Company: GDHLF
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001410578-25-000935
Chunk: 328

Company: GDS Holdings Ltd
Filing Date: 2025-04-28
Form: 20-F
Item: Item 6
Chunk 328
---
, 21,918,552 and 19,076,032 non-vested restricted shares to employees, officers and directors, respectively. The restricted share awards were granted subject to service and market conditions, or service and performance conditions, which are tied to our financial performance.

In January, September and October 2022, we issued a total of 460,272 restricted shares to directors pursuant to equity awards under the 2016 share incentive plan. In January, May, July and October, 2023, we issued a total of 1,035,704 restricted shares to directors pursuant to equity awards under the 2016 share incentive plan. In January, September and December, 2024, we issued a total of 1,839,320 restricted shares to directors pursuant to equity awards under the 2016 share incentive plan. These restricted shares were fully vested upon the date of grant and were granted to our directors in lieu of cash to settle a portion of remuneration for their services previously rendered.

In 2024, we also granted 1,331,192 fully vested restricted shares to employees, officers and directors as compensation for the services rendered.

Table of Contents

The table below summarizes, as of March 31, 2025, the restricted shares we have granted to our directors and executive officers:

  Name                    Position                                                                  Grant Date                                                                                                                                               
  William Wei Huang       Chairman and chief executive officer                                      August 1, 2022, August 1, 2023 and August 1, 2024.                                                                                                       
  Daniel Newman           Chief financial officer                                                   August 1, 2022, August 1, 2023 and August 1, 2024.                                                                                                       
  Sio Tat Hiang           Vice-chairman                                                             January 1, 2022, September 1, 2022, October 3, 2022, March 1, 2023, May 12, 2023, July 3, 2023, October 2, 2023, January 2, 2024 and December 18, 2024.  
  Satoshi Okada           Director                                                                  January 1, 2022, September 1, 2022, October 3, 2022, March 1, 2023, May 12, 2023, July 3, 2023, October 2, 2023, January 2, 2024 and December 18,