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Home › Companies › GDS Holdings Limited › 2025-2026

GDS Holdings Limited 2025-2026 Proxy Voting Records

At GDS Holdings Limited's 2 shareholder meetings in the 2025-2026 proxy season (held March 10, 2026 and June 25, 2026), 64 asset managers reported how they voted in their SEC Form N-PX filings, covering 1,334 separate fund positions. Their filings are grouped here into 28 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. No official Form 8-K vote tally has been matched to this meeting, so this page states no certified outcome for its most widely held ballot item. On that item — ELECT DIRECTOR DAVID ZHANG — the reporting funds cast 99.3% of the shares they voted in favour (FOR divided by FOR plus AGAINST plus WITHHELD; abstained and unvoted shares are excluded because neither took a side). That is the aggregate of those managers' own N-PX disclosures, not the company's certified result, and the funds are a subset of all shareholders.

Download data (CSV): ballot items · votes by manager · column guide.

Compiled from SEC Form N-PX filings. Page generated November 8, 2026.

  • 28Reported items
  • 64Asset managers
  • 1,334Fund votes
  • June 25, 2026Main meeting date

Results at a glance

No official results are on file for this meeting: no Form 8-K tally (Item 5.07) from GDS Holdings Limited has been matched to it. The figures below are the funds’ own votes from Form N-PX. They are not the meeting result, so they are not used to judge dissent.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2025-2026

Explore GDS Holdings Limited in the interactive database Compare manager voting policies

How asset managers voted at the GDS Holdings Limited 2025-2026 meetings

Each item below shows how the 64 asset managers that disclosed a GDS Holdings Limited vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of GDS Holdings Limited’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. ELECT DIRECTOR DAVID ZHANG

No official resultsDIRECTOR ELECTIONS

Meeting held June 25, 2026; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

99.3% of fund votes cast · no official result

FOR
Details: votes by 49 asset managers

The 49 asset managers below reported 87,020,187 for, 540,754 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 87,020,187AGAINST: 540,754
Largest asset managers voting on “ELECT DIRECTOR DAVID ZHANG” at GDS Holdings Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard23,511,1720 00For
BlackRock22,856,6640 00For
Invesco9,153,6030 00For
Fidelity8,803,4570 00For
Dimensional5,723,8050 00For
T. Rowe Price3,659,0000 00For
BARON SELECT FUNDS3,425,8570 00For
Cohen & Steers1,869,0000 00For
American Century1,472,6570 00For
Charles Schwab993,2180 00For
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)622,0000 00For
DRIEHAUS MUTUAL FUNDS619,2070 00For
Putnam0540,754 00Against
Goldman Sachs523,5880 00For
Russell Investments502,8000 00For
WisdomTree446,7950 00For
ALGER FUNDS398,4970 00For
Northern Trust293,5000 00For
Victory Capital237,1000 00For
Aberdeen218,7000 00For
Lincoln Financial195,4080 00For
TIAA181,9000 00For
FIRST EAGLE FUNDS155,2000 00For
Nationwide150,9000 00For
Perpetual Americas Funds Trust130,7530 00For

Showing the 25 largest of 49 asset managers. All 49 are in the interactive database (link above).

2. ELECT DIRECTOR GARY J. WOJTASZEK

No official resultsDIRECTOR ELECTIONS

Meeting held June 25, 2026; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

67% of fund votes cast · no official result

FORAGAINST
Details: votes by 49 asset managers

The 49 asset managers below reported 58,395,203 for, 29,165,738 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 58,395,203AGAINST: 29,165,738
Largest asset managers voting on “ELECT DIRECTOR GARY J. WOJTASZEK” at GDS Holdings Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard23,511,1720 00For
BlackRock022,856,664 00Against
Invesco9,153,6030 00For
Fidelity3,293,9415,509,516 00Mixed
Dimensional5,723,8050 00For
T. Rowe Price3,659,0000 00For
BARON SELECT FUNDS3,425,8570 00For
Cohen & Steers1,869,0000 00For
American Century1,472,6570 00For
Charles Schwab993,2180 00For
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)622,0000 00For
DRIEHAUS MUTUAL FUNDS619,2070 00For
Putnam0540,754 00Against
Goldman Sachs523,5880 00For
Russell Investments502,8000 00For
WisdomTree446,7950 00For
ALGER FUNDS398,4970 00For
Northern Trust293,5000 00For
Victory Capital237,1000 00For
Aberdeen218,7000 00For
Lincoln Financial33,808161,600 00Mixed
TIAA181,9000 00For
FIRST EAGLE FUNDS155,2000 00For
Nationwide150,9000 00For
Perpetual Americas Funds Trust130,7530 00For

Showing the 25 largest of 49 asset managers. All 49 are in the interactive database (link above).

