Zou join our
Board and we look forward to his contributions. His extensive
industry knowledge and managerial experience with Kingsoft Group
will be invaluable to 21Vianet and our customers in this rapidly
growing internet industry. Furthermore, I would like to thank Dr.
Zhang for his hard work over the past two years with the firm. We
all appreciate his leadership and wish him great success in his
future endeavors.”
About 21Vianet
21Vianet Group, Inc. is a leading
carrier-neutral Internet data center services provider in China.
21Vianet provides hosting and related services, managed network
services, cloud services, content delivery network services,
last-mile wired broadband 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. In addition, 21Vianet's proprietary smart routing
technology enables customers' data to be delivered across the
Internet in a faster and more reliable manner. 21Vianet operates in
more than 30 cities throughout China, servicing a diversified and
loyal base of more than 2,000 hosting 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," "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.
Qing Liu
+86 10 8456 2121
IR@21Vianet.com
ICR, Inc.
Violet Gu
+1 (646) 405-4922
IR@21Vianet.com
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