<SEC-DOCUMENT>0001104659-23-060162.txt : 20230515
<SEC-HEADER>0001104659-23-060162.hdr.sgml : 20230515
<ACCEPTANCE-DATETIME>20230515071321
ACCESSION NUMBER:		0001104659-23-060162
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20230515
FILED AS OF DATE:		20230515
DATE AS OF CHANGE:		20230515

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GDS Holdings Ltd
		CENTRAL INDEX KEY:			0001526125
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-37925
		FILM NUMBER:		23918363

	BUSINESS ADDRESS:	
		STREET 1:		F4/F5, BUILDING C, SUNLAND INTERNATIONAL
		STREET 2:		NO. 999 ZHOUHAI ROAD, PUDONG,
		CITY:			SHANGHAI
		STATE:			F4
		ZIP:			200137
		BUSINESS PHONE:		86-21-2029-2200

	MAIL ADDRESS:	
		STREET 1:		F4/F5, BUILDING C, SUNLAND INTERNATIONAL
		STREET 2:		NO. 999 ZHOUHAI ROAD, PUDONG,
		CITY:			SHANGHAI
		STATE:			F4
		ZIP:			200137

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GDS Services Ltd
		DATE OF NAME CHANGE:	20110719
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>tm2315795d1_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-bottom: 3pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Report of Foreign Private Issuer</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Rule 13a-16 or 15d-16 of</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>the Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>May 2023</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Commission File Number: 001-37925</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>GDS Holdings Limited</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Registrant&#8217;s name)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>F4/F5, Building C, Sunland International</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>No. 999 Zhouhai Road</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pudong, Shanghai 200137</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>People&#8217;s Republic of China</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of principal executive offices)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Form 20-F <FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#120;</FONT>&#9;
</FONT>Form 40-F <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 2pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXHIBITS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt 0.25pt 6pt; width: 5%"><A HREF="tm2315795d1_ex99-1.htm">99.1</A></TD>
    <TD STYLE="padding: 0.25pt 0.25pt 6.25pt; width: 1%">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt 0.25pt 6pt; width: 94%"><A HREF="tm2315795d1_ex99-1.htm">Press release &#8212; GDS to Report First Quarter 2023 Financial Results Before the Open
of the U.S. Market on May 25, 2023</A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt 0.25pt 6pt"><A HREF="tm2315795d1_ex99-2.htm" STYLE="-sec-extract: exhibit">99.2</A></TD>
    <TD STYLE="padding: 0.25pt 0.25pt 6.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt 0.25pt 6pt"><A HREF="tm2315795d1_ex99-2.htm" STYLE="-sec-extract: exhibit">Announcement &mdash; Date of Board Meeting</A></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0; margin-bottom: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>GDS Holdings Limited</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 45%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Date: May 15, 2023</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: black 1pt solid">/s/ William Wei Huang</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Name:</TD>
    <TD>William Wei Huang</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>Chief Executive Officer</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 3; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>tm2315795d1_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><B>Exhibit 99.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>GDS to Report First Quarter 2023 Financial Results
Before the Open of the U.S. Market on May&nbsp;25, 2023</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">SHANGHAI,
China,&nbsp;</FONT>May&nbsp;15, 2023&nbsp;(GLOBE NEWSWIRE) --&nbsp;GDS Holdings Limited&nbsp;(&ldquo;GDS Holdings&rdquo;, &ldquo;GDS&rdquo;
or the &ldquo;Company&rdquo;)&nbsp;(NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in&nbsp;China
and South East Asia, today announced that it will report its first quarter 2023 unaudited financial results after the close of the Hong
Kong market and before the open of the U.S. market on&nbsp;May&nbsp;25, 2023.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Company&rsquo;s management will host an earnings conference call
at&nbsp;8:00 AM U.S. Eastern Time on Thursday, May&nbsp;25, 2023&nbsp;(8:00 PM&nbsp;Hong Kong&nbsp;Time on the same day).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Participants should complete online registration using the link provided
below at least 15 minutes before the scheduled start time. Upon registration, participants will receive the conference call access information,
including dial-in numbers, a personal PIN and an e-mail with detailed instructions to join the conference call.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Participant Online Registration:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>https://register.vevent.com/register/BI24be0a8ed1e5453aa9561f8ee2b9d311</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Additionally,
a live and archived webcast of the conference call will be available on the Company&rsquo;s investor relations website&#8239;at&nbsp;</FONT><U></U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>http://investors.gds-services.com</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>About GDS Holdings Limited</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">GDS Holdings Limited (NASDAQ: GDS; HKEX: 9698)
is a leading developer and operator of high-performance data centers in China and South East Asia. The Company&rsquo;s facilities are
strategically located in China&rsquo;s primary economic hubs where demand for high-performance data center services is concentrated. The
Company also builds, operates and transfers data centers at other locations selected by its customers in order to fulfill their broader
requirements. The Company&rsquo;s data centers have large net floor area, high power capacity, density and efficiency, and multiple redundancies
across all critical systems. GDS is carrier and cloud-neutral, which enables its customers to access all the major PRC telecommunications
networks, as well as the largest PRC and global public clouds which are hosted in many of its facilities. The Company offers co-location
and a suite of value-added services, including managed hybrid cloud services through direct private connection to leading public clouds,
managed network services, and, where required, the resale of public cloud services. The Company has a 22-year track record of service
delivery, successfully fulfilling the requirements of some of the largest and most demanding customers for outsourced data center services
in China. The Company&rsquo;s customer base consists predominantly of hyperscale cloud service providers, large internet companies, financial
institutions, telecommunications carriers,&nbsp;IT service providers, and large domestic private sector and multinational corporations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">For investor and media inquiries, please contact:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">GDS Holdings Limited</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Laura Chen</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Phone: +86 (21) 2029-2203</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Email: ir@gds-services.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Piacente Group,&nbsp;Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ross Warner</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Phone: +86 (10)&nbsp;6508-0677</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Email: GDS@tpg-ir.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Brandi Piacente</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Phone: +1 (212) 481-2050</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Email: GDS@tpg-ir.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">GDS Holdings Limited</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 2; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>tm2315795d1_ex99-2.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.95pt 0pt 5.45pt; text-align: justify; text-indent: -0.05pt; color: #231F20"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right; color: rgb(35,31,32)"><FONT STYLE="font-size: 10pt"><B>Exhibit
99.2</B></FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; color: #231F20"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; color: #231F20"><FONT STYLE="font-size: 10pt">Hong
Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the &ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Hong
Kong Stock Exchange</B></FONT>&rdquo;) and Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this
announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss
howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; color: #231F20"><FONT STYLE="font-size: 10pt">GDS
Holdings Limited** (the &ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Company</B></FONT>&rdquo;) is controlled through
weighted voting rights. Shareholders and prospective investors should be aware of the potential risks of investing in a company with
a weighted voting right, or WVR, structure. Particularly, the WVR beneficiary, whose interests may not necessarily be aligned with those
of our shareholders as a whole, will be in a position to exert significant influence over the outcome of shareholders&rsquo; resolutions,
irrespective of how other shareholders vote. Our American depositary shares, each representing eight of our Class A ordinary shares,
are listed on the Nasdaq Global Market in the United States under the symbol GDS.</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; color: #231F20"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><IMG SRC="tm2315795d1_ex99-2img001.jpg" ALT=""><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 18pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: #231F20"><FONT STYLE="font-size: 10pt">GDS
Holdings Limited</FONT></P>

