VNET Group, Inc. announced the resignation of Mr. Changqing Ye as an independent director and a member of the audit committee, effective October 31, 2024. Mr. Ye resigned for personal reasons, with no stated disagreement with the Board or the Company's operations, policies, or practices. This change impacts the composition of the company's governance structure.
The Board has approved Mr. Kenneth Chung-Hou Tai to replace Mr. Ye as a member of the audit committee, effective October 31, 2024. Mr. Tai has served as an independent director of VNET since October 2012, ensuring continuity and experience within the committee. Following these changes, the Board now consists of six directors, including four independent directors.
The audit committee is now comprised of Mr. Sean Shao, Mr. Yoshihisa Ueno, and Mr. Kenneth Chung-Hou Tai. This adjustment maintains the required independent oversight for financial reporting and internal controls. The company stated its dedication to pursuing sustainable, high-quality growth in the long run.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.