3. ELECT DIRECTOR HUA (KATHY) CHEN

No official resultsDIRECTOR ELECTIONS

Meeting held June 25, 2026; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

99.3% of fund votes cast · no official result

FOR
Details: votes by 49 asset managers

The 49 asset managers below reported 87,020,187 for, 540,754 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 87,020,187AGAINST: 540,754
Largest asset managers voting on “ELECT DIRECTOR HUA (KATHY) CHEN” at GDS Holdings Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard23,511,1720 00For
BlackRock22,856,6640 00For
Invesco9,153,6030 00For
Fidelity8,803,4570 00For
Dimensional5,723,8050 00For
T. Rowe Price3,659,0000 00For
BARON SELECT FUNDS3,425,8570 00For
Cohen & Steers1,869,0000 00For
American Century1,472,6570 00For
Charles Schwab993,2180 00For
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)622,0000 00For
DRIEHAUS MUTUAL FUNDS619,2070 00For
Putnam0540,754 00Against
Goldman Sachs523,5880 00For
Russell Investments502,8000 00For
WisdomTree446,7950 00For
ALGER FUNDS398,4970 00For
Northern Trust293,5000 00For
Victory Capital237,1000 00For
Aberdeen218,7000 00For
Lincoln Financial195,4080 00For
TIAA181,9000 00For
FIRST EAGLE FUNDS155,2000 00For
Nationwide150,9000 00For
Perpetual Americas Funds Trust130,7530 00For

Showing the 25 largest of 49 asset managers. All 49 are in the interactive database (link above).

4. Election of Mr. David Zhang as a director of the Company.

No official resultsDIRECTOR ELECTIONS

Meeting held June 25, 2026; no official results are on file for this meeting.

99.9% of fund votes cast · no official result

FOR
Details: votes by 10 asset managers

The 10 asset managers below reported 649,350 for, 451 against, 21 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 649,350AGAINST: 451ABSTAIN: 21
Largest asset managers voting on “Election of Mr. David Zhang as a director of the Company.” at GDS Holdings Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Pacer Funds Trust202,7360 00For
Global X197,2700 00For
BlackRock91,4620 00For
Charles Schwab65,7000 00For
Tidal Trust II56,9120 00For
Saba Capital Income & Opportunities Fund13,197300 140For
TRUST FOR PROFESSIONAL MANAGERS10,4440 00For
Saba Capital Income & Opportunities Fund II6,626151 70For
Northern Lights Fund Trust IV4,7740 00For
John Hancock2280 00For

5. Re-election of Mr. Gary J. Wojtaszek as a director of the Company.

No official resultsDIRECTOR ELECTIONS

Meeting held June 25, 2026; no official results are on file for this meeting.

86% of fund votes cast · no official result

FORAGAINST
Details: votes by 10 asset managers

The 10 asset managers below reported 557,958 for, 91,843 against, 21 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 557,958AGAINST: 91,843ABSTAIN: 21
Largest asset managers voting on “Re-election of Mr. Gary J. Wojtaszek as a director of the Company.” at GDS Holdings Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Pacer Funds Trust202,7360 00For
Global X197,2700 00For
BlackRock091,462 00Against
Charles Schwab65,7000 00For
Tidal Trust II56,9120 00For
Saba Capital Income & Opportunities Fund13,244253 140For
TRUST FOR PROFESSIONAL MANAGERS10,4440 00For
Saba Capital Income & Opportunities Fund II6,650127 70For
Northern Lights Fund Trust IV4,7740 00For
John Hancock2280 00For

6. Re-election of Ms. Hua (Kathy) Chen as a director of the Company.

No official resultsDIRECTOR ELECTIONS

Meeting held June 25, 2026; no official results are on file for this meeting.

