29 C
Vientiane
Thursday, June 19, 2025
spot_img
Home Blog Page 336

Abu Dhabi Pioneers Collaborative Approach to Responsible AI in Healthcare at Health Leaders Roundtable

  • Held during Abu Dhabi Global Health Week, the roundtable united global health leaders to shape a Declaration on AI governance principles for healthcare
  • This collaborative dialogue explored key challenges and opportunities in unlocking AI’s potential, and the optimal governance principles required to develop an agile framework for effectively integrating AI in healthcare
  • Its key principles are rooted in inclusion, equity, and ethics, to ensure patient safety while enabling responsible innovation
  • Participants included academics, technology experts, and pharmaceuticals leaders from across Africa, the US, Europe, Asia, and the Middle East

ABU DHABI, UAE, April 24, 2025 /PRNewswire/ — The Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the Emirate, convened senior international government officials at the Health Leaders Roundtable to shape a Declaration on AI governance principles for healthcare. Held on the sidelines of Abu Dhabi Global Health Week (ADGHW), it considered the challenges and opportunities in unlocking the potential of artificial intelligence (AI), and explored key principles in the governance of AI in healthcare.

Abu Dhabi Pioneers Collaborative Approach to Responsible AI in Healthcare at Health Leaders Roundtable
Abu Dhabi Pioneers Collaborative Approach to Responsible AI in Healthcare at Health Leaders Roundtable

Hosted together with PwC Middle East, findings from the roundtable will inform the development of a collaborative approach that will serve as a reference for governments, health systems, and innovators to ensure that AI’s integration into healthcare systems is transparent, responsible, and inclusive.

His Excellency Mansoor Ibrahim Al Mansoori, Chairman of the Department of Health – Abu Dhabi, added: “AI is not tomorrow’s technology, it is today’s reality. While many of us are adapting to its rise, our children will grow up with it as the norm. That’s why the decisions we make today, around ethics, equity, and safety, must be made together. Through this declaration, we will establish a globally accessible guideline that extends beyond borders and commercial interests. This document is a call to action for governments, innovators, and healthcare leaders everywhere.”

The forthcoming Declaration on governance principles for AI in healthcare will outline guiding principles for responsible AI deployment to improve health outcomes and protect patient rights. Designed as a globally accessible resource, the declaration will inspire unified governance and serve as a trusted reference for stakeholders worldwide.

In her opening remarks at the Roundtable, Her Excellency Dr. Noura Al Ghaithi, Undersecretary of the Department of Health – Abu Dhabi, stated: “AI has extraordinary potential in healthcare. It is already transforming how we deliver care, how we diagnose, and how we discover. But with great power comes great responsibility. In Abu Dhabi, we are harnessing AI as our engine and policy as our platform, turning data into life-saving insight, and insight into meaningful action. Our vision is to deliver healthcare that is precise, proactive, and personal and to do so in a way that puts people, not technology, at the centre.”

During the Roundtable, participants emphasised the need for agile legal and regulatory frameworks to enable the safe and ethical application of AI in healthcare, while enabling innovation. With an emphasis on the need for a human-centred approach, discussions explored key themes including standardisation of data, data privacy and trust, skills development and community engagement.

Key insights from the Roundtable highlight the need for:

  • Transparent testing frameworks to ensure AI tools meet real-world clinical standards;
  • Collaborative ecosystems that unite regulators, industry, academia, and civil society across geographies;
  • Responsible data access that protects privacy, ensure security, and clarify ownership;
  • Addressing the AI skills gap by scaling education and awareness across healthcare systems and prepare healthcare workforces for a new era.
  • Aligning AI use cases with real-world patient and system challenges, avoiding technology for technology’s sake.

The Health Leaders Roundtable brought together a distinguished group of local and international voices, including government officials, AI experts, healthcare executives, and multilateral organisations, to explore the shared principles and practices needed to deploy AI responsibly, effectively, and equitably.

These themes build on Abu Dhabi’s rapidly advancing AI ecosystem, which in the field of health, is taking billions of data points, and turning them into life-changing insights.

Supporting the Emirates’s approach is the Global AI Healthcare Academy, launched by DoH, which equips healthcare professionals worldwide with theoretical knowledge and hands-on training needed to implement AI technologies effectively, setting a global standard for capacity building. In addition, Malaffi – the region’s first Health Information Exchange – provides secure, real-time access to patient data across both public and private healthcare providers. This seamless data integration is crucial for enabling AI tools to be deployed safely, efficiently, and at scale.

ADGHW is a major government initiative from DoH, and serves as a platform for innovation and collaboration under the 2025 theme ‘Towards Longevity: Redefining Health and Well-being.’  By convening diverse stakeholders from around the world, ADGHW is a community without borders that seeks to advance the future of health and well-being. 

