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GDS Holdings Ltd

For the period ended Dec 31, 2025. Filed Apr 29, 2026.

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About this filing

The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.

FY2025 · Filed Apr 29, 2026

GDS$22.35+1.7%Stored close · as of Nov 6, 2026
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Contents

ITEM 16B. CODE OF ETHICS

We have adopted a code of business conduct that applies to our directors, employees, advisors and officers, including our Chief Executive Officer and Chief Financial Officer. No changes have been made to the code of business conduct since its adoption and no waivers have been granted therefrom to our directors or employees. We have filed our code of business conduct as an exhibit to our F-1 registration statement (File No. 333-213951), as amended, initially filed with the SEC on October 4, 2016, and a copy is available to any shareholder upon request. This code of business conduct is also available on our website atinvestors.gds-services.com.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.