We are an exempted company incorporated with limited liability under the laws of
the Cayman Islands with subsidiaries and affiliated entities primarily in China.
In August 2005, our founders started our business through the incorporation of
Shanghai Noah Investment Management Co., Ltd., or Noah Investment, a domestic
company in China. During the past few years, we have gradually transitioned from
a consulting services provider focusing on wealth management to a comprehensive
integrated financial services group with capabilities in wealth management,
asset management and internet financial services.
We conduct our wealth management business in China primarily through our
subsidiaries, Noah Xingguang and Noah Financial Services. Our asset management
business and certain other restricted business in China are conducted through
Noah Investment and its subsidiaries.