Noah Holdings Limited announced that the promotion of Ms. Yang Gao to the position of Chief Operating Officer, replacing Mr. Harry Tsai, who is leaving for personal reasons, effective August 31, 2018. Ms. Gao has more than 13 years of experience in financial and operating management. She joined the company in June 2011 and serves as the general manager of the public affairs department of the company. Prior to joining Noah, Ms. Gao worked with the taxation management department of Shanda Group for seven years.