99.9% of fund votes cast · no official result

FOR
Details: votes by 10 asset managers

The 10 asset managers below reported 649,492 for, 309 against, 21 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 649,492AGAINST: 309ABSTAIN: 21
Largest asset managers voting on “Re-election of Ms. Hua (Kathy) Chen as a director of the Company.” at GDS Holdings Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Pacer Funds Trust202,7360 00For
Global X197,2700 00For
BlackRock91,4620 00For
Charles Schwab65,7000 00For
Tidal Trust II56,9120 00For
Saba Capital Income & Opportunities Fund13,292206 140For
TRUST FOR PROFESSIONAL MANAGERS10,4440 00For
Saba Capital Income & Opportunities Fund II6,674103 70For
Northern Lights Fund Trust IV4,7740 00For
John Hancock2280 00For

7. THAT MR. DAVID ZHANG BE ELECTED AS A DIRECTOR OF THE COMPANY

No official resultsDIRECTOR ELECTIONS

Meeting held June 25, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 5 asset managers

The 5 asset managers below reported 3,037,973 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 3,037,973
Largest asset managers voting on “THAT MR. DAVID ZHANG BE ELECTED AS A DIRECTOR OF THE COMPANY” at GDS Holdings Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock1,858,4000 00For
Krane Shares Trust723,2000 00For
John Hancock202,5900 00For
First Trust148,5830 00For
Jackson National105,2000 00For

8. THAT MR. GARY J. WOJTASZEK BE RE-ELECTED AS A DIRECTOR OF THE COMPANY

No official resultsDIRECTOR ELECTIONS

Meeting held June 25, 2026; no official results are on file for this meeting.

39% of fund votes cast · no official result

FORAGAINST
Details: votes by 5 asset managers

The 5 asset managers below reported 1,179,573 for, 1,858,400 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,179,573AGAINST: 1,858,400
Largest asset managers voting on “THAT MR. GARY J. WOJTASZEK BE RE-ELECTED AS A DIRECTOR OF THE COMPANY” at GDS Holdings Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock01,858,400 00Against
Krane Shares Trust723,2000 00For
John Hancock202,5900 00For
First Trust148,5830 00For
Jackson National105,2000 00For

9. THAT MS. HUA (KATHY) CHEN BE RE-ELECTED AS A DIRECTOR OF THE COMPANY

No official resultsDIRECTOR ELECTIONS

Meeting held June 25, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 5 asset managers

The 5 asset managers below reported 3,037,973 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 3,037,973
Largest asset managers voting on “THAT MS. HUA (KATHY) CHEN BE RE-ELECTED AS A DIRECTOR OF THE COMPANY” at GDS Holdings Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock1,858,4000 00For
Krane Shares Trust723,2000 00For
John Hancock202,5900 00For
First Trust148,5830 00For
Jackson National105,2000 00For

10. Amend Articles of Association to Increase Voting Power Attached to Class B Ordinary Shares Held by William Wei Huang

No official resultsCAPITAL STRUCTURE

Meeting held March 10, 2026; no official results are on file for this meeting.

34% of fund votes cast · no official result

FORAGAINST
Details: votes by 39 asset managers

The 39 asset managers below reported 25,677,031 for, 50,326,611 against, 106,300 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 25,677,031AGAINST: 50,326,611ABSTAIN: 106,300
Largest asset managers voting on “Amend Articles of Association to Increase Voting Power Attached to Class B Ordinary Shares Held by William Wei” at GDS Holdings Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock21,390,7640 00For
Vanguard019,325,583 00Against
Invesco5,68010,087,227 00Against
Fidelity08,387,533 00Against
Dimensional06,044,405 00Against
BARON SELECT FUNDS3,033,5630 00For
Cohen & Steers02,649,700 00Against
TIAA01,197,089 00Against
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)642,0000 00For
Victory Capital0481,600 00Against
WisdomTree0437,045 00Against
Putnam0347,447 00Against
ALGER FUNDS0300,387 00Against
Northern Trust0281,400 00Against
American Century186,1120 00For
Aberdeen173,3000 00For
Perpetual Americas Funds Trust0145,224 00Against
State Street0113,435 00Against
FIRST EAGLE FUNDS00 106,3000Abstain
DWS084,733 00Against
Franklin Templeton078,900 00Against
JPMorgan069,600 00Against
MASTER INVESTMENT PORTFOLIO67,6000 00For
Baron ETF Trust62,8650 00For
HC CAPITAL TRUST057,700 00Against

Showing the 25 largest of 39 asset managers. All 39 are in the interactive database (link above).

11. Authorization of each of the directors and officers of the Company to take any and every action that might be necessary…

No official resultsCORPORATE GOVERNANCE

Meeting held June 25, 2026; no official results are on file for this meeting.

