Company: GDHLF
Filing Date: 2025-05-27
Form Type: 424B5
Source: 0001104659-25-053057
Chunk: 113

Company: GDS Holdings Ltd
Filing Date: 2025-05-27
Form: 424B5
Chunk 113
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 awards outstanding on the date hereof pursuant to any employee performance incentive plans adopted and approved by the board of directors, (iii) the issuance of any share-based awards pursuant to any existing employee performance incentive plans adopted and approved by the board of directors, provided the participant of the share-based awards enter into a lock-up agreement, and (iv) the filing of a registration statement on Form S-8 in connection with the registration of Class A ordinary shares issuable under any equity incentive plan adopted and approved by the board of directors, during the period commencing on the date of the underwriting agreement and ending on, and including, the date that is 90 days after the pricing date of the Borrowed ADSs (the “Restricted Period”), we agree not to,

(a)

offer, pledge, issue, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, or file with the SEC a registration statement under the Securities Act relating to the Lock-Up Shares, or publicly disclose the intention to make any offer, sale, pledge, disposition or filing, or

(b)

enter into any swap, hedge or other agreement that transfers, in whole or in part, any of the economic consequences of ownership of the Lock-Up Shares, or establish or increase a put equivalent position or liquidate or decrease a call equivalent position in Lock-Up Shares, or publicly disclose the intention to make any such agreement or transaction,

whether any such transaction described in clause (i) or (ii) above is to be settled by delivery of Lock-Up Shares, in cash or otherwise, without the prior written consent of the Borrower and the Underwriter .

**Lock-Up Agreements with directors, executive officers and principal shareholders**

Each of our directors, executive officers and certain principal shareholders has agreed with the Borrowed ADS Underwriter that, it will not, during the Restricted Period, without the prior written consent of the Borrowed ADS Underwriter, among other things: (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of, directly or indirectly, any ADSs or ordinary shares of the Company or any securities convertible into or exercisable or exchangeable for ADSs or ordinary shares (including, without limitation, ADSs or ordinary shares or such other securities which