For media inquiries or interview opportunities, please contact:  
Maroun Farah, Senior Media Relations Manager, Weber Shandwick
E: mfarah@webershandwick.com 
T: +971 55 166 2557

WEPACK 2025 Successfully Concludes in Shanghai, Setting New Records and Driving Global Packaging Innovation

SHANGHAI, April 24, 2025 /PRNewswire/ — WEPACK 2025, the premier global packaging industry exhibition, organized by RX, concluded today at the Shanghai New International Expo Center with resounding success. Over the three-day event, the expo welcomed an unprecedented 138,614 visitors from home and abroad, marking a 51.37% increase compared to 2023. Of these, 18,806 were international visitors—an astonishing year-on-year growth of 189.19%—setting new records in the show’s history.


This year’s edition saw a major expansion in scope and influence. With an exhibition area of 120,000 square meters, WEPACK 2025 brought together over 1,500 domestic and international exhibitors, showcasing more than 1,000 pieces of equipment across the full packaging industry chain. The event featured over 200 new product launches, underlining the sector’s rapid innovation and dynamism.


WEPACK 2025 further solidified its role as a global platform for collaboration. Over 100 industry associations from China and abroad visited in organized groups, fostering a rich environment for international exchange. The TAP (Targeted Attendee Program) team successfully facilitated 898 business matching sessions, including 318 cross-border matchmaking meetings, resulting in numerous new global trade partnerships and concrete cooperation agreements.

The atmosphere throughout the event was vibrant and engaging. Attendees explored specialized exhibition zones, participated in high-level procurement talks, and actively pursued new market opportunities, further showcasing WEPACK’s powerful influence in connecting global packaging stakeholders.

Beyond the exhibition floor, 35 professional on-site events were held, offering attendees a wealth of industry insights and business prospects. Highlights included the GC O2O Outlet Sale Event, which featured exclusive offers on equipment, consumables, and accessories, as well as the Vietnam Investment Day Forum, providing strategic guidance for Chinese packaging companies expanding into Southeast Asia.


WEPACK 2025 served not only as a showcase of cutting-edge technologies and solutions, but also as a catalyst for global cooperation, supply chain synergy, and sustainable development across the industry.

The next edition of WEPACK will take place in April 2026 at the Shenzhen World Exhibition & Convention Center. With continued enhancements in scale, content, and service, WEPACK 2026 promises to deliver an even more impactful and forward-looking platform for the global packaging community.

The WEPACK organizing committee extends its deepest gratitude to all exhibitors, attendees, and partners. Together, we will continue driving the future of packaging through innovation, collaboration, and shared global vision.

We look forward to welcoming you in Shenzhen!

Webull Announces Brand Partnership with Tampa Bay Rays

ST PETERSBURG, Fla., April 24, 2025 /PRNewswire/ — Webull (NASDAQ: BULL), an online investment platform, today announced a partnership with the Tampa Bay Rays and the Tampa Bay Rowdies for the 2025 season. Webull will become the Official Online Brokerage of the Rays and Proud Partner of the Rowdies, further establishing its commitment to the St. Petersburg and Tampa Bay communities.

Through this partnership, Webull aims to engage with local communities by tapping into the Tampa Bay Rays’ well-known brand, with the goal of making a positive impact. Give-back initiatives include hurricane relief fundraisers, financial literacy events with local schools, and various community outreach efforts like volunteering and donations.

“Webull is proud to call St. Petersburg home, and we want our local communities to know that we are committed to being an active part the Tampa Bay area,” said Anthony Denier, Group President and US CEO of Webull. “Giving back goes beyond monetary donations. One of our core values is to promote financial literacy across all age groups, and our focus will be on providing resources and education to help individuals strengthen their financial knowledge.”

Webull has been part of the St. Petersburg community since 2023, when it relocated its corporate headquarters to the Carillion business district.

 “We are fortunate to have a corporate neighbor like Webull headquartered in St. Petersburg and investing in the Tampa Bay region,” said Rays President and Rowdies Vice Chairman Brian Auld. “Their work will help our region thrive, and our shared commitment to community service makes them a fitting partner.”

This marks Webull’s first partnership and collaboration with a Major Leage Baseball (MLB) team. Webull’s logo and branding will also be prominently displayed at George M. Steinbrenner Field, the 2025 home of the Tampa Bay Rays, and Al Lang Stadium, home of the USL Championship League Rowdies, throughout the 2025 season.

About Webull US  

Webull is a leading online investment platform built on next generation global infrastructure. Users of the Webull platform are empowered to pursue their financial goals with advanced charting tools, cutting-edge technology, and real-time market data. Through Webull’s online brokerage, self-directed investors can access low-cost trading across a wide range of assets, including securities, options, and futures, along with wealth management services. Webull Financial LLC (“Webull Financial”) is registered as a broker-dealer with the Securities and Exchange Commission (SEC) and a futures commission merchant registered with the Commodity Futures Trading Commission (CFTC). Webull Financial is a member of the Financial Industry Regulatory Authority (FINRA), the National Futures Association (NFA), and the Securities Investor Protection Corporation (SIPC). Advisory accounts and services are provided by Webull Advisors LLC, an investment advisor registered with the SEC. Registration does not imply a level of skill or training.  All investing is subject to risk, including the possible loss of principal. Options involve unique risks not suitable for all investors. Please visit www.webull.com/disclosures to read the ODD. For more information about Webull, visit www.webull.com.