<P STYLE="font: bold 18pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: #231F20"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#33836;&#22283;&#25976;&#25818;&#25511;&#32929;&#26377;&#38480;&#20844;&#21496;</FONT><FONT STYLE="font-size: 10pt">*</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: #231F20"><FONT STYLE="font-size: 10pt">(A
company controlled through weighted voting rights and incorporated in the Cayman Islands with limited liability</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: #231F20"><FONT STYLE="font-size: 10pt">under
the name GDS Holdings Limited and carrying on business in Hong Kong as GDS WanGuo Holdings Limited)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: #231F20"><FONT STYLE="font-size: 10pt"><B>(Stock
Code: 9698)</B></FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt; font-style: normal"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: #231F20"><FONT STYLE="font-size: 10pt"><B>DATE
OF BOARD MEETING</B></FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: #231F20">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; color: #231F20"><FONT STYLE="font-size: 10pt">Our
board of directors will hold a board meeting on May 25, 2023 (Hong Kong time) for the purpose of, among others, approving our unaudited
financial results for the first quarter ended March 31, 2023 (&ldquo;<B>First Quarter Results</B>&rdquo;). We will announce our First
Quarter Results after the trading hours of the Hong Kong market on May 25, 2023 (Hong Kong time) and before the opening of the U.S. market
on May 25, 2023 (U.S. Eastern Time), on the website of the Hong Kong Stock Exchange at www.hkexnews.hk.</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt; font-style: normal">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; color: #231F20"><FONT STYLE="font-size: 10pt">The
earnings teleconference call will take place at 8:00 PM on May 25, 2023 (Hong Kong time). Our management will be on the call to discuss
the First Quarter Results. Interested parties may complete online registration using the link provided below at least 15 minutes before
the initiation of the call. Upon registration, participants will receive the conference call access information, including dial-in numbers,
a personal PIN and an e-mail with detailed instructions to join the conference call.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; color: #231F20">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; color: #231F20"></P>

