VNET Group (Nasdaq: VNET), a leading Chinese internet data center services provider, has announced a significant share repurchase program of up to US$50 million in American depositary shares (ADSs). The program, reflecting management's confidence in the company's future growth, will be executed over a 12-month period through various means including open market purchases and privately negotiated transactions. The repurchase program will be funded using existing resources and can be modified, suspended, or terminated at management's discretion. Each ADS represents six Class A ordinary shares, and repurchased shares may be held as treasury shares or cancelled.