Initial Statement of Beneficial Ownership

Jonathan Allen King, a member of the executive committee at GDS Holdings Ltd, has filed an initial statement of beneficial ownership. The filing, dated March 16, 2026, reports 16,667 American Depositary Shares (ADSs) beneficially owned. Each ADS represents eight Class A ordinary shares. The reported shares include those from the settlement of fully vested Restricted Stock Unit (RSU) awards, where each RSU represents one ADS. The ownership is direct.