Company: GDHLF
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001410578-25-000935
Chunk: 149

Company: GDS Holdings Ltd
Filing Date: 2025-04-28
Form: 20-F
Item: Item 4
Chunk 149
---
 a purchaser, which is a special purpose vehicle, forming part of an ABS Scheme. Pursuant to the ABS Scheme, ABS were issued to finance the purchase. The ABS were 70% subscribed by top-tier institutional investors in China, led by China Life Insurance Company Limited (“ China Life”), while we subscribed for the remaining 30% and retained the right to ongoing operation of the underlying data center assets. As of the date of this annual report, the ABS have been successfully issued and listed in the Shanghai Stock Exchange. The ABS Scheme is specifically designed to facilitate an eventual injection of the ABS into a public REIT vehicle when qualified.

Principal Offices

Our principal executive offices are located at F4/F5, Building C, Sunland International, No. 999 Zhouhai Road, Pudong, Shanghai 200137, People’s Republic of China. Our registered office in the Cayman Islands is located at the offices of Conyers Trust Company (Cayman) Limited, Cricket Square, Hutchins Drive, P. O. Box 2681, Grand Cayman, KY1-1111, Cayman Islands. Prior to September 30, 2018, our agent for service of process in the United States was Law Debenture Corporate Services Inc., located at 801 2nd Avenue, Suite 403, New York, New York 10017, U. S. A. We appointed Cogency Global Inc., located at 122 East 42nd Street, 18thFloor, New York, New York 10168, U. S. A., as our successor agent for service of process in the United States, effective as of and after October 1, 2018.

B. Business Overview

We are a leading developer and operator of high-performance data centers in China. In addition, we have a significant minority investment in DayOne, our equity investee, which develops and operates data centers in Southeast Asia and Northeast Asia. Accordingly, we derive shareholder value from our consolidated business in China and from our deconsolidated, but highly material, equity investment in DayOne.

Our facilities in mainland China are strategically located in primary economic hubs where demand for high-performance data center services is concentrated. Our data centers are designed and configured as high-performance data centers with large net floor area and power capacity, high power density and efficiency, and multiple redundancy across all critical systems. We are carrier and cloud neutral, which enables our customers to access all the major telecommunications networks, as well as the largest P