Chindata: Announces a Change of Management – Form 6-K
The Chindata group announces a change of management
BEIJING, December 3, 2021 – Chindata Group Holdings Limited (“Chindata Group” or the “Company”) (Nasdaq: CD), a leading provider of carrier neutral hyperscale data center solutions on Asia-Pacific Emerging Markets, Chief Executive Officer (âCEOâ) Mr. Jing Ju announced today. compensation of the company and of the corporate governance and nomination committee. Following this change, the Remuneration Committee and the Appointments and Corporate Governance Committee will now each have two members.
The Board of Directors thanks Mr. Ju for his contribution and dedication to the Company. Chindata Group remains committed to providing innovative and industry-leading data center solutions, and contributing to the important infrastructure of the data center economy in China and other emerging markets in the region. Asia Pacific.
Mr. Fei Xu will take on the role of interim CEO, while the search for a permanent CEO will begin immediately. Mr. Xu is currently Executive Vice President and Portfolio Group Member of Bain Capital Private Equity, with extensive industry and TMT experience in developing China’s growth strategy as well as managing post-merger integrations. .
About the Chindata group
Chindata Group is a leading provider of operator neutral hyperscale data center solutions in emerging Asia-Pacific markets and a pioneer in building next generation hyperscale data centers in the markets from China, India and Southeast Asia, focusing on the entire life cycle of facilities planning, investment, design, construction and operation of ecosystem infrastructures in the computer industry. Chindata Group provides business solutions to its customers in key countries and regions of Asia-Pacific emerging markets, including heavy asset ecosystem chain services such as industrial bases, data centers, networks and services value-added computing.
Chindata Group operates two sub-brands: âChindataâ and âBridge Data Centersâ. Chindata operates a hyper-density IT cluster infrastructure in the Greater Beijing region, the Yangtze River Delta region and the Great Bay region, the three key economic zones of China, and has become the engine of regional digital economies. Bridge Data Centers, with its top international industry development and operations talent, has rapidly deploying data center clusters in Malaysia and India, and seeks business opportunities in other emerging Asia-Pacific markets. .
Safe Harbor Declaration
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as “will”, “expect”, “anticipate” “,” Goals “,” future “,” intention “,” plans “,” believe “,” esteem “,” confidence “,” potential “,” continue “or other similar expressions. Among other things, the business outlook and management quotes in this announcement, as well as the strategic and operational plans of Chindata Group, contain forward-looking statements. Chindata Group may also make written or oral forward-looking statements in its periodic reports to the United States Securities and Exchange Commission (the âSECâ), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including, but not limited to, statements about the beliefs and expectations of the Chindata Group, are forward-looking statements.
Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including, but not limited to, the following: the objectives and strategies of Chindata Group; its future business development, financial condition and results of operations; the expected growth and competition of the data center and IT market; its ability to generate sufficient capital or to raise additional capital to meet future capital needs; its ability to maintain competitive advantages; its ability to maintain and strengthen its relationships with its major clients and to attract new clients; its ability to locate and secure suitable sites for additional data centers on commercially acceptable terms; government policies and regulations relating to the business or industry of Chindata Group; the general economic and commercial conditions in the regions where Chindata Group operates and in the world and the assumptions underlying or related to any of the aforementioned elements. Further information regarding these and other risks is included in documents filed by Chindata Group with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Chindata Group assumes no obligation to update any forward-looking statement, except as required by applicable law.
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Chindata IR Team
Mr. Dongning Wang