GDS Holdings Limited announced a change in its American Depositary Shares (ADS) custodian bank. JPMorgan Chase Bank, N.A., the current depositary for GDS's ADSs, will transition to HSBC Hong Kong as the new custodian, effective August 12, 2024.Due to this transition, from August 5 to August 12, 2024, the company will be unable to facilitate conversions between ADSs and ordinary shares registered on both the Cayman Islands and Hong Kong share registrars. However, this change will not affect the trading of GDS securities on The Nasdaq Global Market or the Hong Kong Stock Exchange during the migration period.GDS Holdings, a company with a weighted voting rights structure, is listed on both Nasdaq (symbol: GDS) and the Hong Kong Stock Exchange (stock code: 9698). The announcement reminds investors of the potential risks associated with investing in a company with such a structure, particularly regarding the significant influence of the WVR beneficiary on shareholders' resolutions.

GDS Holdings Limited announced a change in its American Depositary Shares (ADS) custodian bank. JPMorgan Chase Bank, N.A., the current depositary for GDS's ADSs, will transition to HSBC Hong Kong as the new custodian, effective August 12, 2024.Due to this transition, from August 5 to August 12, 2024, the company will be unable to facilitate conversions between ADSs and ordinary shares registered on both the Cayman Islands and Hong Kong share registrars. However, this change will not affect the trading of GDS securities on The Nasdaq Global Market or the Hong Kong Stock Exchange during the migration period.GDS Holdings, a company with a weighted voting rights structure, is listed on both Nasdaq (symbol: GDS) and the Hong Kong Stock Exchange (stock code: 9698). The announcement reminds investors of the potential risks associated with investing in a company with such a structure, particularly regarding the significant influence of the WVR beneficiary on shareholders' resolutions.