About Webull

Webull Corporation (NASDAQ: BULL) owns and operates Webull, a leading digital investment platform built on next-generation global infrastructure. Through its global network of licensed brokerages, Webull offers investment services in 14 markets across North America, Asia Pacific, Europe, and Latin America. Webull serves more than 23 million registered users globally, providing retail investors with 24/7 access to global financial markets. Users can put investment strategies to work by trading global stocks, ETFs, options, futures and fractional shares through Webull’s trading platform, which seamlessly integrates market data and information, its user community, and investor education resources. Learn more at https://www.webullcorp.com/.

About The Tampa Bay Rays

The Tampa Bay Rays mission is to energize the community through the magic of Rays baseball. The organization is committed to building a strong community bond through meaningful interactions and charitable donations, and has proudly represented Major League Baseball since 1998.

Media Contact

Nicholas Koulermos
5W Public Relations
Webull@5wpr.com 

 

Industry Changing Innovation: How Aiper Revolutionized Robotic Pool Cleaning Technology in Under a Decade

From cutting-edge designs to industry firsts, Aiper’s ongoing technology evolution is shaping the future of pool care

ATLANTA, April 24, 2025 /PRNewswire/ — Aiper, the pioneer of cordless robotic pool cleaners, dives into its game-changing journey to transform the pool care industry in less than a decade. Since launching in 2017, Aiper has reimagined pool maintenance – ditching outdated tools in favor of smart, stress-free solutions. Fueled by relentless research and development, Aiper’s ever-evolving product lineup of underwater cleaners has saved millions of pool owners time, money, and hassle, making high-tech pool care the new standard.

Aiper's Scuba X Series
Aiper’s Scuba X Series

Pioneering Cordless Pool Cleaning

Aiper made waves with its first-generation product line, unveiling the industry’s first truly cordless robotic pool cleaner – eliminating tangled cords and clunky setups that frustrated pool owners for years. With extended runtimes, faster charging, and broader cleaning coverage, Aiper redefined what pool care could be and laid the foundation for a new era of innovation.

Building on that momentum, Aiper’s second-generation lineup introduced groundbreaking, patented technologies. WavePath™ Navigation delivered smarter, more efficient cleaning by seamlessly navigating even the most complex pool shapes. Meanwhile, WaveLine™ technology tackled one of pool care’s toughest challenges: surface debris along the waterline. With design-driven innovations, Aiper’s industry-leading technology garnered recognition from both the Red Dot and iF design awards. Together, these advancements elevated pool cleaning from a chore to a fully automated, hands-off experience – setting the stage for Aiper’s next phase of technological advancements.

Prioritizing Power and Progress: Aiper’s Third Generation

Now, in 2025, Aiper has brought to market its third-generation of robotic pool cleaners – a bold leap forward in smart pool care and its most advanced lineup yet. Powered by cutting-edge technology, the Scuba X Series is designed to elevate the pool cleaning experience like never before, with intelligent features that adapt to most pool shapes and sizes. Built on Aiper’s commitment to constant innovation, this new generation delivers smarter solutions and proves the brand isn’t slowing down anytime soon.

Leading the lineup, the Scuba X1 Pro Max delivers a complete top-to-bottom clean powered by OmniSense+™ 2.0 — a cutting edge technology integrating 40 sensors and 4 ultrasonic sensors for comprehensive pool mapping along with FlexiPath 2.0™ for adaptive path planning that maximizes cleaning coverage. Equipped with a quad-roller brush system and powerful suction, the Scuba X1 Pro has a run time of 180 minutes and features an auto cleaning mode that adjusts its cleaning power in response to detected debris levels. The Scuba X1 offers 4+1 cleaning modes and combines OmniSense™ with WavePath™ 3.0 to intelligently navigate the pool space. Aiper also offers surface-focused cleaning solutions, like the award-winning Surfer S2 pool skimmer, designed to keep the water’s surface clear of leaves, dirt, and other floating debris with ease. This solar-powered skimmer features the industry-first DebrisGuard™ design to capture every leaf and particle—plus a built-in chlorine dispenser for effortless, effective water disinfection.

For next-level pool care, the HydroComm Series – a line of companion accessories for the Aiper Scuba X Series – provides underwater communication and water quality monitoring abilities. With real-time monitoring through the Aiper app, choose between models that either track water quality and/or provide live updates from the robot on battery, cleaning progress, and more. Together, these unique features and patented technologies showcase how far Aiper has come—delivering smart, tailored solutions for every pool.

“When we design new generations of cleaners, we start by listening—really listening—to pool owners,” said Richard Wang, CEO and Founder of Aiper. “We ask: How can we make their lives easier? What more can we do to bring comfort, confidence, and ease to their pool care routine? At Aiper, innovation is about pushing ourselves to create smarter, more thoughtful solutions that truly serve people. We’re committed to growing, evolving, and reimagining what’s possible – so pool owners can spend less time cleaning and more time enjoying life.”

