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21Vianet Group, Inc. Announces New Additions To Its Board Of Directors

Stocks in this article: VNET

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."

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