The "AI Together · Co-Generating the Future" 2025 18th Noah Holdings Global Black Diamond Client Annual Meeting at the Shanghai NWC has successfully concluded! We extend our gratitude to the 1,500+ Noah Black Diamond clients who flew in from around the world to gather at the Noah Wealth Center (NWC) in Shanghai. The Noah Black Diamond Annual Meeting has built a legacy over the past seventeen years, and today, it stands as a leading platform for intellectual exchange and wealth co-creation for global Chinese high-net-worth clients. Here, we discussed the essence of wealth, examined the changes of the times, sought long-term answers, and shared in gratitude and growth.

AI Together · Co-Generating the Future

2025 marks the year AI truly enters public consciousness and transforms industries. Globally, businesses are actively exploring how AI can empower productivity and reshape decision-making. Therefore, this year's Black Diamond Annual Meeting has evolved into a "Mobile Annual Meeting" to foster stronger connections, enable greater interaction, and deliver a deeper sense of purpose. This innovative format allows clients to experience firsthand how AI is becoming the fundamental driving force behind the future of wealth management and modern lifestyles.

From the AI relationship manager Noya and interactive humanoid robots providing personalized guidance, to exclusive visits with leading global institutions and the stunning "Dimensions of Light" Noah Global N+ Club photography exhibition and N+ Art Club showcase —every corner of the 72,000-square-meter NWC pulsed with the convergence of AI, art, and human wisdom.

Global Partnership, AI Extending Judgment, 

and Wisdom Achieving Life Stories: 

Three Priorities to Continuously Enrich

 "Wisdom Beyond Wealth"

Jingbo Wang, Founder and Chairwoman of Noah Holdings, delivered a keynote speech reviewing the past and outlining a vision for the future. She outlined Noah's direction for the next decade through three key priorities:

·Build deeper collaborations with clients globally: from allocation to co-investment, from education to philanthropy, and from enterprise global expansion to the gradual formation of family values.

·Ensure AI truly becomes an extension of judgment: not a gimmick, but a capability.

·Write the phrase "Wisdom Beyond Wealth" into the life story of every one of our clients.

Jingbo Wang emphasized "listening, understanding, and companionship," pointing out that "the ultimate goal of technology is the warmth of the human heart." This is the value Noah has long practiced: using efficiency, quality, and cost to prove professionalism, and using warmth, trust, and commitment to prove worthiness.

Where the Client Is, Noah Is

—Accompanied by a Global Think Tank

From the Chinese Mainland to Hong Kong, from Singapore to the US, Noah's global network has always lived up to the promise "Where the client is, Noah is." We act to realize the vision that "Where there are Chinese, there is Noah's ARK" and build a "Centennial Wealth Ship."

Our system upgrade mirrors our physical space—both place the client at the center. The newly enhanced AI relationship manager, Noya, delivers intelligent insights across dimensions such as holdings insight, asset allocation review, return analysis, product interpretation, and fund tracking, achieving a leap from passive/static to intelligent/active. The brand-new "AI Asset Diagnosis" and "AI Fund Diagnosis" modules provide a six-dimensional stereoscopic view, generating exclusive allocation suggestions for clients, making assets easier to understand and actions more executable.

Noah understands that the effectiveness of AI judgment relies on the input of authoritative expertise. Through long-standing partnerships with leading global institutions, we've integrated frontline insights to enhance our AI capabilities. During this annual meeting, Noah arranged exclusive client visits to leading global asset management institutions, infrastructure giants, and AI tech leaders such as Goldman Sachs, EQT Group, Macquarie Group Limited, and SenseTime Group Limited. Clients saw assets, teams, and long-term value in real-world scenarios. Partners from Vista Equity Partners, Wellington Management Company, Brookfield Asset Management, Azimut Group, Graham Capital Management, and P/E Investments also joined the meeting to discuss structural opportunities in global investment.

Noah Holdings' subsidiaries Glory Family Heritage, Olive Asset Management, and Noah Upright Fund Distribution Co., Ltd. convened with leading experts from global asset management, family governance, and cross-border operations. Through dedicated sub-forums, they explored the critical issues facing Chinese high-net-worth families and enterprises: global asset allocation, family succession, and international business expansion. These discussions directly addressed clients' need for both security and strategic direction in an increasingly complex environment.

For Noah, AI is the extension of human judgment. It helps us understand the market and guard trust with higher cognition, faster response times, and a broader vision, allowing Noah to better fulfill its mission of building a "Centennial Wealth Ship."

From "Understanding" to "Execution": 

A Multi-Dimensional Framework Facilitates "Unity of Knowledge and Action"

This year's annual meeting utilized the "Ten-Star Strategy" systematic methodology to help clients clearly understand the growth path of asset allocation. With traceable, executable, and accumulable approaches, we help build a global wealth structure that is more resistant to volatility, more certain, and inheritable.

The immersive strategy experience, Financial Allocation Gomoku, used game theory to deconstruct asset synergy, risk hedging, cycle allocation, and regional diversification. It allowed every participant to easily grasp the underlying law: Wealth is like chess, where the true value lies in how your pieces are placed.

The "Dimensions of Light" photography exhibition presented the footprint of Noah walking with clients through real images. A story about the power of time and trust is told across four chapters: "Distant Domain," "Breath of Time," "Empathy's Glow," and "Path of Conviction." 

And yet, this is just the beginning. Once again, we thank our global Chinese clients for their trust and companionship. Every reunion strengthens our shared journey; every conversation deepens our collective understanding of wealth management. Noah will continue to accompany you, safeguarding your trust through professional excellence and illuminating pathways to prosperity with insight and innovation.