Noah board of directors approves new capital management and shareholder return policy; and amendments to the dividend policy

Shanghai , nov. 29, 2023 /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 announced that its board of directors (the "board") has adopted a new capital management and shareholder return policy (the "policy") where up to 50% the company's non-gaap net income attributable to shareholders of the preceding financial year will be allocated to a corporate actions budget which will serve various purposes, including dividend distribution and share repurchases. dividend under the policy, the board has approved that no less than 35% of the company's non-gaap net income attributable to shareholders of the preceding financial year will be allocated toward dividends to be distributed in each calendar year, subject to various factors.
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