With advanced navigation, powerful cleaning performance, and real-time data insights, Aiper’s latest models deliver a truly care-free pool care experience. Backed by cutting-edge R&D, proprietary technology, and rigorous global testing—including TÜV-certified products—Aiper continues to redefine what robotic pool cleaning can be. Now in its third-generation, Aiper is pushing boundaries worldwide—bringing smarter, faster, and more effortless solutions to pool owners everywhere.

Just in time for National Pool Opening Day on April 26, consumers can find more information about Aiper products at  Aiper.com and can follow Aiper on LinkedIn, Facebook, Instagram, TikTok, and X.

About Aiper

Aiper is the global pioneer of cordless robotic pool cleaning technology and a leader in smart yard product solutions. Through its “Bring Vacation Home” campaign, Aiper empowers homeowners to transform their backyards into a personal vacation retreat with the help of innovative, smarter, and greener product solutions that effortlessly handle pool and lawn maintenance to save time, money, and energy. From state-of-the-art pool cleaners to intelligent irrigation systems, Aiper delivers a comprehensive backyard ecosystem of products that simplify outdoor maintenance so users can enjoy more leisure and fun. Renowned for excellence, Aiper products have garnered prestigious awards, including the Red Dot Design Award, the iF Design Award, and editorial awards from USA Today and TWICE. Additionally, Aiper has been recognized as a CES Innovation Awards honoree in 2023, 2024, and 2025, underscoring its commitment to pioneering smart yard solutions.

Love Learning Chinese? Chinesia Launches Global Live & One-on-One Classes This May

HONG KONG, April 24, 2025 /PRNewswire/ — Chinesia, the Mandarin learning app beloved by a new generation of language learners, has officially announced the launch of its Live Classes and Personalized One-on-One Programs starting May 2025.

Chinesia
Chinesia

Designed for beginners, Chinesia has won the hearts of young learners across Southeast Asia with its exquisite illustrations, gamified lessons, and a lovable panda mascot that reflects elements of traditional Chinese culture. The app combines AI coaching, cultural immersion, and multilingual support, now available in more than 20 interface languages including Thai, Vietnamese, Bahasa Indonesia, Arabic, Japanese, and English.

This May, Chinesia will roll out international learning programs:

  • Live Group Classes in Thailand, Vietnam, North Africa, and Indonesia
  • One-on-One Personalized Programs in North America, Japan, South Korea, and Saudi Arabia

Why is Chinesia gaining momentum so quickly?

Beyond its innovative tech and appealing visuals, Chinesia offers a deeply immersive and practical learning experience. In partnership with Beijing Foreign Studies University, Chinesia has developed a comprehensive Chinese learning solution tailored to the diverse needs of global learners. It goes beyond traditional study methods to offer:

  • 200+ video-based lessons covering everyday life scenarios and HSK vocabulary
  • A gamified learning system that builds listening, speaking, reading, and writing skills in a fun and effective way
  • An exclusive 100-episode animated series that brings Chinese culture to life, helping learners understand the language through rich cultural storytelling

“Chinesia blends AI tutoring with real-life culture and short video stories — so you learn the way people actually talk, not just how textbooks write,” said the company’s CEO. “This is where Chinesia truly stands out.”

With China now the largest trading partner for 166 countries and regions, Mandarin proficiency is becoming increasingly valuable. According to China’s National Immigration Administration, cross-border travel surged to 610 million trips in 2024, a 43.9% year-on-year increase — reflecting a growing global connection with Chinese-speaking communities.

Chinesia is perfectly positioned to ride this wave, offering a modern, dynamic, and culturally rich approach to Mandarin learning.

Backed by a passionate team of educators and technologists, Chinesia is on a mission to become the leading platform for learning Chinese worldwide.

Chinesia is now available globally on both the App Store and Google Play.
https://play.google.com/store/apps/details?id=com.zysd.chinesia 
https://apps.apple.com/us/app/chinesia-learn-chinese/id6450110383

Contact:
Jade Rong
jade@zh-games.com

Suvoda and Greenphire Announce Completion of Merger

CONSHOHOCKEN, Pa. and KING OF PRUSSIA, Pa., April 24, 2025 /PRNewswire/ — Suvoda, a global clinical trial technology company specializing in randomization and trial supply management, consent, and patient outcomes data collection solutions for complex, life-sustaining studies, and Greenphire, a leader in clinical trial payments, financial management, and patient support tools, today announced the successful completion of their previously announced merger, bringing the two companies under common ownership and management.

Through this merger, the combined company is now better equipped to provide a comprehensive solution to its customers to support the urgent and mission critical moments of their clinical trials. Its customers will have access to an expanded set of capabilities, while continuing to benefit from its steadfast commitment to high-quality services and support. The combined solutions will be unified on a powerful platform that will simplify workflows and ease the experience of running and participating in a clinical trial. The unified data layer will deliver greater insight to empower sponsors, sites, and patients to make more informed and nuanced decisions about their trials.

