# EDGAR Filing Document

**Accession Number:** 0001499543
**File Stem:** 0001104659-23-020293
**Filing Date:** 2023-2
**Character Count:** 9941
**Document Hash:** 496412ca9cbb10b2883ed15d6ece1c50
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-020293.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001104659-23-020293

**CONFORMED SUBMISSION TYPE**: SC 13G/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**GROUP MEMBERS**: CHIA-YUE CHANG

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Noah Holdings Ltd
- **CENTRAL INDEX KEY:** 0001499543
- **STANDARD INDUSTRIAL CLASSIFICATION:** INVESTMENT ADVICE [6282]
- **IRS NUMBER:** 000000000

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-86013
- **FILM NUMBER:** 23621755

**BUSINESS ADDRESS:**
- **STREET 1:** NO. 1687 CHANGYANG ROAD
- **STREET 2:** CHANGYANG VALLEY, BUILDING 2
- **CITY:** SHANGHAI
- **STATE:** F4
- **ZIP:** 200090
- **BUSINESS PHONE:** (86-21) 8035-9221

**MAIL ADDRESS:**
- **STREET 1:** NO. 1687 CHANGYANG ROAD
- **STREET 2:** CHANGYANG VALLEY, BUILDING 2
- **CITY:** SHANGHAI
- **STATE:** F4
- **ZIP:** 200090
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Jia Investment Co., Ltd.
- **CENTRAL INDEX KEY:** 0001512837
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** D8

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A

**BUSINESS ADDRESS:**
- **STREET 1:** C/O 6TH FLOOR, TIMES FINANCE CENTER
- **STREET 2:** NO. 68 MIDDLE YINCHENG ROAD, PUDONG
- **CITY:** SHANGHAI
- **STATE:** F4
- **ZIP:** 200120
- **BUSINESS PHONE:** (86)21 3860 2301

**MAIL ADDRESS:**
- **STREET 1:** C/O 6TH FLOOR, TIMES FINANCE CENTER
- **STREET 2:** NO. 68 MIDDLE YINCHENG ROAD, PUDONG
- **CITY:** SHANGHAI
- **STATE:** F4
- **ZIP:** 200120

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**SCHEDULE 13G**

**(Rule 13d-102)**

**Under the Securities Exchange Act of 1934**

**(Amendment No. 11)\***

---

| |
|:---|
| Noah Holdings Limited |
| (Name of Issuer) |
| Ordinary Shares, Par Value US$0.0005 Per Share |
| (Title of Class of Securities) |
| 65487X102 <sup>1</sup> |
| (CUSIP Number) |
| December 31, 2022 |
| (Date of Event Which Requires Filing of This Statement) |

---

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

□ Rule 13d-1(b)

□ Rule 13d-1(c)

⌧ Rule 13d-1(d)

\*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes).

<sup>1</sup> This CUSIP number applies to the Issuer's American depositary shares. Two American depositary shares represent one ordinary share.

CUSIP No. 65487X102 13G Page 1 of 4

---

| | | |
|:---|:---|:---|
| **1** | NAMES OF REPORTING PERSON****<br> Chia-Yue Chang |  |
| **2** | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ◻<br> (b) ◻ |
| **3** | SEC USE ONLY | SEC USE ONLY |
| **4** | CITIZENSHIP OR PLACE OF ORGANIZATION<br> Republic of China (Taiwan) |  |

---

---

| | | |
|:---|:---|:---|
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY EACH<br> REPORTING<br> PERSON WITH | **5** | SOLE VOTING POWER<br> 2,064,501 ordinary shares (See Item 4) |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY EACH<br> REPORTING<br> PERSON WITH | **6** | SHARED VOTING POWER<br> 0 |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY EACH<br> REPORTING<br> PERSON WITH | **7** | SOLE DISPOSITIVE POWER<br> 2,064,501 ordinary shares (See Item 4) |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY EACH<br> REPORTING<br> PERSON WITH | **8** | SHARED DISPOSITIVE POWER<br> 0 |

---

---

| | | |
|:---|:---|:---|
| **9** | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br> 2,064,501 ordinary shares (See Item 4) | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br> 2,064,501 ordinary shares (See Item 4) |
| **10** | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES<br> CERTAIN SHARES | ¨ |
| **11** | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
|  | 6.5% | 6.5% |
| **12** | TYPE OF REPORTING PERSON | TYPE OF REPORTING PERSON |
|  | IN | IN |

---

CUSIP No. 65487X102 13G Page 2 of 4

---

| | | |
|:---|:---|:---|
| **1** | NAMES OF REPORTING PERSON****<br> Jia Investment Co., Ltd. |  |
| **2** | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ◻<br> (b) ◻ |
| **3** | SEC USE ONLY | SEC USE ONLY |
| **4** | CITIZENSHIP OR PLACE OF ORGANIZATION<br> British Virgin Islands |  |

