Company: GDHLF
Filing Date: 2025-05-29
Form Type: 424B5
Source: 0001104659-25-053912
Chunk: 7

Company: GDS Holdings Ltd
Filing Date: 2025-05-29
Form: 424B5
Chunk 7
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 |  4 | ​ | ​ |
| CORPORATE INFORMATION                        | ​ | ​ | ​    | ​ |  6 | ​ | ​ |
| RISK FACTORS                                 | ​ | ​ | ​    | ​ |  7 | ​ | ​ |
| USE OF PROCEEDS                              | ​ | ​ | ​    | ​ |  8 | ​ | ​ |
| DESCRIPTION OF SHARE CAPITAL                 | ​ | ​ | ​    | ​ |  9 | ​ | ​ |
| DESCRIPTION OF AMERICAN DEPOSITARY SHARES    | ​ | ​ | ​    | ​ | 19 | ​ | ​ |
| ENFORCEABILITY OF CIVIL LIABILITIES          | ​ | ​ | ​    | ​ | 32 | ​ | ​ |
| TAXATION                                     | ​ | ​ | ​    | ​ | 34 | ​ | ​ |
| SELLING SHAREHOLDERS                         | ​ | ​ | ​    | ​ | 35 | ​ | ​ |
| PLAN OF DISTRIBUTION                         | ​ | ​ | ​    | ​ | 36 | ​ | ​ |
| LEGAL MATTERS                                | ​ | ​ | ​    | ​ | 39 | ​ | ​ |
| EXPERTS                                      | ​ | ​ | ​    | ​ | 40 | ​ | ​ |
| WHERE YOU CAN FIND MORE INFORMATION ABOUT US | ​ | ​ | ​    | ​ | 41 | ​ | ​ |
| INCORPORATION OF DOCUMENTS BY REFERENCE      | ​ | ​ | ​    | ​ | 42 | ​ | ​ |

You should rely only on the information contained or incorporated by reference in this prospectus supplement and the accompanying prospectus. We have not, and the Borrowed ADS Underwriter has not, authorized any other person to provide you with different information. If anyone provides you with different or inconsistent

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information, you should not rely on it. We are not, and the Borrowed ADS Underwriter is not, making an offer to sell the ADSs in any jurisdiction where the offer or sale is not permitted. You should assume that the information appearing in this prospectus supplement, the accompanying prospectus and the documents incorporated by reference is accurate only as of each of their respective dates. Our business, financial condition, results of operations and prospects may have changed since those dates.

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