A Ponzi Scheme of Acquisitions, 21 Vianet Group Exposed (Appendix)

A PONZI SCHEME OF ACQUISITIONS: 21 VIANET GROUP EXPOSED SEPTEMBER 10, 2014

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Note: This document is the Appendix section of Trinity Research Groups report A Ponzi Scheme of Acquisitions: 21 Vianet Group Exposed. The report is available here: www.trinityresearchgroup.com http://seekingalpha.com/author/trinityresearch/articles


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A. List of VNETs 72 data centers As per VNET official website at http://www.ch.21vianet.com/?page_id=927 P is referred as partnered cabinets and S is referred as self-built cabinets

No Data Centers Address P/S Total Cabinets No. of

cabinets managed

No. of cabinets

sold Utilizatio

n rate Notes

1

B28 1 10 B28B

S 1400 1400 1350 96.4% including B28 phase

III Beijing B28 Data Center Building B28B, Hetong Business Zone, No. 10, Jiuxianqiao Road, Chaoyang District, Beijing

2

M5 2 1 M5 S 700 700 670 95.7% Beijing M5 Data

Center Floor 2, Building M5, No.1, Jiuxianqiao Road East, Chaoyang District, Beijing

3

M6 3 1 M6 S 1682 1682 1200 71.3% Beijing M6 Data

Center Building M6, No.1, Jiuxianqiao Road East, Chaoyang District, Beijing

4

4

2 A-1

S 1690 1690 400 23.7%

Put into use on

May 28, 2014.

Phase I-1500

cabinets

Beijing Daxing Starlight Data Center

Building A-1, Starlight Studio, No.2 Beixing Road East, Daxing District, Beijing

5

5 217 2

S 351 351 300 85.5% Shanghai City North Telecom Data Center

Floor 2, No.217 Jiangchang third Road, Zhabei District, Shanghai

No Data Centers Address P/S Total Cabinets Utilizatio

n rate Notes

1 http://www.pengpan.cn/index.php/archives/208 and http://www.fastweb.com.cn/a/news/industry/2013/0613/69.html 2 http://storage.it168.com/a2011/0318/1167/000001167851_all.shtml and http://datacenter.chinabyte.com/495/8747995.shtml 3 http://www.pengpan.cn/index.php/archives/583 4 http://it.chinabyte.com/274/12813274.shtml 5 http://www.pengpan.cn/index.php/archives/620


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No. of cabinets managed

No. of cabinets

sold

6

6 588 1 S 877 877 450 51.3% Shanghai Jiyun Data

Center Floor 1, No.588, Jiyun Road, Baoshan District, Shanghai

7 7

458

S 129 129 110 85.3% phase I Shandong Qingdao Economic Zone Data Center

No.458, Jiangshan Road South, Economic Development Zone, Qingdao, Shandong Province

8 8

1

S 1145 1145 200 17.5% Foshan Intelligent City Data Center

Building #1, Zhihui Road, Chancheng District, Foshan, Guangdong Province

9 9

12 1 S 1200 1200 950 79.2% Shanxi Xian

Economic Zone Data Center

No.1 Export Zone, Fengcheng 10th Road, Xian Economic Zone, Shanxi Province

10 10

15

S 900 900 700 77.8% Beijing Tongji Central Road Data Center

No.15, Tongji Road Central, Beijing Economic Development Zone, Daxing District, Beijing

11 11

S 184 184 50 27.2% phase I Suzhou HiTech Zone Data Center

21viaNet Cloud computing zone, Foxiao Street, Hitech Zone, Suzhou, Anhui Province

12

12

750 D 1

S 276 276 150 54.3% Ningbo Hitech Zone Data Center

Floor 1, Building D, No.750 Chuangyuan Road, Hitech District, Ningbo, Zhejiang Province

Total self-built cabinets 10534 10534 6530 62.0%

6 http://www.pengpan.cn/index.php/archives/35 7 http://www.pengpan.cn/index.php/archives/272 8 http://www.pengpan.cn/index.php/archives/4 9 http://www.pengpan.cn/index.php/archives/632 and http://www.c114.net/news/102/a440125.html 10 http://www.pengpan.cn/index.php/archives/224 11 http://www.50cnnet.com/index.php?a=show&c=index&catid=146&id=46983&m=content 12 http://www.pengpan.cn/index.php/archives/398


