GDS Announces Adjournments of Extraordinary General Meeting and Additional Shareholders Meetings to be Reconvened on March 10, 2026

Rhea-AI Summary

GDS (NASDAQ: GDS; HKEX: 9698) announced that its Extraordinary General Meeting and related class/shareholder meetings convened on February 24, 2026 were adjourned and rescheduled to reconvene at the same location and times on March 10, 2026.

Record date remains February 9, 2026; proxy cards remain valid and instructions for submission to Computershare Hong Kong are unchanged.

Key Figures

EGM date: February 24, 2026 Reconvened date: March 10, 2026 Record date: February 9, 2026 +5 more

8 metrics

EGM date February 24, 2026 Original Extraordinary General Meeting date in Shanghai

Reconvened date March 10, 2026 Date when adjourned shareholder meetings will be reconvened

Record date February 9, 2026 Cut-off for holders entitled to vote at the meetings

Proxy deadline 48 hours Deadline before adjourned meetings to submit proxy cards

Meeting time EGM 4:00 p.m. CST Time of the Extraordinary General Meeting on February 24, 2026

Class A meeting time 4:30 p.m. CST Time of Class A Shareholders Meeting on February 24, 2026

Series A preferred time 5:00 p.m. CST Time of Series A Preferred Shareholders Meeting on February 24, 2026

Series B preferred time 5:30 p.m. CST Time of Series B Preferred Shareholders Meeting on February 24, 2026

Market Reality Check

Price: $43.13 Vol: Volume 1,756,343 is below...

normal vol

$43.13 Last Close

Volume Volume 1,756,343 is below the 20-day average of 2,477,579, suggesting subdued trading ahead of the meeting changes. normal

Technical Shares at 43.13 are trading above the 200-day MA of 35 and about 15% below the 52-week high.

Peers on Argus

Momentum scanner shows no peers in same-direction moves. Broader information ser...

Momentum scanner shows no peers in same-direction moves. Broader information services peers like EXLS, KD, and EPAM showed single-day declines, while GDS was tracked separately, indicating stock-specific factors around governance and capital actions.

Historical Context

5 past events · Latest: Jan 30 (Negative)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 30	Convertible private placement	Negative	-3.8%	US$300M Series B convertible preferred financing for expansion and corporate uses.
Jan 26	Voting rights proposal	Positive	+9.2%	Plan to increase Class B votes per share to strengthen Chinese-national control.
Jan 13	Asset sale	Positive	-3.8%	US$385M sale of DayOne shares, recycling capital into core China data centers.
Nov 19	Quarterly earnings	Positive	+2.5%	3Q25 revenue and EBITDA growth with a swing to net income and strong cash.
Nov 05	Earnings announcement	Positive	+3.5%	Scheduled release and call for 3Q25 unaudited results on Nov 19, 2025.

Pattern Detected

Recent GDS news often triggered notable price moves, with governance and financing items generally aligning with the market reaction, and one divergence on a portfolio monetization announcement.

Recent Company History

Over the last few months, GDS issued several material updates. A US$385M DayOne stake sale on Jan 13, 2026 and a US$300M Series B preferred private placement on Jan 30, 2026 reshaped its capital and investment profile. Governance-focused news on Jan 26, 2026 proposed increasing Class B voting power, driving a positive price move. Earlier, strong 3Q25 results on Nov 19, 2025 showed revenue and EBITDA growth. Today’s adjournment and reconvening of the shareholder meetings on March 10, 2026 fits into this ongoing governance and capital-structure narrative.

Market Pulse Summary

This announcement formally adjourned GDS’s Extraordinary General Meeting and related class meetings,...

Analysis

This announcement formally adjourned GDS’s Extraordinary General Meeting and related class meetings, rescheduling them to March 10, 2026 while keeping the previously proposed Articles amendments and the February 9, 2026 record date unchanged. Proxy cards remain valid, with a 48-hour cutoff before the reconvened meetings. In context of recent governance and financing actions, investors may focus on final voting outcomes and any subsequent capital-structure steps that follow these meetings.

