#Singapore #Noah Holdings #Tianjing Zhang #Cynthia Meng

Noah Holdings Limited Strengthens Governance Structure

On August 28, 2026, Noah Holdings Limited, a prominent wealth management service provider, declared important updates to its board of directors and various board committees. This move is seen as a strategic effort to enhance corporate governance and improve oversight as the company navigates the complexities of global investment management, particularly for high-net-worth individuals in the Chinese market.

New Appointments and Departures

One of the key changes involves the appointment of Tianjing Zhang as an independent director. This decision, effective from August 29, 2026, represents a significant addition to the board that reflects Noah's commitment to robust governance practices. Ms. Zhang arrives with an impressive track record in international business, having previously worked as the managing partner at Kirkland Ellis's Shanghai office, where her focus lay on complex cross-border disputes and regulatory issues. Her vast experience in legal risk management is expected to be invaluable for Noah as the company expands its international footprint.

In a parallel development, the board announced the retirement of Cynthia Jinhong Meng, who has served as an independent director for three years. Her departure did not arise due to any disagreements with the company, but the board has expressed deep appreciation for her contributions during her tenure. This transition opens doors for new perspectives and energy within the governance structure.

The Commitment to Independence

Mr. David Zhang has also been re-designated as an independent director in accordance with regulators' guidelines. He has been with the board since June 2024, and his reclassification now under the Hong Kong Listing Rules is seen as a reinforcement of the board's independence. The Corporate Governance and Nominating Committee undertook a thorough review of Mr. Zhang's background before confirming his status, ensuring adherence to the highest standards of governance. His expertise in cross-border securities and dual-listed company governance is expected to be a vital asset as Noah continues to engage with talents from diverse markets.

Committee Changes

As part of these updates, the composition of several board committees has also been reshuffled. The Audit Committee will now feature Ms. Xiangrong Li as Chairperson alongside Mr. David Zhang and Ms. Tianjing Zhang as members. Meanwhile, Ms. May Yihong Wu will chair the Compensation Committee, with Mr. Boquan He and Ms. Li joining her. The Corporate Governance and Nominating Committee will be led by Ms. Jingbo Wang, with Ms. Wu and Mr. Zhang completing the membership.

These strategic adjustments are aimed at bolstering Noah's governance framework, ensuring that it aligns with best practices while championing a diverse and multifaceted approach to leadership.

Insights from Leadership

Jingbo Wang, co-founder and Chairwoman of Noah Holdings, remarked on these developments, “I would like to express my sincere gratitude to Ms. Meng for her contributions, where her dedication and guidance were instrumental in fortifying our governance structure. I'm excited to welcome Ms. Tianjing Zhang, confident that her extensive legal experience will aid in steering our strategic direction. Additionally, Mr. Zhang's re-designation affirms the board's trust in his abilities and independence.”

Noah Holdings, listed on both the NYSE and HKEX, continues to provide comprehensive advisory services for global investment and asset allocation, specifically tailored to affluent Chinese clients. The firm has demonstrated resilience and adaptability in its operations, reflecting strong growth and a commitment to exceptional governance.

As of June 30, 2026, Noah holds assets under management of approximately RMB140.9 billion (US$20.8 billion) and reports a robust client base of nearly 470,000 registered clients. With these board changes, Noah is poised not only to navigate but also thrive in the dynamic landscape of investment management, further establishing its position as a leader in the industry.

For additional details, one may refer to Noah's investor relations resources available online.