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cabinets managed

No. of cabinets

sold Utilization

rate Notes

13 13 9

P 240 100 90 90.0% Beijing Mobile Jiuxianqiao Data Center

No.9, Caihong Road, Chaoyang District, Beijing

14

14

14 D 1

P 4000 200 190 95.0% Beijing Telecom Zhaowei Data Center

Building No.1, Zone D, Zhaowei Industrial Zone, No.14, Jiuxianqiao Road, Chaoyang District, Beijing

15

15

14 D 1

P 1199 100 95 95.0% Beijing Unicom Zhaowei Data Center

Building No.1, Zone D, Zhaowei Industrial Zone, No.14, Jiuxianqiao Road, Chaoyang District, Beijing

16

16

IDC

P 1870 200 190 95.0% Beijing Unicome Yizhuang Data Center

No.1, Beihuan Road East, Yizhuang Economic Development Zone, Daxing District, Beijing

17 17

1

P 388 350 340 97.1% Beijing Unicom Yizhuang Telephone Station Data Center

No.1, Zhonghe Street, Yizhuang, Daxing District, Beijing

18

18 162

P 450 450 350 77.8% Beijing Unicom Nanyuan Data Center

No. 162, Nanyuan Road East, Fengtai District, Beijing

19 19

86 P 50 0 0 n/a partnership terminated Beijing Wenquan

Road Data Center No.86, Wenquan Road, Haidian District, Beijing

20 20

P 3000 0 0 n/a partnership terminated Beijing Shijingshan

Data Center No. A1, Wujiacun Road, Shijingshan Disctrict, Beijing

13 http://www.pengpan.cn/index.php/archives/185 14 http://dh.idcquan.com/jifang/5616.shtml 15 http://dh.idcquan.com/jifang/13115.shtml 16 http://dh.idcquan.com/jifang/5618.shtml and http://www.pengpan.cn/index.php/archives/227 17 http://dh.idcquan.com/jifang/7439.shtml 18 http://dh.idcquan.com/jifang/7434.shtml 19 http://www.chinahr.com/company/20-966094.html 20 http://www.pengpan.cn/index.php/archives/544


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cabinets managed

No. of cabinets

sold Utilization

rate Notes

21 21

8

P 1343 200 150 75.0% Tianjin Tanggu Data Center

Floor 8, China Unicom Building, Tianjin Economic Development Zone, Tianjin

22 22 6 A 2

P 807 200 170 85.0% Tianjin Huayuan Data Center

Floor 2, Building A, No.6 Ziyuan Road, Huayuan Industrial Zone, Nankai District, Tianjin

23 23

6 A 2

P 800 100 50 50.0% Tianjin Huayuan Phase II Data Center

Floor 2, Building A, No.6 Ziyuan Road, Huayuan Industrial Zone, Tianjin

24

24

182 10

P 234 100 20 20.0% Hebei Langfang Unicom Data Center

Floor 10, China Unicom Building, No.182 Heping Road, Langfang, Hebei Province

25

25

16 11

P 170 50 20 40.0% Hebei Baoding Unicom Data Center

Floor 11, Telecom Building, No.16 Dongfeng Road West, Baoding, Hebei Province

26

26 42

P 50 0 0 n/a partnership terminated Hebei Handan Unicom Data Center

No.42, Guangming Street North, Handan, Hebei Province

27

27

7

P 500 50 20 40.0% Henan Zhengzhou Unicom Data Center

Floor 7, China Unicom No.2 Long distance Hub Building, Beihuan Road, Zhengzhou, Henan Province

21 http://dh.idcquan.com/jifang/6969.shtml 22 http://dh.idcquan.com/jifang/13112.shtml 23 http://www.pengpan.cn/index.php/archives/298 24 http://dh.idcquan.com/jifang/6828.shtml and http://www.pengpan.cn/index.php/archives/626 25 http://blog.tianya.cn/blogger/post_read.asp?BlogID=2962600&PostID=44250314 and http://www.pengpan.cn/index.php/archives/635 26 http://dh.idcquan.com/idc/netcom/737150.html 27 http://www.pengpan.cn/index.php/archives/629 and http://dh.idcquan.com/jifang/7440.shtml