26% of fund votes cast · no official result

FORAGAINST
Details: description as filed, votes by 10 asset managers

Description as filed by funds: 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.

The 10 asset managers below reported 171,765 for, 478,034 against, 23 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 171,765AGAINST: 478,034ABSTAIN: 23
Largest asset managers voting on “Authorization of each of the directors and officers of the Company to take any and every action that might be ” at GDS Holdings Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Pacer Funds Trust0202,736 00Against
Global X0197,270 00Against
BlackRock91,4620 00For
Charles Schwab065,700 00Against
Tidal Trust II56,9120 00For
Saba Capital Income & Opportunities Fund12,3941,102 150Mixed
TRUST FOR PROFESSIONAL MANAGERS010,444 00Against
Saba Capital Income & Opportunities Fund II6,223554 80Mixed
Northern Lights Fund Trust IV4,7740 00For
John Hancock0228 00Against

12. That each of the directors and officers of the company be authorized to take any and every action that might be…

No official resultsCORPORATE GOVERNANCE

Meeting held June 25, 2026; no official results are on file for this meeting.

71% of fund votes cast · no official result

FORAGAINST
Details: description as filed, votes by 5 asset managers

Description as filed by funds: THAT EACH OF THE DIRECTORS AND OFFICERS OF THE COMPANY BE AUTHORIZED TO TAKE ANY AND EVERY ACTION THAT MIGHT BE NECESSARY OR DESIRABLE TO EFFECT THE FOREGOING RESOLUTIONS AS SUCH DIRECTOR OR OFFICER, IN HIS OR HER ABSOLUTE DISCRETION, THINKS FIT

The 5 asset managers below reported 2,166,190 for, 871,783 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 2,166,190AGAINST: 871,783
Largest asset managers voting on “THAT EACH OF THE DIRECTORS AND OFFICERS OF THE COMPANY BE AUTHORIZED TO TAKE ANY AND EVERY ACTION THAT MIGHT B” at GDS Holdings Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock1,858,4000 00For
Krane Shares Trust0723,200 00Against
John Hancock202,5900 00For
First Trust0148,583 00Against
Jackson National105,2000 00For

13. Approve issuance of equity or equity-linked securities without preemptive rights

No official resultsCAPITAL STRUCTURE

Meeting held June 25, 2026; no official results are on file for this meeting.

2% of fund votes cast · no official result

AGAINST
Details: description as filed, votes by 47 asset managers

Description as filed by funds: APPROVE ISSUANCE OF EQUITY OR EQUITY-LINKED SECURITIES WITHOUT PREEMPTIVE RIGHTS

The 47 asset managers below reported 1,876,700 for, 84,188,223 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,876,700AGAINST: 84,188,223
Largest asset managers voting on “APPROVE ISSUANCE OF EQUITY OR EQUITY-LINKED SECURITIES WITHOUT PREEMPTIVE RIGHTS” at GDS Holdings Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard023,511,172 00Against
BlackRock022,856,664 00Against
Invesco09,153,603 00Against
Fidelity08,803,457 00Against
Dimensional05,723,805 00Against
T. Rowe Price03,659,000 00Against
BARON SELECT FUNDS03,425,857 00Against
Cohen & Steers1,869,0000 00For
American Century01,472,657 00Against
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)0622,000 00Against
DRIEHAUS MUTUAL FUNDS0619,207 00Against
Putnam0540,754 00Against
Goldman Sachs0523,588 00Against
WisdomTree0446,795 00Against
ALGER FUNDS0398,497 00Against
Northern Trust0293,500 00Against
Victory Capital0237,100 00Against
Aberdeen0218,700 00Against
Lincoln Financial0195,408 00Against
TIAA0181,900 00Against
FIRST EAGLE FUNDS0155,200 00Against
Nationwide0150,900 00Against
Perpetual Americas Funds Trust0130,753 00Against
State Street0128,465 00Against
Baron ETF Trust093,030 00Against

Showing the 25 largest of 47 asset managers. All 47 are in the interactive database (link above).

14. Authorization of the Board of Directors of the Company to approve allotment or issuance, in the 12-month period from…

No official resultsCAPITAL STRUCTURE

Meeting held June 25, 2026; no official results are on file for this meeting.

19% of fund votes cast · no official result

FORAGAINST
Details: description as filed, votes by 8 asset managers

Description as filed by funds: Authorization of the Board of Directors of the Company to approve allotment or issuance, in the 12-month period from the date of the Meeting, of ordinary shares or other equity or equity-linked securities of the Company up to an aggregate thirty per cent. (30 percent) 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 or warrants granted by the Company from time to time or any shares issued on the conversion by Ping An Insurance and by STT of the convertible and redeemable bonds due 2019 held by Ping An Insurance and STT respectively).

