6-K - NOAH - Equibles

UNITED STATESSECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TORULE13a-16 OR 15d-16 UNDERTHE SECURITIES EXCHANGE ACT OF 1934

Forthe month of April 2025

CommissionFile Number**: 001-34936**

Noah Holdings Limited

(Registrant’s name)

No. 1226, South Shenbin Road, MinhangDistrict,

Shanghai, People’s Republic of China

+86 (21) 8035-8292

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F x Form 40-F ¨

EXHIBIT INDEX

Exhibit 99.1	HKEx Announcement — Record Date For Annual General Meeting of Shareholders
Exhibit 99.2	Monthly Return for Equity Issuer and Hong Kong Depositary Receipts listed under Chapter 19B of the Exchange Listing Rules on Movements<br>in Securities
Exhibit 99.3	Next Day Disclosure Return Dated April 2, 2025
Exhibit 99.4	Next Day Disclosure Return Dated April 3, 2025

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Noah Holdings Limited
	By:	/s/ Qing Pan
	Name:	Qing Pan
	Title:	Chief Financial Officer
Date: April 3, 2025

Exhibit 99.1

Hong Kong Exchanges and Clearing Limited andThe Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to itsaccuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the wholeor any part of the contents of this announcement.

NoahHoldings

NoahHoldings Private Wealth and Asset Management Limited

諾亞控股私人財富資產管理有限公司

(Incorporated in the Cayman Islands with limited liabilityunder the name Noah Holdings Limited and carrying on business in Hong Kong as Noah Holdings Private Wealth and Asset Management Limited)

(StockCode: 6686)

RECORDDATE FOR

ANNUALGENERAL MEETING OF SHAREHOLDERS

Noah Holdings Private Wealth and Asset Management Limited (the “Company”) announces that the record date for the purpose of determining the eligibility of the holders of the ordinary shares of the Company with a par value of US$0.00005 each (the “Shares”) to attend and vote at the forthcoming annual general meeting of shareholders of the Company (the “AGM”) will be as of close of business on Thursday, April 17, 2025, Hong Kong time (the “Shares Record Date”). In order to be eligible to attend and vote at the AGM, all valid documents for the transfers of shares accompanied by the relevant share certificates must be lodged with the Company’s Hong Kong share registrar, Computershare Hong Kong Investor Services Limited, Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen’s Road East, Wan Chai, Hong Kong, not later than 4:30 p.m. on Thursday, April 17, 2025, Hong Kong time. All persons who are registered holders of the Shares on the Shares Record Date will be entitled to attend and vote at the AGM.

Holders of American Depositary Shares (the “ADSs”) issued by Citibank, N.A., as depositary of the ADSs (the “Depositary”), and representing the right to receive the Shares, are not entitled to attend or vote at the AGM. Holders of record of ADSs as of close of business on Thursday, April 17, 2025, New York time (the “ADS Record Date”, together with the Shares Record Date, the “Record Dates”) will be able to instruct the Depositary, as the holder of record of Shares (through a nominee) represented by the ADSs, how to vote the Shares represented by such ADSs. Such voting instructions may be given only in respect of a number of ADSs representing an integral number of Shares. The Depositary will endeavor, to the extent practicable and legally permissible, to vote or cause to be voted at the AGM the amount of Shares it holds represented by the ADSs in accordance with the voting instructions that it has properly received from ADS holders who hold ADSs as of the ADS Record Date.

If a holder of ADSs wishes to attend and vote at the AGM or vote directly, such holder must cancel their ADSs in exchange for Shares and will need to make arrangements to deliver their ADSs to the Depositary for cancellation with sufficient time to allow for the delivery and exchange of them for the underlying Shares before the Shares Record Date. Any such holder of ADSs who presents ADSs for cancellation on the ADS Record Date will not be able to instruct the Depositary as to how to vote the Shares represented by the cancelled ADSs as described above, and will also not be a holder of those Shares as of the Shares Record Date for the purpose of determining the eligibility to attend and vote at the AGM.

Details including the date and location of the AGM will be set out in the Company’s notice of AGM to be issued and provided to holders of our Shares and ADSs as of the respective Record Dates together with the proxy materials in due course.

	By order of the Board
	Noah Holdings Private Wealth and Asset Management<br> Limited
	Jingbo Wang
	Chairwoman of the Board
Hong Kong, April 2, 2025

As of the date of this announcement, the Boardcomprises Ms. Jingbo Wang, the chairwoman, and Mr. Zhe Yin as Directors; Ms. Chia-Yue Chang, Mr. Boquan He and Mr. DavidZhang as non-executive Directors; and Ms. Xiangrong Li, Ms. Cynthia Jinhong Meng and Ms. May Yihong Wu as independentDirectors.