<!-- Field: Page; Sequence: 1; Options: NewSection -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; color: #231F20">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: #231F20"><FONT STYLE="font-size: 10pt">Participant
Online Registration:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: #231F20"><FONT STYLE="font-size: 10pt">https://register.vevent.com/register/BI24be0a8ed1e5453aa9561f8ee2b9d311</FONT></P>

<P STYLE="font: italic 13pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt; font-style: normal">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: #231F20"><FONT STYLE="font-size: 10pt">A live and
archived webcast of the conference call will also be available on our investor relations website at http://investors.gds-services.com.</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt; font-style: normal">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 65%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; width: 35%; font: 10pt Times New Roman, Times, Serif; color: #231F20"><FONT STYLE="font-size: 10pt">By order of the Board</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; font: bold 10pt Times New Roman, Times, Serif; color: #231F20"><FONT STYLE="font-size: 10pt">GDS Holdings
    Limited **</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; font: bold 10pt Times New Roman, Times, Serif; color: #231F20"><FONT STYLE="font-size: 10pt">Mr. William Wei
    Huang</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; font: italic 10pt Times New Roman, Times, Serif; color: #231F20"><FONT STYLE="font-size: 10pt">Chairman and
    Chief Executive Officer</FONT></TD></TR>
  </TABLE>


<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #231F20"><FONT STYLE="font-size: 10pt">Hong Kong,
May 15, 2023</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt; font-style: normal">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; color: #231F20"><FONT STYLE="font-size: 10pt">As
at the date of this announcement, the board of directors of the Company comprises Mr. William Wei Huang as the chairman, Mr. Sio Tat
Hiang as the vice-chairman, Mr. Satoshi Okada, Mr. Bruno Lopez, Mr. Lee Choong Kwong, and Mr. Gary J. Wojtaszek as directors, and Mr.
Lim Ah Doo, Ms. Bin Yu, Mr. Zulkifli Baharudin, Mr. Chang Sun and Ms. Judy Qing Ye as independent directors.</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: italic 10pt Times New Roman, Times, Serif; color: #231F20; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-size: 10pt">*</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">For identification purposes only</FONT></TD>
</TR></TABLE>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: italic 10pt Times New Roman, Times, Serif; color: #231F20; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">**</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Incorporated
                                            in the Cayman Islands with limited liability under the name GDS Holdings Limited and carrying
                                            on business in Hong Kong as GDS WanGuo Holdings Limited</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<!-- Field: Page; Sequence: 2; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></FONT></P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>tm2315795d1_ex99-2img001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm2315795d1_ex99-2img001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0@)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !K 3L# 2(  A$! Q$!_\0
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M,4\34HRJ2]V*Z=7ZG%>*[>&T\5ZG!;Q+%#'<,$1!@*/0"KWP]_Y'O2_]]_\
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M4=>CU6ZU&X:5Q*@4=%08/ ':O.?B%_R/>J?[Z?\ H"UVWP<_Y!^J_P#76/\
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MC7EUJ8>.YV7<WFR)"N3G<2 ?;)_2M;Q#K<6J:3H>F6MA/"EF60V[G+R<( W
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M/Q \7:9XEMK&.P\_="[L_F)MX('O[55TSQ#9:7XYDOM/$K6-X#'(C+AAOQG
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M8+E?2QY'7H_P>_Y#FH?]>P_]"%><5Z/\'O\ D.:A_P!>P_\ 0A4TOC1TX_\
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MTOP_;^3IUJL9/WI#R[_5O\BM2BJC34=C/$8RK7^)V78****LXPHHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
**** "BBB@#__V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
