VNET Group, Inc. announced that its board of directors has appointed Mr. Changqing Ye as a new director of the Company and a member of the audit committee of the Board, effective August 9, 2022. Mr. Changqing Ye has served as an independent director of Baozun Inc. Mr. Ye has also served as an independent non-executive director of Luzhou Bank Co. Ltd. Ascentage Pharma Group International, Jinxin Fertility Group Limited since June 2019 and Hygeia Healthcare Holdings Co., Limited.

From February 2011 to December 2015, Mr. Ye served as an investment committee member, group chief financial officer and a managing director of CITICPE Group. Prior to that, Mr. Ye worked at PricewaterhouseCoopers Zhong Tian LLP from April 1993 to January 2011. Mr. Ye received a bachelor's degree in journalism from Huazhong University of Science and Technology in China and a master's degree in business administration from Warwick University in the United Kingdom.

Mr. Ye is a certified public accountant in China. In addition, the Company announced the following changes to the committees of the Board: The Board appointed Mr. Sheng Chen as a member of the compensation committee of the Board and a member of the nominating and corporate governance committee of the Board. The Board also approved that Mr. Kenneth Chung-Hou Tai will no longer serve as a member of the audit committee of the Board and Mr. Erhfei Liu will no longer serve as a member of the compensation committee of the Board.

Both Mr. Kenneth Chung-Hou Tai and Mr. Erhfei Liu will continue serving as directors of the Company. These changes to the committees of the Board became effective August 9, 2022.