Company: GDHLF
Filing Date: 2025-05-27
Form Type: 424B5
Source: 0001104659-25-053057
Chunk: 55

Company: GDS Holdings Ltd
Filing Date: 2025-05-27
Form: 424B5
Chunk 55
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. These uncertainties may impede our ability to enforce the contracts we have entered into and could materially and adversely affect our business, financial condition and results of operations.

Our business operations are impacted by the policies and regulations of the PRC government. Any policy or regulatory change may cause us to incur compliance costs.

We are subject to national, provincial and local governmental regulations, policies and controls. Central governmental authorities and provincial and local authorities and agencies regulate many aspects of Chinese industries, including without limitation, among others and in addition to specific industry-related regulations, the following aspects:

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construction or development of new data centers or renovation, rebuilding or expansion of existing data centers;

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banking regulations, as a result of the colocation services we provide to banks and financial institutions, including regulations governing the use of subcontractors in the management and maintenance of facilities;

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environmental protection laws and regulations;

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security laws and regulations;

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establishment of or changes in shareholder of foreign investment enterprises;

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foreign exchange;

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taxes, duties and fees;

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customs;

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land planning and land use rights;

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energy conservation and emission reduction;

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cybersecurity and information protection laws and regulations, including the Cybersecurity Law of the People’s Republic of China , or the Cybersecurity Law, the Data Security Law of the People’s Republic of China , or the Data Security Law, and the Administrative Measures for the Graded Protection of Information Security; and

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artificial intelligence laws and regulations.

The liabilities, costs, obligations and requirements associated with these laws and regulations may be material, may delay the commencement of operations at our new data centers or cause interruptions to our operations. Failure to comply with the relevant laws and regulations in our operations may result in various penalties, including, among others the suspension of our operations and thus adversely and materially affect our business, prospects, financial condition and results of operations. While we have endeavored to comply with the relevant laws and regulations in the development and operation of our data centers, we may incur additional costs in order to fulfill such requirements, and we cannot assure you that we have complied with, or will comply with the requirements of all relevant laws and regulations (including obtaining of all relevant approvals required for the development and operation of data centers). Additionally, there can be no assurance that currently applicable laws or regulations will remain unchanged or no new laws or regulations will be imposed. For example, see “Item 4. Information on the Company — B.