GDS Holdings Grants 30% Issuance Authority, Extends Equity Plan and Appoints David Zhang
GDS•GDS Holdings approved election of David Zhang, re-elected Kathy Chen and extended its 2016 Equity Incentive Plan by three years at its June 25, 2026 Annual General Meeting. Shareholders authorized issuing up to 30% of existing share capital over 12 months and accepted Satoshi Okada’s departure after 12 years.
1. Annual General Meeting Outcomes
On June 25, 2026, GDS Holdings held its Annual General Meeting of shareholders, during which it secured approval for multiple key items. Shareholders re-elected Mr. Gary J. Wojtaszek and Ms. Hua (Kathy) Chen, elected Mr. David Zhang, extended the 2016 Equity Incentive Plan for three years, confirmed KPMG Huazhen LLP as auditor and granted the board authority to issue up to 30% of existing share capital within 12 months.
2. Board Succession and Departures
Mr. Satoshi Okada retired after 12 years of service, with Mr. Zhang filling the vacated directorship immediately. Earlier in May, Mr. Lim Ah Doo resigned as independent director and Audit Committee chair, and Ms. Chen was re-elected at the AGM to assume the committee leadership.