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cabinets managed

No. of cabinets

sold Utilization

rate Notes

28 28

319

P 170 0 0 n/a partnership terminated Henan Xinxiang Unicom Data Center

Uncom Building, No. 319 Pingyuan Road, Xinxiang, Henan Province

29

29

28

P 384 50 30 60.0% Liaoning Dalian Unicom Data Center

Unicom International Building, No.28 Shuma Road North, Software Zone, Ganjingzi District, Dalian, Liaoning Province

30 30

P 249 0 0 n/a partnership terminated Shanxi Taiyuan

Unicom Data Center Unicom Hub Building Xinjinci Road, Taiyuan, Shanxi Province

31

31 89

P 100 0 0 n/a partnership terminated Shanxi Changzhi Data Center

No.89 Yingxiong Road Central, Changzhi, Shanxi Province

32

32 84

P 100 0 0 n/a partnership terminated Heilongjiang Suihua Unicom Data Center

No.84, Renhe Street, Suihua, Heilongjiang Province

33

33

45

P 400 0 0 n/a partnership terminated Harbin Unicom Data Center

Unicom Data Center, No.45 Xiangjiang Road, Haerbin, Heilongjiang Province

34

34

P 50 0 0 n/a partnership terminated Shenyang Dongshan Data Center

Dongbei Road, Daqong District, Shenyang, Liaoning Province

35 35

167-2

P 200 0 0 n/a partnership terminated Shanyang Tawan Data Center

No.167-2, Kunshan Road West, Huanggu District, Shenyang, Liaoning Province

28 http://dh.idcquan.com/jifang/50063.shtml 29 http://dh.idcquan.com/jifang/7379.shtml 30 http://dh.idcquan.com/jifang/5197.shtml 31 http://blog.sina.com.cn/s/blog_5e1c1b110100efwu.html 32 www.hljshidc.com 33 http://dh.idcquan.com/jifang/4958.shtml 34 Not found 35 http://www.pengpan.cn/index.php/archives/283


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cabinets managed

No. of cabinets

sold Utilization

rate Notes

36

36 1

P 50 0 0 n/a partnership terminated Jilin City Unicom Data Center

No.1 Zhongxing Street, Jilin, Jilin Province

37

37

3057

P 250 0 0 n/a partnership terminated Changchun 2nd Hub Data Center

2nd hub China Unicom Building, No.3057 Guibu Road, Changchun, Jilin Province

38 38

2 18

P 50 0 0 n/a partnership terminated Liaoning Benxi Unicom Data Center

No.18, 2nd road Jiafang South, Benxi, Liaoning Province

39 39

98

P 50 0 0 n/a partnership terminated Liaoning Dandong Unicom Data Center

No.98, Liuwei Road, Zhenxing District, Dandong, Liaoning Province

40

40

50

P 50 0 0 n/a partnership terminated Liaoning Tieling Unicom Data Center

No.50, Gongren Street, Yinzhou District, Tieling, Liaoning Province

41 41

51

P 50 0 0 n/a partnership terminated Liaoning Liaoyang Unicom Data Center

No.51, Qingnian Street, Baita District, Liaoyang, Liaoning Province

42

42

18

P 50 0 0 n/a partnership terminated Liaoning Fushun Unicom Data Center

No.18, Zhongyang Street, Xinfu District, Fushun, Liaoning Province

43 43

168 P 750 0 0 n/a partnership terminated Shandong Laoshan

Unicom Data Center No.168, Zhuzhou Road, Laoshan District, Qingdao, Shandong

36 Not found 37 http://dh.idcquan.com/jifang/7882.shtml 38 Not found 39 Not found 40 Not found 41 Not found 42 http://www.9tao.com/jfxx.asp?wid=497 43 http://dh.idcquan.com/jifang/47785.shtml


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cabinets managed

No. of cabinets

sold Utilization

rate Notes

44 44 333 P 220 0 0 n/a partnership terminated Shandong Weifang Unicom Data Center

