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BEIJING, Oct. 14, 2022 /PRNewswire/ — VNET Group, Inc. (Nasdaq: VNET) (“VNET” or the “Firm”), a number one carrier- and cloud-neutral Web information heart companies supplier in China, introduced that the particular committee (the “Particular Committee”) of the Firm’s Board of Administrators (the “Board”) has retained Kroll Securities, LLC and Kroll, LLC (working by its Duff & Phelps Opinions Follow) as its unbiased monetary advisor, and Davis Polk & Wardwell LLP as its unbiased authorized counsel. The Particular Committee was shaped to judge and take into account the beforehand introduced preliminary non-binding acquisition proposal letter dated September 13, 2022 from Mr. Josh Sheng Chen, founding father of the Firm and the manager chairman of the Board, to amass the entire excellent atypical shares of the Firm (the “Proposal”) in addition to different potential strategic options that the Firm could pursue.
The Board cautions the Firm’s shareholders and others contemplating buying and selling the Firm’s securities that no choices have been made with respect to the Proposal or any different strategic choice that the Firm could pursue. There will be no assurance that any definitive supply shall be made, that any settlement shall be executed or that the Proposal or every other transaction shall be accepted or consummated. The Firm doesn’t undertake any obligation to offer any updates with respect to the Proposal or every other transaction, besides as required below relevant legislation.
About VNET
VNET Group, Inc. is a number one carrier- and cloud-neutral Web information heart companies supplier in China. VNET offers internet hosting and associated companies, together with IDC companies, cloud companies, and enterprise VPN companies to enhance the reliability, safety, and velocity of its prospects’ web infrastructure. Prospects could find their servers and tools in VNET’s information facilities and connect with China’s web spine. VNET operates in additional than 30 cities all through China, servicing a diversified and dependable base of over 6,500 internet hosting and associated enterprise prospects that span quite a few industries starting from web corporations to authorities entities and blue-chip enterprises to small- to mid-sized enterprises.
Protected Harbor Assertion
This announcement incorporates forward-looking statements. These forward-looking statements are made below the “protected harbor” provisions of the U.S. Personal Securities Litigation Reform Act of 1995. These statements will be recognized by terminology similar to “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “goal,” “believes,” “estimates” and related statements. Amongst different issues, quotations from administration on this announcement in addition to VNET’s strategic and operational plans include forward-looking statements. VNET may make written or oral forward-looking statements in its reviews filed with, or furnished to, the U.S. Securities and Alternate Fee, in its annual reviews to shareholders, in press releases and different written supplies and in oral statements made by its officers, administrators or workers to 3rd events. Statements that aren’t historic info, together with statements about VNET’s beliefs and expectations, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. A lot of elements may trigger precise outcomes to vary materially from these contained in any forward-looking assertion, together with however not restricted to the next: VNET’s objectives and methods; VNET’s future enterprise improvement and growth plans; the anticipated development of the info heart and cloud companies market; expectations concerning demand for, and market acceptance of, VNET’s companies; VNET’s expectations concerning sustaining and strengthening its relationships with prospects; VNET’s plans to spend money on analysis and improvement to reinforce and complement its resolution and repair choices; worldwide commerce insurance policies, protectionist insurance policies and different insurance policies that would place restrictions on financial and industrial exercise; and normal financial and enterprise situations within the areas the place VNET offers options and companies. Additional info concerning these and different dangers is included in VNET’s reviews filed with, or furnished to, the U.S. Securities and Alternate Fee. All info offered on this press launch and within the attachments is as of the date of this press launch, and VNET undertakes no obligation to replace such info, besides as required below relevant legislation.
Investor Relations Contact:
Xinyuan Liu
Tel: +86 10 8456 2121
E mail: [email protected]
SOURCE VNET Group, Inc.
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