GDS Holdings Limited

Hello, ladies and gentlemen. Thank you for standing by for GDS Holdings Limited's second quarter 2026 earnings conference call. At this time, all participants are in listen-only mode. After management's prepared remarks, there will be a question and answer session. Today's conference call is being recorded. And I'll turn the call over to your host, Ms. Laura Chen, head of investor relations for the company. Please go ahead, Laura.

Thank you. Hello, everyone. Welcome to the second quarter of 2026 Earnings Conference Call of GDS Holdings Limited. The company's results were issued via Newswire Services earlier today and are posted online. A summary presentation, which will refer to GDS Conference Call, can be viewed and downloaded from our IA website at InvestorsGDSServices.com. Meeting today's call is Mr. William Huang, GDS founder, chairman, and CFO. will provide an overview of our new strategy and performance. Mr. Dan Newman, GBS CFO, will then review the financial and operating results. Before we continue, please note that today's discussion will contain forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties As such, the company's results may be maturely different from the views expressed today. Further information regarding these and other risks and services is included in the company's perspective as filed with the U.S. SEC. The company does not assume any obligation to update any forward-looking statements except as required under applicable law. Please also note that GDS earnings press release of this report. include discussions of unaudited gap financial information as well as unaudited non-gap financial measures. GDS practically contains a reconciliation of the unaudited non-gap measures to the unaudited most directly comparable gap measures. I'll now turn over the call to GDS founder, chairman, and CEO, Mr. Wei Huang. Please go ahead, Wei Huang.

Hello, everyone. This is Wei Huang. Thank you for joining us on today's call. AI is transforming our business. Our sales momentum is the strongest we have ever seen. In the second quarter, we achieved 260 megawatts of new bookings, bringing our total for the first half of 2026 to a record 470 megawatts. During the current quarter, we are well on the way to securing a further major business win