Exhibit 99.2

FF301<br>Monthly Return for Equity Issuer and Hong Kong Depositary Receipts listed under Chapter 19B of the Exchange Listing Rules on Movements in<br>Securities<br>For the month ended: 31 March 2025 Status: New Submission<br>To : Hong Kong Exchanges and Clearing Limited<br>Name of Issuer: Noah Holdings Private Wealth and Asset Management Limited<br>Date Submitted: 03 April 2025<br>I. Movements in Authorised / Registered Share Capital<br>Total authorised/registered share capital at the end of the month: USD 50,000<br>Page 1 of 10 v 1.1.1<br>1. Class of shares Ordinary shares Type of shares Not applicable Listed on the Exchange (Note 1) Yes<br>Stock code (if listed) 06686 Description<br>Number of authorised/registered shares Par value Authorised/registered share capital<br>Balance at close of preceding month 1,000,000,000 USD 0.00005 USD 50,000<br>Increase / decrease (-) USD<br>Balance at close of the month 1,000,000,000 USD 0.00005 USD 50,000
FF301<br>II. Movements in Issued Shares and/or Treasury Shares<br>Page 2 of 10 v 1.1.1<br>1. Class of shares Ordinary shares Type of shares Not applicable Listed on the Exchange (Note 1) Yes<br>Stock code (if listed) 06686 Description<br>Number of issued shares<br>(excluding treasury shares) Number of treasury shares Total number of issued shares<br>Balance at close of preceding month 332,089,849 3,063,510 335,153,359<br>Increase / decrease (-) 2,173,525 35,610<br>Balance at close of the month 334,263,374 3,099,120 337,362,494
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FF301<br>III. Details of Movements in Issued Shares and/or Treasury Shares<br>(A). Share Options (under Share Option Schemes of the Issuer)<br>Increase in issued shares (excluding treasury shares): Ordinary shares (AA1)<br>Decrease in treasury shares: Ordinary shares (AA2)<br>Total funds raised during the month from exercise of options:<br>Remarks:<br>Page 3 of 10 v 1.1.1<br>The scheme mandate limit under the 2022 Share Incentive Plan is 3,000,000 ordinary shares (30,000,000 ordinary shares after share subdivision), which shall be applicable to options (as set out<br>above) and share appreciation rights and Other Awards (as set out in Section III(D) of this monthly return) of the Company. The information under "The total number of shares which may be<br>issued or transferred out of treasury upon exercise of all share options to be granted under the scheme at close of the month" represents the maximum number of the shares may be issued upon<br>exercise of all share options to be granted under the 2022 Share Incentive Plan at close of the month.<br>1. Class of shares Ordinary shares Type of shares Not applicable Listed on the Exchange (Note 1) Yes<br>Stock code (if listed) 06686 Description<br>Particulars of share option scheme<br>Number of share<br>options outstanding at<br>close of preceding<br>month<br>Movement during the month<br>Number of share<br>options outstanding at<br>close of the month<br>Number of new shares<br>issued during the month<br>pursuant thereto (A1)<br>Number of treasury<br>shares transferred out of<br>treasury during the<br>month pursuant thereto<br>(A2)<br>Number of shares which<br>may be issued or<br>transferred out of<br>treasury pursuant<br>thereto as at close of<br>the month<br>The total number of<br>shares which may be<br>issued or transferred out<br>of treasury upon<br>exercise of all share<br>options to be granted<br>under the scheme at<br>close of the month<br>1). 2022 Share Incentive Plan -<br>share options<br>0 0 0 14,893,125<br>General Meeting approval date (if applicable) 16 December 2022
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FF301<br>(B). Warrants to Issue Shares of the Issuer Not applicable<br>Page 4 of 10 v 1.1.1
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FF301<br>(C). Convertibles (i.e. Convertible into Shares of the Issuer) Not applicable<br>Page 5 of 10 v 1.1.1
