" In the 2022 Annual Report, GDS admitted that Company founder and Chief Executive Officer William Wei Huang had entered into previously undisclosed pre-paid forward sale contract transactions, which would have significant consequences if Huang's share ownership fell below 5%-an outcome that GDS acknowledged was a possibility if "Huang chooses to settle these transactions by transferring ownership of [his] ordinary shares to the counterparties". "

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"GDS announced on April 4, 2023, certain details on Form 20-F about Chief Executive Officer ("CEO", William Wei Huang that it had previously omitted. "

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