Company: NOAH
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0001410578-25-000852
Chunk: 265

Company: NOAH HOLDINGS LTD
Filing Date: 2025-04-24
Form: 20-F
Item: Item 16
Chunk 265
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 by the audit committee prior to the completion of the audit.

Table of Contents

Item 16D. Exemptions from the Listing Standards for Audit Committees

Not applicable.

Item 16E. Purchases of Equity Securities by the Issuer and Affiliated Purchasers

On August 28, 2024, our board of directors authorized a share repurchase program under which we may repurchase up to US$50 million of our ADSs or ordinary shares over a two-year period.

The following table sets forth information about out repurchases made in the year 2024 under this share repurchase program described above.

                                                           (c) Total Number      (d) Approximate      
                                                           of Shares             Dollar Value of      
                     (a) Total                             Purchased as          Shares that May Yet  
                     Number of                             Part of Publicly      Be Purchased under   
                     Shares         (b) Average Price      Announced Plans       the Plans or         
  Period             Purchased      Paid per Share         or Programs           Programs             
  December 2024      3,063,510      US$2.38556             3,063,510             US$42,691,813        
  Total              3,063,510      US$2.38556             3,063,510             US$42,691,813        

Item 16F. Change in Registrant’s Certifying Accountant

Not applicable.

Item 16G. Corporate Governance

As a Cayman Islands company listed on the NYSE, we are subject to the NYSE corporate governance listing standards. However, NYSE rules permit a foreign private issuer like us to follow the corporate governance practices of its home country. Certain corporate governance practices in the Cayman Islands, which is our home country, differ significantly from the New York Stock Exchange corporate governance listing standards. For example, neither the Companies Act (As Revised) of the Cayman Islands nor our memorandum and articles of association requires a majority of our directors to be independent and we could include non-independent directors as members of our compensation committee, and our independent directors would not necessarily hold regularly scheduled meetings at which only independent directors are present. We currently rely on home country practice exemption with respect to the requirement of having a corporate governance and nominating committee composed entirely of independent directors. As a result, our shareholders may be afforded less protection than they otherwise would under the NYSE corporate governance listing standards applicable to domestic issuers. See “ Item 3. Key Information-D. Risk Factors-Risks