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FF301<br>(D). Any other Agreements or Arrangements to Issue Shares of the Issuer, including Options (other than Share Option Schemes)<br>Increase in issued shares (excluding treasury shares): 2,209,135 Ordinary shares (DD1)<br>Decrease in treasury shares: 0 Ordinary shares (DD2)<br>Remarks:<br>Page 6 of 10 v 1.1.1<br>(1) Under the 2022 Share Incentive Plan, the option, share appreciation rights, restricted share unit award, restricted share award, dividend equivalent award, and share payment award are<br>collectively referred to as the “Awards”. The Awards other than the option and the share appreciation rights are collectively referred to as the “Other Awards”, the details of which may refer to the<br>circular of the Company dated November 14, 2022.<br>(2) The scheme mandate limit under the 2022 Share Incentive Plan is 3,000,000 ordinary shares (30,000,000 ordinary shares after share subdivision), which shall be applicable to options (as set<br>out in Section III(A) of this monthly return), share appreciation rights and Other Awards of the Company.<br>(3) RSU Plan refers to the restricted shares units that the Company has issued to certain clients who accepted settlement plans relating to Camsing Incident, the details of which may refer to the<br>Prospectus of the Company dated June 30, 2022.<br>(4) As disclosed in the Announcement dated April 1, 2025, the Company granted 30,000 RSUs to Ms. Jingbo Wang and 30,000 RSUs to Mr. Zhe Yin, respectively, on March 31, 2025 (U.S.<br>Eastern Time). Under such grants, 150,000 new ordinary shares were issued on March 31, 2025 (U.S. Eastern Time) pursuant to vesting of the first batch of RSUs granted under the 2022 Share<br>Incentive Plan.<br>(5) As disclosed in the Company's announcement in relation to the grant of restricted share units (the "RSUs") dated April 2, 2024, the Company granted RSUs involving an aggregate of<br>9,292,410 Shares to certain grantees on March 29, 2024 (U.S. Eastern Time). In connection with such grants, 2,059,135 new shares of the Company were issued in March 2025 pursuant to the<br>vesting schedule of such grants.<br>1. Class of shares Ordinary shares Type of shares Not applicable Listed on the Exchange (Note 1) Yes<br>Stock code (if listed) 06686 Description<br>Description of other agreements or arrangements<br>General Meeting<br>approval date<br>(if applicable)<br>Number of new shares issued during<br>the month pursuant thereto (D1)<br>Number of treasury shares transferred<br>out of treasury during the month<br>pursuant thereto (D2)<br>Number of shares which may be issued<br>or transferred out of treasury pursuant<br>thereto as at close of the month<br>1). 2022 Share Incentive Plan - other than share options 16 December 2022 2,209,135 0 7,702,720<br>2). RSU Plan 0 0 19,109,566
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FF301<br>(E). Other Movements in Issued Shares and/or Treasury Shares<br>Increase/ decrease (-) in issued shares (excluding treasury shares): -35,610 Ordinary shares (EE1)<br>Increase/ decrease (-) in treasury shares: 35,610 Ordinary shares (EE2)<br>Page 7 of 10 v 1.1.1<br>Total increase/ decrease (-) in issued shares (excluding treasury shares) during the month (i.e. Total of AA1 to EE1): 2,173,525 Ordinary shares<br>Total increase/ decrease (-) in treasury shares during the month (i.e. Total of AA2 to EE2): 35,610 Ordinary shares<br>1. Class of shares Ordinary shares Type of shares Not applicable Listed on the Exchange (Note 1) Yes<br>Stock code (if listed) 06686 Description<br>Events<br>At price (if applicable) Date of event<br>(Note 2)<br>General Meeting<br>approval date<br>(if applicable)<br>Increase/ decrease (-) in issued<br>shares (excluding treasury<br>shares) during the month<br>pursuant thereto (E1)<br>Increase/ decrease (-) in<br>treasury shares during the<br>month pursuant thereto (E2)<br>Number of shares redeemed or<br>repurchased for cancellation but<br>not yet cancelled as at close of<br>the month (Note 3)<br>Currency Amount<br>1). Repurchase of shares (shares held as treasury shares) 12 June 2024 -35,610 35,610
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FF301<br>IV. Information about Hong Kong Depositary Receipt (HDR) Not applicable<br>Page 8 of 10 v 1.1.1
