Company: GDHLF
Filing Date: 2025-05-27
Form Type: 424B5
Source: 0001104659-25-053057
Chunk: 38

Company: GDS Holdings Ltd
Filing Date: 2025-05-27
Form: 424B5
Chunk 38
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 our 2024 Annual Report, our unaudited interim condensed consolidated financial statements and the related notes included in Exhibit 99.1 to the May 27 Form 6-K, and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included in Exhibit 99.2 to the May 27 Form 6-K, all of which are incorporated by reference into this prospectus supplement. The following summary consolidated statement of operations data for the years ended December 31, 2022, 2023 and 2024 and the summary consolidated balance sheet data as of December 31, 2023 and 2024 have been derived from our audited consolidated financial statements from our annual report on Form 20-F for the year ended December 31, 2024, or the 2024 Annual Report, incorporated by reference into this prospectus supplement. The following summary consolidated statement of operations data for the three months ended March 31, 2024 and 2025 and the summary consolidated balance sheet data as of March 31, 2025 have been derived from our unaudited interim condensed consolidated financial statements included in Exhibit 99.1 to the May 27 Form 6-K, which is incorporated by reference into this prospectus supplement. Our unaudited interim condensed consolidated financial statements have been prepared on a basis consistent with that of our audited consolidated financial statements and include all normal and recurring adjustments that we consider necessary for a fair statement of our financial position and operating results for the applicable dates and periods presented. The summary consolidated financial data shown below should be read in conjunction with “Item 5. Operating and Financial Review and Prospects,” and the financial statements and the notes to those statements included in the 2024 Annual Report. Our consolidated financial statements are prepared and presented in accordance with generally accepted accounting principles in the United States, or U.S. GAAP. Our historical results are not necessarily indicative of results to be expected for any future period.

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 ​ | Year Ended December 31, 
 2022                    |   |            |   | ​ | ​ | 2023 |   |            |   | ​ | ​ | 2024 |   |            |   |   |   |     |   |            |   | ​ 
 ​ | ​ 
 ​ | Three Months Ended March 31, 
 2024                         |   |            |   | ​ | ​ | 2025 |