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VNET CFO Qiyu Wang to resign April 30 for personal reasons

April 20, 2026 8:01 AM

VNET Group, Inc. (NASDAQ: VNET) announced that Chief Financial Officer Qiyu Wang will resign from his position effective April 30 for personal reasons, according to a company statement.

The company stated that Wang's resignation is not due to any disagreement with VNET and does not relate to the company's operations, policies, practices, accounting matters, or procedures.

"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," said Josh Sheng Chen, founder, executive chairperson and interim chief executive officer of VNET.

In February, VNET appointed Peter Zhihua Zhang as senior vice president of operational finance to oversee the company's financial operations and serve as principal accounting officer in accordance with U.S. federal securities laws, SEC rules and Nasdaq requirements. Zhang has worked at VNET since 2019 in various finance roles.

VNET provides internet data center services in China, operating in more than 30 cities and serving over 7,000 hosting and enterprise customers across multiple industries.

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