Key Terms

class A ordinary shares, class B ordinary shares, preferred shares, convertible preferred shares, +3 more

7 terms

class A ordinary shares financial

"A meeting of the holders of the class A ordinary shares (the “Class A Shareholders Meeting”)"

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

class B ordinary shares financial

"a meeting of the holders of the class B ordinary shares (the “Class B Shareholders Meeting”)"

Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.

preferred shares financial

"a meeting of the holders of the Series A preferred shares (the “Series A Preferred Shareholders Meeting”)"

Preferred shares are a type of investment that gives investors priority over common shareholders when it comes to receiving dividends and getting their money back if a company is sold or liquidated. Think of them as a safer, more predictable way to earn income from a company's profits, similar to a fixed-return investment, but without voting rights. This makes preferred shares appealing to those seeking stable income with a higher claim on assets than regular stockholders.

convertible preferred shares financial

"holders of our ordinary shares and convertible preferred shares entitled to receive notice"

Convertible preferred shares are a type of stock that pays priority dividends and has a higher claim on assets than common shares, but can be exchanged later for a set number of common shares. For investors, they offer a safety-and-upside mix: steady income and protection like a senior ticket, plus the option to convert into common stock if the company grows — a decision that affects potential returns and how much existing owners’ stakes may be diluted.

record date regulatory

"fixed the close of business on February 9, 2026 ... as the record date for determining the holders"

The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.

proxy card regulatory

"The proxy cards remain valid and applicable to the Adjourned Meetings."

A proxy card is a document that allows shareholders to give someone else the authority to vote on their behalf at a company’s meeting. Think of it as a permission slip that ensures a shareholder’s interests are represented even if they cannot attend in person. For investors, proxy cards are important because they influence company decisions and governance, giving them a way to participate indirectly.

proxy statements regulatory

"the Proxy Statements and the Proxy Cards are available on the Investor Relations section"

A proxy statement is a regulatory filing that gives shareholders the information they need to vote on important corporate matters—like choosing board members, approving executive pay, or voting on major deals. Think of it as the company’s meeting agenda plus the ballot and background notes sent ahead of a shareholders’ meeting; investors use it to judge management, compare choices, and decide how to cast their votes, which can affect control and strategy.

AI-generated analysis. Not financial advice.

SHANGHAI, China, Feb. 24, 2026 (GLOBE NEWSWIRE) -- GDS Holdings Limited (“GDS Holdings”, “GDS” or the “Company”) (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China, today announced that in accordance with its previous press release dated January 26, 2026 (the “Previous Disclosure”), an Extraordinary General Meeting of Shareholders (the “EGM”) was convened at Beijing Meeting Room, F5, Building C, Sunland International, No. 999 Zhouhai Road, Pudong, Shanghai, P.R.C. at 4:00 p.m. (China Standard Time) on February 24, 2026 (which is 3:00 a.m. (Eastern Time) on February 24, 2026). A meeting of the holders of the class A ordinary shares (the “Class A Shareholders Meeting”) was convened at the same place at 4:30 p.m. (China Standard Time) on February 24, 2026, a meeting of the holders of the Series A preferred shares (the “Series A Preferred Shareholders Meeting”) was convened at the same place at 5:00 p.m. (China Standard Time) on February 24, 2026, a meeting of the holders of the Series B preferred shares (the “Series B Preferred Shareholders Meeting”) was convened at the same place at 5:30 p.m. (China Standard Time) on February 24, 2026, and a meeting of the holders of the class B ordinary shares (the “Class B Shareholders Meeting” and, together with the Class A Shareholders Meeting, the Series A Preferred Shareholders Meeting and the Series B Preferred Shareholders Meeting, collectively, the “Shareholders Meetings”) was convened at the same place at 6:00 p.m. (China Standard Time) on February 24, 2026.

In accordance with Article 64 of the Company’s Articles of Association and in order to provide more time for our shareholders to deliberate on the proposal in relation to the amendment of the Company’s Articles of Association stated in the Previous Disclosure, at each of the Shareholders Meetings the chairman of the Shareholders Meetings duly determined to adjourn the Shareholders Meetings (the “Adjourned Meetings”), each of which is rescheduled to be reconvened at the same place and at the same time on March 10, 2026.

For the avoidance of doubt, the proposal and resolutions set out in the Previous Disclosure remain unchanged and will be considered and, if thought fit, passed in the Adjourned Meetings.

No Change on Record Date

With reference to the Previous Disclosure, the Board of Directors of the Company has fixed the close of business on February 9, 2026 (China Standard Time) as the record date for determining the holders of our ordinary shares and convertible preferred shares entitled to receive notice of and to vote at the Shareholders Meeting or any adjourned or postponed meeting thereof.

As the Adjourned Meetings are a continuation of the Shareholders Meetings, there will be no change to the record date.

