Noah Holdings Limited Announces Results of Annual General Meeting
SHANGHAI,Dec. 16, 2022/PRNewswire/ -- Noah Holdings Limited (the "Company" or "Noah") (NYSE:NOAHand HKEX: 6686), a leading and pioneer wealth management service provider inChina提供全面的一站式咨询服务on global investment and asset allocation primarily for high net worth investors, today announced that its annual general meeting (the "AGM") was held inSingaporeonDecember 16, 2022and all the proposed resolutions submitted for shareholders' approval as set forth in the circular of the Company and notice of the AGM, both datedNovember 14, 2022, were duly passed at the AGM.
All necessary shareholders' approval in respect of the Company's proposed conversion to primary listing on The Stock Exchange of Hong Kong Limited (the "Proposed Conversion") has been obtained at the AGM. From the date of this announcement until the effective date of the Proposed Conversion, which is expected to beDecember 23, 2022(the "Effective Date"), the Company will continue to make the necessary arrangements to facilitate compliance with all applicable laws, regulation and stock exchange rules as a dual-primary listed issuer on The Stock Exchange of Hong Kong Limited and the New York Stock Exchange upon the Effective Date.
ABOUT NOAH HOLDINGS LIMITED
Noah Holdings Limited (NYSE:NOAHand HKEX:6686) is a leading and pioneer wealth management service provider inChina提供全面的一站式咨询服务on global investment and asset allocation primarily for high net worth investors. Noah is aCayman Islandsholding company and carries on business inHong Kongas Noah Holdings Private Wealth and Asset Management Limited. In the first nine months of 2022, Noah distributedRMB52.3 billion(US$7.3 billion) of investment products. Through Gopher Asset Management, Noah had assets under management ofRMB156.2 billion(US$22.0 billion) as ofSeptember 30, 2022.
Noah's wealth management business primarily distributes private equity, private secondary, mutual fund and other products denominated in RMB and other currencies. Noah's network covers 76 cities in mainlandChina, as well as offices inHong Kong,Taiwan,New York, Silicon Valley andSingapore.A total of 1,257 relationship managers provide customized financial solutions for clients through this network, and meet their international investment needs. The Company's wealth management business had 433,250 registered clients as ofSeptember 30, 2022.Through Gopher Asset Management, Noah manages private equity, public securities, real estate, multi-strategy and other investments denominated in RMB and other currencies. The Company also provides other services.
For more information, please visit Noah atir.noahgroup.com.
SAFE HARBOR STATEMENT
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Noah may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in announcements, circulars or other publications made on the website of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange"), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Noah's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause Noah's actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: its goals and strategies; its future business development, financial condition and results of operations; the expected growth of the wealth management and asset management market inChinaand internationally; its expectations regarding demand for and market acceptance of the products it distributes; investment risks associated with investment products distributed to Noah's investors, including the risk of default by counterparties or loss of value due to market or business conditions or misconduct by counterparties; its expectations regarding keeping and strengthening its relationships with key clients; relevant government policies and regulations relating to its industries; its ability to attract and retain qualified employees; its ability to stay abreast of market trends and technological advances; its plans to invest in research and development to enhance its product choices and service offerings; competition in its industries inChinaand internationally; general economic and business conditions globally and inChina; and its ability to effectively protect its intellectual property rights and not to infringe on the intellectual property rights of others. Further information regarding these and other risks is included in Noah's filings with the U.S. Securities and Exchange Commission and the Hong Kong Stock Exchange. All information provided in this press release and in the attachments is as of the date of this press release, and Noah does not undertake any obligation to update any such information, including forward-looking statements, as a result of new information, future events or otherwise, except as required under the applicable law.
SOURCE Noah Holdings Limited
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