GDS Announces Results of Annual General Meeting of Shareholders

Rhea-AI Summary

GDS Holdings (NASDAQ: GDS; HKEX: 9698), China's leading data center developer and operator, announced the successful completion of its 2025 Annual General Meeting on June 26, 2025. Shareholders approved all proposed resolutions, including the re-election of three directors: Mr. William Wei Huang, Ms. Bin Yu, and Mr. Zulkifli Baharudin.

Key approvals included the appointment of KPMG Huazhen LLP as independent auditor for fiscal year 2025, and authorization for the Board to issue up to 30% of existing share capital in equity or equity-linked securities within the next 12 months.

SHANGHAI, China, June 26, 2025 (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 it held its Annual General Meeting of Shareholders (“2025 AGM”) on June 26, 2025. Each of the resolutions submitted to the shareholders for approval at the 2025 AGM has been approved.

Specifically, the shareholders of the Company passed ordinary resolutions approving:

1. Re-election of Mr. William Wei Huang as a director of the Company;
   
2. Re-election of Ms. Bin Yu as a director of the Company;
   
3. Re-election of Mr. Zulkifli Baharudin as a director of the Company;
   
4. Confirmation of the appointment of KPMG Huazhen LLP as independent auditor of the Company for the fiscal year ending December 31, 2025;
   
5. Authorization of the Board of Directors of the Company to allot or issue, in the 12-month period from the date of the 2025 AGM, ordinary shares or other equity or equity-linked securities of the Company up to an aggregate thirty per cent. (30%) of its existing issued share capital of the Company at the date of the 2025 AGM, whether in a single transaction or a series of transactions (OTHER THAN any allotment or issues of shares on the exercise of any options that have been granted by the Company); and
   
6. Authorization of each of the directors and officers of the Company to take any and every action that might be necessary to effect the foregoing resolutions as such director or officer, in his or her absolute discretion, thinks fit.
   

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 in and around primary economic 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. GDS 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 offers co-location and a suite of value-added services, including managed hybrid cloud services through direct private connection to leading public clouds, managed network services, and, where required, the resale of public cloud services. The Company has a 24-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 non-controlling 35.6% equity interest in DayOne Data Centers Limited which develops and operates data centers in International markets.

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

What were the key resolutions approved at GDS Holdings' 2025 Annual General Meeting?

The key resolutions included re-election of three directors, appointment of KPMG Huazhen LLP as auditor, and authorization to issue up to 30% of existing share capital in equity securities.

Who are the directors re-elected to GDS Holdings' board in 2025?

The re-elected directors are Mr. William Wei Huang, Ms. Bin Yu, and Mr. Zulkifli Baharudin.

What is the share issuance authorization granted to GDS Holdings (NASDAQ: GDS) in 2025?

The Board was authorized to issue up to 30% of existing share capital in ordinary shares or equity-linked securities within 12 months of the AGM.

Who will serve as GDS Holdings' independent auditor for fiscal year 2025?

KPMG Huazhen LLP was appointed as the independent auditor for the fiscal year ending December 31, 2025.