UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of January 2024
Commission file number: 001-34936
Noah Holdings Limited
1226 South Shenbin Road
Shanghai 201107
People’s Republic of China
+86 (21) 8035-8292
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F
x Form 40-F ¨
EXHIBIT INDEX
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
Noah Holdings Limited |
|
|
|
|
By: |
/s/ Qing Pan |
|
|
Name: Qing Pan |
|
|
Title: Chief Financial Officer |
Date: January 12, 2024
Exhibit 99.1
Noah Holdings Limited Provides Further Updates
on the Status of the Legal Proceedings Related to Certain Credit Funds Managed by Shanghai Gopher Asset Management Co., Ltd.
SHANGHAI, January 12, 2024 /PRNewswire/ —
Noah Holdings Limited (the “Company,” or “Noah”) (NYSE: NOAH and HKEX: 6686), a leading wealth management
service provider in China offering comprehensive global investment and asset allocation advisory services primarily for high-net-worth
investors,, today provides further update on the status of the legal proceedings related to certain
credit funds managed by Shanghai Gopher Asset Management Co., Ltd. (the “Shanghai Gopher”).
As the Company previously disclosed on June 21, June 29 and July 6, 2022 and August 25, 2020, certain credit funds
(the “Camsing Credit Funds”) managed by Shanghai Gopher had invested in supply chain account receivables (the “Camsing
Accounts Receivables”) with respect to the sale of computer, consumer electronics and communication products by affiliates (the
“Sellers”) of Camsing International Holding Limited (the “Camsing”) as underlying investable assets
to a buyer (the “Buyer”). Certain companies and individuals in connection with such supply chain account receivables
were later suspected to commit fraudulent activities (the “Camsing Incident”). Shanghai Gopher reported such suspected
fraudulent activities to relevant PRC governmental authorities, initiated legal proceedings against the Sellers, the Buyer and relevant
guarantors, and has been assisting the PRC governmental authorities with their investigations in connection with the Camsing Incident.
On November 1, 2022, the Shanghai No.2 Intermediate
People’s Court issued an initial judgment on the criminal case of the Camsing Incident, pursuant to which the controlling shareholder
of the Camsing was convicted of contract fraud and other crimes and sentenced to life imprisonment, the treasurer of the Camsing was convicted
of contract fraud and other crimes and sentenced to 17 years and six months imprisonment, and other defendants in the criminal proceeding
were respectively convicted of contract fraud and sentenced to imprisonment for a definite term.
On January 5, 2024, the Shanghai High People’s
Court dismissed the appeals filed by the controlling shareholder of the Camsing and other defendants in the criminal proceeding and upheld
the judgment of the first instance, which ruling has become final.
The Company believes that the results of the criminal
proceeding would not have any material adverse effect on its business, results of operations or reputation. The Company will continue
to closely monitor and evaluate any future development of the legal proceedings in connection with the Camsing Incident and promptly inform
investors of any updates as appropriate.
ABOUT NOAH HOLDINGS LIMITED
Noah Holdings Limited (NYSE: NOAH and HKEX:6686) 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. Noah is a Cayman Islands holding company and carries on business in Hong Kong as Noah Holdings
Private Wealth and Asset Management Limited. In the first nine months of 2023, Noah distributed RMB57.5 billion (US$7.9 billion) of investment
products. Through Gopher Asset Management, Noah had assets under management of RMB154.9 billion (US$21.2 billion) as of September 30,
2023.
Noah’s wealth management business primarily distributes private
equity, private secondary, mutual fund and other products denominated in RMB and other currencies. Noah’s network covers major cities
in mainland China, as well as offices in Hong Kong (China), Taiwan (China), New York, Silicon Valley and Singapore. A total of 1,408 relationship
managers across 59 cities provide customized financial solutions for clients through this network, and meet their international investment
needs. The Company’s wealth management business had 452,222 registered clients as of September 30, 2023. Through Gopher Asset
Management, Noah manages private equity, public securities, real estate, multi-strategy and other investments denominated in RMB and other
currencies. The Company 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.
Contacts:
Noah Holdings Limited
Melo Xi
Tel: +86-21-8035-8292
ir@noahgroup.com
Noah (NYSE:NOAH)
Historical Stock Chart
From May 2024 to Jun 2024
Noah (NYSE:NOAH)
Historical Stock Chart
From Jun 2023 to Jun 2024