🧾 What This Document Is 🗓️

This filing is a Form 6-K, which is a filing used by international private companies (like VNET) to provide updates to U.S. investors. Think of it as an international press release that meets legal reporting standards. It was issued on April 20, 2026, and its primary purpose is to inform the public about significant changes to VNET's leadership team.

👉 The main takeaway is that VNET is undergoing a planned transition in its finance department, specifically replacing its Chief Financial Officer (CFO).

🏢 What VNET Group Does 🌐

VNET is a major player in China's digital infrastructure sector. In simple terms, they run physical locations—data centers—that allow businesses to operate and store their internet services. They are a "carrier- and cloud-neutral" provider, meaning they serve all major providers and cloud services, rather than being locked into one ecosystem.

👉 VNET provides critical hosting and connectivity services, including IDC (Internet Data Center) services, cloud services, and business VPN services. These services are vital because they improve the speed, security, and overall reliability of the customers' internet infrastructure.

🌐 VNET's Operational Scale and Reach 📡

VNET's operations are extensive and cover a broad segment of the Chinese market. They aren't just a single point of service; they have a massive footprint designed to meet diverse business needs.

• Geographic Reach: VNET operates in more than 30 cities throughout China. This wide reach means their services are accessible to businesses across the country.
• Customer Base: They service a diversified base of over 7,000 hosting and related enterprise customers.
• Client Diversity: Their customers are highly varied, ranging from large "blue-chip enterprises" and government entities to smaller "small- to mid-sized enterprises" and general internet companies.

👉 This massive scale and diverse client base signal that VNET is deeply embedded in the critical digital needs of the Chinese economy.

💨 Leadership Change: CFO Resignation 👤

The most immediate news is the departure of the company's CFO. Mr. Qiyu Wang has resigned from his role as Chief Financial Officer (CFO), effective April 30, 2026. This is a planned transition, as the filing specifies that his resignation was for "personal reasons" and is not related to any disagreement with the Company's practices or operations.

• Departure Details: Mr. Qiyu Wang’s resignation is effective on April 30, 2026.
• The Implication: Because the company specifically stated the departure is not due to disagreement, it helps maintain confidence in the company's operational stability during this transition.

🧑‍💼 Appointment of Senior Vice President of Operational Finance 📈

To manage the financial gap left by the CFO, the company has appointed a replacement to oversee these operations. Mr. Peter Zhihua Zhang was appointed as Senior Vice President, Operational Finance.

• Role and Timing: Mr. Zhang was appointed back in February 2026. His responsibility is to oversee the Company’s financial operations.
• Key Function: Crucially, he is also named the "principal accounting officer" (PAO). A PAO is a specific designation required by U.S. federal securities laws, indicating that he is responsible for certifying the accuracy of the company's financial reports.
• Experience: Mr. Zhang has worked with VNET since 2019, demonstrating established internal expertise in finance operations.

👉 This move shows a formal mechanism for transferring financial accountability, which is key for regulatory compliance, especially with the PAO designation.

🗣️ Commentary from Leadership ✨

Josh Sheng Chen, who holds the titles of Founder, Executive Chairperson, and Interim Chief Executive Officer, provided public thanks to the departing CFO. While brief, his comments highlight the positive impact of the departing executive's work.

• Direct Statement: Mr. Chen stated, “On behalf of the Company, I would like to thank Qiyu for his contributions during his tenure. His financial discipline and strategic insight have been instrumental to the Company’s growth.”
• Why It Matters: This commentary preserves the positive tone of the transition, publicly acknowledging the departed CFO’s positive impact on the company's strategic and financial development.

📞 Investor Relations and Contacts 📬

For anyone needing further information or wanting to follow up on the announcement, the company provided dedicated contact details.

• Contact Name: Xinyuan Liu
• Phone: Tel: +86 10 8456 2121
• Email: [email protected]
• Why It Matters: These details ensure that investors, analysts, or potential partners have a clear and documented channel to reach the company's Investor Relations team.

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🧠 The Analogy

Think of a major data center network like a complex, interconnected city. VNET is the utility that ensures all the wires, internet pipes, and power grids are reliable enough for every shop (customer) in the city to stay open 24/7. The people managing the money and finances of that city—the CFO and team—are like the city's treasurer and chief accountant. When the treasurer changes, the city must immediately appoint a new, qualified, and reliable chief accountant (the PAO) to ensure that the financial books remain accurate and trustworthy, regardless of who is signing the checks.

🧩 Final Takeaway

VNET is managing a planned, smooth leadership transition by appointing Peter Zhihua Zhang as the new Senior Vice President and Principal Accounting Officer. This strategic move ensures that VNET’s critical financial and accounting functions remain compliant and stable as the company continues to grow its digital infrastructure across China.