Company: GDHLF
Filing Date: 2025-05-27
Form Type: 424B5
Source: 0001104659-25-053057
Chunk: 114

Company: GDS Holdings Ltd
Filing Date: 2025-05-27
Form: 424B5
Chunk 114
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 may be deemed to be beneficially owned by the lock-up party in accordance with the rules and regulations of the U.S. Securities and Exchange Commission and securities which may be issued upon exercise of a stock option or warrant), or publicly disclose the intention to make any offer, sale, pledge or disposition, (2) enter into any swap, hedge or other agreement that transfers, in whole or in part, any of the economic consequences of ownership of the ADSs or ordinary shares or such other securities, or publicly disclose the intention to enter into any such swap or other agreement, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of ADSs or ordinary shares or such other securities, in cash or otherwise or (3) make any demand for or exercise any right with respect to the registration of any ADSs or ordinary shares or any security convertible into or exercisable or exchangeable for ADSs or ordinary shares. The restrictions described in the immediately preceding paragraph do not apply to, among other items:

(a)

transactions relating to the Lock Up Shares acquired in open market transactions after the completion of the Public Offering, provided that no filing under Section 16(a) of the U.S. Exchange Act, shall be required or shall be voluntarily made in connection with subsequent sales of Lock-Up Shares acquired in such open market transactions,

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(b)

for natural persons, transfers of Lock-Up Shares to a family member, or to a trust or entity beneficially owned or controlled by or formed for the benefit of the undersigned and/or a family member,

(c)

for institutions, transfers of Lock-Up Shares to an “affiliate,” as such term is defined in the Securities Act,

(d)

the exercise of any of the lock-up party’s rights to acquire ordinary shares upon the exercise or vesting, as the case may be, of equity awards that were granted under the our outstanding equity incentive plans,

(e)

Lock-Up Shares sold or tendered to us by the lock-up party or withheld by us for tax withholding purposes in connection with the exercise or vesting of equity awards that are subject to a taxable event upon exercise or vesting,

(f)

transfers of the Lock-Up Shares as a bona fide gift or gifts, or through will or intestacy, and

(g)

distributions of the Lock Up Shares to members or stockholders of the lockup party, and for partnerships or venture capital funds to another partnership or fund that controls,