According to the World Data Center, the final sale price of the Southern World Data Center Closed Infrastructure Securities Investment Fund on the Shanghai Stock Exchange has been determined to be RMB 3 per share. C-REIT will issue a total of 800 million shares, equivalent to 100% of the shares already issued after the IPO is completed. The total amount of proceeds to be collected by C-REIT is RMB 2.4 billion. Based on the final sale price, the implied EV/EBITDA is 16.9 times, and the implied dividend yield per share is 5.2%. GDS will sell 100% of the shares of a project company holding stable data center assets with a total enterprise value of approximately RMB 2,319 billion to C-REIT. After the sale is completed, GDS will collect a total net cash proceeds of approximately RMB 2,111 billion. GDS will invest an additional RMB 480 million to subscribe for 20% of the C-REIT issuance share in the IPO.

According to the World Data Center, the final sale price of the Southern World Data Center Closed Infrastructure Securities Investment Fund on the Shanghai Stock Exchange has been determined to be RMB 3 per share. C-REIT will issue a total of 800 million shares, equivalent to 100% of the shares already issued after the IPO is completed. The total amount of proceeds to be collected by C-REIT is RMB 2.4 billion. Based on the final sale price, the implied EV/EBITDA is 16.9 times, and the implied dividend yield per share is 5.2%. GDS will sell 100% of the shares of a project company holding stable data center assets with a total enterprise value of approximately RMB 2,319 billion to C-REIT. After the sale is completed, GDS will collect a total net cash proceeds of approximately RMB 2,111 billion. GDS will invest an additional RMB 480 million to subscribe for 20% of the C-REIT issuance share in the IPO.