SHANGHAI, China, July 16, 2025 — GDS Holdings Limited (NASDAQ: GDS; HKEX: 9698), a prominent developer and operator of high-performance data centers in China, announced today the successful completion of its initial public offering (IPO) on the Shanghai Stock Exchange of its previously disclosed China REIT (C-REIT). Due to high subscription levels, the retail offering closed ahead of schedule. The IPO garnered significant interest from both institutional and retail investors, with the institutional order book being 166 times covered at the final offering price, as previously announced, and the retail offering oversubscribed by 456 times. The C-REIT is anticipated to be listed and commence trading on the Shanghai Stock Exchange in early August under the fund code 508060.

About GDS Holdings Limited

GDS Holdings Limited (NASDAQ: GDS; HKEX: 9698) is a leading Chinese developer and operator of high-performance data centers. The company’s facilities are strategically positioned in and around key economic centers where demand for high-performance data center services is concentrated. GDS’s data centers feature substantial net floor area, high power capacity, density, and efficiency, along with multiple redundancies across all critical systems. GDS operates as a carrier and cloud-neutral provider, enabling its customers to access major telecommunications networks, as well as the largest PRC and global public clouds, which are hosted in many of its facilities. The company provides co-location services and a suite of value-added services, including managed hybrid cloud services through direct private connections to leading public clouds, managed network services, and, when necessary, the resale of public cloud services. With a 24-year track record, GDS has consistently met the requirements of some of the largest and most demanding customers for outsourced data center services in China. Its customer base primarily consists of hyperscale cloud service providers, major internet companies, financial institutions, telecommunications carriers, IT service providers, and large domestic private sector and multinational corporations. Additionally, the company holds a non-controlling 35.6% equity interest in DayOne Data Centers Limited, which develops and operates data centers in international markets.

For investor and media inquiries, please contact:

GDS Holdings Limited
Laura Chen
Phone: +86 (21) 2029-2203
Email:

Piacente Financial Communications
Ross Warner
Phone: +86 (10) 6508-0677
Email:

Brandi Piacente
Phone: +1 (212) 481-2050
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GDS Holdings Limited