The combined company will be known as Suvoda. Meaning “the dawn of wellbeing” in Sanskrit, Suvoda reinforces the promise to ease the patient, site, and sponsor experience in clinical trials and contribute to advancing health globally. The name Greenphire will continue at the product level.

The company will be led by Chief Executive Officer Jagath Wanninayake, Suvoda’s Founder and CEO. Thoma Bravo, a leading software investment firm, is the lead strategic investor in the combined company, with Bain Capital Tech Opportunities Fund and LLR Partners making a significant minority investment.

“We are thrilled to announce the completion of our merger and the beginning of our new journey together,” said Jagath Wanninayake, CEO of the combined company. “This partnership represents a significant milestone in our mission to optimize the financial and operational aspects of clinical trials. As one firm, we are now better able to deliver for our customers by meeting their evolving needs and providing them with enhanced solutions that will drive efficiency, reduce costs, and ultimately improve patient outcomes.”

About Suvoda
Suvoda is a global clinical trial technology company specializing in complex, life-sustaining studies in therapeutic areas like oncology, central nervous system (CNS), and rare diseases. Founded in 2013 by experts in eClinical technologies, Suvoda empowers clinical trial professionals to manage the most urgent moments in the most urgent trials through advanced software solutions delivered on a single platform. Headquartered outside Philadelphia, Suvoda also maintains offices in Portland, OR, Barcelona, Spain, Bucharest and Iasi, Romania, and Tokyo, Japan. The company’s Net Promoter Score (NPS) consistently exceeds the technology industry average, contributing to the company being selected by trial sponsors and CROs to support more than 1,800 trials across 95 countries. To learn more, visit suvoda.com. Follow Suvoda on LinkedIn.

About Greenphire
Greenphire is the pioneer in financial management and patient support for global clinical trials. From participant reimbursements, travel, and engagement to study budgeting and data, site payments, and more, the company connects the dots across disparate processes and stakeholders to get studies done faster. Founded in 2008 and guided by a dedication to site and participant experience, Greenphire’s best in class solutions accommodate regional workflow preferences, navigate challenging regulatory demands, and address the unique needs of every patient. Greenphire currently supports more than one million active trial participants and more than 25,000 investigative research teams at sites in 80 countries worldwide. Greenphire Means GO. To learn more, we invite you to visit greenphire.com and follow us on LinkedIn.

Contact

Elena Filimonova
Chief Marketing Officer
marketing@suvoda.com

Greenphire
Greenphire

Logo – https://laotiantimes.com/wp-content/uploads/2025/04/greenphire_suvoda_llc_logo.jpg 

Logo – https://laotiantimes.com/wp-content/uploads/2025/04/greenphire.jpg

Noah Releases 2024 Chairwoman Letter to Shareholders

SHANGHAI, April 24, 2025 /PRNewswire/ —

Dear Shareholders,

On behalf of Noah’s Board of Directors (the “Board”) and management team, I would like to extend our sincerest gratitude to all shareholders. The year 2024 marked a pivotal chapter in our global expansion, representing a new era of entrepreneurship for Noah. With firm resolve, we embarked on this journey by comprehensively transforming our distribution channels, strengthening our compliance framework, and driving sustainable growth through our overseas expansion.

The challenges presented by this transformation were unprecedented. We had to navigate and comply with diverse regulatory frameworks across multiple jurisdictions and break established operational routines. Simultaneously, we needed to empower our core teams to achieve breakthroughs while continuously attracting global talent. This was not merely a business transformation, but a comprehensive enhancement of our organizational capabilities.

Resilience Amid Challenges

We are a wealth management service provider dedicated to serving global Chinese high-net-worth individuals (“HNWIs”). Since our founding, we have remained true to our core philosophy: “client-centric, with survival as the bottom line.” Starting in 2022, we anticipated that this period would be critical for the adjustment of clients’ strategic asset allocation and proactively advised them to reduce exposure to risk assets while constructing global allocation frameworks based on our “pyramid” model. This approach has benefited many clients, effectively preserving their wealth during turbulent market conditions.

We recognize that distribution channels constitute the core of our business. As the primary interface connecting products and markets, the transformation of our distribution channels represented our most significant challenge. The complexity lies in balancing personal emotions with rational decisions. While our relationship managers and clients value personal connections, as a professional wealth management service provider pursuing overseas expansion, we must consistently uphold compliance standards and build a sustainable long-term business model through rational decision-making. Our vision is to “express care through professionalism”. We are committed to supporting our relationship managers’ long-term growth on our platform while helping clients pursue their aspirations for “success, well-being, and prosperity” through exceptional services. 

In 2024, we underwent a transformation that far exceeded our initial expectations in both scope and complexity, requiring significantly more resources and effort. Nevertheless, through the collective dedication of all our entire team, we successfully achieved a number of our phased strategic objectives.

