Company: GDHLF
Filing Date: 2025-05-29
Form Type: 424B5
Source: 0001104659-25-053912
Chunk: 56

Company: GDS Holdings Ltd
Filing Date: 2025-05-29
Form: 424B5
Chunk 56
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 foreign investment enterprises;

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foreign exchange;

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taxes, duties and fees;

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customs;

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land planning and land use rights;

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energy conservation and emission reduction;

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cybersecurity and information protection laws and regulations, including the Cybersecurity Law of the People’s Republic of China , or the Cybersecurity Law, the Data Security Law of the People’s Republic of China , or the Data Security Law, and the Administrative Measures for the Graded Protection of Information Security; and

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artificial intelligence laws and regulations.

The liabilities, costs, obligations and requirements associated with these laws and regulations may be material, may delay the commencement of operations at our new data centers or cause interruptions to our operations. Failure to comply with the relevant laws and regulations in our operations may result in various penalties, including, among others the suspension of our operations and thus adversely and materially affect our business, prospects, financial condition and results of operations. While we have endeavored to comply with the relevant laws and regulations in the development and operation of our data centers, we may incur additional costs in order to fulfill such requirements, and we cannot assure you that we have complied with, or will comply with the requirements of all relevant laws and regulations (including obtaining of all relevant approvals required for the development and operation of data centers). Additionally, there can be no assurance that currently applicable laws or regulations will remain unchanged or no new laws or regulations will be imposed. For example, see “Item 4. Information on the Company — B. Business Overview — Regulatory Matters Related to Our Business — People’s Republic of China Regulations — Regulations Related to Information Technology Outsourcing Services Provided to Banking Financial Institutions” in our 2024 Annual Report for information regarding regulations of banking and financial institutions that outsource their data center services to us, and “— Regulations Related to Land Use Rights and Construction” in our 2024 Annual Report for information regarding restrictions on the new construction or expansion of data centers within the boundaries of the Beijing municipality. We cannot assure you that we will comply with the requirements of all new laws and regulations. For example, the PRC Civil Code, which was passed on May 28, 2020 by the National People’s Congress and became effective in January 2021, replaces among other laws, the General Provisions of the PRC Civil Law, the PRC Marriage Law, the PRC Guarantee Law, the PRC Contract Law, the PRC Property Law and the P