84 85 ESG Noah's Heart Forest Long-term funding of Noah's Ark Biodiversity Protection Project Noah's Heart Forest - Remarkable Achievements of An 9-Year Ecological Protection Journey Initiated by SEE, the "100 Hundred Million Suosuo" project has received extensive support from the local government, herdsmen, production cooperatives, non-governmental environmental protection organizations, entrepreneurs, and the public. It aims at growing 100 million sandy oil plants (represented by saxaul) in key ecological areas in Alxa during the 10 years from 2014 to 2023 to restore 2 million mu of desert. The project will improve the local ecological environment and curb the spread of desertification. In addition, the economic value of saxauls is expected to help raise the living standard of local herdsmen. From 2014 to 2022, Noah planted 387,000 saxauls in "Noah's Heart Forest" in Alxa, amounting to a total donation of RMB 4.07 million. The saxauls cover a total area of approximately 8,287 mu, achieving sand fixation of 3.8 square kilometers and carbon fixation of 7,390 tons. In 2022, the donation by Noah was mainly used to plant 30,000 saxauls in Xipotugacha, Jilantai Town, Alxa Left Banner, which occupied around 769 mu and fixed a sandy area of over 300,000 m2 in Naogunbulage Village, Alatengchaoge Town, Alxa Right Banner. Our efforts have helped restore the region's desert ecosystem, slow down desertification, and increase the income of local herdsmen. The green peacock is the only native one growing in China that only lives in Yunnan Province, with a population of about 600. It is a wild animal under first-class national protection and is a critically endangered species with a minimal population. Noah is committed to funding the "Noah's Ark-Green Peafowl Habitat Co-Management and Protection Zone in Xinping County of Yunnan Province" project by donating RMB 500,000 per year for five consecutive years. The project aims to help increase the local green peafowl population, protect their habitat, and restore community culture and lifestyles. To make this happen, patrol teams are established to engage local forestry authorities and villagers. The Green Peafowl Habitat is also delineated for habitat protection and monitoring of natural breeding, to restore the green peafowl species. As of the end of 2021, Noah donated a total of RMB 3 million to the project, and the effect was remarkable. In 2022, the SEE Alxa Southwest Project Center, continued its daily patrol and monitoring. In June, 17 young peacocks were monitored to be born in two green peacock conservation areas. At the same time, on February 20, 2022, it concluded the agreement with the community near the green peacock conservation area in Eshan County, Yuxi City to rent 1,422 mu eucalyptus forest for 20 years. The forest will be used to protect the green peacock and restore the ecological environment of habitats.

86 87 ESG Talent Acquisition Efforts to Attract Diversified Employees Noah strives to build a fair and inclusive workplace by emphasizing equality and workforce diversity. We employ and select employees whose professional capability is suitable for our positions. We do not discriminate against anyone based on race, color, nationality, ethnicity, national origin, gender, marital status, age, disability, family status, sexual orientation, political affiliation, etc. Hence, we can attract and retain versatile human resources focusing on sustainability and innovation. Noah upholds a zero tolerance attitude towards child labor and allows no forced labor within the scope of operations. In the best interests of the employee who is found in the Group not reached the statutory working age, Noah will notify the local social services, immediately take the child worker away from the workplace and confirm and protect their physical and mental health with remedial measures to maximize their interests. At the same time, Noah will immediately identify issues in the recruitment process at the business location and take corrective actions within 90 working days. In terms of employee equity, Noah has always strictly followed the laws and regulations of various global operating sites, accurately implemented Noah's human rights policies, respected employees, safeguarded their rights and interests, protected the rights and interests of business partners, and ensured responsibility for human rights issues. Noah Employee Diversity and Equality Policy Noah Employee Rights and Interests Protection Policy

88 89 ESG Human Capital Key ESG Data 62% 33% 34% Proportion of female employees Proportion of female Board members Proportion of female senior managers Workforce Structure in 2022 Managerial position Domestic employees Overseas employees Full-time employees Part-time employees Item Male（％） 7.8% 38% 0.3% 32.9% 0.8% Female（％） 6.7% 62% 0.4% 53.7% 1.5% Workforce Diversity Item 0.7% 2.0% 9.7% 1.6% 0.8% 2.2% 0.5% 1.8% 0.5% 2.0% 3:5 2:1 11:9 2:5 3:4 Proportion of all employees Proportion of executive management Proportion of non-executive management Proportion of professional employees Proportion of general employees Ratio of male to female in 2022 Proportion of overseas citizens Proportion of ethnic minorities Workforce by Age Type 217 828 52 1097 7.49% 28.60% 1.79% - 369 1353 76 1798 12.75% 46.74% 2.63% - Male Male (%) Female Female (%) 29 and under 30~50 Above 51 Total New Employees Type 83 210 6 299 11% 170 28% 278 1% 12 39% 460 22% 253 37% 488 2% 18 61% 759 8.74% 16.86% 0.62% 25 % Male Male (%) Proportion among Female Female (%) Total total employees (%) 29 and under 30~50 Above 51 Subtotal of new employees Note: Part-time employees refer to those employees who work less than 40 hours per week. Note: The slight difference in the total number of employees with Noah's 2022 financial reports is due to the difference in the statistics methods of particular positions.

90 91 ESG Former Employees 77 299 17 391 393 2 8% 131 30% 443 24 594 2% 39% 598 4 40% 0.2% 13% 208 45% 742 41 985 2% 60% 991 6 60% 0.4% 5.35% 19.09% 1.06% 25.34% 26% 0.15% 29 and under 30~50 Above 51 Chinese Subtotal of former employees* Foreigners * Percentage of former employees = Total number of former employees in the year / (Total number of former employees in the year + Total number of employees of Noah Group as of December 31, 2022) Absence Rate in 2022 Male Female Gender Absence Rate 0.84％ 0.75％ Valuing Female Power for Gender Equality Noah, a company led by a female CEO, has been playing up women's growth within its business for many years. The Company actively encourages the women's community to make a social impact, including enhancing women's economic empowerment, creating opportunities for women to reach the top echelons, increasing woman's workplace engagement and helping more women raise their financial capabilities. As of the reporting period, with over 62% of female employees, 33% of female Board members, and nearly 37% of female executives, Noah has become a global leader in women's corporate power, demonstrating that enterprise can be a crucial driver of gender equality and women's empowerment. Based on the original performance management, Noah continues to refine the KPI management. Furthermore, adhering to the management mechanism of "upholding client centricity and surviving tough times", Noah clarifies the incentive and constraint mechanism based on the breakdown of strategic objectives and its insight and understanding of human nature to improve the establishment of a result-oriented performance management system. In 2022, Noah continued the 1-3-5 strategic plan for the performance of the Company's human resources. Performance management emphasizes the value and competition to achieve better results, processes, and applications. Performance Management (1) Performance Evaluation Methods for All Employees of Noah Group (2) Performance Evaluation Methods for Front Office (3R) Employees of Noah Group Proportion (%) Proportion (%) 100 ％ 100 ％ 100 ％ 100 ％ 100 ％ 100 ％ Item Item Individual employee's annul performance-based contracting (PBC)commitment Individual employee's annul performance-based contracting (PBC)commitment Performance appraisal based on employee classification and grading(normal distribution) Performance appraisal based on individual employee's annual PBC completion rate Performance appraisal based on employee classification and grading(normal distribution) Performance appraisal based on individual employee's annual PBC completion rate Type Male Male (%) Proportion among Female Female (%) Total total employees (%)

92 93 ESG Optimizing the Organization and Improving Talents Noah takes the "Three Pillars" model of human resources as the traction to optimize Noah's human resources management system. It regards the "digitalization" of human resources as the engine to improve Noah's human resources operational efficiency. And it takes "organizational capacity building" as the core and builds organizational management mechanisms to improve talent density, deeply couple human resources with business, and help Noah's strategic transformation and sustainable business operations. Optimizing the Organization and Improving Talents Key contents of deepening organization and human resources reform in 2022 include: 1. Organizational structure reform: Implemented the organizational structure and operational mode featuring "one holding, two groups, and six business units", to fit and support the dual circulation of both international and domestic business in response to the international business. 2. Key organizational management: Found key organizations that truly create value based on strategic positioning, business difficulty, and revenues. Focused on the identification of key positions in key organizations and management and motivation of and cadres. 3. Set up a Chief Investment Office (CIO Office), Customer Strategy Office (CSO Office), and Investment Product Solutions Office (IPS Office) in the form of an agile organization to sharpen investment and research capabilities, boost business development, and optimize processes. 4. Established three major systems for 3R personnel development, namely, a training system where graded training is offered for different lines to empower management, a dual-direction career development system of management and professional personnel", and an honor system centered on equity-based personal and team glory".

94 95 ESG Diversified Development Recruitment and Retention Noah's employees are all fixed-term employees who are re-evaluated for contract renewal every three years. Therefore, Noah will prefer internal employees when recruiting for vacant job offerings. In 2022, 51.4% of the vacancies were filled by internal promotion. In addition, it is estimated that the average recruitment cost amounted to RMB 20,000 for Noah in 2022. Noah advocated a more diversified employment policy in 2022. In cooperation with local CDPF institutions, it provides appropriate jobs for physically or mentally disabled people who are willing and competent to work. In 2022, Noah offered more than 22 jobs to the disabled to fulfill its commitment. Noah values employees' rights to work and freedom of assembly and association. We have formulated relevant HR management standards and complaint measures and related anti-sexual harassment prevention and complaint handling mechanisms. We advocate gender equality and impugn sexual harassment in the working environment. Hence, in 2021 Noah established an exclusive hotline for female employees to protect their legitimate rights and interests in the workplace. Thus, we build up a shield for Noah's women employees to ensure that every employee is respected and treated equally. Noah has shown inclusiveness in both the Employee Manual and Noah Recruitment Management System. Noah endeavors to build a fair and inclusive workplace by emphasizing equality and workforce diversity. The recruitment and salary of employees are decided based on the professional abilities required for the position. We do not discriminate against anyone based on race, color, nationality, ethnicity, national origin, gender, marital status, age, disability, family status, sexual orientation, political affiliation, etc. Hence, we can attract and retain versatile human resources focusing on sustainability and innovation. Noah treats men and women equally and stands against gender-related discrimination. All employees shall not be treated unfavorably in the working environment, including access to recruitment, promotion, position change, termination, retirement, and other working conditions, because of their gender or reproduction-related reasons. We are committed to providing a career platform with extensive opportunities. We have established a sound recruitment system and professional recruitment process to create a human resources team with strong compliance, learning professionalism, allocation, complete serviceability, and global vision. Hence, we are confident to become the first choice for top human resources interested in wealth management. Key ESG Data Organizing the Reformation: Cadre's Mission and Duties Noah's cadres have created Noah's culture and shaped Noah's strategy. We have made 16 duties and missions of Noah's cadres under the policy of "Never forget the original heart. Bear the mission firmly in mind. Remove the falsehood and keep the truth. Reach beyond the surface to the essence. Dare to fight and win. Perfect to the sublime." This policy reaffirms the core value of "client-centricity" because Noah is born to create value for clients. It also clarifies that Noah will embrace the global digitalization trend and reforms drastically. On the such basis, the Group has carried out several activities such as employee promotion and education, collective oath ceremony of cadres, and workshop seminar, and designed and released corresponding screensaver wallpaper, IP image meme pack, and other kits. We manage the creation, evaluation, and allocation of value with culture and values at the core, leading the team to continuously create value for clients and achieve business success and long-term growth. Internal promotion rate 51.4%

96 97 ESG Competitive Compensation System (1) Average salary of new graduates amounts to 4.95 times the minimum wage in Shanghai (2) 100 % of senior managers receive equity incentives, Carry bonuses, long service rewards, and medium-and-long-term strategic rewards Key ESG Data Long-term incentive plan:Equity incentives Description: •A long-term incentive program of restricted shares and options for core employees has a maximum vesting period of 4 years. When employees leave, outstanding stock options will be immediately canceled. •This incentive closely links Noah's medium and long-term performance with core employees, encouraging core employees to focus on and contribute to Noah's overall operating performance. The plan is designed to incentive employees in the long run. Applicable to:Current core employees To p r o v i d e c o m p e t i t i v e c o m p e n s a t i o n for potential human resources, we have standardized compensation through long-term incentive policies and programs with motivating effects and rewarded Noah's employees for their business performance. About 84% of senior managers have two long-term incentives, equity incentives and Carry bonuses. If the senior managers who are entitled to mid-and long-term strategic bonuses and long-term service rewards are included, 100% of senior managers enjoy equity incentives, Carry bonuses, medium to long-term strategic rewards, and long-term service rewards. Ratio of median/average annual compensation of CEO to all employees Proportion 45.20：1 28.84：1 Item Proportion of the median annual compensation of CEO to all employees Proportion of the average annual compensation of the CEO to all employees Male to Female 0.91：1 0.87：1 1.02：1 1.08：1 0.92：1 Proportion of Compensation of Male Employee to Female Employee by Rank N5 and above N4 N3 N2 N1v Rank Noah provides employees with better-than-market compensation, including general salary, bonuses, benefits, equity, stocks or options, and pay according to job content and rank. We also offer performance bonuses according to their annual performance and quarterly bonuses for some positions considering the nature of their work and relevant quarterly assessments. In addition, Noah also provides a variety of living and work-related subsidies, including communication cost subsidies, and business trip subsidies to perform the corporate social responsibility of taking care of employees. In 2022, based on the achievements of the overall compensation system program, Noah has established compensation standards and packages for different business lines, as well as regular compensation management rules to implement Noah's compensation philosophy and strategy further and stimulate the internal driver of sustainable development. In the future, we will also plan to integrate sustainability indicators into the evaluation of corporate operating compensation to effectively link employees' performance in the field of sustainability with the compensation system. Thus, the senior management can focus on ESG and other non-financial objectives and financial performance and enhance Noah's sustainable competitiveness.