The 8 asset managers below reported 73,707 for, 313,122 against, 24 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 73,707AGAINST: 313,122ABSTAIN: 24
Largest asset managers voting on “Authorization of the Board of Directors of the Company to approve allotment or issuance, in the 12-month perio” at GDS Holdings Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Pacer Funds Trust0202,736 00Against
BlackRock091,462 00Against
Tidal Trust II56,9120 00For
Saba Capital Income & Opportunities Fund8,0035,493 160Mixed
TRUST FOR PROFESSIONAL MANAGERS010,444 00Against
Saba Capital Income & Opportunities Fund II4,0182,758 80Mixed
Northern Lights Fund Trust IV4,7740 00For
John Hancock0228 00Against

15. That the board of directors of the company be authorized to allot or issue, in the 12-MONTH period from the date of the…

No official resultsCAPITAL STRUCTURE

Meeting held June 25, 2026; no official results are on file for this meeting.

0% of fund votes cast · no official result

AGAINST
Details: description as filed, votes by 5 asset managers

Description as filed by funds: THAT THE BOARD OF DIRECTORS OF THE COMPANY BE AUTHORIZED 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 OR WARRANTS GRANTED BY THE COMPANY FROM TIME TO TIME OR ANY SHARES ISSUED ON THE CONVERSION BY PING AN INSURANCE AND BY STT OF THE CONVERTIBLE AND REDEEMABLE BONDS DUE 2019 HELD BY PING AN INSURANCE AND STT RESPECTIVELY)

The 5 asset managers below reported 3,037,973 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

AGAINST: 3,037,973
Largest asset managers voting on “THAT THE BOARD OF DIRECTORS OF THE COMPANY BE AUTHORIZED TO ALLOT OR ISSUE, IN THE 12-MONTH PERIOD FROM THE DA” at GDS Holdings Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock01,858,400 00Against
Krane Shares Trust0723,200 00Against
John Hancock0202,590 00Against
First Trust0148,583 00Against
Jackson National0105,200 00Against

16. Authority to Issue Shares w/o Preemptive Rights

No official resultsCAPITAL STRUCTURE

Meeting held June 25, 2026; no official results are on file for this meeting.

0% of fund votes cast · no official result

AGAINST
Details: votes by 2 asset managers

The 2 asset managers below reported 1,496,018 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

AGAINST: 1,496,018
Largest asset managers voting on “Authority to Issue Shares w/o Preemptive Rights” at GDS Holdings Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab0993,218 00Against
Russell Investments0502,800 00Against

17. Authorization of the Board of Directors of the Company to approve allotment or issuance, in the 12-month period from…

No official resultsCAPITAL STRUCTURE

Meeting held June 25, 2026; no official results are on file for this meeting.

0% of fund votes cast · no official result

AGAINST
Details: description as filed, votes by 2 asset managers

Description as filed by funds: Authorization of the Board of Directors of the Company to approve allotment or issuance, in the 12-month period from the date of the Meeting, of 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 or warrants granted by the Company from time to time or any shares issued on the conversion by Ping An Insurance and by STT of the convertible and redeemable bonds due 2019 held by Ping An Insurance and STT respectively).

The 2 asset managers below reported 262,970 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

AGAINST: 262,970
Largest asset managers voting on “Authorization of the Board of Directors of the Company to approve allotment or issuance, in the 12-month perio” at GDS Holdings Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Global X0197,270 00Against
Charles Schwab065,700 00Against

18. Authorize board to ratify and execute approved resolutions

No official resultsCORPORATE GOVERNANCE

Meeting held June 25, 2026; no official results are on file for this meeting.

