Noah Holdings Limited (NYSE: NOAH and HKEX: 6686) is a leading and pioneer wealth management service provider offering comprehensive one-stop advisory services on global investment and asset allocation primarily for Mandarin-speaking high-net-worth investors. In the first nine months of 2024, Noah distributed RMB47.6 billion (US$6.8 billion) of investment products. Through Gopher Asset Management and Olive Asset Management, Noah had assets under management of RMB150.1 billion (US$21.4 billion) as of September 30, 2024.
Noah's wealth management business primarily distributes private equity, public securities and insurance products denominated in RMB and other currencies. Noah's network covers major cities in mainland China, as well as Hong Kong (China), New York, Silicon Valley, Singapore, and Los Angeles. The Company’s wealth management business had 460,380 registered clients as of September 30, 2024. Through Gopher Asset Management and Olive Asset Management, Noah manages private equity, public securities, real estate, multi-strategy and other investments denominated in RMB and other currencies. Noah also operates other services.
Noah was founded in 2005.
Our principal executive Offices are located at Noah Wealth Center, No.1226 Shenbin South Road, Minhang District, Shanghai, China.
As of September 30, 2024, Noah's network covers major cities in mainland China, as well as Hong Kong (China), New York, Silicon Valley, Singapore, and Los Angeles.
Noah has 2,110 employees as of September 30, 2024.
Noah’s American Depositary Shares (ADSs) have been listed on the New York Stock Exchange since November 10, 2010, under the symbol “NOAH”.
Its ordinary shares have been listed on the Main Board of The Stock Exchange of Hong Kong Limited on July 13, 2022 and conversed its secondary listing status to a primary listing status on December 23, 2022, stock code: 6686.HK.
Noah is now a dual-primary listed company on both the Hong Kong Stock Exchange and the New York Stock Exchange.
Each ADS represents five ordinary shares.
On November 29, 2023, the Board approved a new capital management and shareholder return policy (the “Policy”) where up to 50% the Company's non-GAAP net income attributable to shareholders of the preceding financial year will be allocated to a Corporate Actions Budget which will serve various purposes, including dividend distribution and share repurchases. Under the Policy, the Board has approved that no less than 35% of the Company's non-GAAP net income attributable to shareholders of the preceding financial year will be allocated toward dividends to be distributed in each calendar year.
On March 26, 2024, the Board approved an annual dividend of approximately RMB509.0 million in aggregate for the year ended December 31, 2023, which is equivalent to 50% of Noah’s annual non-GAAP net income attributable to shareholders. The Board has also approved a non-recurring special dividend of approximately RMB509.0 million in total. The annual and special dividend payment plan was approved at the Annual General Meeting held on June 12, 2024.
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Noah's fiscal year ends on December 31.
Please direct investor related questions to E-mail: ir@noahgroup.com.