98 99 ESG Professionalism - All-around Training Strategy (1) 83.77 hours of training per employee (2) Human capital return on investmen:1.696 (3) 184,250 hours of face-to-face training (4) 31,807 hours of online training (5) Fund manager certification rate：63.03 % Key ESG Data Noah believes that professionalism is a process that requires continuous learning. We need employees with professional knowledge and attitude to provide Noah's clients with the best service and value. Therefore, we require Noah's people to demonstrate professionalism, including an increased sense of responsibility and systematic thinking. They should review all work processes with high standards to provide products and services that meet clients' needs. To reflect professionalism, Noah has a dedicated Talent Development Committee to build Noah into a learning organization, strengthen the professional core competencies of Noah's employees in all aspects, and enhance their professional functions and workplace competitiveness. 1.Help new employees adapt to the working community and norms, acquire the necessary professional skills for the job, and establish key working relationships. 2. Experience and identity with Noah's culture and core values, firm career choice direction, and comprehend corporate philosophy and employee code of conduct 3 Understand corporate strategy, organizational structure, critical functions of each center, product knowledge, and business development. 4. Forge a team through group training, enhance team cooperation and cohesion, and improve the participants' innovation ability and sense of ownership. Noah's training mainly targets six categories of employees, including new employees, Group executives, mid-level managers, school enrollees, Noah Triangle 3R professionals, and Internet finance specialists. The training is conducted through four systems: programs, courses, instructors, and platforms, and it covers five modules: cultural integration, professionalism, management, wealth business, and general skills. The Noah Group spent RMB 9 million on employee training in 2022.In 2022, Noah's human capital return on investment was 1.696. Noah Talent Training Strategy Complete Talent Training System Note：HC ROI is calculated based on the DJSI formula. The basic data includes total revenue, total operating expenses, and employee-related expenses.

100 101 ESG Training hours per employee Training hours per employee (hours) Item 66.9 2020 77.57 2021 83.77 2022 Summary of Noah's Online and Offline Employee Training Results in 2022 Female Female Female Total hours Hours per employee Training costs per employee Noah Shanghai Online Offline Executive Management Specialist General staff Non Executive Management 15.3 1,211.23 129.23 1,278.2 24.76 15.1 15.5 1,212.23 43.24 1,278.1 55.40 13.13 100% 31.96% 56.83% 43.60% 100 % 100 % 100% 66.93% 43.17% 56.39% 100 % 100 % 932.64 5,109.5 5,166.6 4,340.2 3,108.8 3,108.8 932.64 5,096.6 2,833.3 4,340.2 3,108.8 3,108.8 8,951 56,090 539.4 35,143.6 1,064.7 6,425.8 10,892 128,160 393.9 84,761.5 3,324 6,473.4 Male Female Male Female Male Female Male Female Type Total training hours Training hours per employee Training costs per employee Ratio of employee trained by rank Summary of Noah's Online and Offline Employee Training Results in 2022 56,090 20,438.41 128,160 37,827.22 Offline Online Type 1,211.23 18.63 1,211.23 2,176.17 21.02 932.64 2,176.17 932.64 Training Internal Trainers To perfect the training system and forge a trainer team of high quality and Noah characteristics, we formulate the training mechanism and evaluation system and method for the internal part-time trainers. Furthermore, through multifaceted professional training, we aim to make potential employees seed trainers to inherit and improve professional know-how and service skills. In 2021, the "Internal Trainer Program" was upgraded to "Noah Mentor" with the promulgation of Noah Measures for Mentor Management, covering certification system, qualification, selection, management system, etc. New Employee Orientation For new employees to quickly integrate and identify with Noah's corporate culture, familiarize themselves with the business model and organizational structure, avoid financial career risks, master the necessary skills in the workplace, and establish key working relationships, we combined training and practices to design modules for knowing the company, integrating into Noah, understanding business, focusing on the main tasks, identifying positioning, and developing themselves, which laid a good foundation for their career development. Training Financial Advisors To further improve the experience and quality of HNW client services and meet the needs of HNW clients for wealth management and comprehensive services, Noah has launched the Noah Triangle client management model. The model divides the original relationship manager team into AR (Account Responsibility), SR (Solution Responsibility), and FR (Fulfill Responsibility) through examinations, interviews, and certifications. So, the training system will focus on 3R newcomers, professional empowerment of each branch, and cooperation drills, aiming to form a "specialized and profound"wealth management team and create more value for clients. Male Male Male

102 103 ESG Evaluation and Recruitment of Internal Trainers Level of Internal Part-time Trainer Evaluation and Recruitment Methods "New Noah Dynamics" Teaching Assistant Seasoned Trainer, Senior Trainer, Trainer, Seed Trainer They are enlisted from previous "Noah Dynamics" graduates according to merit, performance, and rank. 1. Employees in headquarters can obtain trainer qualification directly after approval and consent from the headquarters’ Talent Development Department. 2. Employees of subsidiaries, regions, and branches need to be first approved by the training managers of their own units and then approved by the Talent Development Department of the headquarters before they can qualify. Noah Academy App In 2017, the Group's Training Department created a mobile classroom for Noah's employees -Noah University (Employee Edition), which realized the closed loop of online and offline training and improved learning efficiency, with a 100% participation rate of all regular employees. In 2020, Noah University App evolved into an internal mini-program. In 2021, Noah University was officially renamed Noah Academy, following the reform to launch new topics, such as "3R Exam Certification Center", "The Force Awakens,"Reform Must-Know,"etc., to make employees' online learning more lightweight, fragmented, and personalized. In 2022, the Group's culture and training team separated a new talent zone to help new employees gain a comprehensive understanding of Noah and develop their personal abilities from multiple modules: culture, change, business, and general knowledge Industry Practitioner Qualification Certification According to the provisions of the Securities Investment Fund Low of the People's Republic of China, the Measures for the Sale of Securities Investment Funds, and other laws and regulations, personnel shall first take the examination for fund sales practitioners and obtain the qualification before they are engaged in fund promotion, sales promotion, and consultation. In 2020, Noah released the Management Measures for Compliant Certifications of Noah Employees. Furthermore, we launched the All Employee Fund Manager License Program, which requires all front and back-office employees of each system to take and pass the Fund Manager License Examination to actively cultivate compound key human resources who understand finance, professionalism, and business. By the end of 2022, Noah’s annual attainment rate of fund manager exams stood at 62.8%, with 1,821 people meeting the standard; there were 1,008 employees, or 63.03% licensed under the contract with Noah Upright. Highlight Program for Training in 2022 Newcomer System Reform: In the context of Noah's transformation, Noah set new requirements for newcomers. Therefore, in the second half of 2022, Noah reformed its newcomer system to help new employees fully know and integrate into the company within six months through online and offline methods. An online newcomer zone has been set up to help new employees learn about culture, change, business, and general knowledge. At the same time, offline newcomer classes are also opened to better understand how the Company changes culture, and develop their skills. Cadre Transform Training Camp： A collection of transformed cadres emerges in the surge of reformation. They assume new posts and accept new challenges. To enable them to inaugurate their new roles better, they are provided with training and development from special empowerment to personalized management support so that new cadres can quickly integrate and adapt and smoothly turn to their new roles.

104 105 ESG Performance Evaluation List of Noah Group Financial Manager Performance Evaluation List of Noah 100% 100% 100% 100% 0% 0% Target management Multidimensional performance evaluation (such as 360-degree performance evaluation) Employee rank within individual employee categories Performance Evaluation Type Proportion in total employees Target management Multidimensional performance evaluation (such as 360-degree performance evaluation) Employee rank within individual employee categories Performance Evaluation Type Proportion in total employees Complete Care System Noah provides non-compensatory benefits for all employees, including medical checkups, commercial employee insurance, Noah Health Day, Noah EAP, communication allowance, birthday care, holiday benefits, various employee pieces of training, club activities, theme activities, afternoon refreshments, mutual funds, Shanghai labor union benefits, talent apartments and anti-pandemic service. In April 2022, the unprecedented severe pandemic situation caused great pressure on the materials supply in Shanghai, where the headquarters of the group is located. Therefore, the Group's operation center timely coordinated resources and allocated anti-pandemic materials to employees, customers, and pandemic prevention institutions with our care. The Group donated materials equivalent to more than RMB 2.5 million. Performance Management Based on the original performance management, Noah continues to refine the KPI management. Furthermore, adhering to the management mechanism of "upholding client centricity and surviving tough times", Noah clarifies the incentive and constraint mechanism based on the breakdown of strategic objectives and its insight and understanding of human nature to improve the establishment of a result-oriented performance management system. In 2022, Noah continued the 1-3-5 strategic plan for the performance of the Company's human resources. Performance management emphasizes the value and competition to achieve better results, processes, and applications.

106 107 ESG Non-compensatory Benefits Improving Employee Care System Commercial insurance for all employees Item Description Total Spending in 2022 6,225,512 RMB 2,018,300 RMB • Noah provides commercial insurance for all employees at home and abroad • Insurance for domestic employees covers: • Accidental injury and disability: accidental death, disability, burns • Accidental medical treatment: the cost of treatment resulting from an accident • Airplane traffic accidents, railroad, ship traffic accidents, automobile traffic accident • Death and disability caused by traffic accidents • Death by sickness: death from non-accidental causes • Serious Diseases: Immediate compensation upon initial diagnosis • Supplementary medical insurance: claims settlement for outpatient, emergency and inpatient treatment • Insurance for overseas employees includes: • Medical insurance: claims settlement for outpatient, inpatient, surgical, and other daily medical treatment, covering family members • Death insurance • Business travel insurance: claims settlement for personal accidents and financial losses during business trips Physical and Mental Health Item Description Annual health checkup / TCM consultation / comprehensive accident insurance/accident medical insurance / Noah Care /public welfare foundation / EAP hotline /overtime meal allowance/ transportation allowance /all-day dining/leisure station /pandemic-prevention services • Covering all employees As Noah's business develops rapidly, we also pay heed to our employees' physical and mental health. Based on the original statutory and commercial insurance benefits, we have established a comprehensive and multi-level employee protection system, covering all employees, including interns and contractors. We also carefully selected optional preferential protection plans for employees' parents, spouses, and children, such as extra medical care, comprehensive accident insurance, and lifelong critical illness insurance. We also provide targeted coverage for special groups such as senior managers and foreign employees. In 2022, Noah added additional medical insurance to its original coverage, continuously improving the coverage and paying attention to employee health. In addition, the medical security benefits for employees and the sound health care for senior management are continuously being planned and improved. In 2022, Noah expanded the coverage of the internal employee mutual fund, and also covered immediate family on the basis of the original coverage. Within a limited range, Noah continuously improved the content and scope of insurance, effectively enabling employees exposed to the Group’s warmth. Holiday and other benefits In accordance with the Labor Law of the People's Republic of China, Noah implements a standard working hour system of 8 hours per day and 40 hours per week to protect basic rights and interests of employees. In addition, Noah employees are entitled to legal holidays, annual leave, sick leave, incidental leave, wedding leave, bereavement leave, maternity leave, parental leave, paternity leave and work injury leave. The food bar is catered on each floor at 10:15 a.m. daily, providing milk and soy milk; afternoon tea and fruits are provided at 3 p.m., and snacks are provided during overtime hours after 6 p.m.; birthday celebrations are held once a month regularly, and gifts are given to employees on their birthdays that month. The following benefits are also provided: 1.Flexible working hours: permit employees to arrive at the Company between 8:45 and 9:15 am. and leave between 5:45 and 6:15 p.m. 2.Communication expense allowance: provide employees with the corresponding communication expense allowance according to their ranks. 3.Business trip allowance: provide some remotely dispatched employees with business trip allowances, rent allowance, transportation expenses for visiting relatives, and additional paid family visit leave. 4.Wedding gift money and funeral condolence money: for occasions such as weddings or funerals the employees encounter, we provide relevant gift money and condolence money. 5.Insurance benefits: provide employees, spouses, and children with preferential insurance programs such as extra medical care and accidental critical illness insurance. 6.Best tax planning: provide the best possible tax planning and insurance benefits for Noah's employees within the scope of government permission 7.Preferential activities: provide airline ticket discounts and cooperate with many catering companies and gyms in the park to offer Noah's employees discounts or card benefits. Promoting the Physical and Mental Health of Employees We are committed to building an employee culture with Noah's characteristics. We regularly plan and hold trips, social gatherings, parent-child activities, and care activities every year. We also provide free and comfortable gymnasiums, yoga rooms, audio-visual rooms, and shower rooms for employees to use during their leisure time at work to ensure their physical and mental health. Noah Group employee associations are standardized and managed by the Group Labor Union, aiming to promote the construction and healthy development of employee associations in an orderly manner. As of December 2022, the Group's Labor Union had 22 associations. There are 18 registered at the Shanghai headquarters and 4 in other regions. Clubs cover sports and fitness: yoga club, badminton club, basketball club, etc.; hobbies: floral art club, choir club, pet-lover club, etc.; professional and academic interests: mental health club, Little Red Man First Aid Club, Art Appreciation Society, etc. Benefits for holidays, birthdays, etc.

