Support the business development of the data center with the proposed appointment of an executive director and the establishment of convertible bonds Seize the opportunity of digitization to the last 406 million RMB
EQS-News / 03/06/2021 / 10:14 UTC + 8
[For Immediate Release] June 3, 2021
ZHI SHENG GROUP HOLDINGS LIMITED
智 昇 集團 控股 有限公司
(Incorporated in Cayman Islands Limited Liability)
(Stock code: 8370)
Support the development of the data center business through the proposed appointment of an Executive Director and the placement of convertible bonds
Seize the Opportunity of Digitization Through Latest RMB 406 Million Data Center Engineering and management service contract
(June 3, 2021 – Hong Kong) Zhi Sheng Group Holdings Limited (“Zhi Sheng Group”, together with its subsidiaries, collectively the “Group”; stock code: 8370.HK) is pleased to announce that it intends to appoint Mr. Lai Ningning (“Mr. Lai”) as its executive director, and grant him relevant stock options to facilitate the construction, management and operation of its data centers in China. At the same time, the Group has entered into several agreements, effectively tapping the Chinese data center construction and operation market on June 2, 2021.
Mr. Lai worked for years with 21Vianet Group Inc. until 2017, when he was General Manager of the Network Department and Senior Vice President of the Group. He then became a shareholder of China Internet Exchange in 2017 and has years of experience and expertise in the data center industry. In order to support its long-term development, the Group has entered into the following agreements with Mr. Lai:
In order to reconstitute the Group’s capital for the development of the data center, the Company entered into the conditional Placement Agreement on June 2, 2021 with the Placement Company:
On the other hand, in order to facilitate the development of the data center, the Group also entered into an agreement to support the creation of a joint venture, and subsequently won the contract to build and manage the data center:
In recent years, the Group has actively sought to develop its data center activity in China, with the aim of diversifying activity flows and deriving stable revenues from them. The Group believes that the demand for data centers in China will continue to grow and that the sector will benefit from i) the rapid development of artificial intelligence in the long term, ii) the increase in demand for enterprise intelligence, as well as iii) the establishment of favorable national policies. Due to strong demand and the stable nature of rental income, such an agreement aligns with the Group’s development strategy and is expected to generate stable interest income, cash flow and long-term value for the company. Company by taking full advantage of Mr. Lai’s experience in the industry. .
Mr. Yi Cong, Chairman of Zhi Sheng Group, commented: “Under the leadership of the” 14th Five-Year Plan “, the central government has promoted the development of the digital economy at a national strategic level, and is expected to become the main driving force of China’s economic development in the future. . Taking advantage of the outbreak of the global pandemic, this trend of digital transformation of businesses will be irreversible and, as a result, data centers will become an important cornerstone of the digital economy. We remain optimistic about the development of Chinese industry telecommunications agreement, we can quickly harness the data center industry and seize the growth opportunities of China’s digital development. In the future, the Group will aim to further consolidate its position in the value chain in the chain of the data center industry, supported by an expanding product portfolio and revenue streams, to achieve the future potential of the Internet age. “
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About Zhi Sheng Group Holdings Limited
Leveraging the industry advantages accumulated over the years, Zhi Sheng has gradually entered the Internet business to help China develop the future potential of the Internet age. With the acceleration of digital transformation in various industries in China, the Group has increased the layout of its internet data center in recent years to meet the needs of the Chinese economy for digital transformation, and plans to increase significantly the service area of the data center. to over 150,000 square meters in three years. The Group finalized the acquisition of Polyqueue Limited in January 2020 to deploy the data center business, expand the Group’s revenue stream and create long-term shareholder value. In terms of manufacturing, the group has been deeply engaged in the office furniture manufacturing and sales industry for many years with a good reputation in the industry and a strong network of customers. The Internet. Furniture products manufactured by the Group are mainly sold in the country and are sold to customers mainly through tenders and direct sales.
The press release is issued by DLK Advisory on behalf of Zhi Sheng Group Holdings Limited.
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DLK Notice 金 通 策略
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Phone:+852 2857 7101
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