SHANGHAI,
June 12,
2024 /PRNewswire/ -- Noah Holdings Limited ("Noah" or
the "Company") (NYSE: NOAH and HKEX: 6686), 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, today
announced that its annual general meeting (the "AGM") was held in
Hong Kong on June 12, 2024 and all the proposed resolutions
submitted for shareholders' approval as set forth in the notice of
the AGM dated April 24, 2024 were
duly passed at the AGM.
The Company also announced that it will
distribute (i) final dividend of RMB509.0
million (approximately US$70.2
million based on the latest exchange rates available as of
the date of this announcement) in aggregate (with a distribution
ratio of RMB1.54 (equivalent to
approximately US$0.21, or
approximately HK$1.66) per share (tax
inclusive)) in respect of the year ended December 31, 2023; and (ii) special dividend of
RMB509.0 million (approximately
US$70.2 million based on the latest
exchange rates available as of the date of this announcement) in
aggregate (with a distribution ratio of RMB1.54 (equivalent to approximately US$0.21, or approximately HK$1.66 based on the latest exchange rates
available as of the date of this announcement ) per share (tax
inclusive)), to Shareholders whose names appear on the register of
members of the Company as of the close of business on July 3, 2024 (the "Dividend Record Date"). The
distribution ratio per share is subject to adjustment to the number
of shares of the Company entitled to dividend distribution as of
the Dividend Record Date and the equivalent U.S. dollars amount and
Hong Kong dollars amount are also
subject to exchange rate adjustment. The
Company will make further announcement in respect of the final rate
of final payment in U.S. dollars (for ADS holders and for holders
of ordinary shares whose shares registered on the Company's
principal share register in the Cayman
Islands) and in Hong Kong
dollars (for registered holders of the ordinary shares whose shares
registered on the Company's Hong
Kong share register in Hong
Kong) on or immediately after the Dividend Record Date and
in accordance with the Articles of Association, the Hong Kong
Listing Rules, and applicable laws and regulations.
ABOUT NOAH HOLDINGS LIMITED
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 2024 Q1, Noah distributed RMB18.9
billion (US$2.6 billion) of
investment products. Through Gopher Asset Management, Noah had
assets under management of RMB153.3 billion (US$21.2 billion) as of March 31, 2024.
Noah's wealth management business primarily
distributes private equity, private secondary, mutual funds, and
other 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. A
total number of 1,109 relationship managers across 18 cities
provide customized financial solutions for clients through this
network and meet their investment needs. The Company's wealth
management business had 457,705 registered clients as of March
31, 2024. Through Gopher Asset Management, Noah manages private
equity, public securities, real estate, multi-strategy, and other
investments denominated in Renminbi and other currencies. Noah also
provides other services.
For more information, please visit Noah at
ir.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. These
statements include, but are not limited to, estimates regarding the
sufficiency of Noah's cash and cash equivalents and liquidity risk.
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 in China and
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
in China and internationally; general economic and
business conditions globally and in China; 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.
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SOURCE Noah Holdings Limited
