Company: NOAH
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0001410578-25-000852
Chunk: 223

Company: NOAH HOLDINGS LTD
Filing Date: 2025-04-24
Form: 20-F
Item: Item 6
Chunk 223
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 to retirement by rotation at least once every three years. A director may be removed from office at any time by an ordinary resolution of our shareholders before the expiration of his term. A director’s office will be vacated if such director (i) dies, becomes bankrupt or makes any arrangement or composition with his creditors; (ii) is found to be or becomes of unsound mind; (iii) resigns his office by notice in writing to our company; or (iv) is removed from office pursuant to our memorandum and articles of association or the laws of Cayman Islands.
We have no service contracts with any of our directors that provide benefits to them upon termination.

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D.   Employees
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We had 2,884, 2,583 and 1,990 employees as of December 31, 2022, 2023 and 2024, respectively. The following table sets forth the breakdown of our full-time employees by function as of December 31, 2024:
​

                      ​                         ​       ​       ​        ​        ​
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​                                               ​   Number of   ​             ​   ​
Function                                            Employees        % of Total    
PRC                                                         ​                 ​   ​
Domestic public securities                      294             14.8              ​
Domestic asset management                       223             11.2              ​
Domestic insurance                              94              4.7               ​
​                                                           ​                 ​   ​
Overseas                                        ​           ​   ​             ​   ​
Overseas wealth management                      ​         193   ​           9.7   ​
Overseas asset management                       ​          75   ​           3.8   ​
Overseas insurance and comprehensive services   ​         101   ​           5.1   ​
​                                               ​           ​   ​             ​   ​
Headquarters                                    ​           ​   ​             ​   ​
Business development                            ​         591   ​          29.7   ​
Middle and back office support                  ​         419   ​          21.0   ​
Total                                                   1,990   100.0             %
​
We believe we offer our employees competitive compensation packages and a dynamic work environment that encourages initiative and is based on merit. As a result, we have generally been able to attract and retain qualified personnel and maintain a stable core management team.
As required by regulations in mainland China, we participate in various