108 109 ESG Employee Communication and Complaint Channels If there are any internal ethical or legal concerns, employees can respond to their department head or the head of the corresponding department because internal communication is very transparent. In addition, there are independent public email addresses for communication between the Company and its employees for the IT repair with consultation number 6677, the IT department, the administration department, and the brand department. Job Transfer Noah respects the human rights of its employees. Therefore, in case of job adjustment or transfer due to operational changes, Noah will not only inform the employees in advance so that they can have sufficient time to plan separately but also provide other job options according to the situation at that time so that they can continue to play their roles in Noah. Green Plants 12.4％ 1650 Proportion of green plants in the office building Number of green plants Item Description Parental Leave in 2022 Item Number of male employees entitled to parental leave in the current year Number of female employees entitled to parental leave in the current year Rate of return to work of male employees Retention rate (over 12 months) of male employees Rate of return to work of female employees Retention rate (over 12 months) of female employees 83 148 100 % 75.9 % 100 % 75 % 2022 Notes: 1. Rate of return to work of employee: (total number of employees resuming work from parental leave/total number of employees who should resume work from parental leave) x 100% 2. Retention rate of employee: (Total number of employees still in service within 12 months after resuming work from parental leave/Total number of resuming work from parental leave during the reporting period) x 100% In 2022, we opened an "Online Property M a n a g e m e n t " h o t l i n e a n d p rov i d e d a n online repair system to improve operational efficiency. Our regional branches also opened a "Service without Worry," established a regular communication mechanism with the front line, and set up a "special person, special phone number, and special mail."Each regional branch also has regular questionnaires to ensure that employees' voices are heard and responded to and that they can make complaints directly to senior management through the internal network.

110 111 ESG Number of work-related fatalities Rate of work-related fatalities Number of Workdays Lost to Work-Caused Injuries (LWDI) Item 0 0 2020 0 0 % 0 % 0 2021 0 0 % 5 2022 Health and Safety Management Employee Protection Measures Health Center Noah is committed to building a healthy and safe workplace environment. For employees, a safe and healthy work environment helps reduce work stress, increase job satisfaction, and maintain health, which enhances service quality. To protect the safety of employees and reduce the incidence of disasters and casualties, we build a network platform with firefighting units and hold one to two fire drills every year to advocate fire prevention and emergency response measures. We also educate our employees on the basic knowledge of evacuation and escape and strengthen the response ability of the building's office employees in fire prevention and disaster prevention. Noah Health and Safety Policy 1.Reinforced security: daily hands-on training and drills for security personnel, monthly assessment (personnel replacement for those who fail). 2.Renovation precautions: send an email notification to all employees before renovation to remind them to pay attention to safety; ensure site protection and partitioning; deploy fire extinguishers as required; ask suppliers to pay attention to construction safety. 3.Security system and camera updates to promote effectiveness: replace all cameras with high-definition ones in the workplace to cover blind spots. Noah Labor Union Health Center is located on the 6th floor of the Changyang Valley office. To enhance the health literacy of employees, the physical space of the Health Center is equipped with TCM massage services and a nursing room. Therefore, we rely on the Health Center to provide regular Health Day services to enhance the health awareness of employees. The nursing room was awarded the honorary title of "Shanghai Four-star Nursing Room". To strengthen services and further meet the actual needs of working mothers, in addition to a comfortable nursing environment, we have also provided them with postpartum recovery yoga, childcare sharing, etc. Through those platforms, working mothers can communicate with each other and smoothly return to the workplace. Building Safety and First Aid System In terms of organizational development, the Group's Business Continuity Department and the Group's Training Department have established the Noah Little Red Man First Aid Club, which currently has more than 150 members. The club's purpose is to popularize and promote the concept of safety and first aid and relevant knowledge and skills among Noah's employees and provide voluntary aid to the external in the future. Regular Employee Medical Checkup To improve all employees' health awareness and quality of life and enhance their sense of happiness, Noah provides annual welfare medical checkups for employees. Employees can go to a professional medical checkup institution every year and have a full-body health checkup to prevent related health risks early and check their health. We hope by doing so, we can promote the healthy and harmonious development of the Company. Through regular health checkups and the reports provided by the health checkup unit, and by developing the content and direction of health activities for the next year, we can better understand the health status of our employees and grasp the overall health status of Noah to promote the smooth progress of our work.

112 113 ESG 2022 Basic Items of Medical Checkup •Checkup Institution: iKang • Participating employees: over 80% participation rate in medical checkups for headquarters employees •Medical checkup standard cost is RMB 500 per person in 2022 •Supplementary work: remind employees to actively participate through email announcements and KPI assessments for related departments. •The physical and mental health of employees is effectively maintained by the "Health Umbrella" for employees Noah Group Labor Union The Labor Union Committee of Shanghai Noah Investment (Group) Co., Ltd. was established in 2017 with an independent legal personality. It was awarded the honor of "Top Ten Demonstration Exemplars of Employee Cultural and Sports Activities in Yangpu District" in 2018. Noah Group's Labor Union is composed of lower-level employees from all major business segments of Noah Group to listen to the voices of employees in different business areas. Since its establishment, the union has carried out free courses and interactive activities in various fields of "health, law, art, parent-child and humanities" once a month. It has now formed a multi-dimensional service coverage: Group Labor Union activities, talent apartment applications, Noah clubs, health center, employee mutual fund, etc. Due to the impact of the pandemic, the number of activities in 2022 was down, but the overall quality and engagement were up. This year, at the Chinese New Year greeting activities, the Vice President of the Yangpu District Calligraphy Association was invited to write Spring Festival couplets for our employees. The moment of joy was recognized by all parties. In addition, 10 offline and online activities were also held, such as riddle guessing at the Lantern Festival, Activities on International Children's Day, celebrations on Noah Value Day, and events on the Mid-Autumn Festival, engaging 11,181 employees. Number of Union membership card holders Number of Union activities Number of participants Percentage of employee representatives in the Union 113 80 % 11,181 Description of the activity Key results for 2022 Noah group trade union key results Activity type Health class Mutual aid class Rental class 1.During the period of epidemic control, the Group's labor union purchased more than 20 batches of various epidemic prevention materials (including food, bedding and daily necessities required for closure and control), amounting to more than 400,000 yuan, with a total of 583 deliveries. 2.96 sessions of nucleic acid testing services were provided throughout the year, covering 45,000 people. As of December 2022, 17 employees have moved in (7% off the market price) During the epidemic period from April to May 2022, 20% of the original rent was reduced, covering 13 people, and the rent was reduced by nearly 20,000 RMB. In 2022, a total of 13 people (including employees' families) were sent mutual condolence money, amounting to nearly 90,000 RMB. The epidemic has lasted for three years, and in March of 2022, the risk control management of the group's location (Shanghai) lasted for more than two months, so the group's labor union responded as soon as possible and provided necessities, medical needs and special population care actions for employees. Since the establishment of Noah Mutual Fund in 2018, it has sent warmth to the Group's employees and their families nearly 50 times. Provide talent apartment services for employees 10

114 115 ESG Club Activities NAC Art Club - Art Enriches Life An excellent corporate culture not only helps employees improve their professional skills but also pays attention to their spiritual life. In order to enrich employees' spare time lives and optimize the company's internal cultural environment, Noah has established a NAC Art Club to encourage employees to actively participate in art activities and enjoy work and life. NAC Art Club organizes regular activities to engage employees interested in art. On August 26th, members of the organization visited the Aurora Museum. They not only learned about multiple cultural relics in the collection but also appreciated the Rockefeller Foundation’s collection exhibition, in which they experienced the splendid period in the history of Western art. In October, the NAC Art Club organized employees to feel the style between different art genres in the 2022 Oriental Symbol Auction Preview of Yi Style. Noah Women’s Federation On December 8, 2021, Noah established the Women's Federation. Ms. Yang Gao, the Group's Chief Operating Officer, serves as the Chairman of the Women's Federation and a dedicated position is set to promote the Group's Women's Federation. As a private firm, Noah adheres to gender equality. The founder, Ms. Jingbo Wang, signed the CEO Statement of Support for the Women's Empowerment Principles issued by UN Women, vowing the "Generation Equality" to support women's equal rights to and to develop the organization, enhance women’s power, and build brands for Noah Women's Federation. (1) Develop physical space for activities To closely fit women’s habits in professions and provide target services, we conduct a survey on female employees and the result indicates that in addition to improving business, women in the workplace pay much attention to health care, parent-child relationships, and arts. Therefore, we have physical spaces such as mother-and-baby rooms, yoga rooms, gyms, and women's meeting rooms in the workplace to provide venues for activities. During the pandemic, we also offer online psychological classes, music-based therapy classes, pandemic prevention classes, etc. to lift the worries and difficulties of employees who are locked down. At the same time, in the name of "Party building and public welfare", we send anti-pandemic living materials to pregnant mothers and employee families who raise children, as well as pandemic protection materials to external medical institutions and children’s homes. The form of mutual activities between the Party and the public gather consensus and add new vitality to women's organization building. (2) Strengthen communication and build an online plus offline service matrix Noah has a group of educated and high-caliber female employees who star in their positions. The group currently has more than 1,900 female employees and those with bachelor's degrees or above account for 85%. The Noah Women's Federation fully utilizes the Group's resources to offer psychological counseling, a complaint hotline for women, cultural activities, parent-child talent show, health and other activities, improve the comprehensive quality of employees and the soft power of the company Through the discussion and resolution of the Women's Council, we have solved a series of practical difficulties and needs for employees, such as nucleic acid testing services, baby care, and public welfare services. The offline services are available at venues while online services warm employees, which truly activates the organizational functions of Women's Federations, and stimulates women's potential. Women’s deliberation help boost company development and promote gender equality. (3) Care employees and warm groups with special needs In order to make use of "Women's Home", in addition to those platforms for showing themselves and gaining welfare, we also provide a platform that supplies exclusive care for female employees. Under the group's labor union, we have established a mutual fund to provide assistance to employees when they or their immediate family members are seriously ill.

116 117 ESG In 2020, as the global impact of the COVID-19 pandemic is deeply superimposed on our transformation, Noah began to plow the soil for a new round of change. We continue to learn from Huawei, our benchmark company. We align the transformation management language and best management practices. We also introduce the “BLM” model at the strategic end, the “IPD” process at the product end, and the “LTC” process at the marketing end. Thus, we revamp the client service from a single financial advisor to the “Noah Triangle” service while driving the digital transformation of Noah’s client interface to create a better client experience. Commitment to Constant Improvement: Innovation Ushers in Reform and Progress On the client service side, once a month for 12 months every year, we contact clients and give suggestions for updating or changing their financial plans, with 4 reviews of the existing portfolio and 2 face-to-face meetings. On the product service side, to ensure the solid implementation and more accurate matching of goals, through three interconnection systems - “KYC” (Know Your Customer), “KYP” (Know Your Product), and “KYA” (Know Your Advisor), label images are provided at the investment consultancy channel, the client, and the product side, to accurately match services. These lay the foundation for Noah’s future success and focus on actual and long-term client value creation. After two years of firm transformation, Noah in 2022 performed brilliantly in terms of the increase of Black Diamond clients, the number of active clients, the management fee income, etc. It also has taken the lead in completing the non-standard assets clearance, laying the foundation for Noah’s healthy development in the future. Over the past two years, Noah has promoted transformation in three main directions. The first is the change in the product side, i.e., starting from the third quarter of 2019, through eight quarters of transition, the product side has fully completed the standardization transformation from zero advertising to zero stock. The second is the organizational change, i.e., we have introduced post weighing, completed the assessment of qualifications and rotation of critical posts, and re-designed a new organizational structure to restructure the business process around “client-centric.” The third is the process change, i.e., from “product-driven” to “client-centric,” we have launched the 3R “Noah Triangle” model.

