GDS Holdings Limited (the "Company" or "GDSH") (NASDAQ:GDS, HKEX: 9698))), a leading developer and operator of high-performance data centers in China and South East Asia, today announced that its international affiliate, DigitalLand Holdings Limited ("GDS International" or "GDSI"), which acts as the holding company for GDSH's data center assets and operations outside of mainland China, has entered into definitive agreements for certain institutional private equity investors (the "Investors") to subscribe for US$1.0 billion of Series B convertible preferred shares (the "Series B") newly issued by GDSI.

GDS International was established in 2022 with its corporate headquarters in Singapore. Its portfolio currently comprises approximately 480 MW of data center capacity in service and under construction and an additional 590 MW held for future development across strategic locations in Hong Kong, Singapore, Malaysia (Johor), Indonesia (Batam), and Japan (Tokyo).

The US$1 billion Series B investment is mostly comprised of new US investors, led by Coatue Management with substantial participation by The Baupost Group. Together with GDSI's existing equity, the Series B raise will be sufficient to capitalize the development of up to 1 GW of total data center capacity.