BusinessNoah Holdings Private Wealth Asset Management Co., Ltd. (the 'Company '), its subsidiaries and consolidated variable interest entities (the' Variable Interest Entities ') (collectively the 'Group ') are the leading wealth management service providers in the People's Republic of China (' China '), providing comprehensive one-stop consulting services on global investment and asset allocation, mainly for high net worth (' high net worth ') investors.

Introduction

Noah Holdings Private Wealth Asset Management Co., Ltd. is an investment holding company principally engaged in the provision of wealth management services. The company operates its business through three divisions. The wealth management business segment is engaged in providing various investment products, mainly including domestic and foreign public fund products, private securities fund products and other products, as well as providing customized value-added financial services, including investor education and trust services. The Asset Management business segment is engaged in managing client investments in private equity, real estate, public securities, multiple strategies and other investment products. Other business segments include other services such as loan services. The company operates in domestic and foreign markets.