---

---

| | | |
|:---|:---|:---|
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY EACH<br> REPORTING<br> PERSON WITH | **5** | SOLE VOTING POWER<br> 2,064,501 ordinary shares (See Item 4) |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY EACH<br> REPORTING<br> PERSON WITH | **6** | SHARED VOTING POWER<br> 0 |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY EACH<br> REPORTING<br> PERSON WITH | **7** | SOLE DISPOSITIVE POWER<br> 2,064,501 ordinary shares (See Item 4) |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY EACH<br> REPORTING<br> PERSON WITH | **8** | SHARED DISPOSITIVE POWER<br> 0 |

---

---

| | | |
|:---|:---|:---|
| **9** | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br> 2,064,501 ordinary shares (See Item 4) | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br> 2,064,501 ordinary shares (See Item 4) |
| **10** | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES<br> CERTAIN SHARES | ¨ |
| **11** | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
|  | 6.5% | 6.5% |
| **12** | TYPE OF REPORTING PERSON | TYPE OF REPORTING PERSON |
|  | CO | CO |

---

CUSIP No. 65487X102 13G Page 3 of 4

---

| | |
|:---|:---|
| **Item 1(a).** | **NAME OF ISSUER** |

---

Noah Holdings Limited

---

| | |
|:---|:---|
| **Item 1(b).** | **ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES** |

---

Building 2, Changyang Valley, 1687 Changyang Road, Shanghai 200090, People's Republic of China

---

| | |
|:---|:---|
| **Item 2(a).** | **NAME OF PERSON FILING** |

---

Chia-Yue Chang

Jia Investment Co., Ltd.

---

| | |
|:---|:---|
| **Item 2(b).** | **ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE** |

---

For Chia-Yue Chang:

Building 2, Changyang Valley, 1687 Changyang Road, Shanghai 200090, People's Republic of China <br> For Jia Investment Co., Ltd.:

Coastal Building, Wickhams Cay II, P.O. Box 2221, Road Town, Tortola, British Virgin Islands

---

| | |
|:---|:---|
| **Item 2(c).** | **CITIZENSHIP** |

---

Ms. Chia-Yue Chang is a citizen of Republic of China (Taiwan).

Jia Investment Co., Ltd. is a British Virgin Islands company.

---

| | |
|:---|:---|
| **Item 2(d).** | **TITLE OF CLASS OF SECURITIES** |

---

Ordinary shares, par value US$0.0005 per share

---

| | |
|:---|:---|
| **Item 2(e).** | **CUSIP No.** |

---

65487X102.

This CUSIP number applies to the issuer's American depositary shares ("ADSs"); Two ADSs represent one ordinary share.

**Item 3.** **IF THIS STATEMENT IS FILED PURSUANT TO §§ 240.13D-1(B), OR 240.13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A:**

Not applicable.

**Item 4.** **OWNERSHIP**

The information required by Items 4(a) - (c) is set forth in Rows 5-11 of the cover page hereto and is incorporated herein by reference.

As of December 31, 2022, Jia Investment Co., Ltd. is the record owner of 2,000,000 ordinary shares of the Issuer, Jia Investment Co., Ltd. also owns 25,150 ordinary shares in the form of ADS and has the right to acquire 38,351 ordinary shares upon exercise of options under the share incentive plan of the issuer, and Jia Investment Co., Ltd. also holds 1,000 ordinary shares in the form of ADS purchased from secondary market.

Jia Investment Co., Ltd. is wholly owned and controlled by Ms. Chia-Yue Chang. Pursuant to Section 13(d) of the Securities Exchange Act of 1934, Ms. Chia-Yue Chang may be deemed to beneficially own all of the shares held by Jia Investment Co., Ltd.

CUSIP No. 65487X102 13G Page 4 of 4

**Item 5.** **OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS**

Not applicable.

**Item 6.** **OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON**

Not applicable.

**Item 7.** **IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON**

Not applicable.

**Item 8.** **IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP**

Not applicable.

**Item 9.** **NOTICE OF DISSOLUTION OF GROUP**

Not applicable.

**Item 10.** **CERTIFICATION**

Not applicable.

**SIGNATURES**

After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

DATED: February 14, 2023

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| | |
|:---|:---|
| **JIA INVESTMENT CO., LTD.** | **JIA INVESTMENT CO., LTD.** |
| By: | /s/ Chia-Yue Chang |
| Name: | Chia-Yue Chang |
| Title: | Director |

---

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| | |
|:---|:---|
| **CHIA-YUE CHANG** | **CHIA-YUE CHANG** |
| By: | /s/ Chia-Yue Chang |
| Name: | Chia-Yue Chang |

---

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| [99.1\*](https://www.sec.gov/Archives/edgar/data/1499543/000119312512055609/d300308dex99a.htm) | [Joint Filing Agreement, dated February 13, 2012, by and between Jia Investment Co., Ltd. and Chia-Yue Chang](https://www.sec.gov/Archives/edgar/data/1499543/000119312512055609/d300308dex99a.htm) |

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\* previously filed