21Vianet Group, Inc. Announces New Additions to Its Board of Directors
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: ICR, Inc. Jeremy Peruski +1 (646) 405-4922 IR@21Vianet.com
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