NOAH HOLDINGS LTD Initial Statement of Beneficial Ownership

Noah Holdings Ltd director He Boquan has filed an initial Form 3 showing a large indirect ownership stake.

Accepted by SEC EDGAR 03/16/2026 - 09:05 AM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Noah Holdings Ltd director He Boquan has filed an initial Form 3 showing a large indirect ownership stake. The filing reports beneficial ownership of 16,398,720 ordinary shares held indirectly through Quan Investment Co., Ltd., a British Virgin Islands company wholly owned and controlled by him. This entry reflects reported holdings rather than a new share purchase or sale.

Insider Trade Summary

Holdings reported, no transactions

Holdings

Insider He Boquan

Role Director

Type	Security	Shares	Price	Value
Holding	ORDINARY SHARES	--	--	--

Holdings: ORDINARY SHARES — 16,398,720 shares (Indirect, See Footnote)

Footnotes (1)

1. F1. By Quan Investment Co., Ltd., a British Virgin Islands company wholly owned and controlled by Mr. Boquan He.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Noah Holdings (NOAH) Form 3 filing by He Boquan show?

The Form 3 filing shows director He Boquan reporting his initial beneficial ownership in Noah Holdings. It discloses an indirect stake in ordinary shares held via a controlled entity, establishing his starting ownership position as a company insider.

How many Noah Holdings (NOAH) shares does He Boquan report on Form 3?

He Boquan reports indirect beneficial ownership of 16,398,720 ordinary shares of Noah Holdings. This figure represents the total number of shares attributed to him through an affiliated entity, rather than a series of recent market transactions.

How are He Boquan’s Noah Holdings (NOAH) shares held according to the Form 3?

The shares are held indirectly through Quan Investment Co., Ltd., a British Virgin Islands company wholly owned and controlled by He Boquan. This structure means the reported ownership is attributed through that entity rather than personal direct share certificates.

Does the Noah Holdings (NOAH) Form 3 indicate recent buying or selling by He Boquan?

The Form 3 does not indicate recent buying or selling activity. It functions as an initial beneficial ownership report, listing the 16,398,720 ordinary shares held indirectly, rather than documenting new open-market purchases or sales.

What is the significance of Quan Investment Co., Ltd. in Noah Holdings (NOAH) Form 3?

Quan Investment Co., Ltd. is identified as the holder of the reported Noah Holdings shares. The footnote states it is a British Virgin Islands company wholly owned and controlled by He Boquan, making it the vehicle through which his indirect ownership is reported.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

He Boquan

(Last) (First) (Middle)

7TH FLOOR, BLOCK B, NOAH WEALTH CENTER,

1226 SHENBIN SOUTH ROAD, MINHANG

(Street)

SHANGHAI F4 201107

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/16/2026

3. Issuer Name and Ticker or Trading Symbol
NOAH HOLDINGS LTD [ NOAH ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
ORDINARY SHARES	16,398,720	I	See Footnote(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. By Quan Investment Co., Ltd., a British Virgin Islands company wholly owned and controlled by Mr. Boquan He.

	/s/ BOQUAN HE	03/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.