NOAH - Noah updates on status under Foreign Companies Accountable Act

In its update on status under the Holding Foreign Companies Accountable Act, Noah (NYSE:NOAH) indicated that the U.S. SEC provisionally named the company as a Commission-Identified Issuer after its Form 20-F was not able to be inspected or investigated completely for 3 consecutive years starting in 2021. Based on the same, the the SEC shall prohibit its shares or  ADS from being traded on a national securities exchange or in the over-the-counter trading market in U.S. Under agreement terms, ADSs will be delisted from NYSE in early 2024 unless a full inspection is carried out in required timeframe. The company noted that it that this update has no impact on business operations.

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Noah updates on status under Foreign Companies Accountable Act