SHANGHAI, June 27,
2023 /PRNewswire/ -- Noah Holdings Limited (the
"Company" or "Noah") (NYSE: NOAH and
HKEX: 6686), a leading and pioneer wealth management service
provider in China offering
comprehensive one-stop advisory services on global investment and
asset allocation primarily for high net worth investors, today
announced that it will distribute a final dividend of HK$6.0 per ordinary share (for registered holders
of the ordinary shares in Hong
Kong) (tax inclusive) in Hong
Kong dollars or US$0.76 per
ordinary share (tax inclusive) in U.S. dollars in respect of the
year ended December 31, 2022,
calculated based on the final dividend of RMB5.5 per ordinary share (tax inclusive) with
reference to the effective noon buying rate for June 23, 2023 as set forth in the H.10
statistical release of the U.S. Federal Reserve Board and the
number of ordinary shares of 31,945,575 entitled to dividend
distribution as of the close of business on June 27, 2023 (the "Final Dividend").
For the distribution of the Final Dividend to ADS holders, the
final amount of approximately US$0.38
per ADS (subject to applicable tax and depositary fees) is payable
in U.S. dollars to the Company's ADS holders through the depositary
bank subject to the foreign exchange rate adjustment on the date of
settlement in accordance with the terms of the deposit
agreement.
The Final Dividend is expected to be distributed on or around
July 14, 2023 to eligible holders of
the ordinary shares, and on or around July
21, 2023 to eligible ADS holders. Holders of the ordinary
shares and holders of ADSs should seek professional advice from
their own tax advisors regarding the possible tax implications of
the payment of the Final Dividend.
ABOUT NOAH HOLDINGS LIMITED
Noah Holdings Limited (NYSE: NOAH) is a leading and pioneer
wealth management service provider in China offering comprehensive one-stop advisory
services on global investment and asset allocation primarily for
high net worth investors. In the first quarter of 2023, Noah
distributed RMB16.8 billion
(US$2.4 billion) of investment
products. Through Gopher Asset Management, Noah had assets under
management of RMB157.6 billion
(US$22.9 billion) as of March 31, 2023.
Noah's wealth management business primarily distributes private
equity, public securities and insurance products denominated in RMB
and other currencies. Noah delivers customized financial solutions
to clients through a network of 1,327 relationship managers across
68 cities in mainland China, and
serves the international investment needs of its clients through
offices in Hong Kong (China), Taiwan (China), New
York, Silicon Valley and Singapore. The Company's wealth management
business had 440,664 registered clients as of March 31, 2023. 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 businesses.
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 report 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 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 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