SHANGHAI--(BUSINESS WIRE)--Feb. 22, 2012--
Noah Holdings Limited (“Noah” or the “Company”) (NYSE: NOAH), the
leading independent service provider focusing on distributing wealth
management products to the high net worth population in China, announced
that a PRC affiliated entity of Noah, Noah Upright Co. Ltd. ("Noah
Upright"), today was granted a mutual fund distribution license by the
China Securities Regulatory Commission (the “CSRC”). Noah Upright is
amongst the first to be granted a mutual fund distribution license after
the CSRC began to receive applications last year. Noah Upright, renamed
from Shanghai Noah Investment Consulting Co. Ltd., is an independent
mutual fund distribution and advisory company serving high net worth
individuals in China.
Ms. Jingbo Wang, Noah’s Co-founder, Chairwoman of the Board of Directors
and Chief Executive Officer, commented, “We are pleased that we were
granted a mutual fund distribution license by the CSRC. We believe that
being able to distribute mutual funds will augment our product portfolio
and allow us to better serve our clients in China. We will actively
refine our mutual fund distribution strategies and related execution in
the coming future. ”
ABOUT NOAH HOLDINGS LIMITED
Noah Holdings Limited is the leading service provider focusing on
distributing wealth management products to the high net worth population
in China. Noah distributes over-the-counter wealth management products
that are originated in China, including primarily fixed income products,
private equity funds and securities investment funds. With over 500
relationship managers in 53 branch offices as of September 30, 2011,
Noah’s total coverage network encompasses China’s most economically
developed regions where the high net worth population is concentrated.
Through this extensive coverage network, product sophistication, and
client knowledge, the Company caters to the wealth management needs of
China’s high net worth population. For more information please visit the
Company’s website at http://www.noahwm.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. Among other things, quotations from
management in this announcement, as well as Noah's strategic and
operational plans, contain forward-looking 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 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 actual results to differ materially from
those contained in any forward-looking statement. Further information
regarding these and other risks is included in Noah's filings with the
Securities and Exchange Commission, including its annual report on Form
20-F. Noah does not undertake any obligation to update any
forward-looking statement as a result of new information, future events
or otherwise, except as required under applicable law. All information
provided in this press release and in the attachments is as of the date
of this press release, and Noah undertakes no duty to update such
information, except as required under applicable law.
Source: Noah Holdings Limited
Noah Holdings Limited
Shang Chuang, +86 21 3860 2388
Director
of IR
ir@noahwm.com