SHANGHAI, Oct. 11, 2016 /PRNewswire/ -- Noah Holdings
Limited ("Noah" or the "Company") (NYSE: NOAH), a leading wealth
and asset management service provider with a focus on global
services for high net worth individuals and enterprises in
China, today announced that for
the third consecutive year, Fortune has named Noah to its 2016 "100
Fastest-Growing Companies" list recognizing public companies with
the best three-year performance in profits, revenue, and stock
growth. Noah ranks 12th this year on this prestigious
list.
"We are very happy with the recognition of Noah's financial
performance as one of the fastest growing among many of the
best-in-class companies globally. At Noah, we value growth and
sustainability over the long term. We will continue to work very
hard to ensure that we build a leading firm in wealth and asset
management," commented Kenny Lam, Group President of Noah.
Fortune's annual list of the Global Top 100 Fastest Growing
Companies, now in its 30th year, ranks publicly traded
companies by revenue growth rate, EPS growth rate, and three-year
annualized total return for the period ended June 30, 2016. The overall rank is based on the
sum of these three ranks.
For more information on Noah's ranking click here.
For additional information and the complete Fortune list click
here.
ABOUT NOAH HOLDINGS LIMITED
Founded in 2005, Noah Holdings Limited (NYSE: NOAH) is a leading
wealth and asset management services provider with a focus on
global services for high net worth individuals and enterprises in
China. In the second quarter of
2016, Noah distributed over RMB27.7
billion (US$4.2 billion) of
wealth management products. As of June 30,
2016, Noah had assets under management of RMB101.2 billion (US$15.2
billion).
Noah distributes a wide array of wealth management products,
including fixed income products, private equity fund products,
mutual fund products and insurance products. Noah also develops and
manages financial products denominated in both domestic (RMB) and
foreign currencies, including real estate funds and real estate
funds of funds, private equity funds of funds, secondary market
equity funds of funds and fixed income funds of funds through
Gopher Asset Management. In addition, in 2014, the Company launched
a proprietary internet finance platform to provide financial
products and services to aspiring high net worth individuals and
enterprise clients in China. Noah
delivers customized financial solutions to clients through a
network of 1,093 relationship managers across 175 branches and
sub-branches in 68 cities in China, and serves the international investment
needs of its clients through a wholly owned subsidiary in
Hong Kong. The Company's wealth
management business had 114,870 registered clients as of
June 30, 2016.
For more information please visit Noah
at ir.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
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 market in China and internationally; the expansion of
its business into the United
States; its expectations regarding demand for and market
acceptance of the products it distributes; its expectations
regarding keeping and strengthening its relationships with key
clients; relevant government policies and regulations relating to
its industry; 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 industry 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, including its annual reports on Form 20-F. 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