118 119 ESG Care with Professionalism Client-Centric Being client-centric is to meet clients’ real needs in the right way. To be “client-centric,” we need to maintain a high degree of consistency with client interests and forge our “client-centric” organizational capacity to avoid being “scale-centric,” “commission-centric,” and “self-centric.” Listen to the client’s voice, and you will find a way to meet the clients’ needs. The more accurate the client identification, the more the product matches the client’s needs. Deepen the understanding of the clients’ needs and the actual “client-centric” can be achieved. At the end of 2021, Noah launched the CIO Office. With deep insight into the needs and problems of HNW clients and family offices in China, CIO Office integrates current research resources and the opinions of well-known economists and transforms toward a customer-centric organizational system. CIO Office builds expert think tanks on the basis of Noah' strong resources, empowering and creating value for clients. Communicating and cooperating with industry economists, CIO Office forms multidimensional and multi-level thinking to build a more comprehensive and authoritative investment research service system. The CIO Office will invite famous market economists to provide better support for HNW clients and family offices to accurately interpret macroeconomic policies and scientifically develop asset allocation strategies. Noah’s “Noah Triangle” Service Model Noah promotes our first change in the organizational management model. From the linear management of the divisional system to the matrix management, from the one-on-one financial advisor service to the Noah Triangle model, we serve clients with the economic model where a team and a city is the new minimum unit. Thus, we establish a new evaluation-based incentive mechanism, also from linear to matrix management, especially from personal elite, individual leadership to organizational capacity. Noah Triangle 3R (AR, SR, FR): Centers on the “client-centric” service model to empower internal cooperation.3K (KYC, KYA, KYP) System: Assists the Noah Triangle to match products for clients more accurately Noah continuously polishes its ability to deliver systematic product solutions based on profound insight into client needs. From the traditional C to C model to the combination of to B and to C model, it has formed a three-dimensional and multi-source client identification and expansion strategy and built a “client-centric” differentiated service ability, improving the quality and efficiency of service.

120 121 ESG In 2022, teamed up with artist Ms. Xiaohui Wang, Noah initiated the "Ten Thousand Trusts" cross-boundary art journey. Through this way, Noah expects to connect clients' wisdom and wealth. By creating an exclusive art space for clients, we can accumulate spiritual gains with them to thank them for their trust and support over the past 18 years. Keep Customers' Stories and Lives on Noah's "Ten Thousand Trusts" Cross-Boundary Art Journey As a wealth and asset manager, Noah’s primary task is to protect the wealth of customers regardless of the environment. For the past 18 years, Noah has created opportunities for deep dialogue with customers every year. There was no exception this year. We need more calm thoughts and mature judgments in a more complex environment. At the end of 2022, Noah has successively held annual customer conferences in various cities in China, including Beijing, Macau, Hangzhou, Suzhou, Huizhou, Huzhou, as well as Singapore. The 18-year journey of Noah has taken on new significance with the support of industry experts and seasoned practitioners. At annual conferences in various regions, Noah Wealth gathered numerous research experts and clients to jointly discuss economic development and future opportunities as the situation changed, and explore new hots topics, discoveries, and challenges in wealth management so as to boost the high-quality development of the industry. Customer Service First Noah Black Card Diamond Annual Conference Client Reporting and Complaint Mechanism The ways to accept client complaints include, but are not limited to, 400 client service hotlines (4008200025, 4008215399), 96 financial advisor hotline (021- 962516), complaint email (complaint@noahgroup.com), 12386 service hotline complaint direct referral system, online client service, WeChat public platform, letter, member-only area, and on-site visit. For acceptance, the complaint shall conform to the definition of a complaint and be raised by the client. After the regional financial advisor and the middle and back-office employees of each department of the Group receive a client’s complaint, they shall give feedback on the client’s complaint to the complaint group by one of the above means within 1 business day. If they give no feedback or fail to provide feedback promptly, they will assume the corresponding liabilities once confirmed. Client Satisfaction Management Noah conducts client satisfaction surveys regularly each year, in which Noah listens to clients’ opinions and serves as a reference for improvement. We prioritize surveys of the companies that contact clients in the first line. We evaluate the service quality of the wealth managers and their products and services. Client service employees will sort out client complaints before they are transferred to the Product Department or the Business Development Department. Any complaint involving non-compliance will be referred to the Compliance Department for further investigation. Client Satisfaction Survey Results Percentage of Satisfaction Item 96.3% 2020 99.47% 2021 99.39% 2022 As the event started in June 2022, Wang’s team customized a nonreplicable work for each participant who received exclusive NFT digital assets and unique identity authentication from Noah. This film shooting ended on December 31, 2022, with a large-scale portraiture photography art exhibition with the theme of "Ten Thousand Trusts", enabling clients and the most influential contemporary investors to meet for arts.

122 123 ESG Investor Education Noah regards “continuous and lifelong learning” as a part of its culture. We attach importance to enhancing investors’ financial knowledge and risk awareness. Taking this as the foundation for development, We implant the life concept of lifelong learning into our employees and clients in all aspects and from multiple dimensions. We not only help clients make investments but also continue to invest in investor education. We build up a whole idea and knowledge of financial investment and financial planning for investors through online and offline models and grow together with clients. Key projects and achievements of Enoch Education in 2022: 1.Online courses 25 online courses, including 15 sessions of live streaming and 10 high-quality online classes, covering over 5,000 registered members and over 1,000 newly registered users. 2.New media account •The account includes: the Wechat Channel of the Principal’s Living Room, the official account and the Wechat Channel of Enoch Education, which spread valuable courses to a broader group and effectively transmit knowledge through investor education. • In 2022, there were more than 110 original articles, including 65 posts on Wechat Channel accounts and 45 original posts on the official account, reaching 47,490 people and a net increase of 1,550 fans. Critical Results of Noah Investor Education/Activities Item Description Results in 2022 Offline Courses and Education Activities Online Courses and Online Live Broadcast Offline Courses Creating a Systematic Learning Field Online Courses During the Pandemic Book Clubs Focus on investment management and deliver Noah's professional investment concepts Focus on investment management, parent-child growth, industry development, etc., and deliver professional investment concepts Ace investor education courses “Fortune New School” and “Study Society” are highly praised by students Online courses to accompany clients to continue learning during the pandemic Online book clubs in the live broadcast •Total number of hours: 960 •Fortune New School 2 sessions (6 modules), Study Society 4 sessions, seminars 16 sessions •2,121 clients are reached •Live broadcasts online: 10 events •Nearly 10 online premium courses •Cumulative number of audience reached: 62,000 •Held over 20 events, with a total of over 60 hours •Enoch Reading Club has been held for a total of 240 sessions, covering over 8,400 persons •Total number of offline investor education events: 55 •Total participants: 2,121 •Total number of events: 25 events, 30 GP guests •Total number of clients reached: 6,200 •Cumulative number of views: 36,000

124 125 ESG White Paper Series - the Chinese High-net Worth Individual Wealth Management Sentiment Index (2022) Customized Black Diamond Seminar Project In 2022, due to the impact of COVID-19, with a client-centric approach, Enoch Education created customized training courses for clients. In the pithy but sophisticated courses, macroeconomists and senior industry experts interpreted investment prospects for investors and discuss the future direction of wealth management by taking into account the current situation and economic environment. Achievements of Noah's Customized Black Diamond Seminar Project in 2022 •Noah held 16 sessions of the Diamond Black Seminar Project despite the pandemic, covering 16 cities in China •The course covered 1,615 clients •Held over 160 hours of learning and discussion with more than 30 teachers and classmates Youth Background Enhancement Program In 2022, Enoch Education created the Youth Background Improvement Program' for all children of Noah’s clients. The program covered children aged 8 to 22, including four major parts: Potential Financiers, Potential Diplomats, Potential Entrepreneurs, and Potential Scientists, as well as six major courses, Youth Public Leader Camp and Black Card Customized Youth Program. More than 150 hours of classes reached over 110 children. The program guided those teenagers to visit consulates, experience the financial market, engage in public welfare with parents, care for children suffering from autism, and learn about the workplace. Noah accompanies customers with real actions. Highlights Project for Investor Education in 2022 Highlight Projects for Enoch Education in 2022 Enoch Education, a subsidiary of Noah Group, focuses on the needs of HNW clients and entrepreneurs for all-around learning and growth intelligence. It provides courses covering investment and financial management, business management, parent-child education, spiritual growth, and other topics to help businesses and investors enhance cohesion, and collaboration and broaden their horizons. Enoch Education In 2022, Noah and PwC jointly released the white paper series on Chinese High-net Worth Individual Wealth Management Sentiment Index (2022). By closely observing the wealth management satisfaction, investment behavior, and future expectations of the Chinese wealthy population at different periods, the Chinese High-net Worth Individual Wealth Management Sentiment Index is a comprehensive indicator that reflects the confidence or anxiety of Chinese wealthy people. Through 1000 online questionnaires and in-depth interviews with over 20 groups of Chinese wealthy people, Noah quantified the overall emotional changes and their performance in different groups, analyzed the core driving factors behind them, and explored the latest trends in the needs of Chinese wealthy people for comprehensive wealth management. Research has found that wealthy individuals were positive about China's long-term economic growth, wealth creation is still on and the wealth management market in China will embrace new opportunities. Also, the research indicated that the country needs to create a more fair, standardized, and open business and development environment for a robust market, greater confidence, and common prosperity.

126 127 ESG Digital Services With the increasingly stringent regulation on the wealth management industry and the rise of technological enterprises and scarce resource-based enterprises in the post-pandemic era, the new money has put forward higher requirements for the wealth management industry in digitalization and intelligence. At the same time, the wealth management industry also faces more expectations and challenges regarding service quality and capability. The four underlying technologies, namely, artificial intelligence, blockchain, cloud computing, and data and computing, are leading the application trends in the financial industry. Intensifying market and product competition makes technological innovation increasingly a primary driver of development, and “technology empowers finance” has become a consensus in the industry. With client-centricity, Noah embraces digital transformation. We deconstruct the original process, reconstruct the business process under the new model, and develop the strategic intention of moving from online, digital intelligence to platform-based operation. We plan to achieve technology-enabled duration by completing the strategic purpose in 1-3-5 years and using technology to promote the operations and development of the Company. Digital Transformation Noah is committed to achieving digital process management at the channel side, coupled with offline professional investment consultancy services, to meet the needs of HNW clients for in-depth asset allocation services. The transformation objectives include: 1.Digitalization of the financial advisor management and clients’ needs and behaviors 2.Digitalization of the product screening capability, investment research capability, and product survival 3.Enhance air channel services, standardize operations processes, provide online human investment consultancy services, optimize the self-order experience, and differentiate online B2C experience 4.Stratify clients’ needs through big data technology, reach and understand their needs in advance, provide differentiated products, and achieve deep synergy among wealth, capital management, and investment To this end, Noah will continue to strengthen the science and technology team’s construction to identify and promote more digital experts and cadres. Hence, science and technology personnel can better serve the business and create a world-class “Noah Intelligence” service. Noah Digital Transformation Mindset •Support the business Achieve business process standardization and online business process •Drive the business Generate business insight by analyzing business data, deconstruct and reshape business processes, empower businesses with artificial intelligence and big data, reduce costs and increase efficiency, enhance business competitiveness, and achieve digitalization •Expand the business Achieve platform-based products by building Noah platform products Noah’s Digital Innovation Services Innovative services Description of the digitization model Benefits Smart Financial Management Comprehensive monthly report The merger of public and private trading systems Comprehensively upload applications and databases to the cloud Duration reporting •Cooperate with the online operation and business development needs of the financial advisor to build an integrated service platform that covers the whole-process and whole-day operation model •A public offering platform is built through collaborative R&D to support the Financial advisor in fund portfolio construction, fund/ portfolio comparison, and fund diagnosis •Wealth comprehensive monthly report centralizes client’s investment information and standardizes the data caliber of asset stock and profit and loss •The system automatically generates the monthly report regularly and improves the way it is reached and read •Applications are deployed in the cloud and databases in the financial cloud, supporting elastic scaling •Use popular technical development language to improve maintainability and reduce maintenance cost •Optimize the technical architecture to support more excellent concurrency •Decouple businesses to ensure the uniformity of data Provide clients with regular one-stop aggregation of asset duration information by systematically providing clients’ critical investment information and using reports combined with statements Start the comprehensive cloud-uploading plan of the application/ database from the local deployment to the cloud, and simultaneously complete the container transformation of the application to reduce maintenance cost •Enhance system stability •Boost operational efficiency •Perfect business functionality •Improve user experience •Spur development efficiency •It is easier to understand the monthly and cumulative changes of different types of assets through various dynamic visualized charts. •The page content is straightforward and easy to operate. Users can view the primary duration data on their own, eliminating the need for the financial advisor to summarize the data for them. •Full view, fine grain, high visibility •Solve the problems such as high cost, low efficiency, and lack of source data in the financial advisor’s manual operations, and enhance the user experience of the financial advisor and users, enabling duration services Receive positive praise from the front-line financial advisor, with excellent results in user experience, functional value, and business innovation Take advantage of mature cloud computing and financial intelligence technologies to provide clients with higher-level financial services while achieving the goal of reducing operating costs

