BEIJING, Dec. 3, 2021 /PRNewswire/ -- Chindata Group
Holdings Limited ("Chindata Group" or the "Company") (Nasdaq: CD),
a leading carrier-neutral hyperscale data center solution provider
in Asia-Pacific emerging markets,
today announced its Chief Executive Officer ("CEO"), Mr.
Jing Ju, effective immediately,
would no longer serve in the CEO position, or member of the
Company's Compensation Committee and the Corporate Governance and
Nominating Committee. After this change, each of the Compensation
Committee and the Nominating and Corporate Governance Committee
will now have two members.
The Board of Directors thanks Mr. Ju for his contributions and
dedication to the Company. Chindata Group remains committed to
providing innovative, industry-leading data center solutions, and
contributing to the important infrastructure of the data center
economy in China and other
emerging markets in the Asia-Pacific region.
Mr. Fei Xu will serve as the
interim CEO, while the search for a permanent CEO will commence
immediately. Mr. Xu is currently an Executive Vice President and a
member of the Portfolio Group for Bain Capital Private Equity, with
extensive experience with Industrial and TMT sectors in developing
China growth strategy as well as
managing post-merger integrations.
About Chindata Group
Chindata Group is a leading carrier-neutral hyperscale data
center solution provider in Asia-Pacific emerging markets and a first
mover in building next-generation hyperscale data centers in
China, India and Southeast
Asia markets, focusing on the whole life cycle of facility
planning, investment, design, construction and operation of
ecosystem infrastructure in the IT industry. Chindata Group
provides its clients with business solutions in major countries and
regions in Asia-Pacific emerging
markets, including asset-heavy ecosystem chain services such as
industrial bases, data centers, network and IT value-added
services.
Chindata Group operates two sub-brands: "Chindata" and "Bridge
Data Centres". Chindata operates hyper-density IT cluster
infrastructure in the Greater Beijing
Area, the Yangtze River Delta Area and the Greater Bay Area,
the three key economic areas in China, and has become the engine of the
regional digital economies. Bridge Data Centres, with its top
international development and operation talents in the industry,
owns fast deployable data center clusters in Malaysia and India, and seeks business opportunities in
other Asia-Pacific emerging
markets.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "aims," "future," "intends,"
"plans," "believes," "estimates," "confident," "potential,"
"continue" or other similar expressions. Among other things, the
business outlook and quotations from management in this
announcement, as well as Chindata Group's strategic and operational
plans, contain forward-looking statements. Chindata Group may also
make written or oral forward-looking statements in its periodic
reports to the U.S. Securities and Exchange Commission (the "SEC"),
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
Chindata Group's beliefs and expectations, 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: Chindata
Group's goals and strategies; 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 obtain additional capital to meet
its future capital needs; its ability to maintain competitive
advantages; its ability to keep and strengthen its relationships
with major clients and 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 Chindata Group's business or industry; general economic
and business conditions in the regions where Chindata Group
operates and globally and assumptions underlying or related to any
of the foregoing. Further information regarding these and other
risks is included in Chindata Group's filings 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
undertakes no obligation to update any forward-looking statement,
except as required under applicable law.
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SOURCE Chindata Group