Beijing VNET Broadband Data Center Co., Ltd. agreed to acquire a 7.1429% stake in VNET Technology Development (Suzhou) Co., Ltd. from Tus-Design Group Co., Ltd. (SZSE:300500) for CNY 55.4 million on May 23, 2023. The VNET Technology had total assets, net assets, revenue and net profit of CNY 1.76 billion, CNY 738.90 million, CNY 134.23 million and CNY 40.25 million, respectively for the year ended December 31, 2023. The 14th session of the Tus-Design Group’s 4th directorate approved the transaction.