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2015-09-29 Press release: SinoCloud progresses on data centre business with strategic formation

Headquartered in Beijing, Sinocloud Asset Mgt will be spearheaded by accomplished industry veteran, Mr Zhang Dai as its chief executive officer. Mr Zhang Dai holds a master’s degree in software engineering from Beijing University of Posts and Telecommunications, and has over 20 years of experience in the IT and telecommunications industry. Prior to joining SinoCloud Asset Mgt, he served as a senior member of China Communications Services, a Hong Kong-listed entity largely owned by China Telecom. He was responsible for the planning, construction, and operation of China Telecom’s data centres in cities in the PRC, such as Hangzhou, Beijing, Guangzhou, Jiangxi, Shanxi, as well as Inner Mongolia. Mr Zhang is one of the vendors of the GY Transaction. He is the founder of the Tier-4 data centre in Guiyang.

Mr Andrew Chan, Chairman and Chief Executive Officer of SinoCloud, added, “Data centre will certainly be the Group’s main focus in the next few years. To capture the industry’s growth, we hasten our steps following shareholders’ approval for the acquisition of 63% effective interest in a Tier-4 data centre in Guiyang, the PRC, to create a data centre management unit to cultivate this new business venture. I believe Mr Zhang Dai’s experience and credential in the industry will help the Group to expand its scale and scope in this area. At this gestation period, we are working tirelessly to capitalise on business opportunities within the data centre space and increasing marketing efforts to expand our customer base. In due course, we aim to deliver a sustainable performance to generate value for our shareholders.”


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