89% of fund votes cast · no official result

FOR
Details: description as filed, votes by 47 asset managers

Description as filed by funds: AUTHORIZE BOARD TO RATIFY AND EXECUTE APPROVED RESOLUTIONS

The 47 asset managers below reported 76,897,808 for, 9,167,115 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 76,897,808AGAINST: 9,167,115
Largest asset managers voting on “AUTHORIZE BOARD TO RATIFY AND EXECUTE APPROVED RESOLUTIONS” at GDS Holdings Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard23,511,1720 00For
BlackRock22,856,6640 00For
Invesco09,153,603 00Against
Fidelity8,803,4570 00For
Dimensional5,723,8050 00For
T. Rowe Price3,659,0000 00For
BARON SELECT FUNDS3,425,8570 00For
Cohen & Steers1,869,0000 00For
American Century1,472,6570 00For
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)622,0000 00For
DRIEHAUS MUTUAL FUNDS619,2070 00For
Putnam540,7540 00For
Goldman Sachs523,5880 00For
WisdomTree446,7950 00For
ALGER FUNDS398,4970 00For
Northern Trust293,5000 00For
Victory Capital237,1000 00For
Aberdeen218,7000 00For
Lincoln Financial195,4080 00For
TIAA181,9000 00For
FIRST EAGLE FUNDS155,2000 00For
Nationwide150,9000 00For
Perpetual Americas Funds Trust130,7530 00For
State Street128,4650 00For
Baron ETF Trust93,0300 00For

Showing the 25 largest of 47 asset managers. All 47 are in the interactive database (link above).

19. Approval of the amendments of the rights attached to the Class B ordinary shares of the Company to increase the voting…

No official resultsCAPITAL STRUCTURE

Meeting held March 10, 2026; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

73% of fund votes cast · no official result

FORAGAINST
Details: description as filed, votes by 17 asset managers

Description as filed by funds: Approval of the amendments of 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, specified in certain articles of the Company's Articles of Association to reflect such amendments as detailed in the proxy statement and as set forth in Exhibit A hereto, a copy of which Articles of Association has been produced to the Meeting marked "A" and for identification purpose signed by the chairman of the Meeting (the "New Articles"), 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 the Meeting.

The 17 asset managers below reported 21,832,366 for, 8,047,823 against, 402 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 21,832,366AGAINST: 8,047,823ABSTAIN: 402
Largest asset managers voting on “Approval of the amendments of the rights attached to the Class B ordinary shares of the Company to increase th” at GDS Holdings Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock21,390,7644,467,107 00Mixed
Russell Investments01,090,600 00Against
Charles Schwab01,058,170 00Against
Krane Shares Trust0773,900 00Against
Brookfield Investment Funds310,5620 00For
Global X0269,008 00Against
John Hancock0184,216 00Against
MASTER INVESTMENT PORTFOLIO67,60067,600 00Mixed
Jackson National090,200 00Against
Saba Capital Income & Opportunities Fund29,37412,702 2680Mixed
Saba Capital Income & Opportunities Fund II14,7486,377 1340Mixed
Venerable Variable Insurance Trust017,400 00Against
EA Series Trust13,6800 00For
Pacer Funds Trust09,911 00Against
Northern Lights Fund Trust IV5,1800 00For
TRUST FOR PROFESSIONAL MANAGERS0631 00Against
Tidal Trust I4580 00For

20. Authorization of Legal Formalities

No official resultsCORPORATE GOVERNANCE

Meeting held June 25, 2026; no official results are on file for this meeting.

0% of fund votes cast · no official result

AGAINST
Details: votes by 2 asset managers

The 2 asset managers below reported 1,496,018 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

AGAINST: 1,496,018
Largest asset managers voting on “Authorization of Legal Formalities” at GDS Holdings Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab0993,218 00Against
Russell Investments0502,800 00Against

21. Amend omnibus stock plan

Meeting held June 25, 2026; no official results are on file for this meeting.

28% of fund votes cast · no official result

FORAGAINST
Details: description as filed, votes by 47 asset managers

Description as filed by funds: AMEND OMNIBUS STOCK PLAN

The 47 asset managers below reported 23,693,593 for, 62,371,330 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 23,693,593AGAINST: 62,371,330
Largest asset managers voting on “AMEND OMNIBUS STOCK PLAN” at GDS Holdings Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard23,511,1720 00For
BlackRock022,856,664 00Against
Invesco09,153,603 00Against
Fidelity08,803,457 00Against
Dimensional05,723,805 00Against
T. Rowe Price03,659,000 00Against
BARON SELECT FUNDS03,425,857 00Against
Cohen & Steers01,869,000 00Against
American Century01,472,657 00Against
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)0622,000 00Against
DRIEHAUS MUTUAL FUNDS0619,207 00Against
Putnam0540,754 00Against
Goldman Sachs0523,588 00Against
WisdomTree0446,795 00Against
ALGER FUNDS0398,497 00Against
Northern Trust0293,500 00Against
Victory Capital0237,100 00Against
Aberdeen0218,700 00Against
Lincoln Financial23,900171,508 00Mixed
TIAA0181,900 00Against
FIRST EAGLE FUNDS0155,200 00Against
Nationwide0150,900 00Against
Perpetual Americas Funds Trust0130,753 00Against
State Street128,4650 00For
Baron ETF Trust093,030 00Against

Showing the 25 largest of 47 asset managers. All 47 are in the interactive database (link above).