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FF301<br>V. Confirmations<br>Pursuant to Main Board Rule 13.25C / GEM Rule 17.27C, we hereby confirm to the best knowledge, information and belief that, in relation to each of the securities issued, or the treasury shares<br>sold or transferred by the issuer during the month as set out in Parts III and IV which has not been previously disclosed in a return published under Main Board Rule 13.25A / GEM Rule 17.27A, it<br>has been duly authorised by the board of directors of the listed issuer and carried out in compliance with all applicable listing rules, laws and other regulatory requirements and, insofar as<br>applicable:<br>(Note 4)<br>Submitted by: Jingbo Wang<br>Title: Director<br>(Director, Secretary or other Duly Authorised Officer)<br>Page 9 of 10 v 1.1.1<br>(i) all money due to the listed issuer in respect of the issue of securities, or sale or transfer of treasury shares has been received by it;<br>(ii) all pre-conditions for listing imposed by the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited under "Qualifications of listing" have been fulfilled;<br>(iii) all (if any) conditions contained in the formal letter granting listing of and permission to deal in the securities have been fulfilled;<br>(iv) all the securities of each class are in all respects identical (Note 5);<br>(v) all documents required by the Companies (Winding Up and Miscellaneous Provisions) Ordinance to be filed with the Registrar of Companies have been duly filed and that compliance has<br>been made with all other legal requirements;<br>(vi) all the definitive documents of title have been delivered/are ready to be delivered/are being prepared and will be delivered in accordance with the terms of issue, sale or transfer;<br>(vii) completion has taken place of the purchase by the issuer of all property shown in the listing document to have been purchased or agreed to be purchased by it and the purchase<br>consideration for all such property has been duly satisfied; and<br>(viii) the trust deed/deed poll relating to the debenture, loan stock, notes or bonds has been completed and executed, and particulars thereof, if so required by law, have been filed with the<br>Registrar of Companies.
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FF301<br>Notes<br>1.<br>2.<br>The Exchange refers to The Stock Exchange of Hong Kong Limited.<br>In the case of repurchase of shares (shares repurchased and cancelled) and redemption of shares (shares redeemed and cancelled), "date of event" should be construed as<br>"cancellation date".<br>In the case of repurchase of shares (shares held as treasury shares), "date of event" should be construed as "date on which shares were repurchased and held by the issuer in<br>treasury".<br>The information is required in the case of repurchase of shares (shares repurchased for cancellation but not yet cancelled) and redemption of shares (shares redeemed but not yet<br>cancelled). Please state the number of shares repurchased or redeemed during the month or in preceding month(s) but pending cancellation as at close of the month as a negative<br>number.<br>Items (i) to (viii) are suggested forms of confirmation. The listed issuer may amend the item(s) that is/are not applicable to meet individual cases. Where the issuer has already<br>made the relevant confirmations in a return published under Main Board Rule 13.25A / GEM Rule 17.27A in relation to the securities issued, or the treasury shares sold or<br>transferred, no further confirmation is required to be made in this return.<br>3.<br>4.<br>5. “Identical” means in this context:<br> ．<br> ．<br>the securities are of the same nominal value with the same amount called up or paid up;<br>they are entitled to dividend/interest at the same rate and for the same period, so that at the next ensuing distribution, the dividend/interest payable per unit will amount to<br>exactly the same sum (gross and net); and<br> ． they carry the same rights as to unrestricted transfer, attendance and voting at meetings and rank pari passu in all other respects.<br>Page 10 of 10 v 1.1.1
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Exhibit 99.3

