Noah Holdings Limited announced the appointment of Tianjing Zhang as an independent director, effective August 29, 2026. The move follows the retirement of Cynthia Jinhong Meng from the same role on August 28, after three years of service. The company stated Meng’s departure was not due to any disagreement with management.
David Zhang, who had served as an independent director under U.S. regulations since June 2024, was redesignated as an independent director under Hong Kong Listing Rules effective the same day. His independence assessment was conducted under Rule 3.13 of the Hong Kong Listing Rules, which considers the passage of time since his retirement from Kirkland & Ellis in January 2024.
The board also announced updates to its committee compositions. Tianjing Zhang will serve on the Audit Committee alongside Xiangrong Li and David Zhang. The Remuneration Committee will be chaired by May Yihong Wu, with Boquan He and Xiangrong Li as members. The Corporate Governance and Nominating Committee remains led by Jingbo Wang, with May Yihong Wu and David Zhang as members.
Tianjing Zhang brings nearly two decades of experience in cross-border disputes, regulatory investigations, and compliance. Since May 2025, he has served as Head of International Business at HOZU Capital. Prior to that, he worked at Kirkland & Ellis International LLP from January 2012 to April 2025, including as managing partner of the Shanghai office. He holds a Juris Doctor from the University of Texas School of Law and is admitted to practice law in California.
Noah Holdings, a wealth management services provider primarily serving high-net-worth Chinese investors, reported 469,987 registered clients and RMB 140.9 billion in assets under management as of June 30, 2026. The company’s shares are listed on the New York Stock Exchange under ticker `NOAH` and on the Hong Kong Stock Exchange under ticker `6686`.
