Chindata Group (CD) Announces Change of CEO

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Chindata Group Holdings Limited (“Chindata Group” or the “Company”) (Nasdaq: CD), a leading provider of carrier-neutral hyperscale data center solutions in emerging markets in Asia- Pacific, today announced that the Board of Directors of the Company has appointed Mr. Huapeng Wu to serve as Director and Chief Executive Officer (“CEO”) of the Company, effective immediately.

The board notes, “After an extensive search process, the board has decided to appoint Mr. Huapeng Wu as the new CEO of Chindata Group. Huapeng is currently president of Chindata China, and his performance over the past three years has been quite remarkable. He brought a series of strategic clients and projects and successfully established strong relationships with local government and our partners in the data center ecosystem. He is the best candidate as the group’s new CEO because no one else has better strategic thinking, industry resources, or a better understanding of the business and the team than him.

Jonathan Zhu, Director and Chairman of the Nominating Committee of Chindata Group and Managing Director of Bain Capital, noted, “We are delighted to have Huapeng as our new CEO. Huapeng has extensive experience and contacts in the data center ecosystem as well as the broader technology landscape. We believe that under his leadership, Chindata Group’s business will be more diversified, its culture will be more open, its foundation will be stronger, so that Chindata Group can consolidate its position as the leading data center platform in the countries. emerging in Asia-Pacific. markets”.

Since joining Chindata Group in 2019 as President of China Business of Chindata, Mr. Wu has been instrumental in diversifying our customers and acquiring strategic resources, helping to achieve strong operating results. With over 20 years of experience and contacts in the technology and data center industries in China, Mr. Wu has helped Chindata Group build a strong network of partnerships with our customers, telecom partners and various government agencies.

Prior to joining Chindata Group, Mr. Wu was the Founder of iTechClub and the Founder and Director of 1024 Academy, which are the main platforms that have brought together top tech executives for training and idea exchange. From 2007 to 2013, Mr. Wu also served as Vice President of Phoenix New Media and CTO of Mr. Wu earned bachelor’s and master’s degrees in precision instruments and mechanics from Tsinghua University.

Mr. Huapeng Wu expressed his gratitude for the board’s recognition and trust. As Mr. Wu quoted, “Chindata believes in providing its customers with superior services, providing employees with better opportunities, and creating more long-term value for our shareholders.”

Under the leadership of our new CEO, Mr. Huapeng Wu, Chindata Group will continue to focus on its core IDC business, in areas such as key computing nodes (as part of China’s new “East Data West Computing” initiatives) , overseas business development and renewable energy development. Chindata Group will place more emphasis on customer needs by continuously improving products and solutions, and will strengthen its position as a leading hyperscale data center in Asia.

Jack L. Goldstein