SHANGHAI, China, March 10, 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 the adjourned extraordinary general meeting of shareholders of the Company (the "2026 EGM") was held on March 10, 2026. The Company also held adjourned meetings of each of the holders of the class A ordinary shares (the "Class A Shareholders Meeting"), the holders of the Series A preferred shares (the "Series A Preferred Shareholders Meeting"), the holders of the Series B preferred shares (the "Series B Preferred Shareholders Meeting) and 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") on March 10, 2026.

2026 EGM

The resolution submitted to the shareholders for approval at the 2026 EGM has been approved.

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

   1. Approval of the amendments to the rights attached to the Class B ordinary 
      shares of the Company to increase the voting power attached to such Class 
      B ordinary shares held by Mr. William Wei Huang, from twenty (20) votes 
      per share to fifty (50) votes per share as detailed in Proposal 1 of the 
      proxy statement, and the approval and adoption of the amended and 
      restated Articles of Association (the "New Articles") in substitution for 
      and to the exclusion of the existing articles of association of the 
      Company with immediate effect after the close of 2026 EGM; and 
 
   2. Authorization of each of the directors and company secretary of the 
      Company to take any and every action that might be necessary to effect 
      the foregoing resolutions as such director or company secretary, in his 
      or her absolute discretion, thinks fit. 

Class A Shareholders Meeting

The resolution submitted to the holders of the class A ordinary shares (the "Class A Shareholders") for approval at the Class A Shareholders Meeting has been approved. Specifically, the Class A Shareholders passed a special resolution approving:

   1. Approval of the amendments to the rights attached to the Class B ordinary 
      shares of the Company to increase the voting power attached to such Class 
      B ordinary shares held by Mr. William Wei Huang, from twenty (20) votes 
      per share to fifty (50) votes per share as detailed in Proposal 1 of the 
      proxy statement, and the approval and adoption of the New Articles in 
      substitution for and to the exclusion of the existing articles of 
      association of the Company with immediate effect after the close of Class 
      A Shareholders Meeting. 

Series A Preferred Shareholders Meeting

The resolution submitted to the holders of the Series A preferred shares (the "Series A Preferred Shareholders") for approval at the Series A Preferred Shareholders Meeting has been approved. Specifically, the Series A Preferred Shareholders passed a special resolution approving:

   1. Approval of the amendments to the rights attached to the Class B ordinary 
      shares of the Company to increase the voting power attached to such Class 
      B ordinary shares held by Mr. William Wei Huang, from twenty (20) votes 
      per share to fifty (50) votes per share as detailed in Proposal 1 of the 
      proxy statement, and the approval and adoption of the New Articles in 
      substitution for and to the exclusion of the existing articles of 
      association of the Company with immediate effect after the close of 
      Series A Preferred Shareholders Meeting. 

Series B Preferred Shareholders Meeting

The resolution submitted to the holders of the Series B preferred shares (the "Series B Preferred Shareholders") for approval at the Series B Preferred Shareholders Meeting has been approved. Specifically, the Series B Preferred Shareholders passed a special resolution approving:

   1. Approval of the amendments to the rights attached to the Class B ordinary 
      shares of the Company to increase the voting power attached to such Class 
      B ordinary shares held by Mr. William Wei Huang, from twenty (20) votes 
      per share to fifty (50) votes per share as detailed in Proposal 1 of the 
      proxy statement, and the approval and adoption of the New Articles in 
      substitution for and to the exclusion of the existing articles of 
      association of the Company with immediate effect after the close of 
      Series B Preferred Shareholders Meeting. 

Class B Shareholders Meeting

The resolution submitted to the holders of the class B ordinary shares (the "Class B Shareholders") for approval at the Class B Shareholders Meeting has been approved. Specifically, the Class B Shareholders passed a special resolution approving:

   1. Approval of the amendments to the rights attached to the Class B ordinary 
      shares of the Company to increase the voting power attached to such Class 
      B ordinary shares held by Mr. William Wei Huang, from twenty (20) votes 
      per share to fifty (50) votes per share as detailed in Proposal 1 of the 
      proxy statement, and the approval and adoption of the New Articles in 
      substitution for and to the exclusion of the existing articles of 
      association of the Company with immediate effect after the close of Class 
      B Shareholders Meeting. 

Effect on Voting Rights Structure of The Company

The table below sets out the shareholding and voting rights structure of the Company immediately upon the New Articles taking effect.

 
                                                                           Percentage of 
                                                                         aggregate voting 
                                                                        power with Class A 
                                                                        and Class Bordinary 
Shareholder      Class A ordinary shares      Class B ordinary shares   shares voting on a 
                                                                         1:50 
                                                                         Basis   1:1 Basis 
                  Number      Approximate %    Number    Approximate %     %         % 
Mr. William 
 Wei Huang 
 (1)               2,549,368            0.2  46,139,704          100.0     57.9         2.8 
STT Garnet 
 (2)             429,288,484           26.2           0            0.0     11.4        26.3 
Huatai 
 Capital 
 Investment 
 Limited (3)      44,096,580            2.7           0            0.0      1.2         2.7 
Ping An (4)       33,707,864            2.1           0            0.0      0.9         2.1 
Other 
 Shareholders  1,127,592,715           68.9           0            0.0     29.9        69.1 
 
 

Notes:

 
(1)  The number of ordinary shares beneficially owned by 
      Mr. William Wei Huang as of the date of this announcement, 
      which consists of 2,549,368 Class A ordinary shares 
      and 43,590,336 Class B ordinary shares. The 2,549,368 
      Class A ordinary shares will convert into 2,549,368 
      Class B ordinary shares if directly held by Mr. Huang 
      or an entity established or controlled by him. Therefore, 
      these 2,549,368 Class A ordinary shares are also reflected 
      in Mr. Huang's beneficial ownership under "Class B 
      ordinary shares". As of the date of this announcement, 
      Mr. William Wei Huang is the sole controlling shareholder 
      of the Company for the purposes of the Listing Rules. 
 
(2)  The number of ordinary shares beneficially owned is 
      as of the date of this announcement, represents 429,288,484 
      Class A ordinary shares (directly or in the form of 
      ADSs) owned by STT Garnet Pte. Ltd. 
 
(3)  Upon exercise in full of the conversion rights attached 
      to the convertible preferred shares at the Conversion 
      Price, a total of approximately 44,096,580 Class A 
      ordinary shares will be issued to the holder of the 
      convertible preferred shares. 
 
(4)  Upon exercise in full of the conversion rights attached 
      to the convertible preferred shares at the Conversion 
      Price, a total of approximately 33,707,864 Class A 
      ordinary shares will be issued to Ping An Overseas 
      Holdings or their affiliates, being the holder of 
      the convertible preferred shares. 
 
 

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 passive minority equity interest in DayOne Data Centers Limited, an independent 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

(END) Dow Jones Newswires

March 10, 2026 07:30 ET (11:30 GMT)