FF305<br>Page 1 of 7 v 1.3.0<br>Next Day Disclosure Return<br>(Equity issuer - changes in issued shares or treasury shares, share buybacks and/or on-market sales of treasury shares)<br>Instrument: Equity issuer Status: New Submission<br>Name of Issuer: Noah Holdings Private Wealth and Asset Management Limited<br>Date Submitted: 02 April 2025<br>Section I must be completed by a listed issuer where there has been a change in its issued shares or treasury shares which is discloseable pursuant to rule 13.25A of the Rules Governing the<br>Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Exchange”) (the “Main Board Rules”) or rule 17.27A of the Rules Governing the Listing of Securities on GEM of the<br>Exchange (the “GEM Rules”).<br>Section I<br>1. Class of shares Ordinary shares Type of shares Not applicable Listed on the Exchange Yes<br>Stock code (if listed) 06686 Description<br>A. Changes in issued shares or treasury shares<br>Events<br>Changes in issued shares<br>(excluding treasury shares)<br>Number of issued<br>shares (excluding<br>treasury shares)<br>As a % of existing<br>number of issued<br>shares (excluding<br>treasury shares) before<br>the relevant event<br>(Note 3)<br>Changes in treasury<br>shares<br>Number of treasury<br>shares<br>Issue/ selling price per<br>share (Note 4)<br>Total number of issued<br>shares<br>Opening balance as at (Note 1) 31 March 2025 334,263,374 3,099,120 337,362,494<br>1). Repurchase of shares (shares held as treasury shares)<br>Repurchase of 300 ADSs (representing 1,500 ordinary shares) on the New<br>York Stock Exchange on April 1, 2025 (U.S. Eastern Time) under the<br>repurchase mandate granted on the annual general meeting held on June<br>12, 2024<br>Date of changes 01 April 2025<br>-1,500 0.0004 % 1,500 USD 1.898<br>Closing balance as at (Notes 5 and 6) 01 April 2025 334,261,874 3,100,620 337,362,494
FF305<br>Page 2 of 7 v 1.3.0<br>B. Shares redeemed or repurchased for cancellation but not yet cancelled as at the closing balance date (Notes 5 and 6) Not applicable<br>Remarks: The Company repurchased 300 ADSs (equivalent to 1,500 ordinary shares) on the New York Stock Exchange on April 1, 2025 (U.S. Eastern Time), for which the<br>weighted average repurchase price was US$9.49 per ADS, or US$1.898 per share (one ADS represents five ordinary shares).<br>The date of changes, as well as the dates for the opening balance and the closing balance, are all based on U.S. Eastern Time.
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FF305<br>Page 3 of 7 v 1.3.0<br>Confirmation<br>Pursuant to Main Board Rule 13.25C / GEM Rule 17.27C, we hereby confirm to the best knowledge, information and belief that, in relation to each issue of shares or sale or transfer of treasury<br>shares as set out in Section I, it has been duly authorised by the board of directors of the listed issuer and carried out in compliance with all applicable listing rules, laws and other regulatory<br>requirements and, insofar as applicable:<br>(Note 7)<br>(i) all money due to the listed issuer in respect of the issue of shares, or sale or transfer of treasury shares has been received by it;<br>(ii) all pre-conditions for the listing imposed by the Main Board Rules / GEM Rules under "Qualifications of listing" have been fulfilled;<br>(iii) all (if any) conditions contained in the formal letter granting listing of and permission to deal in the securities have been fulfilled;<br>(iv) all the securities of each class are in all respects identical (Note 8);<br>(v) all documents required by the Companies (Winding Up and Miscellaneous Provisions) Ordinance to be filed with the Registrar of Companies have been duly filed and that compliance has<br> been made with all other legal requirements;<br>(vi) all the definitive documents of title have been delivered/are ready to be delivered/are being prepared and will be delivered in accordance with the terms of issue, sale or transfer;<br>(vii) completion has taken place of the purchase by the issuer of all property shown in the listing document to have been purchased or agreed to be purchased by it and the purchase<br> consideration for all such property has been duly satisfied; and<br>(viii) the trust deed/deed poll relating to the debenture, loan stock, notes or bonds has been completed and executed, and particulars thereof, if so required by law, have been filed with the<br> Registrar of Companies.<br>Notes to Section I:<br>1. Please insert the closing balance date of the last Next Day Disclosure Return published pursuant to Main Board Rule 13.25A / GEM Rule 17.27A or Monthly Return pursuant to Main<br>Board Rule 13.25B / GEM Rule 17.27B, whichever is the later.<br>2. Please set out all changes in issued shares or treasury shares requiring disclosure pursuant to Main Board Rule 13.25A / GEM Rule 17.27A together with the relevant dates of<br>changes. Each category will need to be disclosed individually with sufficient information to enable the user to identify the relevant category in the listed issuer's Monthly Return. For<br>example, multiple issues of shares as a result of multiple exercises of share options under the same share option scheme or of multiple conversions under the same convertible note<br>must be aggregated and disclosed as one category. However, if the issues resulted from exercises of share options under 2 share option schemes or conversions of 2 convertible<br>notes, these must be disclosed as 2 separate categories.<br>3. The percentage change in the number of issued shares (excluding treasury shares) of the listed issuer is to be calculated by reference to the opening balance of the number of issued<br>shares (excluding treasury shares) being disclosed in this Next Day Disclosure Return.