No.333, Dongfeng Street East, Weifang, Shandong Province

45

45 2

P 138 10 10 100.0% Shanghai Pudong Software Zone Data Center

No.2, Boyun Road, Pudong New Development Zone, Shanghai

46 46 199 2 P 500 200 90 45.0% ShangHai Jiangchang Data Center

Floor 2, No.199, Jiangchang Road West, Zhabei District, Shanghai

47

47

926 4

P 357 50 30 60.0% Shanghai Tongpu Data Center

Building No.4, No.926 Tongpu Road, Putuo District, Shanghai

48

48

338 4

P 225 225 50 22.2% Huzhou Phoenix Data Center

Floor 4, Huzhou Telecom Building, No.338 LongXi Road North, Huzhou, Zhejiang Province

49

49

11 7F

P 200 20 10 50.0% Nantong Changqiao Data Center

Floor 7, No.11 Telecom Station Yard South, Roundcity Road South, Chongchuan District, Nantong, Jiangsu Province

50

50

77 4

P 1700 250 100 40.0% Taishan New Garden Data Center

Floor 4, Telecom Building, No.77 Daqiao Road North, Pukou District, Nanjing, Jiangsu Province

51 51

69 4

P 55 5 5 100.0% Fuyang Golden Bridge Data Center

Floor 4, China Telecom Building, No.69 Golden Bridge Road North, Fuyang, Zhejiang Province

44 http://www.idcji.com/DataCenter/Weifang.asp 45 http://www.pengpan.cn/index.php/archives/610 46 http://www.pengpan.cn/index.php/archives/412 47 http://www.pengpan.cn/index.php/archives/617 48 http://www.pengpan.cn/index.php/archives/253 49 http://www.cncnc.com.cn/newweb/dianxin/jsnt.html 50 http://www.467.cn/hosting4.html 51 http://www.pengpan.cn/index.php/archives/160


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cabinets managed

No. of cabinets

sold Utilization

rate Notes

52

52 237

P 462 0 0 n/a partnership terminated Jiangsu Yangzhou Data Center

No.237, Yunhe Road West, Yangzhou, Jiangsu Province

53

53

15

P 963 0 0 n/a partnership terminated Shandong Qingdao Unicom Data Center

2nd hub China Unicom Building, No.15 Liaoyang Road East, Qingdao, Shandong Province

54 54

P 458 0 0 n/a partnership terminated Shandong Jinan Danshantun Data Center

Jingshixi Road, Jinan, Shandong Province

55 55

P 300 0 0 n/a partnership terminated Shandong Jiyang Data Center

Economic development zone, Jiyang County, Jinan, Shandong Province

56 56

""IDC P 1877 200 130 65.0%

Guangzhou Asia Info Data Center

Telecom Asia Info IDC center, Gaopu Road, Guangzhou, Guangdong Province

57 57

6

P 188 20 10 50.0% Zhaoqing Huangtang Data Center

Floor 6, Telecom building, Furong Street West, Zhaoqing, Guangdong Province

58

58

1079 B

P 546 100 60 60.0% Shenzhen Garden City Data Center

Floor 1, Building B, Garden City Digital Building, No.1079 Nanhai Broadway, Shekou, Shenzhen

52 http://www.pengpan.cn/index.php/archives/363 53 http://dh.idcquan.com/jifang/5455.shtml 54 http://dh.idcquan.com/jifang/6968.shtml 55 http://dh.idcquan.com/jifang/33563.shtml 56 http://www.pengpan.cn/index.php/archives/592 and http://wenku.baidu.com/link?url=YKncm3jCUjd7P5hKfG7USfffY4-jnSNQgLS6-cCgTXfbnADF-AF5dmwDAjR8TPw02V3enqz5rfwLl5Jgq3OQdTc01L3pxopyInImIUgp5Xy 57 http://www.cobte.com/idc/show.php?lang=cn&id=100 58 http://www.abcde.cn/China_huayuancheng_fuwuqi.htm


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cabinets managed

No. of cabinets

sold Utilization

rate Notes

59

59

4

P 100 100 20 20.0% Huangshi FlowerLake Data Center

Floor 4, FlowerLake Telecom Building, Yangpu Road, Huangshigang District, Huangshi, Hubei Province

60

60

62 5

P 600 50 20 40.0% Wuhan Changqing Data Center

Floor 5, Wuhan Telecom Data Center, No.62 Xuefu Road South, Hanjiang District, Huhan, Hubei Province

61

61

P 3044 300 200 66.7% Shenzhen Fuyong Data Center

Fuyong China Telecom Data Center, Dejin Industrial Zone, Heping Valliage, Baoan District, Shenzhen