Proxy Card

The proxy cards remain valid and applicable to the Adjourned Meetings.

For any holder of our ordinary shares who has not submitted the proxy card, please complete the proxy card in accordance with the instructions printed thereon and deliver by mail or by hand to Computershare Hong Kong Investor Services Limited at 17M Floor, Hopewell Centre, 183 Queen’s Road East, Wan Chai, Hong Kong no later than 48 hours prior to the Adjourned Meetings.

Any proxy card duly completed and returned in accordance with the instructions printed thereon remains valid for the Adjourned Meetings and therefore need not be submitted again.

If any holder of our ordinary shares who has duly completed and returned a proxy card chooses to re-submit a proxy card, the last proxy card duly completed and returned in accordance with the instructions printed thereon and delivered by mail or by hand to Computershare Hong Kong Investor Services Limited not less than 48 hours before the time appointed for convening the Adjourned Meetings will revoke and supersede all proxy cards previously submitted by such holder.

Save as announced above, all other information set out in the Previous Disclosure remains unchanged.

Copies of the Notices of the EGM and the respective Shareholders Meetings, which sets forth the resolutions to be proposed and for which adoption from shareholders is sought, the Proxy Statements and the Proxy Cards are available on the Investor Relations section of the Company’s website at http://investors.gds-services.com, on the SEC's website at www.sec.gov and HKEX's website at http://www.hkexnews.hk.

About GDS Holdings Limited

GDS Holdings Limited (NASDAQ: GDS; HKEX: 9698) is a leading developer and operator of high-performance data centers in China. The Company’s facilities are strategically located across the key hubs where demand for high-performance data center services is concentrated. The Company’s data centers have large net floor area, high power capacity, density and efficiency, and multiple redundancies across all critical systems. The Company is carrier and cloud-neutral, which enables its customers to access the major telecommunications networks, as well as the largest PRC and global public clouds, which are hosted in many of its facilities. The Company has a 25-year track record of service delivery, successfully fulfilling the requirements of some of the largest and most demanding customers for outsourced data center services in China. The Company’s customer base consists predominantly of hyperscale cloud service providers, large internet companies, financial institutions, telecommunications carriers, IT service providers, and large domestic private sector and multinational corporations. The Company also holds a minority equity interest in DayOne Data Centers Limited, a Singapore-headquartered hyperscale data center platform.

For investor and media inquiries, please contact:

GDS Holdings Limited
Laura Chen
Phone: +86 (21) 2029-2203
Email: ir@gds-services.com

Piacente Financial Communications
Ross Warner
Phone: +86 (10) 6508-0677
Email: GDS@tpg-ir.com

Brandi Piacente
Phone: +1 (212) 481-2050
Email: GDS@tpg-ir.com

GDS Holdings Limited

FAQ

Why were GDS (GDS) shareholder meetings adjourned on February 24, 2026?

They were adjourned to allow shareholders more time to deliberate on the proposed Articles amendment. According to the company, the chairman determined adjournment under Article 64 to reconvene meetings on March 10, 2026 at the same times and location.

When will the adjourned GDS (GDS) Extraordinary General Meeting and class meetings reconvene?

All adjourned meetings will reconvene on March 10, 2026 at the same place and time. According to the company, each Shareholders Meeting is scheduled to resume on that date at the previously published times.

Does the record date change after GDS (GDS) adjourned the meetings to March 10, 2026?

No, the record date remains February 9, 2026. According to the company, the Adjourned Meetings are a continuation of the original meetings so there is no change to the record date for voting eligibility.

Are previously submitted proxy cards still valid for the adjourned GDS (GDS) meetings?

Yes. Previously submitted proxy cards remain valid and applicable to the Adjourned Meetings. According to the company, re-submission is optional; a later timely proxy will supersede an earlier one if delivered correctly.

How should GDS (GDS) shareholders submit proxy cards for the March 10, 2026 reconvened meetings?

Shareholders should deliver completed proxy cards to Computershare Hong Kong at the stated address no later than 48 hours before the Adjourned Meetings. According to the company, delivery may be by mail or by hand to the specified office in Wan Chai.

Will the proposals to amend GDS (GDS) Articles of Association change following the adjourned meetings?

No, the proposals and resolutions remain unchanged and will be considered at the Adjourned Meetings. According to the company, the same resolutions set out in the prior disclosure will be voted on when meetings reconvene.