Change to Board of Directors

Change to Board of Directors

Release date: 11.05.2020

London, 11 May 2020 - Global Switch Holdings Limited ("Global Switch" or "the Company"), a leading owner, operator and developer of large-scale, carrier and cloud neutral multi-customer data centres in Europe and Asia-Pacific, announces that Li Peng, Vice President of Avic Trust Co., Ltd has been appointed with immediate effect to the Board of Directors of Global Switch as a Non-Executive Director.

Mr Li Peng has been nominated to the Board by Elegant Jubilee Limited, the Company’s 51% shareholder. Avic Trust, which was co-founded by AVIC and OCBC Bank of Singapore, is a leading investment trust company and fund manager in China with assets under management of over RMB 600 billion. Funds managed by Avic Trust are Global Switch’s second largest shareholder on a look-through basis, with an aggregate 10.84% stake in the Company.

Li Peng joined Jiangxi Jiangnan Trust (the predecessor of Avic Trust) in 1998. He has more than twenty years of experience in research and trust management and has participated in and led a number of major investment projects and other transactions for Avic Trust. Li Peng graduated from Jiangxi University of Finance and Economics with a Bachelor of Portfolio Management in 1997 and an MBA degree in 2012.

The Board of Directors would like to warmly welcome Li Peng to the Board and look forward to his participation and contribution as the Company continues to evolve and expand.

Contact details:

Jenny Davey
+44 20 7251 3801

Ali Ballantine
Group Director, Marketing & Communications
Global Switch
+44 20 8054 9053

General enquiries:

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Notes to editors:

About Global Switch
Global Switch is a leading owner, operator and developer of large-scale, carrier and cloud neutral, multi-customer data centres in Europe and Asia-Pacific. Founded in 1998, Global Switch has a proven business model, demonstrable track record and is one of the highest credit rated data centre companies in the world with investment grade credit ratings from Fitch, Moody’s and Standard & Poor’s. Global Switch is a vital and strategic partner for customers that require secure and resilient data centre services with scalable capacity and a high level customer service. The Company's focus is on highly resilient, central, low latency, network dense locations in prime city centre locations and internet hubs close to its customers on the edge of financial and business districts. Global Switch’s data centres operate exclusively in the Tier I markets of Europe and Asia-Pacific to Tier III or higher and currently total around 390,000 sqm (4,200,000 sq ft) of floor space and are occupied by a broad range of customers, global and national, large and small including government organisations, financial institutions, enterprises, global systems integrators, telecommunication carriers, cloud and managed service providers and other hosting businesses.

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