Ms. Sharon Xiao Liu has served as our executive vice president since November 2025 and currently serves as the rotating president of VNET Group. Ms. Liu has over 20 years of experience in financial management, investment, financing, and corporate management. From 2010 to 2021, Ms. Liu held several executive roles at VNET Group, including the Group's Chief Financial Officer (CFO) from 2018 to 2021 and President of the wholesale IDC business group from 2020 to 2021. During her tenure as CFO, Ms. Liu spearheaded the development of VNET’s five-year strategic plan, helped grow the company’s market capitalization to over US$5 billion, and successfully completed US$1.65 billion in financing. Subsequently, Ms. Liu served as CFO at a hyperscale data center company and a tech company specializing in large-scale AI models. Before her first tenure with VNET Group, Ms. Liu was an Audit Manager at KPMG Hua Zhen LLP from 2003 to 2010. Ms. Liu received dual bachelor’s degrees in economics and law from Peking University, and is a U.S. Certified Public Accountant (CPA) licensed in the state of North Dakota.