Chindata Group Holdings Limited announced it has removed Mr. Jing Ju as director of the Company, effective as of December 13, 2022. The removal of Mr. Ju as director followed the conclusion of an investigation conducted by the Company's outside advisors. Based on the findings of the investigation, the Company's board of directors (the “Board”) determined Mr. Ju to be in material breach of his non-competition and non-solicitation obligations under the Company's shareholders agreement entered into on August 18, 2020 and the transition agreement with Mr. Jing Ju, Abiding Joy Limited, a special purpose vehicle beneficially owned by Mr. Jing Ju, and certain other parties entered into on January 11, 2022.

The Board also considered a number of other factors in its determination to remove Mr. Ju.