GDS Holdings Limited (9698) announced an updated notice of its extraordinary general meeting scheduled for February 24, 2026, at 4:00 p.m. in Shanghai. According to the announcement, shareholders registered as of February 9, 2026 (China Standard Time) will be entitled to vote on key proposals.

One central proposal seeks to increase the voting power of the Class B ordinary shares beneficially owned by Chairman and Chief Executive Officer William Wei Huang from 20 votes to 50 votes per share. As of December 31, 2025, he holds 46,139,704 ordinary shares, representing approximately 2.8% of the total issued share capital.

The announcement indicates that several key Mainland customers require their data center partners to be controlled by Chinese nationals or entities. The proposed amendment is intended to reinforce GDS Holdings Limited’s status as controlled by Chinese nationals, thereby helping the company satisfy these regulatory compliance requirements. According to the notice, Mr. Huang and his associates will abstain from voting on this proposal.

The board of directors stated that the move aligns with GDS Holdings Limited’s weighted voting rights structure, given Mr. Huang already holds the right to appoint a majority of the board, and that the change aims to strengthen regulatory compliance without adversely affecting other shareholders’ rights.