62

62

246 6

P 399 80 80 100.0% Guangzhou Renmin Road Central Data Center

Floor 6, China Telecom Data Center, No.246, Renmin Road Central, Liwan District, Guangzhou, Guangdong Province

63

63

189 3

P 170 170 20 11.8% Changsha LuValley Data Center

Floor 3, China Telecom Data Center Building, No.189 Tongzipo Road West, Changsha, Hunan Province

64

64

333

P 1088 0 0 n/a partnership terminated China Mobile South Base Data Center

No.333, Gaotang Road, Gaotang New Zone, Galaxy Software Zone, Guangzhou, Guangdong Province

59 http://www.pengpan.cn/index.php/archives/601 60 http://www.pengpan.cn/index.php/archives/607 and http://dh.idcquan.com/jifang/diy/60031.shtml 61 http://www.pengpan.cn/index.php/archives/595 and http://gd.189.cn/biz/introd/idc/cgjf/sz/2011/10/19/10110.htm 62 http://gd.189.cn/biz/introd/idc/cgjf/gz/2011/10/19/10103.htm 63 http://www.pengpan.cn/index.php/archives/604 64 http://dh.idcquan.com/jifang/50643.shtml


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cabinets managed

No. of cabinets

sold Utilization

rate Notes

65 65

83

P 600 0 0 n/a partnership terminated Fujian Xiamen Software Zone Data Center

No.83, Wanghai Road, Software Zone, Xiamen, Fujian Province

66 66 3 P 50 0 0 n/a partnership terminated Jiangxi Jingdezhen Telecom Data Center

No.3, Zhushan Road West, Jingdezhen, Jiangxi Province

67 67

IDC

P 600 0 0 n/a partnership terminated Fujian Fuzhou Mawei Data Center

IDC building, Luoxingta Road, Mawei District, Fuzhou, Fujian Province

68 68

5 IDC

P 180 0 0 n/a partnership terminated Fujian Quanzhou Data Center

Floor 5, Telecom Building Yunlu Road, Fengze District, Quanzhou, Fujian Province

69 69

2 5

P 500 20 10 50.0% Chongqing Wulidian Data Center

Floor 5, China Telecom Building, No.2, Haier Road, Jiangbei District, Chongqing

70 70 P 400 0 0 n/a partnership terminated Chongqing huixing Data Center

Telecom Building, Huixing, Yubei District, Chongqing

71 71

819 P 50 0 0 n/a partnership terminated Sichuan Meishan Data

Center Telecom building, Meishan New District, Meishan, Sichuan Province

72 72

15 P 180 0 0 n/a partnership terminated Shanxi Baoji Data

Center Floor 4, Telecom Building No15, Jintai Street, Baoji, Shanxi Province

Total partnered cabinets 34024 3950 2560 64.8% Total cabinets 44558 14484 9090 62.8%

65 http://dh.idcquan.com/jifang/47467.shtml 66 http://dh.idcquan.com/jifang/7583.shtml 67 http://www.jifang360.com/idc/datacenter/dx/2011725174512/ 68 http://www.pengpan.cn/index.php/archives/648 69 http://www.pengpan.cn/index.php/archives/655 70 http://www.pengpan.cn/index.php/archives/662 71 http://www.hubeidc.com/server/sc_meishanct.php 72 http://www.docin.com/p-788261350.html


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APPENDIX B: Capital Restructuring of Beijing iJoy Before Acquistion

Exhibit 1 Articles of Association of Beijing iJoy

The first page of Articles of Association of Beijing iJoy shows three shareholders contributed the 2nd tranche of registered capital in total amount of RMB 3 million on April 21, 2011. So, the total capital injection increased to RMB 5 million. Exhibit 2 Audit report on cash injection of registered capital in RMB 3 million

Exhibit 3 Chart of amount of registered capital received by the company

After this RMB 3 million capital contribution, there was no any further cash contribution into the company before acquisition. Peng Yang, Hu Yiwen and Shu Huaying contributed RMB 1.75, RMB1.625 and RMB 1.625 mln respectively.


PAGE 13 / 19

Exhibit 4 Audit report on decrease of registered capital from RMB 10m to RMB 5m On November 22, 2011. The three funders of iJoy decided to reduce capital registration from RMB 10 mln to RMB 5 mln.