128 129 ESG iNoah App - Overseas Fund Investment and Finance iNoah is a global asset allocation platform owned by Noah Hong Kong. The platform currently has more than 50 globally well-known fund managers, and nearly a thousand public funds and relies on an expert investment research team to screen the current focus funds for investors. Currently, iNoah App, optimized 2-3 times a month, has gained the approval of financial advisors, clients, and business departments, and has become an essential partner of the overseas public offering business. Noah Live Streaming Platform Noah used live streaming to support the country’s strict control of the pandemic. This effort led to continuous increases in the number of live broadcasting sessions and the number of participants while reducing costs and resources and creating more business value. At the same time, by continuously improving platform functions and optimizing live streaming platform routes, Noah aimed to provide customers worldwide with a better viewing experience. In 2022, there were 890 sessions of live streaming, a 127% increase compared with 2021, including 775 sessions for clients and 115 sessions inside the Company. Among them, the Noah International Intelligent Global Summit series had 35 sessions of live streaming, and the Gopher LP Conference Summit series had 72 live streaming, making 100% of activities online. Highlight Projects for Digital Service in 2022 Online business In March 2022, the occurrence of the pandemic in China made it hard to develop business and maintain relations with customers. To ensure continued business and respond to customers online at any time, while improving the quality of online experience, Noah has established a group for online business transformation project, which conduct projects with customer-centric principle, including a universal agreement signing platform, online domestic private equity, and online overseas private equity business. Starting from April, Noah has analyzed the business scenarios and current situation, coordinated business goals, and developed technological solutions. The project was successfully launched at the end of June, which achieved project goals. While fully conducting private equity business online, we also used online electronic protocols to ensure business continuity, reducing the limitations of offline paper agreements that need to be signed in person and mailed by both parties Continuous Experience Enhancement Continuous experience enhancement is our long-term goal. In 2022, key projects such as Continuous Data Package 3.0 and Continuous Online 2.0 were also planned. By providing more accurate and comprehensive data services, more flexible tools, and more convenient access, Noah brings customers a higher quality continuous experience, further improving the content, efficiency, and quality of continuous reports. The comprehensive continuous report and monthly wealth report are available to users in the form of electronic reports, which not only improves timeliness but also greatly reduces the paper sheets for report printing. In 2022, approximately 6 million paper sheets for printing were saved. Digital financial management Guided by business goals and oriented toward business value, we have launched a comprehensive digital transformation project for financial management Noah has transformed technology architecture around its business goals by breaking the original functional organization and establishing five teams for product fundraising digitization, marketing digitization, customer service digitization, customer transaction digitization, and general tools. Those teams have organized end-to-end business scenarios and covered the entire process in those five fields. Noah uses digitization to upgrade marketing platforms, enhance research and investment capabilities, and improve operational efficiency and professional capabilities in the middle and back office, thus further perfecting the customer experience.

130 131 ESG Privacy and Data Security (1) Total hours of training on information security: 10,489 (2)ISO 27001 Certification: Information Security Management Systems (3) ISO 29151 Certification: Guide to the Protection of Personal Identity Information The Technology and Transformation Committee is established under the Board of Directors, including three board members, with Ms. Jingbo Wang, the Company’s CEO, as its chairwoman, to undertake the management and decision-making responsibilities for significant information security matters. In addition, the head of the Company’s Information Security Department is a member of the Technology Committee and concurrently serves as the Company’s data protection officer, responsible for privacy protection governance, and reports to the management of the Group. (5)Important information systems (new generation trading systems, Noah Glory insurance brokerage system and Noah Upright’s official website) have passed the national cybersecurity level protection evaluation. (6)The core business system has been transformed with national password security, which enhanced data integrity and confidentiality through national password algorithms. Key ESG Data The Noah Technology and Transformation Committee establishes a technology governance mechanism to improve the use efficiency and management transparency of scientific and technological resources and maximize the empowerment of science and technology in business. Its main functions include reviewing the approval of significant projects in the field of science and technology, supervising and inspecting the implementation and achievement of projects; considering major issues or events related to science and technology (including information security, and cutting-edge developments); and coordinating with the Group’s human resources to formulate the Group’s science and technology human resources strategy. It is the highest body for decision-making and supervision of the Company’s science and technology strategy. In 2022, the Science and Technology Committee held 8 regular meetings, reviewed 16 major projects, heard 23 plans and phased reports in various aspects of science and technology, and promoted the establishment and improvement of vital sci-tech systems. Technology and Transformation Committee To ensure the privacy and security of client data, Noah has built a professional information security team and introduced and obtained ISO 27001 and ISO 29151 certifications. Important information systems (new generation trading systems, Noah Glory insurance brokerage system and Noah Upright’s official website) have passed the national cybersecurity level protection evaluation. Furthermore, Noah carries out strict control over client privacy information and ensures client data security to meet the requirements of the Cybersecurity Law of the People’s Republic of China, the Data Security Law of the People’s Republic of China, the Personal Information Protection Law of the People’s Republic of China, and other laws and regulations on the protection of personal information. In 2022, Noah continuously updated and improved privacy protection following the relevant national laws and regulations on privacy protection and has set privacy policies for three client-oriented APPs (Fund Smile, WeNoah, and iNoah), the WeChat public account of Glory Insurance and the WeChat mini-program of Enoch Education. Moreover, Noah has completed five updates of the versions thereof. At the same time, we hired third-party professional testing institutions to test and evaluate the security of privacy policies. In addition, to comply with the requirements of the Data Security Law, Personal Information Protection Law, and other laws and regulations, an internal benchmarking analysis was conducted based on the actual situation of the company and a risk analysis report was provided to the management. Relevant internal management rules of the Company were updated to ensure compliance and effective protection of clients’ personal information. Information Security Department

132 133 ESG Noah Privacy and Data Security Protection Mechanism Category Policies/Mechanisms Description Policies Measures Management system Management Mechanisms •Clarify the requirements for organization, strategy, and resource protection of information security management, and determine specific policies and objectives for information security management •Standardize the use of clients’ private information (such as contact information and ID numbers) collected in the process of operation •Standardize the management procedures for the acquisition, transmission, filing, and destruction of such information •Standardize the requirements for encryption and desensitization of sensitive information •The obtainment of ISO 27001 certification to guarantee Noah’s reliability in the field of information security and reduce the risk of disclosure •The obtainment of ISO 29151 certification to clarify Noah’s privacy protection policy and enhanced privacy control measures •The core business system has passed the national network security level protection evaluation •Deployment of Web application firewall, network firewall, host intrusion detection, and other security protection systems •Continuous monitoring and real-time early warning for cyber-attacks are implemented using encrypted transmission of client information •Monitoring and auditing of abnormal operations relating to client data security are implemented using a database security audit system •Centralized and rapid processing of cyber-security risks by the Group Security and Operation Team •Noah Information Security •Principles and Policies •Privacy Policy •Noah Data Security Regulations •Noah Sensitive Information Management Specification •ISO 27001 Certification: Information Security Management Systems •ISO 29151 Certification: Guide to the Protection of Personal Identity Information •Noah Cybersecurity Level Protection Management Measures Online business scenarios using clients’ privacy information Noah Information Security Principles and Policies To meet the requirements of national laws and regulations such as the Cybersecurity Law of the People’s Republic of China and the Measures for the Regulation of Informatization Work of Insurance Intermediaries issued by the China Banking and Insurance Regulatory Commission, Noah keeps enhancing its control over cybersecurity and data security. In 2022, Noah invited external professional evaluation agencies for cybersecurity level protection, classification and filing, security development, and security evaluation on the Noah Glory Insurance Brokerage System, Noah Upright’s Official Website, and the new generation trading system. Among them, the Glory Insurance Brokerage System and the new generation trading system have successfully passed the MLPS III evaluation, and Noah Upright’s official website has passed the MLPS II evaluation, reaching a good level. In 2022, to meet the requirements of national p a s s w o rd s e c u r i t y m a n a g e m e n t , N o a h implemented a transformation project for national password security on its core business system. We employed national password algorithms to protect the integrity and confidentiality of data and avoid security risks in international algorithms. Noah emphasizes on the management of intellectual property rights, and manages potential intellectual property risks in a timely manner to protect the legal rights of intangible assets. If there is any infringement of the Group's intellectual property rights, we will take timely action to protect its rights through litigation and other means. As of the end of the reporting period, NOAH held 678 registered trademarks and 4 patented inventions. Cybersecurity Graded Protection Programs Noah Upright employees must follow the principles of minimum authorization and the necessity to know when accessing clients’ private data. Suppose it is necessary to extract or disclose clients’ private data to external regulatory authorities in daily operation, prior approvals from the applicant’s supervisor, data owner, and Noah Upright’s Information Security Department shall be obtained. •Employees must sign confidentiality agreements before employment, receive continuous training during their work, and are strictly prohibited from disclosing Noah Upright’s client information. In addition, Non-Noah Upright employees such as external consultants and technical support personnel must sign confidentiality agreements before work and may not have access to Noah Upright’s clients’ privacy information. •Noah Upright’s Information Security Department conducts annual inspections to protect clients’ private data and punishes violations of security regulations following the Company’s management regulations; cases involving violations of law will be referred to the judicial department. Noah has information security incident reports phone numbers, emails, and WeChat accounts for internal and external feedback that may involve leakage and the feedback will be filed for investigation. If Noah Upright’s reasons cause client privacy leakage, the problem will be rectified. The relevant personnel will be held responsible. In 2022, Noah has no client information leakage. Transformation Project Towards Protection of Clients’Privacy Data National Password Security Patented inventions and trademarks To ensure information security, we will first verify the complainant’s identity and credential information, and credential information will be processed within 15 working days after the identity verification is passed. 1.Noah Upright Client Service Hotline: 400-821- 5399 (Working Hours: 08: 00 - 18: 00, Weekdays) 2.Email for personal information protection: upright.service@noah-fund.com Channels for Personal Information Reporting and Complaint If you have any complaints or comments about the handling of your personal information, please contact us through the following channels: Privacy Policy for Noah Upright

134 135 ESG Noah Information Security Protection Mechanism Orientation Protection Mechanism Item Results in 2022 Internal Noah Information Security Awareness Training Category Information Security Week Security awareness oriented training Mandatory online security awareness course Daily security awareness training Organizational building of information security personnel External Information Security Audit 1.Conduct a quarterly information system security check, including domain account numbers, system administrator accounts, outsourcing management, weak passwords, host vulnerability scanning, and security device configuration check. 2.Check the bottom line of the information security of the whole Group (including the Group and all subsidiaries) on an annual basis, including access control management, sensitive data management, change management, security assessment and testing of application systems, antivirus, network management, backup, and recovery testing, security baseline check and other contents. 3.In 2022, Noah prepared and issued the Noah Network and Wire Fraud Emergency Plan, and revised 18 systems including the Noah Information Security Management Handbook, Noah Information Security Guidelines and Policies, and Noah Cybersecurity Level Protection Management Measures to continuously strengthen the protection of information data at the level of institutional management. 4.A rectification notice will be sent by email to the responsible unit/department for the problems identified in the quarterly and annual information security audits, requiring a clear rectification time plan. The Information Security Department will continuously track the problems to support their closure. Information security awareness publicity and education activities, including: •Mandatory online course on information security awareness for all employees •Phishing email test for all employees •Offline security threat experience •Security display board and daily security short video •Information security inspection in the workplace Security awareness oriented training on business departments and off-site outsourcers involved in client information processing Completion of Noah Security Awareness Training Course by all employees •Participation of more than 500 employees •Four offline security threat experience activities •Reduction in workplace security inspection problems by 70% compared with last year •Total training hours: 210 •17 Directional security training •Total number of participants: 2,487 •Total training hours: 1,865 •Total employees: 3,393 •Total training hours: 8,314 •Post 26 issues of security information •Push security information to employees through WeCom, email, and WeChat public account •Set up workplace security awareness screensaver on office computers Establish a mechanism for information security personnel in science and technology teams: •Monthly security training by the Information Security Department, security personnel, in turn, give internal training to employees in the department •Security personnel are responsible for feedback on security risk incidents and security work recommendations to the Information Security Department •All science and technology employees sign the red line list of information security violations, making the front-line employees deeply aware of security •Select outstanding information security personnel and information security teams annually •12 security personnel training • 3 1 s c i e n c e a n d t e c h n o l o g y information security personnel •178 internal security training for science and technology teams •Total training hours: 100 hours 1.Data encryption storage The client’s sensitive information (mobile phone, certificate number, bank card number, etc.) is encrypted and stored through the self-developed key management system to ensure the security of the client’s sensitive information. 2.Data transmission monitoring Data anti-leakage software is installed throughout the employees to monitor clients’ sensitive information. Any outward sending or copying client’s sensitive information will trigger the alarm and be punished as information security violations of regulations if confirmed. 3.Data extraction control All extraction of client data from the system due to business needs and regulatory requirements must be approved by the Information Security Department and implemented by the information security team to control the data extraction. 1.Deploy major network security protection equipment, including firewalls, intrusion detection systems, security audit systems, etc., to effectively resist external network attacks and infiltration. 2.Install well-known manufacturers’ antivirus software on all terminals and conduct automatic terminal scanning every day. Ensure the security of all terminal equipment. Implement system security tests regularly, invite external professional security vendors to implement security testing and evaluation, find vulnerabilities and patch them in time to ensure system security. 3.Improve suppliers’ information security management mechanism Formulate and implement the Noah Implementation Rules for the Management of Outsourcing and Supplier’s Information Security. Before cooperating, all outsourcing suppliers must sign special confidentiality agreements and information security notices. In addition, office computers are required to install security software before connecting to Noah’s network, and the information security clauses to be included in the IT hardware and software procurement contracts are supplemented.

