NOAH [Noahs] F-1/A:
[] [Our ref RDS\658613\4048757v6 Direct tel +852 2971 3046 Email richard.spooner@maplesandcalder.com Noah Holdings Limited 6th Floor, Times Finance Center No. 68 Middle Yincheng Road Pudong, Shanghai 200120, Peoples Republic of China 9 November 2010 Dear Sirs Noah Holdings Limited Company Registration Statement ADSs Shares We have acted as Cayman Islands legal advisers to Noah Holdings Limited (the 1 Documents Reviewed] [[LETTERHEAD OF SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP] November 9, 2010 Noah Holdings Limited 6/F, Times Finance Center No. 68 Middle Yincheng Road, Pudong Shanghai, 200120 The Peoples Republic of China American Depositary Shares of Noah Holdings Limited (the Company) Re: Ladies and Gentlemen: In connection with rendering the opinion set forth below, we have examined and relied on] [EGAL PINION L To: NOAH HOLDINGS LIMITED 6/F, Times Finance Center No. 68 Middle Yincheng Road, Pudong Shanghai, 200120 The Peoples Republic of China November 9, 2010 Dear Sir/Madam: 1. PRC Opinion We are lawyers qualified in the Peoples Republic of China (the 2. Company Registration Statement SEC Prospectus ADSs We act as the PRC counsel to Noah Holdings] [EGAL PINION L To: NOAH HOLDINGS LIMITED 6/F, Times Finance Center No. 68 Middle Yincheng Road, Pudong Shanghai, 200120 The Peoples Republic of China November 9, 2010 Dear Sir/Madam: 1. PRC Opinion We are lawyers qualified in the Peoples Republic of China (the 2. Company Registration Statement SEC Prospectus ADSs We act as the PRC counsel to Noah Holdings]