Exhibit 5-6 Shareholder Resolution for 1st General Meeting in 2012


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The shareholder resolution approved the 1st share transfer from Peng Shuhua and Hu Yiwen to Peng Yang on March 7, 2012 Hu Yiwen and Shu Huaying sold their 9.75% shares each to Peng Yang.

Exhibit 7-8 Shareholder Resolution for 2nd General Meeting in 2012.

The shareholder Resolution approved the 2dn share transfer from Peng Shuhua and Hu Yiwen to Peng Yang on May 14, 2012 Hu Yiwen and Shu Huaying Sold another 13.25% shares each to Peng Yang each.


PAGE 15 / 19

Exhibit 9 The 3rd Share Transfer Agreement among three shareholders. The share Transfer Agreement approved the 3rd share transfer from Peng Shuhua and Hu Yiwen to Peng Yang on July 13, 2012 , Peng Shuhua and Hu Yiwen sold the remaining 9.5% shares to Peng Yang. After this transaction, Peng Yang holds 100% stakes in Beijing iJoy.


PAGE 16 / 19

Exhibit 10-11 Articles of Association of Beijing iJoy.

The first page of Articles of Association of Beijing iJoy shows the registered capital was increased to RMB 10.08m by Peng Yang in intellectual property on March 14, 2013, just before VNET acquired them.


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APPENDIX C: Excerpts from SAIC Filings Inconsistent Registered Business Scope and Licensing BKHT and XYHT are examples, with bizarre entries such as technology development, information consulting, cultural exchange, conference service, advertising and logo design.

Translation of Enterprise Registration Form for XYHT. The registered capital is RMB 30,000. The business scope includes technology development, information consulting, cultural exchange, conference service, advertising and logo design. Translation of SAIC filing by BKHT. The legal representative was changed to Wang Jingbo, a relative person of Cheng Ran. The business scope includes the sale of machines, construction materials, instruments, car accessories, stationary, light, computers, plastic and rubber material.

Cheng Ran Missing from Registrations. All seven MNS Entities are registered under Chengs wife, sister or friend. XYHT and ZBXT are good examples.

XYHT


PAGE 18 / 19

Translation of Shareholder meeting held by XTHT on May 16, 2010 before acquisition. The shareholders were changed to Cheng Bin (the sister of Cheng Ran) and ZBXT (another company controlled by Cheng Ran). The registered capital was RMB 30,000.


PAGE 19 / 19

Translation of Enterprise Application Form on Changes of Registered Items. The shareholders of ZBXT were Gao Hong (Ex-wife of Cheng Ran) and Ying Wenxin (Husband of Cheng Bin, the sister of Cheng Ran). The equity of ZBXT was transferred to Beijing Shidaitonglian Technology Co., Ltd. before acquisition.

Scanned by CamScanner

Gao Hong: Cheng Ran's Ex Wife

APPENDIX C: Excerpts from SAIC filings (CONTINUED)

1


Employee number:8

Zhibo Xintong (ZBXT)

2

Scanned by CamScanner 3


Business Scope: sell machinery, building materials, automobile accessories, Lighting,computer/accessories

Beijing BKHT Network

4


BKHT shareholder meeting: 1 person

5


BKHT quickly transfered the ownership to ZBXT before 21ViaNet acquired the company


Beijing BKHT Network

7


Business scope changes:the new business scope includes: technology development,conference service,

culture exchange, labor service, advertising

8


The agreement to change the business scope at Feb 1st of 2012

9


SAIC filing of BKHT address changes in 2013

10


We found the new address is a ghost office, refer to our office photos in MNS acquistion appendix

11


Three years later after acquired by 21 ViaNet, the registration capital got raised in 2014.BKHT also added telecom value-added service in their business scope in 2014, 3 years after acquired by 21ViaNet.

13


only one employee

14

BKHT SAIC financial filings 2008


BKHT SAIC financial filing 2009:negative profits with 2 employees

Revenue

Profits

16


BKHT SAIC financial filing 2010: suddenly turned profitable after acquired by 21ViaNet

Revenue

BKHT's Revenue grew 8 times suddenly after 21ViaNet acquired BKHT in 2010

Profits

17


Employee number dropped from 25 to 17, while revenue grew 40% YoY in 2011

AND profits grew 9 times YoY in 2012.