136 137 ESG Protection of Clients’ Sensitive Information Cyber Security Attack and Defense Drill To prevent the leakage of sensitive client information, Noah has developed the Sensitive Information Management Specification, which defines client-sensitive information and cooperates with a series of control measures to effectively reduce the risk of client information leakage. In addition, to meet the requirement of compliance in the sales process, Noah has deployed a WeCom archiving system to archive the dialogues of all employees of the Company and ensure that records of all conversations with clients in the WeCom are stored locally. In addition, sensitive words shall be set up in the system, under which sales personnel are required to contact clients via WeCom. They shall not take the initiative to ask for clients’ contact information during the sales process, nor shall they make promises to clients regarding proceeds during the sales process. If any sensitive word is triggered, an automatic message warning will be sent to personnel at the security audit position and the compliance position to handle the events of violations. We successively close down the Internet access channels to reduce the Internet attack surface and risk exposure of the Company system. We also continue to implement the mobile APP security reinforcement project. As a result, the Company’s client-oriented App can complete code encryption through the security reinforcement platform to enhance APP application and data security. In addition, Noah also carries out various emergency plan drills every year and responds to the cloud-based scenario in 2022. We have carried out disaster recovery drills for public and private equity trading systems and Inoah systems to ensure that such architecture is effective and highly available, has the capability of disaster recovery, and meets business continuity requirements. The Attack and Defense Drill (ADD) is a fully simulated actual combat of attack and defense. For all domestic and foreign external businesses of the Group, more than a dozen cyberattack scenarios are simulated to test the Company’s work achievements in information security management, technical prevention and control, and security contingency stages. By virtue of the actual combat drill, the security awareness of corporate technical personnel will be enhanced, the attack and defense skills of the security department be tempered, the potential risks of information systems be disclosed, and the improvement and upgrading of information security governance be promoted. In 2022, Noah actively participated in the Attack and Defense Drill project organized by Shanghai's Cybersecurity authorities and implemented an ADD project for one month. During the project, the defender (Blue Team) of Noah Information Security Department and science and technology operation teams successfully detected more than 10 attack nodes from inside and outside China, involving domestic operators, public cloud, Europe and the United States, Southeast Asia, etc. In the process of attack and defense, Noah’s protection mechanism successfully intercepted all external attacks at all technical levels. At the same time, in the risk assessment of the business process, the security risks in the information system were effectively identified, and all the risk items were rectified after the drill. Through this actual combat, the security team can have a clearer understanding of its shortcomings, pointing out the direction for the evolution and exploration of security governance in the technical respect. Emergency Response Plan for Data Leakage Events In 2021, Noah formulated the Noah Emergency Plan for Client Information Leakage. According to the Plan, if any of our clients’ information disclosure is detected, the Information Security Department will uniformly organize early warning response work, launch the Emergency Plan, and determine the security level of such incidents. It will also notify the relevant business collaboration entity to handle such incidents and keep evidence. For a preeminent client information leakage event that meets the conditions for regulatory reporting, the Information Security Department and Compliance Department of the Group shall send a summary report in writing to the cybersecurity department and other regulatory authorities where the event occurs. In 2022, Noah formulated the Noah Network and Wire Fraud Emergency Plan to respond to network and wire fraud emergencies. Based on the principle of unified organization and hierarchical command, an emergency response team was formed by the Group's information security department, public affairs department, and legal department while other departments collaborated to carry out emergency response to network and wire frauds.

138 139 ESG Fulfill Social Responsibility with Compassion and Charity Besides maintaining innovation and proper direction in our development, Noah spares nothing in its devotion to public welfare. Noah acts as a model for the industry and contributes to society to ensure material and emotional wellbeing and leverage social influence to take corporate social responsibility. Actions speak louder than words, and Noah has taken many steps, particularly in four major areas. Other than actively responding to the state’s poverty reduction strategy, we have donated to more than 30 public welfare programs such as “Harbor of Stars” program for helping autistic children, “Education for All” internet-based volunteer teacher program, “Noah’s Ark” green peafowl protection program and “One Hundred Million Saxauls” desertification reduction program. Noah Community Investment Policy

140 141 ESG Related UN Sustainable Development Goals Empowering poverty reduction and community building Promoting equality in education Caring for autistic children Bolstering environmentally sustainable development Goal 1 No Poverty Goal 4 Quality Education Goal 3 Good Health and Well-being Goal 13 Climate Action Goal 15 Life on Land Noah’s Social Contribution Related UN Sustainable Development Goals Distribution of Social Contributions in 2022 Distribution of Public Welfare Contributions in 2022 Charitable Donation Social Investment Business Initiative Total 100 ％ 0 ％ 0 ％ 100 ％ Type Proportion Type Proportion Donations to Pandemic Combat Promotion of Education Equality Sustainable Development Others Poverty Reduction and Care for Disadvantaged Groups Total 35 ％ 12 ％ 25 ％ 7 ％ 21 ％ 100 % Leveraging Social Influence The Noah Foundation has collaborated extensively with influential social organizations such as the Society of Entrepreneurs and Ecology Conservation (SEE), China Volunteer Service Foundation, Shanghai Overseas Chinese Foundation, Shanghai United Foundation, Fosun Foundation and Teach for China, and campaigns such as Noah Care and SEE “Noah Forest” is gradually turning into public welfare brands. Noah’s Public Welfare Collaborations and Actions in 2022 We jointly guarding Shanghai during the pandemic When Shanghai was trapped in the pandemic in 2022, which was called the battle without gunpowder, Noah joined hands with the public to safeguard this city. In the face of the raging pandemic, Noah collected supplies through multiple channels and donated and transported them to those areas which were most hit. During this period, Noah donated RMB1.13 million in the form of materials and money, signalizing Noah's charitable contribution during this special period. Women’s Social Power Noah’s influence on women comes from the inside out. From Ms. Jingbo Wang, Co-Founder, Chairwoman of the Board of Directors and CEO, to Founding Investor and Executive Director Ms. Frances Chia Yue Chang, the clout of these and other core female senior managers of Noah have continuously made positive impacts at the workplace. The figures and voices of these acclaimed female leaders are seen and heard on Noah’s WeChat official account and at leadership conferences throughout the year and a myriad of top-tier business summits, financial and wealth management industry forums, and media. They have emerged as role models in the eyes of many women, promoting many female-oriented Noah services surrounding wealth management and education. Their feminine charisma and social influence represent diversity in opinion and respect for differences and symbolize more equal opportunities for women and a broader spectrum of possibilities.

142 143 ESG Total 100 % Total 100 % Shanghai Noah Foundation Noah Foundation is a non-public foundation with AAA level, launched by Noah on February 21, 2014, and registered with the Shanghai Civil Affairs Bureau. It focuses on spiritual wellbeing, Help for the Disadvantaged, and other social welfare items in the field of civil affairs. The projects cover four major areas: spiritual wellbeing, care for autism, rural revitalization, and emergency disaster relief. Donation Income of Public Welfare Foundation in 2022 Donation Expenditure of Public Welfare Foundation in 2022 SEE SEE Teach for China Teach for China Anti-pandemic efforts Anti-pandemic efforts Autism Assistance for students Assistance for the elder Autism Care for patients Volunteer services Noah Investment Group Assistance for the elder Rural revitalization Care for patients Assistance for students (Azalea) Assistance for students 19 ％ 25 ％ 7 ％ 9 ％ 12 ％ 35 ％ 6 ％ 2 % 2 % 12 ％ 5 % 5 ％ 46 ％ 2 % 2 % 7 ％ 1 % 3 % Item Proportion Item Proportion Public Welfare Honors 1.Rated A+ Foundation with 100 points on the CFC Transparency Index FTI 2022; 2.The Funds from Harbor of Stars Caring for Autistic People Project won the Best Fundraising Case from Lianquan 3.Noah takes responsibility during the pandemic to show care. During the pandemic in 2022, Noah’s efforts in pandemic were recognized by the Civil Affair Bureau 4.The Sunshine Shed Project of Yadong Township Kindergarten in Shigatse, Tibet was commended by the Cooperation and Exchange Office of the Shanghai Municipal People's Government and the Shanghai Civil Affairs Bureau 5.The efforts in the pandemic in 2022 were commended by the leading group office for COVID-19 prevention and control in Huangpu District 6.Noah was awarded the Outstanding Public Welfare Base in Yangpu District in 2022 7.Noah was awarded the title of "Top Ten Community Public Welfare Partners" in the Minhang District

144 145 ESG (1) Harbor of Stars - Caring for Autistic Children Harbor of Stars - Caring for Autistic Children program was initiated by the Noah Foundation in 2015 and is a public welfare program that aims to help autistic people in China. The program is dedicated to aiding particular education institutions for autistic people, autism educators professional skills improvement, spiritual empowerment for parents of autistic children, support for rehabilitation of autistic children, employment assistance for autistic adults, and public welfare advocacy for autism. A cumulative total amount of more than RMB4.4 million has been raised and donated to benefit autism as of 2022. In August 2022, continuing the Youth Charity Leadership Development Competition in 2021, the Noah Foundation held the Youth Charity Influence Summer Camp - Visible Influence in Shanghai during the summer. During the event, while collaborating with the SEE East China Sea Project Center, SEE Southwest Project Center, Rainbow Rain Children's Training Center, and Flying Children's Enlightenment Center, the Noah Foundation carried out activities such as the Beach Environmental Protection Action in Chongming East, Create With You, Public Speech Enhancement, and Online Fundraising. In the end, the Youth Charity Influence Summer Camp raised RMB33,142.47 to support the rehabilitation course and procure teaching equipment for Rainbow Rain Children's Training Center and Flying Children's Enlightenment Center. From September 7 to 9, 2022, the Noah Foundation launched a charity sale at its headquarter. In addition to the paintings and handicrafts made by children from Funds from Harbor of Stars Caring for Autistic People Project sponsored by the autism agency, the Foundation encouraged employees to share their items, books, art supplies, necessities and toys that were out of use. All the funds raised during the charity sale were used to support the Funds from Harbor of Stars Caring for Autistic People Project. This event collected RMB43,331.21 from over 316 people. From September 18 to 19 2022, the Noah Foundation, along with volunteers from employees, clients, and campers of the Youth Leaders Summer Camp, visited Shanghai Flying Children's Intelligence Training Service Center and Shanghai Rainbow Rain Autism Children's Service Institution funded by the Funds from Harbor of Stars Caring for Autistic People Project offline. (2) Education through Poverty Reduction The Noah Foundation has long been committed to education development, including efforts in over 20 isolated and impoverished areas throughout Qinghai, Xinjiang, Guizhou, Gansu, Yunnan, and Sichuan, directly benefiting 5,042 underprivileged students in the past three years. The Noah Foundation donated RMB408,000 in 2022 to aid education and poverty reduction endeavors in different areas. The Foundation donated a cumulative sum of RMB5.3796 million for education through poverty reduction between 2015 and 2022. •Teach for China - Western China Volunteer Teacher program strives to provide equal access to high-quality education for all children of China regardless of background. •Fir Program - Education and Development aims to ignite the ambition in youngsters and motivate them to improve their comprehensive abilities. In 2022, Noah made three donations related to teaching or poverty alleviation, including RMB10,000 for children with congenital heart disease in Yunnan, RMB300,000 for Teach for China, RMB90,000 for impoverished students in Xinjiang, with RMB400,000 for rural revitalization projects in total. (3)Rural Revitalization Our efforts in rural revitalization have donated RMB1.193 million from 2019 to 2021. Funds were used for transportation, water supply and electricity, and industry- and tourism-based poverty alleviation efforts for the underprivileged in remote areas. •Cooperated with SEE and other organizations for ecology-based poverty reduction for 9 years since 2014. •Actively responded to the proposal of the Shanghai Civil Affairs Bureau to launch the "163 Million Charity Action" for rural revitalization, and assisted in consolidating and extending the achievements of poverty alleviation and pushing forward all-round rural vitalization in Shangri-La, Yunnan, which is Noah’s pairing-up assistance area. (4) Support for Pandemic Prevention During the pandemic period in 2022, Noah Foundation established the Alliance for Heroes in Harm’s Way to promptly and timely deliver materials we donated, including surgical gowns, N95 masks, vegetables, eggs, milk, etc. to the most pandemic-hit cities such as Hangzhou, Wuxi, Ningbo, Suzhou, Zhengzhou, Beijing, Nanjing, Wuhan, Shanghai, etc. Through this donation, Hubei Maternal and Child Health Hospital were voluntarily involved in the 2nd Star Harbor Youth Charity Leadership Development Competition in Wuhan District. Meanwhile, the foundation cooperated with the Shanghai Civil Affairs Bureau on requests for demands, found and lost, allocation of material, and delivery. In association with multiple foundations, Noah purchased 24 refrigerators within 24 hours and delivered them to five mobile cabin hospitals in Huangpu District, which was covered by Shanghai Observer. In the end, Noah Foundation donated 65 batches of materials worth RMB1.12 million. Main Projects of the Public Foundation in 2022 Laws, Regulations and Rules Involved Corporate Governance Honest Operation Sustainable Development Sustainable Finance Sustainable Operation Issue Laws, Regulations, and Rules Chapter •Code of Business Conduct and Ethics •Compliance Manual •Management Methods for Handling Risky Events •Audit and Accountability Procedures for Noah •Code of Noah Code of Business Conduct and Ethics for Noah Employees •Anti-Money Laundering Law of the People’s Republic of China •Anti-Money Laundering Regulations for Financial Institutions •Administrative Measures for the Reporting of Large-Value Transactions and Suspicious Transactions by Financial Institutions •Administrative Measures for the Retention of Customer Identification, Customer Identify Data, and Transaction Records by Financial Institutions •Measures for the Supervision and Administration of Distributors of Publicly Offered Securities Investment Funds •Noah Fund Anti-Money Laundering and Tax-Related Information Due Diligence System •Noah Compliant Reporting Methods •Reward and Punishment Management Methods •Audit and Accountability Procedures for Noah •Code of Noah Code of Business Conduct and Ethics for Noah Employees •Supplementary Provisions on Regulatory Matters Concerning Promotional Materials for Securities Investment Funds •Measures for Product Promotional Materials Management •Business Continuity Management System Anti-Bribery and Anti-Corruption Rules •Supplier Management System •Noah Supply Chain ESG Management Principles •Supplementary Provisions on Regulatory Matters Concerning Promotional Materials for Securities Investment Funds •Measures for Product Promotional Materials Management •Paris Agreement •Anti-Commercial Bribery and Anti-Fraud Provisions •Sustainable Development Initiatives for Industry and Information Technology Companies •United Nations Principles for Responsible Investment •Noah Responsible Investment Policy •Noah Tax Policy •Noah Responsible Investment Policy VI. Business Ethics and Integrity as Key to Steady Progress i. Anti Bribery and Corruption VI. Business Ethics and Integrity as Key to Steady Progress ii. Legal Compliance VII. Green Efforts to Drive Sustainable Growth i. Sustainable Management VII. Green Efforts to Drive Sustainable Growth ii. Sustainable Finance VII. Green Efforts to Drive Sustainable Growth iii. Sustainable Operation