Domestically, we undertook significant compliance-driven restructuring to align with increasingly stringent regulations. This included separating domestic sales teams into independent licensed business units and consolidating operations into core cities while enhancing online capabilities for remote engagement. Simultaneously, we optimized our operational systems, including human resources and product matrix management, while strengthening compliance and risk management frameworks. We are steadily transitioning from reliance on individual capabilities toward building robust organizational capacity. This not only lays a solid foundation for overseas expansion but also supports our long-term growth. The Hong Kong and mainland China market rally in late 2024 showcased this as demand surged for our RMB-denominated public securities products, demonstrating our agility to capitalize on market opportunities.

Globally, we have established a team of 138 overseas relationship managers in key markets such as Hong Kong and Singapore who are now delivering regionally tailored services to local clients. In our insurance and comprehensive services business, we have also begun building a team of commission-only agents, achieving promising early results. To accelerate our overseas expansion, we launched three new brands—ARK Wealth Management, Olive Asset Management, and Glory Family Heritage—which will support our overseas efforts to serve existing clients and reach new markets. Booking centers were established in key financial hubs such as Hong Kong, Singapore, and the United States (under final preparation) as well as an office in Japan, while pilot programs were initiated in Canada and Southeast Asia.

The progress we have made in transforming our domestic and overseas operations is already yielding tangible results which are clearly reflected in our performance over the past year:

  • Domestically, we restructured our sales teams into fully independent and licensed business units, with operations consolidated into core cities;
  • Domestic transaction value for RMB private secondary products increased by over 200% sequentially during the fourth quarter of 2024;
  • Overseas net revenues increased to 48% of total revenue in 2024 while overseas transaction value increased by 31% year-over-year to US$4.3 billion;
  • Overseas assets under management increased by 18% year-over-year to US$5.8 billion in 2024 while overseas assets under administration increased by 5% year-over-year to US$8.7 billion.

Having generated RMB 550 million in non-GAAP net income attributable to Noah shareholders in 2024, the Board has, for the second consecutive year, approved dividends equivalent to 100% of full-year 2024 non-GAAP net income. This consists of an annual dividend of RMB275 million (US$37.7 million) and a special dividend of RMB275 million (US$37.7 million), and directly complements our ongoing US$50 million share repurchase program, in recognition of our deeply undervalued share price.

A New Era for Wealth Management

As the founder and Chairwoman, I have guided Noah through more than two decades of market fluctuations and financial crises. Throughout this journey, I have developed a profound appreciation for the inherent resilience of the wealth management industry – a resilience rooted in the long-term trust built with our clients. We remain steadfast in our commitment to client-centric, long-term value creation through professional wealth management services.

We firmly believe that global asset allocation for global Chinese HNWIs will remain a dominant trend for the next two to three decades. As the current phase of globalization concludes, a new era of capital globalization is emerging. Global Chinese HNWIs have historically been underserved by the wealth management industry, creating substantial opportunities for institutions that truly understand their cultural background and unique needs. With deep roots in China and extensive experience serving Chinese investors onshore, we have developed a deep and profound understanding of this investor demographic. This represents a distinctive competitive advantage and defines our core mission: to become the preferred wealth management platform for global Chinese HNWIs.

Outlook for 2025

As we enter 2025, we recognize the ongoing volatility in global markets, driven by unprecedented macroeconomic uncertainties and shifting investor sentiment. These challenges underscore the importance of maintaining a disciplined yet forward-looking approach to navigating this complex environment. Our strategic priorities for 2025 will focus on three key areas:

1. Expanding our relationship manager team. In countries and regions where we have established booking centers, we will continue to recruit and develop relationship managers while strengthening their compliance awareness and professional capabilities.

2. Serving existing clients and building a new client base. We will continue to service domestic HNWIs as well as new and established global Chinese immigrants, developing tailored products and solutions for each client segment. Leveraging our years of experience, we are confident in our ability to offer services comparable to leading international private banks, helping clients build sophisticated global asset allocation strategies.

3. Strengthening our global infrastructure. We recognize that technological and AI capabilities are fundamental to our overseas expansion. We will prioritize investments in these areas, leveraging the advantages in technical talent and application expertise that China offers. Our objective is to build a sophisticated digital platform that supports our global operations, and establish a long-term competitive advantage.

Prioritizing Shareholder Interests and Delivering Sustained Returns

We remain committed to our long-term core philosophy of being “client-centric, with survival as the bottom line” and prioritizing shareholder interests and delivering sustained returns.

Since our listing in 2010, our business has remained profitability and continues to generate healthy cash flow. Notably, we generated over RMB 2 billion in operating cash flow in just the past three years alone. In addition to our substantial cash reserves, we proactively completed a secondary listing in Hong Kong back in 2022, to prepare for any market volatility that was impacting US-listed Chinese stocks. With disciplined strategic execution and a robust financial position, we possess significant growth potential. As markets recover, we are ideally-positioned to create shared value for both clients and shareholders, delivering increasingly attractive returns over the long term.

We would like to extend our sincere appreciation to our clients, shareholders, and all our stakeholders for your steadfast support over the years. Your invaluable trust is our greatest motivation and is our most profound responsibility. Looking ahead, we will advance our strategic initiatives with even greater determination and disciplined, working tirelessly to deliver exceptional long-term value in the years to come.

