GDS Announces Results of Annual General Meeting of Shareholders

Rhea-AI Summary

On June 30, 2022, GDS Holdings Limited conducted its Annual General Meeting of Shareholders, where all proposed resolutions were approved. Key approvals included the re-elections of directors William Wei Huang, Bin Yu, and Zulkifli Baharudin, the appointment of KPMG Huazhen LLP as the independent auditor for the fiscal year 2022, and authorization to issue up to 30% of the existing share capital. GDS Holdings is a top developer of high-performance data centers in China, catering primarily to hyperscale cloud service providers and large corporations.

Positive

• Shareholder resolutions at the 2022 AGM approved without opposition.
• Re-election of experienced directors strengthens governance.
• Appointment of KPMG as auditor signals financial accountability.
• Authorization to issue additional shares may support growth initiatives.

Negative

• None.

SHANGHAI, China, June 30, 2022 (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 (“2022 AGM”) on June 30, 2022. Each of the resolutions submitted to the shareholders for approval at the 2022 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, 2022;
5. Authorization of the Board of Directors of the Company to allot or issue, in the 12-month period from the date of the Meeting, 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 Meeting, 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 China’s primary economic hubs where demand for high-performance data center services is concentrated. The Company also builds, operates and transfers data centers at other locations selected by its customers in order to fulfill their broader requirements. 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 all the major PRC 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 21-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.

For investor and media inquiries, please contact:

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

The Piacente Group, Inc.
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 resolutions were approved at GDS Holdings' 2022 AGM?

The resolutions included director re-elections and the appointment of KPMG as the independent auditor.

Who are the re-elected directors of GDS Holdings?

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

What percentage of shares can GDS Holdings issue after the 2022 AGM?

GDS Holdings can issue up to 30% of its existing share capital.

When was the GDS Holdings 2022 AGM held?

The GDS Holdings 2022 AGM was held on June 30, 2022.