Company: GDHLF
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001410578-25-000935
Chunk: 11

Company: GDS Holdings Ltd
Filing Date: 2025-04-28
Form: 20-F
Item: Item 3
Chunk 11
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  O ur contractual arrangements with the consolidated VIEs may result in adverse tax consequences to us; and  
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  We rely on contractual arrangements with the consolidated VIEs and their shareholders for our China operations, which may not be as effective as direct ownership in providing operational contro...  
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Risks Related to Doing Business in the People’s Republic of China

  Changes in the political and economic policies of the PRC government may materially and adversely affect our business, financial condition and results of operations and may result in our inabil...  
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  We face various legal and operational risks and uncertainties as a company based in and primarily operating in China.  

Risks Related to Our ADSs and Class A Ordinary Shares

  The trading prices of our ADSs and ordinary shares may be volatile, which could result in substantial losses to you;  
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  If securities or industry analysts do not publish research or publish inaccurate or unfavorable research about our business, the market price for our ADSs and/or ordinary shares and trading vol...  

  Techniques employed by short sellers may drive down the market price of our ADSs and/or ordinary shares;  
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  Because we do not expect to pay dividends in the foreseeable future, you must rely on price appreciation of our ADSs and/or ordinary shares for return on your investment; and  

  The different characteristics of the capital markets in Hong Kong and the U. S. may negatively affect the trading prices of our ADSs and/or ordinary shares.  
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Risks Relating to Our Business and Industry

A slowdown in the demand for data center capacity or managed services could have a material adverse effect on us.

Adverse developments in the data center market, in the industries in which our