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VNET (Nasdaq: VNET) CFO Qiyu Wang to step down, finance role shifts

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

VNET Group, Inc. reported that Chief Financial Officer Qiyu Wang will resign for personal reasons, effective April 30, 2026. The company states his departure is not related to its operations, policies, practices, or accounting matters. Founder and Executive Chairperson Josh Sheng Chen thanked Wang for his financial discipline and strategic contributions.

The company highlights that in February 2026 it appointed Peter Zhihua Zhang as Senior Vice President, Operational Finance and as its principal accounting officer, overseeing financial operations. VNET reiterates its role as a leading carrier- and cloud-neutral internet data center services provider in China, serving over 7,000 enterprise customers across more than 30 cities.

Positive

  • None.

Negative

  • Chief Financial Officer resignation: VNET announces that CFO Qiyu Wang will resign effective April 30, 2026, which represents a significant change in the company’s senior financial leadership.

Insights

VNET’s CFO exit is a governance event softened by clear succession disclosure.

VNET announces that CFO Qiyu Wang will resign effective April 30, 2026, citing personal reasons. The company explicitly states the resignation does not involve disagreements over operations, policies, practices, or accounting, reducing concern about hidden financial or control issues.

The filing notes that in February 2026 Peter Zhihua Zhang became Senior Vice President, Operational Finance and the company’s principal accounting officer. This indicates that core financial oversight is already in place, though the CFO role itself still represents a key leadership position. Future company communications can clarify the longer-term finance leadership structure.

CFO resignation effective date April 30, 2026 Effective date of Chief Financial Officer Qiyu Wang’s resignation
Principal accounting officer appointment month February 2026 Month when Peter Zhihua Zhang was appointed principal accounting officer
Customer count Over 7,000 customers Hosting and related enterprise customers served across China
Cities of operation More than 30 cities Geographic footprint of VNET’s operations in China
Year Zhang joined VNET 2019 Peter Zhihua Zhang’s tenure within VNET’s finance operations
principal accounting officer regulatory
"to serve as the Company's "principal accounting officer" in accordance with applicable U.S. federal securities laws"
The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.
foreign private issuer regulatory
"REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16"
A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.
safe harbor statement regulatory
"Safe Harbor Statement This announcement contains forward-looking statements."
A safe harbor statement is a disclaimer that companies include in their public disclosures to limit legal liability if future results differ from what was forecasted or expected. It acts like a protective shield, helping companies avoid lawsuits if their predictions don’t come true, and gives investors a clearer understanding that certain statements are forward-looking and involve risks.
forward-looking statements regulatory
"These forward-looking statements are made under the “safe harbor” provisions"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
carrier- and cloud-neutral internet data center services provider financial
"VNET Group, Inc. is a leading carrier- and cloud-neutral internet data center services provider in China."

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-
16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the Month of April 2026

 

Commission File Number: 001-35126

 

 

 

VNET Group, Inc.

 

 

 

Guanjie Building, Southeast 1st Floor

10# Jiuxianqiao East Road

Chaoyang District

Beijing 100016

The People’s Republic of China

(Address of principal executive offices)

 

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F x   Form 40-F ¨

 

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  VNET Group, Inc.
     
  By: /s/ Peter Zhihua Zhang
  Name: Peter Zhihua Zhang
  Title: Senior Vice President of Operational Finance
     
Date: April 20, 2026    

 

 

 

 

EXHIBIT INDEX

 

Exhibit   Description
     
99.1   Press release tilted “VNET Announces Changes to Leadership Team”

 

 

 

 

Exhibit 99.1

 

VNET Announces Changes to Leadership Team

 

BEIJING, April 20, 2026 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) (“VNET” or the “Company”), today announced that Mr. Qiyu Wang has resigned from his position as VNET’s Chief Financial Officer for personal reasons, effective April 30, 2026. Mr. Wang’s resignation is not due to any disagreement with the Company, nor does it relate to the Company’s operations, policies, practices, accounting matters, or procedures.

 

Mr. Josh Sheng Chen, Founder, Executive Chairperson and Interim Chief Executive Officer of VNET, commented, “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. We wish him every success in his future endeavors.”

 

In February 2026, the Company announced the appointment of Mr. Peter Zhihua Zhang as Senior Vice President, Operational Finance of VNET, to oversee the Company’s financial operations and to serve as the Company's "principal accounting officer" in accordance with applicable U.S. federal securities laws, SEC rules, and Nasdaq requirements. Since joining VNET in 2019, Mr. Zhang has demonstrated extensive expertise in multiple key roles within the Company’s finance operations.

 

About VNET

 

VNET Group, Inc. is a leading carrier- and cloud-neutral internet data center services provider in China. VNET provides hosting and related services, including IDC services, cloud services, and business VPN services to improve the reliability, security, and speed of its customers' internet infrastructure. Customers may locate their servers and equipment in VNET's data centers and connect to China's internet backbone. VNET operates in more than 30 cities throughout China, servicing a diversified and loyal base of over 7,000 hosting and related enterprise customers that span numerous 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,” “target,” “believes,” “estimates” and similar statements. Among other things, quotations from management in this announcement as well as VNET’s strategic and operational plans contain forward-looking statements. VNET 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 VNET’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: VNET’s goals and strategies; VNET’s liquidity conditions; VNET’s expansion plans; the expected growth of the data center services market; expectations regarding demand for, and market acceptance of, VNET’s services; VNET’s expectations regarding keeping and strengthening its relationships with customers; VNET’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 VNET provides solutions and services. Further information regarding these and other risks is included in VNET’s reports filed with, or furnished to, the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and VNET undertakes no duty to update such information, except as required under applicable law.

 

Investor Relations Contact:

 

Xinyuan Liu

Tel: +86 10 8456 2121

Email: ir@vnet.com

 

 

 

 

FAQ

Why is VNET (VNET) Chief Financial Officer Qiyu Wang resigning?

VNET states that Chief Financial Officer Qiyu Wang is resigning for personal reasons, effective April 30, 2026. The company emphasizes his resignation is not due to any disagreement with VNET’s operations, policies, practices, or accounting matters, helping reduce concern about internal disputes.

When will VNET CFO Qiyu Wang’s resignation become effective?

VNET explains that Chief Financial Officer Qiyu Wang will step down effective April 30, 2026. Until that date, he remains in his role. Afterward, the company will continue relying on its existing senior finance leadership, including its designated principal accounting officer, for financial oversight.

Who currently oversees VNET’s financial operations and accounting functions?

VNET notes that in February 2026 it appointed Peter Zhihua Zhang as Senior Vice President, Operational Finance. He oversees the company’s financial operations and serves as VNET’s principal accounting officer under U.S. federal securities laws, SEC rules, and Nasdaq requirements, providing continuity in financial reporting.

What type of business does VNET Group, Inc. operate in China?

VNET describes itself as a leading carrier- and cloud-neutral internet data center services provider in China. It offers hosting, IDC services, cloud services, and business VPN services, operating in more than 30 cities and serving a diversified base of over 7,000 enterprise customers across many industries.

What forward-looking statement caution does VNET provide in this announcement?

VNET includes a safe harbor statement noting that certain comments about goals, strategies, market growth, and expansion are forward-looking statements. It highlights that actual results may differ due to factors such as liquidity conditions, expansion plans, customer relationships, and general economic and business conditions.

Filing Exhibits & Attachments

1 document