Noah Holdings announced on November 27th on the Hong Kong Stock Exchange that the net income for the third quarter of 2024 was 0.684 billion yuan (97.4 million U.S. dollars), an 8.8% decrease from the same period in 2023, mainly due to a 33% decrease in net income from mainland China, partially offset by a 28.9% increase in net income from overseas. In the third quarter of 2024, Noah's shareholder's net profit attributable to shareholders was 0.134 billion yuan (19.2 million U.S. dollars), a 42.4% decrease from the same period in 2023, mainly due to a 3.2% decrease in operating income; an unrealized U.S. Dollar-denominated forex loss of approximately 43.6 million yuan; and a one-time 30.0% increase in income tax expenses related to dividend withholding tax from offshore stock dividends paid by Chinese subsidiaries. The net profit attributable to Noah's shareholders in the third quarter of 2024 increased by 34.7% month-on-month, mainly due to a 79.7% growth in operating income.