GDS Holdings Limited (stock code: 9698) has published an updated proxy form for its extraordinary general meeting. The meeting is scheduled for 4:00 p.m. (China Standard Time) on February 24, 2026, at Building C, Sunland International in Pudong, Shanghai. According to the announcement, this updated document reflects changes arising from the issuance of Series B convertible preferred shares, with previously submitted proxy cards remaining valid unless revoked.

The announcement outlines a special resolution concerning amendments to the rights attached to Class B ordinary shares beneficially owned by the chairman and chief executive officer, raising the voting power from twenty votes per share to fifty votes per share. As of December 31, 2025, the chairman held 46,139,704 ordinary shares, representing 2.8% of the total issued share capital. The announcement notes that this adjustment is intended to reinforce control by Chinese nationals, aligning with data security and regulatory compliance requirements expressed by certain institutional customers.

The proposed changes include amending the company’s Articles of Association to reflect the increased voting power for Class B ordinary shares and adopting an updated version of the Articles with immediate effect. Shareholders holding Class A, Series A convertible preferred, or Series B convertible preferred shares may review further details in the updated proxy form, which is available on the company’s official website. The announcement states that all other provisions of the previous proxy form remain unchanged and that completed proxy cards submitted before the update will continue to be valid unless superseded or revoked.