GDS to Hold Extraordinary General Meeting and Additional Shareholders Meetings on February 24, 2026

Core Viewpoint - GDS Holdings Limited is holding an Extraordinary General Meeting (EGM) on February 24, 2026, to discuss proposals aimed at enhancing the company's control by Chinese nationals, particularly through increasing the voting power of Class B ordinary shares held by its Chairman and CEO, Mr. William Wei Huang [1][9]. Group 1: Meeting Details - The EGM will take place at 4:00 p.m. China Standard Time on February 24, 2026, with subsequent meetings for Class A ordinary shareholders at 4:30 p.m., Series A preferred shareholders at 5:00 p.m., and Class B ordinary shareholders at 6:00 p.m. [1] - Shareholders listed in the register at the close of business on February 9, 2026, are entitled to vote at the EGM and respective meetings [2]. Group 2: Proposal Details - The proposal aims to increase the voting power of Class B ordinary shares from twenty votes per share to fifty votes per share, enhancing Mr. Huang's voting power from approximately 36.2% to 58.6% [9]. - This change is intended to ensure that the company can continue to service key customers who require compliance with regulatory rules mandating control by Chinese nationals [8][11]. Group 3: Company Structure and Governance - GDS Holdings operates under a weighted voting rights (WVR) structure, allowing Mr. Huang to control the majority of the board of directors [7][10]. - The Class A and Class B ordinary shares carry equal rights except for the voting power, which is significantly higher for Class B shares held by Mr. Huang [5]. Group 4: Customer Base and Regulatory Compliance - The company provides data center services to a diverse range of institutional customers, including financial institutions and internet platform companies, which are subject to evolving regulatory requirements [6]. - Customers have indicated a preference for data center service providers controlled by Chinese nationals, influencing the company's proposal to strengthen its governance structure [6][9]. Group 5: Company Overview - GDS Holdings is a leading developer and operator of high-performance data centers in China, with a strong customer base that includes hyperscale cloud service providers and large corporations [13]. - The company has a 25-year track record in delivering data center services and is strategically located in key demand hubs [13].