146 147 ESG GRI Index Management Approach Management Approach Interpretation of key topics and their boundary Management approach and its components Evaluation of the management approach GRI Indicator G103-1 48-50 147-151 G103-3 150-151 G103-2 Indicator Code Indicator Heading Page/URL Issue Laws, Regulations, and Rules Chapter Sustainable Operation Sustainable Environment Employment Diversified Development, Recruitment, and Retention Occupational Health and Safety Competitive Compensation System Labour Standards Information Security Privacy Protection •Securities Investment Fund Law of the People’s Republic of China •Measures for the Sale of Securities Investment Funds •ISO 27001 Certification: Information Security Management Systems •ISO 29151 Certification: Guide to the Protection of Personal Identity Information •Cybersecurity Law of the People’s Republic of China •Data Security Law •Personal Information Protection Law •Noah Information Security Principles and Policies •Privacy Policy •Noah Data Security Regulations •Noah Measures for Information Security Compliance Management •Noah Sensitive Information Management Specification •Privacy Policy for Noah Upright •Privacy Policy for iNoah •Measures for the Regulation of Informatization Work of Insurance Intermediaries •Classification Specifications for Classified Protection of Cyber Security for Noah •Noah Implementation Rules for the Management of Outsourcing and Supplier’s Information Security •Noah Public Cloud Information Security Management Requirements •Noah Emergency Plan for Client Information Leakage •Noah Measures for Mentor Management •Management Measures for Compliant Certifications of Noah Employees •Labor Law of the People's Republic of China •Noah Energy and Environment Policies •Employee Manual •Noah Recruitment Management System •Sexual Harassment Prevention Policy •Noah Health and Safety Policy VII. Green Efforts to Drive Sustainable Growth iii. Sustainable Operation VIII. Appoint the Virtuous and Use the Able to Attract Diversified Human Resources iv. Competitive Compensation System VII. Green Efforts to Drive Sustainable Growth iv. Sustainable Environment VIII. Appoint the Virtuous and Use the Able to Attract Diversified Human Resources iii. Diversified Development, Recruitment, and Retention VIII. Appoint the Virtuous and Use the Able to Attract Diversified Human Resources iii. Diversified Development, Recruitment, and Retention VIII. Appoint the Virtuous and Use the Able to Attract Diversified Human Resources iii. Diversified Development, Recruitment, and Retention VIII. Appoint the Virtuous and Use the Able to Attract Diversified Human Resources iv. Competitive Compensation System VIII. Appoint the Virtuous and Use the Able to Attract Diversified Human Resources iv. Competitive Compensation System IX. Commitment to Constant Improvement: Innovation Ushers in Reform and Progress iv. Privacy Data and Security

148 149 ESG GRI 103 Management Approach Material Topics Management Approach Disclosure Purpose and Goal Policy Action (Page) Material Topics Management Approach Disclosure Purpose and Goal Policy Action (Page) Economic performance Energy Employment Training and Education Diversity and Equal Opportunity Client Privacy Market Presence Anti-Corruption Competitive Behavior 64 96-97 89-90 98-104 130-137 25,86-87,90 76-78 33-37 33-37 We have a well-established corporate governance structure, including independent directors and supervisors, an audit and strategy committee, and an internal audit unit to effectively control operating costs and development direction. To champion the notion of “harmonious coexistence between man and nature” stated in the report of the 19th CPC National Congress, Noah upholds its corporate responsibility for environmentally sustainable development and has developed the “Sustainable Home” blueprint for this pursuit. We are committed to providing a career platform rich in development opportunities and aspire to be the most popular first-class benchmark enterprise among employees. We want employees with the expertise and attitude to provide the best for Noah’s clients. Noah values the right of employees to work and to freely assemble and associate. To protect the rights and interests of employees at work, we have established relevant personnel management rules and appeal procedures. Client personal information is considered the Company’s top-secret data, and Noah takes all necessary measures to ensure that such data are not leaked, modified or improperly deleted to comply with privacy protection requirements stipulated in national rules and regulations, including the Cybersecurity Law of the People’s Republic of China. Noah has established compensation standards and packages for different business lines and regular compensation management rules to further implement Noah’s compensation philosophy and strategy. To firmly support the national anti-corruption campaign, we actively comply with the Anti-Money Laundering Law of the People’s Republic of China, the Anti-Money Laundering Regulations for Financial Institutions, the Administrative Measures for the Reporting of Large-Value Transactions and Suspicious Transactions by Financial Institutions, and the Administrative Measures for the Retention of Customer Identification, Customer Identify Data, and Transaction Records by Financial Institutions, and other laws and regulations. To firmly support the national anti-corruption campaign, we actively comply with the Anti-Money Laundering Law of the People’s Republic of China, the Anti-Money Laundering Regulations for Financial Institutions, the Administrative Measures for the Reporting of Large-Value Transactions and Suspicious Transactions by Financial Institutions, and the Administrative Measures for the Retention of Customer Identification, Customer Identify Data, and Transaction Records by Financial Institutions, and other laws and regulations. The Anti-Money Laundering Law of the People’s Republic of China, the Anti-Money Laundering Regulations for Financial Institutions, the Administrative Measures for the Reporting of Large-Value Transactions and Suspicious Transactions by Financial Institutions, the Administrative Measures for the Retention of Customer Identification, Customer Identify Data, and Transaction Records by Financial Institutions, the Anti-Commercial-Bribery, and Anti-Fraud Provisions Compliant Mechanism • Noah Audit Department • tousu@noahwm.com • 021-80358372 The Anti-Money Laundering Law of the People’s Republic of China, the Anti-Money Laundering Regulations for Financial Institutions, the Administrative Measures for the Reporting of Large-Value Transactions and Suspicious Transactions by Financial Institutions, the Administrative Measures for the Retention of Customer Identification, Customer Identify Data, and Transaction Records by Financial Institutions -- Complaint Mechanism • Noah Audit Department • tousu@noahwm.com • 021-80358372 As a wealth management and asset management leader focused on serving China’s HNW individuals, we are committed to meeting our clients’ evolving wealth allocation needs. Reduce environmental impacts caused during business operations. To become the number one choice for capable human resources aspiring for a career in the wealth management industry. In addition to our employees’ professional functions and workplace competitiveness, we also ensure that our clients receive the best professional services. A diversified team can translate into greater creativity and innovation. Ensure strict protection of client personal data. Four Systems: programs, courses, instructors, platforms Five Modules: the scope of training includes cultural integration, professionalism, management, wealth business, general skills •Employee Manual •Noah Recruitment Management System •Sexual Harassment Prevention Policy •Personnel Management Specifications Complaint Mechanism •Sexual Harassment Complaint Mechanism Noah Information Security Principles and Policies, Privacy Policy, Noah Data Security Regulations, and ISO 27001 and ISO 29151 certifications -- Complaint Mechanism • email Client Service • 400-820-0025 Hotline Noah Energy and Environment Policy Uphold our corporate social responsibility by caring for our employees. Manage and ensure our operations comply with professional ethics and business integrity principles to eliminate any opportunity for corruption. Thus, we ensure that our operations are conducted with commercial integrity to prevent corruption. Compensation Committee and compensation management rules

150 151 ESG GRI 103 Evaluation of Management Approach Material Issue Evaluation Mechanism Evaluation Result (Page) Related Adjustments 64 96-97 33-37 33-37 98-104 130-137 25,86-87,90 89.90 Economic Performance Anti-Competitive Behavior Diversity and Equal Opportunity Client Privacy Market Presence Anti-Corruption Employment Training and Education None None None None None None None None Independent directors, internal audit, and relevant state assessment Independent Director, Compensation Committee, and compensation management rules Noah Group Audit Department, Audit Committee, and employees are required to read the Compliance Manual online and pass the subsequent tests each year. Noah Group Audit Department, Audit Committee, and employees are required to read the Compliance Manual online and pass the subsequent tests each year. Noah Care Academy, Professional Training Department, and three-stage training • ISO 27001 Certification: Information Security Management Systems • Special inspections by Information Security Department, network Attack and Defense Drill (ADD) Independent director and internal audit 360-degree feedbacks, debriefing meeting, and triennial review for employment renewal

152 153 ESG GRI General Disclosures - Core G102-1 Form 20-F Exhibit 8.1 2022/1/1-2022/12/31 147-160 2022/4/30 1 G102-40 G102-41 G102-42 G102-43 G102-44 G102-45 G102-46 G102-47 G102-48 G102-49 G102-50 G102-51 G102-52 G102-53 G102-54 G102-55 G102-56 50-51 50-51 48-49 48-49 51 51 G102-2 G102-3 G102-4 G102-5 G102-6 G102-7 G102-11 G102-8 G102-12 G102-9 G102-13 G102-10 G102-14 G102-18 G102-16 6-7 12 12-13 89-90 72-73 64-70 56 61 4-5 7 16-17,23-26 6-7,12-13,64,89 GRI Indicator GRI Indicator Organization Profile Stakeholder Engagement Reporting Practice Strategy Governance Ethics and Integrity Name of the organization List of stakeholder groups Collective bargaining agreements List of material topics Restatement of information Changes in reporting Reporting period Date of most recent report Reporting cycle GRI content index External assurance Key topics and concerns raised Identifying and selecting stakeholders Entities included in the consolidated financial statement Defining report content and topic Boundaries Contact point for questions regarding the report Claims of reporting in accordance with the GRI standards Approach to stakeholder engagement None None None None Once a year Core Location of operation Chinese Mainland Shanghai Ownership and legal form Markets served Supply chain External initiatives Scale of the organization Information on employees and other workers Significant change to the organizations and its supply chain Precautionary principle or approach Membership of associations Statement from decision-maker Values, principles, standards, and norms of behavior Governance structure Location of headquarter Activities, brands, products, and services Noah Holdings Private Wealth and Asset Management Limited (incorporated in the Cayman Islands with limited liability under the name Noah Holdings Limited and carrying on business in Hong Kong as Noah Holdings Private Wealth and Asset Management Limited) Indicator Code Indicator Heading Page/URL Indicator Code Indicator Heading Page/URL None

154 155 ESG Topic-specific disclosures - GRI 200 G205-2 G205-3 G204-1 G206-1 G205-1 G207-1 G207-3 G207-4 G207-2 73 41 41 51 33-37 33-37 G201-1 G201-2 G201-3 G201-4 G202-1 G202-2 G203-1 G203-2 64 65 70 105-107 96,105-107 15,96 GRI Indicator Indicator Code Indicator Heading Page/URL GRI Indicator Indicator Code Indicator Heading Page/URL Economic Performance Procurement Practices Anti-competitive Behavior Anti-Corruption Tax Indirect Economic Impacts Market Presence Direct economic value generated and distributed Proportion of spending on local suppliers Operations assessed for risks related to corruption Confirmed incidents of corruption and actions taken Approach to tax Communication and training about anti-corruption policies and procedures Legal actions for anti-competitive behavior, anti-trust, and monopoly practices Tax governance, control, and risk management Stakeholder engagement and management of concerns related to tax Country-by-country reporting Financial implications and other risks and opportunities due to climate change Defined benefit plan obligations and other retirement plans Financial assistance received from government Ratios of standard entry level wage by gender compared to local minimum wage Proportion of senior management hired from the local community Infrastructure investments and services supported Significant indirect economic impacts None None None None None