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FF305<br>Page 4 of 7 v 1.3.0<br>4. In the case of a share repurchase or redemption, the “issue/ selling price per share” shall be construed as “repurchase price per share” or “redemption price per share”.<br>Where shares have been issued/ sold/ repurchased/ redeemed at more than one price per share, a volume-weighted average price per share should be given.<br>5. The closing balance date is the date of the last relevant event being disclosed.<br>6. For repurchase or redemption of shares, disclosure is required when the relevant event has occurred (subject to the provisions of Main Board Rules 10.06(4)(a), 13.25A and 13.31 /<br>GEM Rules 13.13(1), 17.27A and 17.35), even if the repurchased or redeemed shares have not yet been cancelled.<br>If repurchased or redeemed shares are to be cancelled upon settlement of such repurchase or redemption after the closing balance date, they shall remain part of the issued shares as<br>at the closing balance date in Part A. Details of these repurchased or redeemed shares shall be disclosed in Part B.<br>7. Items (i) to (viii) are suggested forms of confirmation. The listed issuer may amend the item(s) that is/are not applicable to meet individual cases.<br>8. “Identical” means in this context:<br>- the securities are of the same nominal value with the same amount called up or paid up;<br>- they are entitled to dividend/interest at the same rate and for the same period, so that at the next ensuing distribution, the dividend/interest payable per unit will amount to<br>exactly the same sum (gross and net); and<br>- they carry the same rights as to unrestricted transfer, attendance and voting at meetings and rank pari passu in all other respects.
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FF305<br>Page 5 of 7 v 1.3.0<br>Section II must also be completed by a listed issuer where it has made a repurchase of shares which is discloseable under Main Board Rule 10.06(4)(a) / GEM Rule 13.13(1).<br>Repurchase report<br>Section II<br>1. Class of shares Ordinary shares Type of shares Not applicable Listed on the Exchange Yes<br>Stock code (if listed) 06686 Description<br>A. Repurchase report<br>Trading date Number of shares<br>repurchased<br>Method of repurchase<br>(Note 1)<br>Repurchase price per share or<br>highest repurchase price per<br>share $<br>Lowest repurchase<br>price per share $ Aggregate price paid $<br>1). 01 April 2025 1,500 On another stock exchange<br>New York Stock Exchange<br>USD 1.898 USD 1.898 USD 2,847<br>Total number of shares<br>repurchased 1,500 Aggregate price paid $ USD 2,847<br>Number of shares<br>repurchased for<br>cancellation<br>0<br>Number of shares<br>repurchased for holding<br>as treasury shares<br>1,500<br>B. Additional information for issuer who has a primary listing on the Exchange<br>1). Date of the resolution granting the repurchase mandate 12 June 2024<br>2). Total number of shares which the issuer is authorised to repurchase under the repurchase mandate 33,043,675<br>3). Number of shares repurchased on the Exchange or another stock exchange under the repurchase mandate (a) 3,100,620<br>4). As a % of number of issued shares (excluding treasury shares) as at the date of the resolution granting the repurchase mandate<br>(a) x 100 / number of issued shares (excluding treasury shares) as at the date of the resolution granting the repurchase mandate<br>0.938 %<br>5). Moratorium period for any issue of new shares, or sale or transfer of treasury shares after the share repurchase(s) set out in Part A<br>(Note 2)<br>Up to 01 May 2025
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FF305<br>Page 6 of 7 v 1.3.0<br>We hereby confirm that the repurchases made on the Exchange set out in Part A above were made in accordance with the Main Board Rules / GEM Rules and that there have been no material<br>changes to the particulars contained in the Explanatory Statement dated April 25, 2024 which has been filed with the Exchange. We also confirm that any repurchases made on another stock<br>exchange set out in Part A above were made in accordance with the domestic rules applying to repurchases on that other stock exchange.<br>Remarks: The ending date referred to for the moratorium period for any issue of new shares, or sale or transfer of treasury shares after the share repurchase(s) is based on U.S.<br>Eastern Time.<br>Notes to Section II:<br>1. Please state whether the repurchase was made on the Exchange, on another stock exchange (stating the name of the exchange), by private arrangement or by general offer.<br>2. Subject to the carve-out set out in Main Board Rule 10.06(3)(a)/ GEM Rule 13.12, an issuer may not (i) make a new issue of shares, or a sale or transfer of any treasury shares; or (ii)<br>announce a proposed new issue of shares, or a sale or transfer of any treasury shares, for a period of 30 days after any purchase by it of shares, whether on the Exchange or otherwise,<br>without the prior approval of the Exchange.
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FF305<br>Page 7 of 7 v 1.3.0<br>Section III must also be completed by a listed issuer where it has made a sale of treasury shares on the Exchange or any other stock exchange on which the issuer is listed which is discloseable<br>under Main Board Rule 10.06B / GEM Rule 13.14B.<br>Report of on-market sale of treasury shares Not applicable<br>Submitted by: Jingbo Wang<br>(Name)<br>Title: Director<br>(Director, Secretary or other Duly Authorised Officer)
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Exhibit 99.4

