Chindata provides update on status under HFCAA

Chindata Group Holdings announced that the Company is aware of the fact that it was provisionally named by the United States Securities and Exchange Commission as a Commission-Identified Issuer under the Holding Foreign Companies Accountable Act of the United States on May 4th, 2022, following the Company's filing of the annual report on Form 20-F for the fiscal year ended December 31, 2021 with the SEC on April 29, 2022. The Company understands that the SEC made such identification pursuant to the HFCAA and its implementation rules issued thereunder. This indicates that the SEC has determined the Company used a registered public accounting firm, whose working paper cannot be inspected or investigated completely by the Public Company Accounting Oversight Board of the United States to issue the audit opinion for the Company's financial statements for the fiscal year ended December 31, 2021. In accordance with the HFCAA, the SEC shall prohibit a company's shares or American depositary shares from being traded on a national stock exchange or in the over-the-counter trading market in the United States if the company has been identified by the SEC for three consecutive years due to PCAOB's inability to inspect the auditor's working paper. The Company will continue to monitor market developments and actively explore all strategic options to protect the interests of its stakeholders.