Company: GDHLF
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001410578-25-000935
Chunk: 343

Company: GDS Holdings Ltd
Filing Date: 2025-04-28
Form: 20-F
Item: Item 7
Chunk 343
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Prior to our deconsolidation of DayOne, several intra - group arrangements existed between continuing and discontinued operations, which were eliminated as intercompany transactions and were not separately reflected in our previously issued financial statements. Such intercompany transactions mainly included sales commission, procurement services, license grant, guarantees and management support services. Upon our deconsolidation of DayOne, the intra - group balances with DayOne became related party balances. As of December 31, 2024, amount due from DayOne mainly represents receivables for the service fees charged to DayOne, and the amount due to DayOne mainly represents payables for the data center service fees received from customer on its behalf.

Prior to our deconsolidation of DayOne, we provided certain guarantees and undertakings for DayOne in connection with certain DayOne’s bank facilities, lease agreements and customer agreements, which would continue to exist after the deconsolidation. As of December 31, 2024, we provided the following major guarantees and undertakings for DayOne: (i) bank facility guarantees: we provided guarantees to DayOne for bank borrowing facilities with total amount of RMB9,967.9 million (US$1,365.6 million), which mature from May 2025 to August 2028. As of December 31, 2024, total outstanding principal balance of the borrowings under these facilities was RMB6,299.1 million (US$863.0 million). We also provided guarantees to DayOne for the bank facilities for issuance of letter of guarantee with total amount of RMB1,969.6 million (US$269.8 million). As of December 31, 2024, the balance of outstanding letter of guarantees issued under such facilities was RMB1,753.3 million (US$240.2 million); (ii) lease agreement guarantees: we provided unconditional and irrevocable guarantees to DayOne for the performance in certain lease agreements with landlords. These leases had lease terms of up to 30 years; and (iii) customer agreements guarantees: we provided guarantees for DayOne for its performance under certain data center service agreements with customers with term up to 25 years subject to extension. As of December 31, 2024, we estimated that our risks under the guarantees were remote.

Contractual Arrangements with Affiliated Consolidated Entities and their Shareholders

See “ Item 4. Information on the Company - C. Organizational Structure - Contractual Arr