Sincerely,

Ms. Jingbo Wang
Chairwoman of the Board

ABOUT NOAH HOLDINGS LIMITED

Noah Holdings Limited (NYSE: NOAH and HKEX: 6686) is a leading and pioneer wealth management service provider offering comprehensive one-stop advisory services on global investment and asset allocation primarily for mandarin-speaking high-net-worth investors. Noah’s American depositary shares, or ADSs, are listed on the New York Stock Exchange under the symbol “NOAH”, and its shares are listed on the main board of the Hong Kong Stock Exchange under the stock code “6686.” One ADS represents five ordinary shares, par value $0.00005 per share.

In 2024, Noah distributed RMB63.9 billion (US$8.8 billion) of investment products. Through Gopher Asset Management and Olive Asset Management, Noah had assets under management of RMB151.5 billion (US$20.8 billion) as of December 31, 2024.

Noah’s domestic and overseas wealth management business primarily distributes private equity, public securities and insurance products denominated in RMB and other currencies. Noah’s network covers major cities in mainland China, as well as Hong Kong (China), New York, Silicon Valley, Singapore, and Los Angeles. The Company’s wealth management business had 462,049 registered clients as of December 31, 2024. Through its domestic and overseas asset management business operated by Gopher Asset Management and Olive Asset Management, Noah manages private equity, public securities, real estate, multi-strategy and other investments denominated in RMB and other currencies. The Company also provides other businesses.

For more information, please visit Noah at ir.noahgroup.com

SAFE HARBOR STATEMENT

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Noah may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in announcements, circulars or other publications made on the website of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Noah’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. These statements include, but are not limited to, estimates regarding the sufficiency of Noah’s cash and cash equivalents and liquidity risk. A number of factors could cause Noah’s actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: its goals and strategies; its future business development, financial condition and results of operations; the expected growth of the wealth management and asset management market in China and internationally; its expectations regarding demand for and market acceptance of the products it distributes; investment risks associated with investment products distributed to Noah’s investors, including the risk of default by counterparties or loss of value due to market or business conditions or misconduct by counterparties; its expectations regarding keeping and strengthening its relationships with key clients; relevant government policies and regulations relating to its industries; its ability to attract and retain qualified employees; its ability to stay abreast of market trends and technological advances; its plans to invest in research and development to enhance its product choices and service offerings; competition in its industries in China and internationally; general economic and business conditions in China; and its ability to effectively protect its intellectual property rights and not to infringe on the intellectual property rights of others. Further information regarding these and other risks is included in Noah’s filings with the U.S. Securities and Exchange Commission and the Hong Kong Stock Exchange. All information provided in this press release and in the attachments is as of the date of this press release, and Noah does not undertake any obligation to update any such information, including forward-looking statements, as a result of new information, future events or otherwise, except as required under the applicable law.

 

Claim Your Golden Delights With DFS

Indulge in Extraordinary Rewards & Experiences This May Golden Week


HONG KONG SAR – Media OutReach Newswire – 24 April 2025 – This May Golden Week, let DFS —the world’s leading luxury travel retailer, elevate your shopping journey with curated moments of self-delight. From tranquil moments in our Fragrance Wonderland and family adventures in teamLab Future Park, to exquisite gifts for loved ones and unique treasures that reflect your personal style, every experience across DFS network is designed to surprise and inspire. Enjoy exclusive rewards, limited-time perks, and joyful discoveries from April 25 to May 6— only at DFS.

MGW25 Generic KV EN+SC

Hong Kong & Macau: A World of Multi-Sensational Delights

Immerse yourself in a symphony of sensations at DFS Hong Kong and Macau, where every moment is designed to ignite your senses and create lasting memories.

  • Time It Right To Win: Turn your shopping into a winning moment. Spend HK$888 or MOP 888 in a single net transaction and take on the “Time It Right To Win” challenge. Experience the adrenaline rush as you stop the digital screen at “8888” for your chance to win a 999.9 gold ingot or one of many fabulous prizes worth over HK$1,000,000 or MOP 2,500,000! *
  • Beauty In Play: Discover where luxury beauty meets light-hearted fun. With the purchase of the exclusive Lancôme Absolue set at DFS Macau, Shoppes at Four Seasons, receive a limited-edition Lancôme x Monopoly game set. Experience a different dimension of beauty through luxurious sensations and a new playful take on our beauty counters.
  • Explore Your One-Stop Fragrance Wonderland: Treat yourself to a sensory journey with over 900 curated fragrance selections. Whether you’re layering signature blends or discovering your next signature fragrance, let our fragrance experts guide you through an experience that’s uniquely yours.
  • Glow With Confidence: Transform your look with complimentary makeup demonstrations by our expert beauty advisors. Let us help you discover your radiant best! Join us at DFS Macau, Shoppes at Four Seasons, City of Dreams or Galaxy (Beauty), from April 25 to May 5, at 3 PM, 4 PM and 5 PM, or DFS Hong Kong, Canton Road at 3:30pm on April 20 and May 4+. From now until May 5, enjoy up to 65% off on beauty products at DFS Hong Kong, Canton Road, Tsim Sha Tsui East or Causeway Bay (Beauty)! Plus, receive a Beauty Blind Box (valued at HK900) with a minimum purchase of HK$1,888*.
  • Savor Local Delights: Complete your golden journey with a taste of Hong Kong’s most beloved flavors. Indulge in crispy French toast, freshly baked egg tarts, and velvety milk tea at Men Wah Bing Teng, or unwind with a perfectly brewed coffee at NOC in DFS Hong Kong, Canton Road. Pause, relax, and savor a day filled with flavor and delight.

