21Vianet Group, Inc. Announces New Additions to Its Board of Directors
Appoints New Independent Director
BEIJING, Oct. 17, 2012 (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. (Nasdaq:VNET)
("21Vianet" or the "Company"), the largest carrier-neutral Internet data
center services provider in China, today announced that its Board of Directors
(the "Board") has enhanced the independence of its Board through the
appointment of Mr. Zhonghe Tai as Independent Director and Chairman of the
Nominating Committee. Mr. Tai replaces Mr. David Ying Zhang, a non-Independent
Director, who has voluntarily tendered his resignation from his position as
Director and Chairman of the Nominating Committee. In addition, Mr. Jun Zhang,
Co-founder and Chief Operating Officer of 21Vianet ("COO"), was also nominated
to serve as Director of the Company, effective October 16, 2012.
Mr. Zhonghe Tai is a prominent figure in the Taiwanese technology sector with
over thirty five years of industry experience with leading technology and
hardware companies in Taiwan and the United States. Mr. Tai co-founded Acer
Group in 1976, which has become one of top five branded PC vendors in the
world today, and held various managerial positions during his tenure. Later in
his technology career, Mr. Tai also founded Investar Capital, a venture
capital firm focusing on IT companies, served as Chairman of Richtek
Technology Corp, a world-leading power management IC design house listed on
Taiwan Stock Exchange and Chairman of Digital Times, the only
technology-focused newspaper in Taiwan. Currently, Mr. Tai serves on the Board
of Directors for several public companies in Taiwan and Singapore including
D-Link Corporation, Fullerton Technology, Ares International Corporation,
Global Testing Corporation, Capella Microsystem Incorporated, and Wafer Works
Corporation. Mr. Tai received a master's degree in business administration
from Tam Kang University and a bachelor's degree in electrical engineering
from National Chiao Tung University in Taiwan.
Mr. Josh Chen, Founder, Chairman and Chief Executive Officer of the Company,
stated. "We are delighted to enhance and expand our Board with the
appointments of both Messrs. Tai and Zhang. The appointment of Mr. Tai as
Independent Director adds a highly experienced industry veteran to our Board
and reflects our ongoing commitment to strengthen our corporate governance
practice. In addition, Mr. Jun Zhang's expertise as our COO remains a critical
component to our future growth plans. We believe these additions will further
enhance 21Vianet's corporate governance practices, strategic planning and
decision making capabilities. We also wish to express our sincere gratitude to
Mr. David Zhang for his service to 21Vianet as our Board member and wish him
continued success in his future endeavors."
21Vianet Group, Inc. is the largest carrier-neutral Internet data center
services provider in China. 21Vianet provides hosting and related services,
managed network services and cloud computing infrastructure services,
improving the reliability, security and speed of its customers' Internet
connections through 21Vianet's 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, BroadEx, enables
customers' data to be delivered across the Internet in a faster and more
reliable manner. 21Vianet operates in 33 cities throughout China, servicing a
diversified and loyal base of more than 1,600 customers that span many
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,
the outlook for the third quarter of 2012 and 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.
21Vianet does not undertake any obligation to update any forward-looking
statement, except as required under applicable law. 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.
CONTACT: Investor Relations Contact:
+1 (646) 405-4922
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