Company: GDHLF
Filing Date: 2025-05-27
Form Type: 424B5
Source: 0001104659-25-053057
Chunk: 37

Company: GDS Holdings Ltd
Filing Date: 2025-05-27
Form: 424B5
Chunk 37
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 Chengdu, Shenzhen, Guangzhou and Hong Kong. Investors should submit any inquiries to the address and telephone number of our principal executive offices set forth above.

Our main website is www.gds-services.com , and the information contained on this website is not a part of this prospectus. Our agent for service of process in the United States is Cogency Global Inc., located at 122 East 42nd Street, 18th Floor, New York, New York 10168, U.S.A.

**Concurrent Notes Offering and Concurrent Primary ADS Offering**

Concurrently with the Delta Placement of Borrowed ADSs, in a separate offering, we are offering US$ aggregate principal amount of convertible senior notes, plus up to US$ aggregate principal amount of our convertible senior notes if the initial purchasers in the convertible senior notes offering exercise its option to purchase additional convertible senior notes, in reliance on the exemption from registration provided by Rule 144A under the Securities Act. Neither this prospectus supplement nor the accompanying prospectus is an offer in respect of our convertible senior notes.

Concurrently with this offering and the Concurrent Notes Offering, we are also concurrently offering Primary ADSs with an aggregate total public offering price of approximately US$ million, pursuant to a separate prospectus supplement and the accompanying prospectus, in the Concurrent Primary ADS Offering. Neither this prospectus supplement nor the accompanying prospectus is an offer in respect of the Concurrent Primary ADS Offering.

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The completion of the Delta Placement of Borrowed ADSs is contingent upon the completion of both the Concurrent Primary ADSs Offering and the Concurrent Notes Offering, and the completion of each of the Concurrent Primary ADSs Offering and the Concurrent Notes Offering is contingent upon the completion of each other and the Delta Placement of Borrowed ADSs hereunder. If the Concurrent Notes Offering is not consummated, the Concurrent Primary ADSs Offering will terminate, the ADS Loan under the ADS Lending Agreement will terminate, and the Delta Placement of Borrowed ADSs will terminate and all of the Borrowed ADSs (or ADSs fungible with the Borrowed ADSs or other substitute securities or property as provided for in the ADS Lending Agreement) must be returned to us.

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SUMMARY CONSOLIDATED FINANCIAL AND OPERATING DATA You should read the following information in conjunction with our consolidated financial statements and the related notes incorporated into this prospectus supplement by reference to