NOAH · Noah Holdings Limited

This 6-K filing reports routine, pre-authorized share repurchases conducted by Noah Holdings Limited on the NYSE over a seven-week period ending February 20, 2026. The company executed 36 discrete on-market purchases totaling 1,527,805 ordinary shares (305,561 ADSs), all under a repurchase mandate formally approved by shareholders at the June 12, 2025 annual general meeting. These shares are held as treasury shares and have not yet been cancelled — confirmed by identical opening and closing balances of 337,233,937 issued shares as of April 9 and April 10, 2026. The repurchase activity reflects disciplined capital deployment rather than opportunistic or reactive action, given its basis in a prior shareholder vote and consistent execution across multiple dates. Pricing remained tightly clustered between USD 1.975 and USD 2.40 per share, suggesting orderly execution without material price impact. While no aggregate dollar amount is disclosed, the volume represents approximately 0.45% of the company’s outstanding ordinary shares. For investors, this signals continued commitment to returning capital to shareholders, though the absence of a new authorization or expanded program limits near-term forward implications. The disclosure complies with Hong Kong Exchange rules (Main Board Rule 13.25A) and serves an informational, non-materially transformative purpose.