Okinawa: Discover Your Island Delights!

Enjoy everything that Okinawa has to offer as we celebrate the 20th anniversary of DFS Okinawa, Naha City. Join us in marking this milestone with unique experiences, curated treasures, and moments that honor two decades of unforgettable journeys.

  • A Taste of Celebration: Step into an exclusive marché curated by DFS Okinawa Naha City and THE MARKET, where local flavors meet artisanal crafts. Savor authentic Okinawan delicacies and explore traditional handmade creations, offering you a unique taste of the island’s rich culture.
  • Welcome to Le Labo: Be among the first to experience our newly opened Le Labo pop up store — where artisanal perfumery meets soulful craftmanship. Receive a complimentary gift with your purchase and step into the exclusive world of fine perfumery, available exclusively only at DFS Okinawa.
  • Family Adventure Time: Make magical memories at teamLab Future Park, where interactive digital art brings wonder to life. From lights to laughter, it’s a playful experience not to be missed for kids and kids at heart.
  • Sweet Celebratory Treats: Add a sprinkle of fun to your visit! From May 1–5, try our bubble catcher and receive complimentary gifts with a JPY 50,000 purchase in kids’ fashion. Plus, visit two or more departments and join our Fukubiki lucky draw for a chance to win even more celebratory prizes*!

North America: Turn Airport Time into Me-Time

Make the most of your pre-flight moments at DFS stores in John F. Kennedy International Airport, Los Angeles International Airport, and San Francisco International Airport—where airport time becomes your time. From last-minute indulgences to thoughtful pre-planned picks, discover a travel retail experience designed around you.

  • Smart Shopping, More Time for You: Simplify your journey with our convenient pre-order service: browse and shop online, then collect your items at the terminal before departure. Enjoy duty-free privileges and more time to relax before takeoff.
  • A Taste of New York Excellence: At JFK Terminal 4, discover the exclusive Maker’s Mark Wood Finishing City Series – New York. Enjoy a Gold Rush cocktail and receive a special NYC-exclusive gift—crafted to elevate your New York send-off.
  • Treasures for Your Journey: Find your perfect travel companions—from hot fragrance deals starting at US$29 to destination-exclusive souvenirs and gifts. Whether it’s a new signature scent or a keepsake to remember your trip, DFS has your journey covered.

Make Your Golden Week Shopping More Rewarding

This Golden Week, enjoy more value with every purchase at DFS. We have partnered with leading payment providers to bring you exclusive offers across our global destinations—designed to make your travel shopping even more delightful.

Payment Partner Offer Details
Alipay
  • Alipay CN: Enjoy up to CN¥180 off with a minimum spend of CN¥6,000 in Hong Kong and Macau.
  • Alipay HK: Save up to HK$888 in Hong Kong or get HK$60 off on single net purchases of HK$2,000 in Macau.
  • Alipay+ Partner Wallets: Receive up to HK$888 off in Hong Kong.
  • Alipay+ or NaverPay: Enjoy US$10 off when you spend US$150 in North America.
American Express
  • Mainland China card members can enjoy a CN¥370 rebate upon spending CN¥3,700 in Hong Kong and Macau.
Mastercard
  • Enjoy a HK$200 rebate on purchases of HK$2,000 in Hong Kong, and a MOP 700 rebate on MOP 7,000 spent in Macau.

DFS CIRCLE Members, Enjoy Even More

Feel extra special as a DFS CIRCLE member with exclusive benefits including bonus points, member-only offers, and elevated experiences across all DFS locations. Not yet a member? Sign up at DFS.com to unlock a world of privileges.

* Terms & Conditions apply. Prizes vary between stores and are of limited quantities only, while stocks last. Visit DFS.com for more details. + Payment promotions and in-store happenings schedule vary between stores, please see store for details.

Hashtag: #DFS

The issuer is solely responsible for the content of this announcement.

ABOUT DFS

DFS: Your Personal Guide to The World of Luxury

DFS Group is the leading luxury travel retailer. Established in Hong Kong in 1960, DFS Group continues to be a pioneer in global luxury travel retail, offering its customers a carefully curated selection of exceptional products from the most desired brands. Its stores are present in major global airports and downtown locations. DFS Group is privately held, and majority owned by the world’s largest luxury conglomerate, Moët Hennessy Louis Vuitton (LVMH), alongside DFS co-founder and shareholder Robert Miller. DFS Group focuses on creating inspiring omnichannel retail experiences for its customers and is headquartered in Hong Kong SAR.

For more information, please visit .