156 157 ESG Topic-specific disclosures - GRI 300 G301-1 G301-2 G301-3 G302-1 G302-2 G302-3 G302-4 G303-3 G302-5 G303-4 G303-1 G303-5 G303-2 G304-1 G304-3 G304-4 G304-2 G305-1 G305-2 G305-3 G305-4 G305-5 G305-6 G305-7 G306-1 G306-2 G306-3 G306-4 G306-5 G307-1 G308-1 G308-2 78 79 79 74 74 85 76,77 76,77 76,77 73,74 72,80 74 78 75 78 79 79 14,74,76-77 76,77 83-85 83-85 83-85 76,77 GRI Indicator Indicator Code Indicator Heading Page/URL GRI Indicator Indicator Code Indicator Heading Page/URL Materials Emissions Waste Environmental Compliance Supplier Environmental Assessment Energy Water and Effluent Biodiversity Materials used by weight or volume Direct (Scope 1) GHG emissions Energy indirect (Scope 2) GHG emissions Other indirect (Scope 3) GHG emissions GHG emissions intensity Waste generated Waste diverted from disposal Waste directed to disposal Reduction of GHG emissions Emissions of ozone-depleting substances (ODS) Waste generation and significant waste-related impacts Non-compliance with environmental laws and regulations New suppliers that were screened using environmental criteria Negative environmental impacts in the supply chain and actions taken Management of significant waste-related impacts Nitrogen oxides (NOx), sulfur oxides (SOx), and other significant air emissions Reclaimed products and their packaging materials Energy consumption within the organization Energy consumption outside of the organization Reduction of energy consumption Reductions in energy requirements of products and services Management of water discharge-related impacts Operational sites owned, leased, managed in, or adjacent to, protected areas and areas of high biodiversity value outside protected areas IUCN Red List species and national conservation list species with habitats in areas affected by operations Significant impacts of activities, products, and services on biodiversity Interactions with water as a shared resource Energy intensity Water withdrawal Water discharge Water consumption Habitats protected or restored Recycled input materials used None None None None None None None None None

158 159 ESG Topic-specific disclosures - GRI 400 G401-1 G401-2 G401-3 G402-1 G403-1 G403-2 G403-3 G403-7 G403-4 G403-8 G403-5 G403-9 G403-6 G403-10 G404-2 G404-3 G404-1 G405-1 G405-2 G406-1 G407-1 G408-1 G409-1 G410-1 G411-1 G412-1 G412-2 G412-3 G413-1 G413-2 G414-1 G414-2 G415-1 89,90 89 111 73 87,99 105-107 96 109 108 110 98 104 110-111 110-111 111-113 110-113 110,111 110-113 110-113 98-103 110-113 GRI Indicator Indicator Code Indicator Heading Page/URL GRI Indicator Indicator Code Indicator Heading Page/URL Employment Diversity and Equal Opportunity Freedom of association and collective bargaining Rights of Indigenous Peoples Human right assessments Supplier Social Assessment Public policy Local Communities Forced or compulsory labor Security practice Non-discrimination Child Labor Labor/Management Relations Occupational Health and Safety Training and Education New employee hired and employee turnover Diversity of governance bodies and employees Ratio of basic salary and compensationof women to men Operations and suppliers at significant risk for incidents of child labor Employee training on human rights policies or procedures New suppliers that were screened using social criteria Political contributions Negative social impacts in the supply chain and actions taken Significant investment agreements and contracts that include human rights clauses or that underwent human rights screening Operations and suppliers at significant risk for incidents of forced or compulsory labor Security personnel trained in human rights policies or procedures Incidents of violations involving rights of indigenous peoples Operations that have been subject to human rights reviews or impact assessments Operations with local community engagement, impact assessments and development programs Operations with significant actual and potential negative impacts on local communities Incidents of discrimination and corrective actions taken Operations and suppliers in which the right to freedom of association and collective bargaining may be at risk Minimum notice periods regarding operational changes Occupational health and safety management system Hazard identification, risk assessment, and incident investigation Worker training on occupational health and safety Average hours of training received by per year per employee Programs for upgrading employee skills and transition assistance programs Percentage of employees receiving regular performance and career development reviews Worker participation, consultation, and communication on occupational health and safety Workers covered by an occupational health and safety management system Parental leave Occupational health services Promotion of worker health Work-related injuries Work-related ill health Benefits provided to full-time employees that are not provided to temporary or part-time employees Prevention and mitigation of occupational health and safety impacts directly linked by business relationships None None None None None None None None None None None None

160 161 ESG G416-1 G416-2 G417-1 G417-2 G417-3 G418-1 G419-1 SASB Standards Disclosure Reference Table Topic Accounting Metric Page 47 38-40 38-40 88 56 37 119-129 52-53 56-59 38-40 GRI Indicator Indicator Code Indicator Heading Page/URL Customer Health and Safety Transparent Information & Fair Advice for Clients Incorporation of Environmental, Social, and Governance Factors in Investment Management & Advisory Employee Diversity & Inclusion Business Ethics Socioeconomic compliance Marketing and labeling Customer Privacy Assessment of the health and safety impacts of product and service categories (1) Number and (2) percentage of covered employees with a record of investment-related investigations, consumer-initiated complaints, private civil litigations, or other regulatory proceedings Percentage of gender and racial/ethnic group representation for (1) executive management, (2) non-executive management, (3) professionals, and (4) all other employees Amount of assets under management, by asset class, that employ (1) integration of environmental, social, and governance (ESG) issues, (2) sustainability-themed investing, and (3) screening Total amount of monetary losses as a result of legal proceedings associated with fraud, insider trading, antitrust, anti-competitive behavior, market manipulation, malpractice, or other related financial industry laws or regulations Description of approach to incorporation of environmental, social, and governance (ESG) factors in investment and/or wealth management processes and strategies Description of proxy voting and investee engagement policies and procedures Total amount of monetary losses as a result of legal proceedings associated with marketing and communication of financial product-related information to new and returning clients Description of approach to informing clients about products and services Description of whistleblower policies and procedures Requirements for product and service information and labeling Incidents of noncompliance concerning marketing communications Noncompliance with laws and regulations in the social and economic area Incidents of noncompliance concerning product and service information and labeling Incidents of non-compliance concerning the health and safety impacts of products and services Substantiated complaints concerning breaches of client privacy and losses of customer data None None None None None None

162 163 ESG Hong Kong Stock Exchange ESG Reporting Guide Content Index A.Environmental Page 75 78 75,79-81 75,79-81 76,77 76,77 A1. Emissions General disclose A1.1 KPI A1.1 A1.2 KPI A1.2 A1.2 KPI A1.3 A1.2 KPI A1.4 A1.2 KPI A1.5 A1.2 KPI A1.6 Information on: (a) the policies; and (b) compliance with relevant laws and regulations that have a significant impact on the issuer relating to air and greenhouse gas emissions, discharges into water and land, and generation of hazardous and non-hazardous waste. Note: Air emissions include NOx, SOx, and other pollutants regulated under national laws and regulations. Greenhouse gases include carbon dioxide, methane, nitrous oxide, hydrofluorocarbons, perfluorocarbons and sulphur hexafluoride. Hazardous wastes are those defined by national regulations. Direct (Scope 1) and energy indirect (Scope 2) greenhouse gas emissions (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility). Description of how hazardous and non-hazardous wastes are handled, and a description of reduction target(s) set and steps taken to achieve them. Total hazardous waste produced (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility). Total non-hazardous waste produced (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility). Description of emissions target(s) set and steps taken to achieve them. The types of emissions and respective emissions data. None 75 76,77 76,77 44,70-72 78,81 75,77,81 75 75 71 A1. Emissions A3. The Environment and Natural Resources A4. Climate Change General Disclosure General disclose General disclose General disclose A2.1 KPI A2.1 A2.1 KPI A2.2 A2.1 KPI A2.3 A2.1 KPI A2.4 A2.1 KPI A2.5 A3.1 KPI A3.1 A4.1 KPI A4.1 Policies on the efficient use of resources, including energy, water and other raw materials. Note: Resources may be used in production, in storage, transportation, in buildings, electronic equipment, etc. Direct and/or indirect energy consumption by type (e.g. electricity, gas or oil) in total (kWh in ’000s) and intensity (e.g. per unit of production volume, per facility). Description of energy use efficiency target(s) set and steps taken to achieve them. Description of whether there is any issue in sourcing water that is fit for purpose, water efficiency target(s) set and steps taken to achieve them. Total packaging material used for finished products (in tonnes) and, if applicable, with reference to per unit produced. Description of the significant impacts of activities on the environment and natural resources and the actions taken to manage them. Policies on identification and mitigation of significant climate-related issues which have impacted, and those which may impact, the issuer. Description of the significant climate-related issues which have impacted, and those which may impact, the issuer, and the actions taken to manage them. Policies on minimising the issuer's significant impacts on the environment and natural resources. Water consumption in total and intensity (e.g. per unit of production volume, per facility). 77 Due to the nature of our business, Noah does not have direct (Scope 1) emissions data. Indirect (Scope 2) emissions are reported as described in the above pages.

164 165 ESG Hong Kong Stock Exchange ESG Reporting Guide Content Index B. Social Page B. Social Page Employment and Labor Practices Employment and Labor Practices B1. Employment B4. Labour Standards B5. Supply Chain Management B2. Health and Safety B3. Development and Training 106-113 87 87 73 86,87 72,73 72,73 72,73 80,81 90 110 110 110 110 100 100 101,103 88,89 General disclose General disclose General disclose General disclose General disclose B1.1 KPI B1.1 B4.1 ΚPΙ B4.1 B4.1 ΚPΙ B4.2 B5.1 KPI B5.1 B5.1 KPI B5.2 B5.1 KPI B5.3 B5.1 KPI B5.4 B2.1 KPI B2.1 B2.1 KPI B2.2 B2.1 KPI B2.3 B3.1 KPI B3.1 B3.1 KPI B3.2 B1.1 KPI B1.2 Information on: (a) the policies; and (b) compliance with relevant laws and regulations that have a significant impact on the issuer relating to compensation and dismissal, recruitment and promotion, working hours, rest periods, equal opportunity, diversity, anti-discrimination, and other benefits and welfare. Information on: (a) the policies; and (b) compliance with relevant laws and regulations that have a significant impact on the issuer relating to preventing child and forced labour. Description of measures to review employment practices to avoid child and forced labour. Description of practices relating to engaging suppliers, number of suppliers where the practices are being implemented, and how they are implemented and monitored. Description of practices used to identify environmental and social risks along the supply chain, and how they are implemented and monitored. Description of practices used to promote environmentally preferable products and services when selecting suppliers, and how they are implemented and monitored. Description of steps taken to eliminate such practices when discovered. Policies on managing environmental and social risks of the supply chain. Number of suppliers by geographical region. Information on: (a) the policies; and (b) compliance with relevant laws and regulations that have a significant impact on the issuer relating to providing a safe working environment and protecting employees from occupational hazards. Policies on improving employees' knowledge and skills for discharging duties at work. Description of training activities. Note: Training refers to vocational training. It may include internal and external courses paid by the employer. Number and rate of work-related fatalities occurred in each of the past three years including the reporting year. Description of occupational health and safety measures adopted, and how they are implemented and monitored. The percentage of employees trained by gender and employee category (e.g. senior management, middle management). The average training hours completed per employee by gender and employee category. Lost days due to work injury. Total workforce by gender, employment type (for example, full- or part-time), age group and geographical region. Employee turnover rate by gender, age group and geographical region.

166 167 ESG 47 38,40,121 31,33,37 132,133 138-140 139,140 33,34 38,40 34 139 B. Social Page Employment and Labor Practices B6. Product Responsibility General disclose B7. Anti-corruption General disclose B8. Community Investment General disclose B6.1 KPI B6.1 B6.1 KPI B6.2 B6.1 KPI B6.3 B6.1 KPI B6.4 B6.1 KPI B6.5 B7.1 ΚPΙ B7.1 B7.1 ΚPΙ B7.2 B7.1 ΚPΙ B7.3 B8.1 KPI B8.1 B8.1 KPI B8.2 Information on: (a) the policies; and (b) compliance with relevant laws and regulations that have a significant impact on the issuer relating to health and safety, advertising, labelling and privacy matters relating to products and services provided and methods of redress. Information on: (a) the policies; and (b) compliance with relevant laws and regulations that have a significant impact on the issuer relating to bribery, extortion, fraud and money laundering. Policies on community engagement to understand the needs of the communities where the issuer operates and to ensure its activities take into consideration the communities' interests. Focus areas of contribution (e.g. education, environmental concerns, labour needs, health, culture, sport). Resources contributed (e.g. money or time) to the focus area. Number of concluded legal cases regarding corrupt practices brought against the issuer or its employees during the reporting period and the outcomes of the cases. Description of preventive measures and whistle-blowing procedures, and how they are implemented and monitored. Description of anti-corruption training provided to directors and staff. Percentage of total products sold or shipped subject to recalls for safety and health reasons. Number of products and service related complaints received and how they are dealt with. Description of practices relating to observing and protecting intellectual property rights. Description of consumer data protection and privacy policies, and how they are implemented and monitored. Description of quality assurance process and recall procedures. The Group’s business does not involve products The Group’s business does not involve products 133