SCHEDULE: Norges Bank Updates Vnet Group Stake to 4.0%

Norges Bank, Norway's central bank, has updated its beneficial ownership in Vnet Group Inc. to 4.0% through Depositary Receipts.

Summary

• Norges Bank reported beneficial ownership of 63,904,104 Depositary Receipts in Vnet Group Inc.
• This stake represents 4.0% of the class of securities.
• The event requiring this filing occurred on September 30, 2025.
• Norges Bank holds sole voting power over all 63,904,104 shares.
• Norges Bank has sole dispositive power over 17,268,570 shares and shared dispositive power over 46,635,534 shares.
• The shares are invested on behalf of the Government of Norway.
• This filing is an Amendment No. 1 to a previous Schedule 13G filing.

Sentiment

Score: 5

Explanation: The filing is a neutral disclosure of beneficial ownership by a major institutional investor. While a reduction in stake (if applicable) could be seen negatively, the filing itself is a standard regulatory update without explicit positive or negative operational news.

Positives

• Continued significant institutional investment by Norges Bank, a reputable global investor, in Vnet Group Inc.
• Norges Bank's certification states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Negatives

• The reported ownership of 4.0% is below the 5% threshold, which, if it represents a reduction from a previous higher stake, could be interpreted as a decrease in Norges Bank's conviction or a portfolio rebalancing.

Risks

• No specific risks related to Vnet Group Inc. are detailed in this ownership disclosure filing.

Future Outlook

NA

Management Comments

• The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

This filing indicates continued, albeit potentially adjusted, institutional interest from a major sovereign wealth fund in Vnet Group Inc., a company operating in the data center and cloud computing sector. Such disclosures provide transparency on significant investor positions.

Stakeholder Impact

• Shareholders: Provides transparency on a significant institutional holding, potentially influencing investor sentiment regarding the stability and institutional backing of Vnet Group Inc.
• Government of Norway: Confirms their indirect investment in Vnet Group Inc. through Norges Bank.

Key Dates

Keywords

Norges Bank, Vnet Group Inc, Depositary Receipts, Schedule 13G, Beneficial Ownership, Institutional Investor, Norway, SEC Filing, Data Center, Cloud Computing