Company: GDHLF
Filing Date: 2025-05-27
Form Type: 424B5
Source: 0001104659-25-053058
Chunk: 58

Company: GDS Holdings Ltd
Filing Date: 2025-05-27
Form: 424B5
Chunk 58
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S

CAPITALIZATION The following table sets forth our capitalization as of March 31, 2025: • on an actual basis; and • on an adjusted basis giving effect to both (i) our offer and sale of Class A ordinary shares in the form of ADSs at the public offering price of US$ per ADSs pursuant to this prospectus supplement and the receipt of the estimated net proceeds of US$ million by us from this ADS offering (assuming no exercise by the underwriters of their option to purchase additional ADSs, after deducting such underwriters’ discounts and commissions and estimated offering expenses payable by us, and (ii) the offer and sale of US$ million aggregate principal amount of convertible senior notes in the Concurrent Notes Offering and the receipt of the estimated net proceeds of US$ million by us from the offering (assuming no exercise by the initial purchasers of their option to purchase additional notes), after deducting such initial purchasers’ discounts and commissions and other estimated offering expenses payable by us. You should read this table together with our consolidated financial statements and the related notes thereto included and “Item 5. Operating and Financial Review and Prospects” in our 2024 Annual Report, our unaudited condensed consolidated financial statements and the related notes included in Exhibit 99.1 to the May 27 Form 6-K, and the information under “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Exhibit 99.2 to the May 27 Form 6-K, all of which are incorporated by reference herein.

| ​                                                                                                                                                                                                                                                                                                                                              | ​ | ​ | As of March 31, 2025                          |   |            |   |   |   |     |   |           |   |   |   |                |   |   |     | ​ |
|:-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:--|:--|:----------------------------------------------|:--|-----------:|:--|:--|:--|:----|:--|----------:|:--|:--|:--|:---------------|:--|:--|:----|:--|
| ​                                                                                                                                                                                                                                                                                                                                              | ​ | ​ | Actual                                        |   |            |   |   |   |     |   |           |   | ​ | ​ | As Adjusted(1) |   |   |     | ​ |
| ​                                                                                                                                                                                                                                                                                                                                              | ​ | ​ | RMB                                           |   |            |   | ​ | ​ | US$ |