22. Extension of the effectiveness of the Company's 2016 Equity Incentive Plan for a period of three (3) years.

Meeting held June 25, 2026; no official results are on file for this meeting.

44% of fund votes cast · no official result

FORAGAINST
Details: votes by 11 asset managers

The 11 asset managers below reported 287,703 for, 362,103 against, 22 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 287,703AGAINST: 362,103ABSTAIN: 22
Largest asset managers voting on “Extension of the effectiveness of the Company's 2016 Equity Incentive Plan for a period of three (3) years.” at GDS Holdings Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Pacer Funds Trust202,7360 00For
Global X0197,270 00Against
BlackRock091,462 00Against
Charles Schwab065,700 00Against
Tidal Trust II56,9120 00For
Saba Capital Income & Opportunities Fund8,5424,955 150Mixed
TRUST FOR PROFESSIONAL MANAGERS10,4440 00For
Saba Capital Income & Opportunities Fund II4,2892,488 70Mixed
Northern Lights Fund Trust IV4,7740 00For
John Hancock0228 00Against
IMA Advisory Services, Inc.60 00For

23. That the effectiveness of the companys 2016 equity incentive plan be extended for a period of three (3) years

Meeting held June 25, 2026; no official results are on file for this meeting.

6% of fund votes cast · no official result

AGAINST
Details: description as filed, votes by 5 asset managers

Description as filed by funds: THAT THE EFFECTIVENESS OF THE COMPANYS 2016 EQUITY INCENTIVE PLAN BE EXTENDED FOR A PERIOD OF THREE (3) YEARS

The 5 asset managers below reported 185,883 for, 2,852,090 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 185,883AGAINST: 2,852,090
Largest asset managers voting on “THAT THE EFFECTIVENESS OF THE COMPANYS 2016 EQUITY INCENTIVE PLAN BE EXTENDED FOR A PERIOD OF THREE (3) YEARS” at GDS Holdings Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock01,858,400 00Against
Krane Shares Trust0723,200 00Against
John Hancock37,300165,290 00Mixed
First Trust148,5830 00For
Jackson National0105,200 00Against

24. Amendment to the 2016 Equity Incentive Plan

Meeting held June 25, 2026; no official results are on file for this meeting.

0% of fund votes cast · no official result

AGAINST
Details: votes by 2 asset managers

The 2 asset managers below reported 1,496,018 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

AGAINST: 1,496,018
Largest asset managers voting on “Amendment to the 2016 Equity Incentive Plan” at GDS Holdings Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab0993,218 00Against
Russell Investments0502,800 00Against

25. Ratify KPMG huazhen LLP as auditors

No official resultsAUDIT-RELATED

Meeting held June 25, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 47 asset managers

Description as filed by funds: RATIFY KPMG HUAZHEN LLP AS AUDITORS

The 47 asset managers below reported 86,064,923 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 86,064,923
Largest asset managers voting on “RATIFY KPMG HUAZHEN LLP AS AUDITORS” at GDS Holdings Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard23,511,1720 00For
BlackRock22,856,6640 00For
Invesco9,153,6030 00For
Fidelity8,803,4570 00For
Dimensional5,723,8050 00For
T. Rowe Price3,659,0000 00For
BARON SELECT FUNDS3,425,8570 00For
Cohen & Steers1,869,0000 00For
American Century1,472,6570 00For
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)622,0000 00For
DRIEHAUS MUTUAL FUNDS619,2070 00For
Putnam540,7540 00For
Goldman Sachs523,5880 00For
WisdomTree446,7950 00For
ALGER FUNDS398,4970 00For
Northern Trust293,5000 00For
Victory Capital237,1000 00For
Aberdeen218,7000 00For
Lincoln Financial195,4080 00For
TIAA181,9000 00For
FIRST EAGLE FUNDS155,2000 00For
Nationwide150,9000 00For
Perpetual Americas Funds Trust130,7530 00For
State Street128,4650 00For
Baron ETF Trust93,0300 00For

Showing the 25 largest of 47 asset managers. All 47 are in the interactive database (link above).