18


In 2013, the SAIC registration shows that the business scope of BKHT is still "technology development,

information consulting,conference service,culture exchang, advertisting

BKHT

19


BKHT SAIC financial filing 2012: BKHT revenue grew over 2 times and profits grew 5 times YoY.BUT employee number dropped further from 17 to 14 in 2012.

20


BKHT shareholder meeting: only 1 people attended.

21


the similar suspicious share transfering before acquired by 21ViaNet.

Cheng Bin: Cheng Ran's sister

22


ZBXT and Cheng Bin only invested RMB 30,000 into BKHT.

23


XYHT was established just 3 Months before acquired by 21Vianet.

Cheng Bin and his brother, Cheng Ran owned ZBXT,invested RMB 30,000 to establish XYHT as a shell company

sold to 21ViaNet

24


XYHT's investment was raised to RMB 100,000 from 30,000, just 2 months before acquired by 21ViaNet


XYHT's investment was raised to RMB 100,000 from 30,000, just 2 months befor acquired by 21Vianet


2 months before acquisition by 21 Vianet, Cheng Bin transferred all her shares in XYHT to his brother's company, ZBXT.

28


Confirmation that ZBXT invested RMB 100,000 in XYHT and owned 100% of XYHT.

29


XYHT was established with the same business scope with BKHT

Business Scope:Technology Development, Information Consulting,Culture Exchange, Advertising, logo design, conference service, and exhibition.

Employee number: 6

32


XYHT added telecom value-added service in their business scope 4 years after acquired by 21ViaNet.


XYHT SAIC financial file 2008: Revenue 2.3 mln with 130,000 net profits.3 employees.

35


XYHT SAIC financial filing 2009: RMB 5.6 mln revenue with RMB 2094 net profits. 3 employees


XYHT's revenue grew 40% YoY and net profits grew 160 times YoY in 2010 after acquired by 21Vianet


Busiess scope in 2012:Technology Development,information Consultingculture exchange, advertising, logo design, conference service, exhibition.

39


board meeting still one person attended

41


Fujian YJHTAddress is a residential building and no one lives there.

Business scope:Telecom equipment sales, procurement serviceTelecom technology service and consulting.

42


Yilong Xinda: license of internet information service and website:www.yloog.net, or Kuaihuo Wang

43


Yilong Xinda changed its business scope in 2010.

The new business scope: internet service, Technology promotion, culture exchange, conference service, logo design,consumer electronics retail.

44


Yilong Xinda deleted their internet information service from their business scope in November of 2010.

46


Gao Hong: Cheng Ran's Ex Wife

48

Chengyi Shidai was registered under the name, Gao Hong, Cheng Ran's ex wife.


Cheng Bin, Cheng Ran's sister and Gao Hong, Cheng Ran's Ex wife were main investors of Chengyi Shidai (CYSD).

49


CYSD SAIC financial filing 2003: Revenue RMB 8.3 mln, Net profits: 960,000, 7 Employees

51

CYSD SAIC financial filing 2003: Revenue RMB 8.3 mln, Net profits: 960,000, 7 Employees


CYSD SAIC financial filing 2007: Revenue RMB 14.2 mln, Net profits: RMB 71,100, 7 employees

52


CYSD SAIC financial filing 2008: Revenue: RMB 49.5 mln, net profits RMB 810,000, 23 employees


CYSD SAIC financial filing 2009: Revenue 48.4 mln, net profits RMB 221,292


SAIC filings CYSD SAIC financial filing 2010: Revenue 62.2 mln, Net profits 131,942


CYSH SAIC financial filing 2011: Revenue RMB 82.9 mln, Net profits:RMB 9.88 mln, 15 employees

CYSH reported suspicious huge growth of revenue and net profits after acquired by 21ViaNet

even with employee number declined from 25 to 15 in 2011.

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A Ponzi Scheme of Acquisitions - 21 Vianet Group Exposed v3 - Appendix (part 1)A Ponzi Scheme of Acquisitions - 21 Vianet Group Exposed v3 - Appendix (part 2)

A Ponzi Scheme of Acquisitions, 21 Vianet Group Exposed (Appendix)

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Transcript of A Ponzi Scheme of Acquisitions, 21 Vianet Group Exposed (Appendix)