FF305<br>Page 1 of 7 v 1.3.0<br>Next Day Disclosure Return<br>(Equity issuer - changes in issued shares or treasury shares, share buybacks and/or on-market sales of treasury shares)<br>Instrument: Equity issuer Status: New Submission<br>Name of Issuer: Noah Holdings Private Wealth and Asset Management Limited<br>Date Submitted: 03 April 2025<br>Section I must be completed by a listed issuer where there has been a change in its issued shares or treasury shares which is discloseable pursuant to rule 13.25A of the Rules Governing the<br>Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Exchange”) (the “Main Board Rules”) or rule 17.27A of the Rules Governing the Listing of Securities on GEM of the<br>Exchange (the “GEM Rules”).<br>Section I<br>1. Class of shares Ordinary shares Type of shares Not applicable Listed on the Exchange Yes<br>Stock code (if listed) 06686 Description<br>A. Changes in issued shares or treasury shares<br>Changes in issued shares Changes in treasury<br>(excluding treasury shares) shares<br>Events<br>Number of issued<br>shares (excluding<br>treasury shares)<br>As a % of existing<br>number of issued<br>shares (excluding<br>treasury shares) before<br>the relevant event<br>Number of treasury<br>shares<br>Issue/ selling price per<br>share (Note 4)<br>Total number of issued<br>shares<br>(Note 3)<br>Opening balance as at (Note 1) 01 April 2025 334,261,874 3,100,620 337,362,494<br>1). Repurchase of shares (shares held as treasury shares)<br>Repurchase of 1,200 ADSs (representing 6,000 ordinary shares) on the<br>New York Stock Exchange on April 2, 2025 (U.S. Eastern Time) under the<br>repurchase mandate granted on the annual general meeting held on June<br>12, 2024<br>Date of changes 02 April 2025<br>-6,000 0.002 % 6,000 USD 1.898<br>Closing balance as at (Notes 5 and 6) 02 April 2025 334,255,874 3,106,620 337,362,494
FF305<br>Page 2 of 7 v 1.3.0<br>Remarks: The Company repurchased 1,200 ADSs (equivalent to 6,000 ordinary shares) on the New York Stock Exchange on April 2, 2025 (U.S. Eastern Time), for which the weighted average repurchase price was US$9.49 per ADS, or US$1.898 per share (one ADS represents five ordinary shares).<br> The date of changes, as well as the dates for the opening balance and the closing balance, are all based on U.S. Eastern Time.<br>B. Shares redeemed or repurchased for cancellation but not yet cancelled as at the closing balance date (Notes 5 and 6) Not applicable
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FF305<br>Page 3 of 7 v 1.3.0<br>Confirmation<br>Pursuant to Main Board Rule 13.25C / GEM Rule 17.27C, we hereby confirm to the best knowledge, information and belief that, in relation to each issue of shares or sale or transfer of treasury<br>shares as set out in Section I, it has been duly authorised by the board of directors of the listed issuer and carried out in compliance with all applicable listing rules, laws and other regulatory<br>requirements and, insofar as applicable:<br>(Note 7)<br>(i) all money due to the listed issuer in respect of the issue of shares, or sale or transfer of treasury shares has been received by it;<br>(ii) all pre-conditions for the listing imposed by the Main Board Rules / GEM Rules under "Qualifications of listing" have been fulfilled;<br>(iii) all (if any) conditions contained in the formal letter granting listing of and permission to deal in the securities have been fulfilled;<br>(iv) all the securities of each class are in all respects identical (Note 8);<br>(v) all documents required by the Companies (Winding Up and Miscellaneous Provisions) Ordinance to be filed with the Registrar of Companies have been duly filed and that compliance has<br>been made with all other legal requirements;<br>(vi) all the definitive documents of title have been delivered/are ready to be delivered/are being prepared and will be delivered in accordance with the terms of issue, sale or transfer;<br>(vii) completion has taken place of the purchase by the issuer of all property shown in the listing document to have been purchased or agreed to be purchased by it and the purchase<br>consideration for all such property has been duly satisfied; and<br>(viii) the trust deed/deed poll relating to the debenture, loan stock, notes or bonds has been completed and executed, and particulars thereof, if so required by law, have been filed with the<br>Registrar of Companies.<br>Notes to Section I:<br>1. Please insert the closing balance date of the last Next Day Disclosure Return published pursuant to Main Board Rule 13.25A / GEM Rule 17.27A or Monthly Return pursuant to Main<br>Board Rule 13.25B / GEM Rule 17.27B, whichever is the later.<br>2. Please set out all changes in issued shares or treasury shares requiring disclosure pursuant to Main Board Rule 13.25A / GEM Rule 17.27A together with the relevant dates of<br>changes. Each category will need to be disclosed individually with sufficient information to enable the user to identify the relevant category in the listed issuer's Monthly Return. For<br>example, multiple issues of shares as a result of multiple exercises of share options under the same share option scheme or of multiple conversions under the same convertible note<br>must be aggregated and disclosed as one category. However, if the issues resulted from exercises of share options under 2 share option schemes or conversions of 2 convertible<br>notes, these must be disclosed as 2 separate categories.<br>3. The percentage change in the number of issued shares (excluding treasury shares) of the listed issuer is to be calculated by reference to the opening balance of the number of issued<br>shares (excluding treasury shares) being disclosed in this Next Day Disclosure Return.