26. Confirmation of the appointment of KPMG Huazhen LLP as independent auditor of the Company for the fiscal year ending…

No official resultsAUDIT-RELATED

Meeting held June 25, 2026; no official results are on file for this meeting.

99.9% of fund votes cast · no official result

FOR
Details: description as filed, votes by 10 asset managers

Description as filed by funds: Confirmation of the appointment of KPMG Huazhen LLP as independent auditor of the Company for the fiscal year ending December 31, 2026.

The 10 asset managers below reported 649,542 for, 258 against, 21 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 649,542AGAINST: 258ABSTAIN: 21
Largest asset managers voting on “Confirmation of the appointment of KPMG Huazhen LLP as independent auditor of the Company for the fiscal year ” at GDS Holdings Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Pacer Funds Trust202,7360 00For
Global X197,2700 00For
BlackRock91,4620 00For
Charles Schwab65,7000 00For
Tidal Trust II56,9120 00For
Saba Capital Income & Opportunities Fund13,326172 140For
TRUST FOR PROFESSIONAL MANAGERS10,4440 00For
Saba Capital Income & Opportunities Fund II6,69186 70For
Northern Lights Fund Trust IV4,7740 00For
John Hancock2280 00For

27. That the appointment of KPMG huazhen LLP as independent auditor of the company for the fiscal year ending December 31…

No official resultsAUDIT-RELATED

Meeting held June 25, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 5 asset managers

Description as filed by funds: THAT THE APPOINTMENT OF KPMG HUAZHEN LLP AS INDEPENDENT AUDITOR OF THE COMPANY FOR THE FISCAL YEAR ENDING DECEMBER 31, 2026 BE CONFIRMED;

The 5 asset managers below reported 3,037,973 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 3,037,973
Largest asset managers voting on “THAT THE APPOINTMENT OF KPMG HUAZHEN LLP AS INDEPENDENT AUDITOR OF THE COMPANY FOR THE FISCAL YEAR ENDING DECE” at GDS Holdings Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock1,858,4000 00For
Krane Shares Trust723,2000 00For
John Hancock202,5900 00For
First Trust148,5830 00For
Jackson National105,2000 00For

28. Appointment of Auditor

No official resultsAUDIT-RELATED

Meeting held June 25, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 2 asset managers

The 2 asset managers below reported 1,496,018 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,496,018
Largest asset managers voting on “Appointment of Auditor” at GDS Holdings Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab993,2180 00For
Russell Investments502,8000 00For

Largest GDS Holdings Limited shareholders voting in 2025-2026

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 1,520,535,019 shares outstanding at the time of that meeting.

Fund voting reports: top GDS Holdings Limited shareholders by shares voted on “ELECT DIRECTOR DAVID ZHANG”, 2025-2026
#Asset manager % of shares outstanding
1Vanguard 1.55%
2BlackRock 1.50%
3Invesco 0.60%
4Fidelity 0.58%
5Dimensional 0.38%
6T. Rowe Price 0.24%
7BARON SELECT FUNDS 0.23%
8Cohen & Steers 0.12%
9American Century 0.10%
10Charles Schwab 0.07%
Institutional-manager reports: top GDS Holdings Limited shareholders by shares voted on “Extension of the effectiveness of the Company's 2016 Equity Incentive Plan for a period of…”, 2025-2026
#Asset manager % of shares outstanding
1IMA Advisory Services, Inc. <0.01%

Reported GDS Holdings Limited holdings and ownership

As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.

GDS Holdings Limited holdings and ownership disclosed for the 2025-2026 proxy season
Holder % outstanding Disclosure
GIC Private Limited 8.32% 13G

Percentages above are of 1,520,535,019 shares outstanding, as reported by GDS Holdings Limited on its Form 20-F dated December 31, 2025 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

Related

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from GDS Holdings Limited’s 20-F dated December 31, 2025. This page is a static snapshot rebuilt weekly on November 8, 2026; a live search always shows the current data.

GDS Holdings Limited proxy season coverage: 2025-2026 (this page).

Cite this page

proxyvotesnow.com, “GDS Holdings (GDS) 2026 Shareholder Meetings: Shareholder Vote Results”, https://proxyvotesnow.com/company/gds-holdings-limited/2026 (version of November 9, 2026). Derived from SEC Form N-PX and Form 8-K filings; tables licensed CC BY 4.0. Licence: CC BY 4.0.