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FF305<br>Page 4 of 7 v 1.3.0<br>4. In the case of a share repurchase or redemption, the “issue/ selling price per share” shall be construed as “repurchase price per share” or “redemption price per share”.<br>Where shares have been issued/ sold/ repurchased/ redeemed at more than one price per share, a volume-weighted average price per share should be given.<br>5. The closing balance date is the date of the last relevant event being disclosed.<br>6. For repurchase or redemption of shares, disclosure is required when the relevant event has occurred (subject to the provisions of Main Board Rules 10.06(4)(a), 13.25A and 13.31 /<br>GEM Rules 13.13(1), 17.27A and 17.35), even if the repurchased or redeemed shares have not yet been cancelled.<br>If repurchased or redeemed shares are to be cancelled upon settlement of such repurchase or redemption after the closing balance date, they shall remain part of the issued shares as<br>at the closing balance date in Part A. Details of these repurchased or redeemed shares shall be disclosed in Part B.<br>7. Items (i) to (viii) are suggested forms of confirmation. The listed issuer may amend the item(s) that is/are not applicable to meet individual cases.<br>8. “Identical” means in this context:<br>- the securities are of the same nominal value with the same amount called up or paid up;<br>- they are entitled to dividend/interest at the same rate and for the same period, so that at the next ensuing distribution, the dividend/interest payable per unit will amount to<br>exactly the same sum (gross and net); and<br>- they carry the same rights as to unrestricted transfer, attendance and voting at meetings and rank pari passu in all other respects.
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FF305<br>Page 5 of 7 v 1.3.0<br>Section II must also be completed by a listed issuer where it has made a repurchase of shares which is discloseable under Main Board Rule 10.06(4)(a) / GEM Rule 13.13(1).<br>Repurchase report<br>Section II<br>1. Class of shares Ordinary shares Type of shares Not applicable Listed on the Exchange Yes<br>Stock code (if listed) 06686 Description<br>A. Repurchase report<br>Number of shares Method of repurchase Repurchase price per share or Lowest repurchase<br>Trading date repurchased (Note 1) highest repurchase price per price per share $ Aggregate price paid $ share $<br>1). 02 April 2025 6,000 On another stock exchange USD 1.898 USD 1.898 USD 11,388<br>New York Stock Exchange<br>Total number of shares 6,000 Aggregate price paid $ USD 11,388<br>repurchased<br>Number of shares<br>repurchased for 0<br>cancellation<br>Number of shares<br>repurchased for holding 6,000<br>as treasury shares<br>B.<br>1).<br>Additional information for issuer who has a primary listing on the Exchange<br>Date of the resolution granting the repurchase mandate 12 June 2024<br>2). Total number of shares which the issuer is authorised to repurchase under the repurchase mandate 33,043,675<br>3). Number of shares repurchased on the Exchange or another stock exchange under the repurchase mandate (a) 3,106,620<br>0.94 %<br>Up to 02 May 2025<br>4). As a % of number of issued shares (excluding treasury shares) as at the date of the resolution granting the repurchase mandate<br>(a) x 100 / number of issued shares (excluding treasury shares) as at the date of the resolution granting the repurchase mandate<br>5). Moratorium period for any issue of new shares, or sale or transfer of treasury shares after the share repurchase(s) set out in Part A<br>(Note 2)
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FF305<br>Page 6 of 7 v 1.3.0<br>Remarks: The ending date referred to for the moratorium period for any issue of new shares, or sale or transfer of treasury shares after the share repurchase(s) is based on U.S. Eastern Time.<br>Notes to Section II:<br>1. Please state whether the repurchase was made on the Exchange, on another stock exchange (stating the name of the exchange), by private arrangement or by general offer.<br>2. Subject to the carve-out set out in Main Board Rule 10.06(3)(a)/ GEM Rule 13.12, an issuer may not (i) make a new issue of shares, or a sale or transfer of any treasury shares; or (ii)<br>announce a proposed new issue of shares, or a sale or transfer of any treasury shares, for a period of 30 days after any purchase by it of shares, whether on the Exchange or otherwise,<br>without the prior approval of the Exchange.<br>We hereby confirm that the repurchases made on the Exchange set out in Part A above were made in accordance with the Main Board Rules / GEM Rules and that there have been no material<br>changes to the particulars contained in the Explanatory Statement dated April 25, 2024 which has been filed with the Exchange. We also confirm that any repurchases made on another stock<br>exchange set out in Part A above were made in accordance with the domestic rules applying to repurchases on that other stock exchange.
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FF305<br>Page 7 of 7 v 1.3.0<br>Section III must also be completed by a listed issuer where it has made a sale of treasury shares on the Exchange or any other stock exchange on which the issuer is listed which is discloseable<br>under Main Board Rule 10.06B / GEM Rule 13.14B.<br>Report of on-market sale of treasury shares Not applicable<br>Submitted by: Jingbo Wang<br>(Name)<br>Title: Director<br>(Director, Secretary or other Duly Authorised Officer)
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