WATERDROP ANNOUNCES CERTAIN BOARD AND EXECUTIVE CHANGES

BEIJING, March 17, 2023 /PRNewswire/ — Waterdrop Inc. (“Waterdrop”, the “Firm” or “we”) (NYSE: WDH), a number one know-how platform devoted to insurance coverage and healthcare service with a optimistic social influence, in the present day introduced the appointment of Mr. Wei Ran as a brand new director to its board of administrators (the “Board”) and the resignation of Mr. Yao Hu from the Board, efficient March 17, 2023. After the change, the Board will encompass 9 members, three of whom are unbiased administrators. Mr. Hu’s resignation doesn’t contain any disagreement with the Firm with regard to its enterprise, finance, accounting or another affairs.

Concurrently with the Board change, the Firm brings in new members to, and refines roles and tasks inside, the management workforce. Mr. Wei Ran was appointed to function the overall supervisor of the insurance coverage know-how enterprise whereas Mr. Guang Yang serves as vp of finance and basic supervisor of worldwide enterprise of the Firm. Mr. Yao Hu will stop to function the overall supervisor of the crowdfunding and healthcare enterprise of the Firm and can concentrate on the Firm’s technique and investments within the healthcare subject. In the meantime, Mr. Zetao Zhu was appointed as the overall supervisor of crowdfunding and pharmatech enterprise of the Firm.

Mr. Wei Ran joined the Firm in June 2016 as head of technique and enterprise evaluation and was liable for establishing the Firm’s technique and enterprise evaluation system and exploring new enterprise initiatives. Earlier than becoming a member of the Firm, he labored as senior technique analyst at Meituan Waimai, the meals and grocery supply enterprise of Meituan (HKSE: 3690), from July 2015 to June 2016, the place he was liable for technique and enterprise evaluation. Previous to that, he labored at Accenture Consulting, which gives consulting providers to numerous enterprise shoppers, as a strategic guide from July 2013 to June 2015, and took part in plenty of digitalization initiatives for big and medium-sized enterprises within the vitality and monetary industries. Mr. Ran obtained a bachelor’s diploma in Economics from Shanghai Jiaotong College in June 2009, and a grasp’s diploma in Software program Engineering from Peking College in June 2013.

Mr.Zetao Zhu joined the corporate in April 2022. Previous to becoming a member of us, Mr. Zhu labored as Common Supervisor of China Area at DiDi International Inc. from March 2016 to April 2022, the place he was liable for the regional technique, operation, advertising and marketing, public relationship, finance and buyer providers. Previous to that, he labored as director and head of digital transformation of China area at Capgemini Consulting from April 2014 to February 2016. From July 2005 to March 2014, Mr. Zhu labored at IBM consulting together with his final place as senior guide supervisor, primarily specializing in utility innovation. Mr. Zhu obtained a bachelor’s diploma in scientific calculation and laptop utility from Solar Yat-Sen College in June 2003 and a grasp’s diploma in laptop science from Solar Yat-Sen College in June 2005.

Mr. Peng Shen, the Firm’s founder, chairman and chief govt officer, on behalf of the Board and administration, stated, “Throughout his tenure as a director and as basic supervisor of the crowdfunding and healthcare enterprise of the Firm, Mr. Yao Hu has demonstrated his loyalty, diligence and dedication in performing his duties. The Firm and the Board consider that Mr. Yao Hu will proceed to assist the Firm innovate and achieve his new function specializing in the Firm’s technique and investments within the healthcare subject.

The Board wish to take this chance to welcome Mr. Wei Ran for becoming a member of the Board. The Firm firmly believes that Mr. Wei Ran and Mr. Zetao Zhu will proceed to contribute to the success of the Firm of their new roles with their sound abilities, experience and expertise.”

About Waterdrop Inc.

Waterdrop Inc. (NYSE: WDH) is a number one know-how platform devoted to insurance coverage and healthcare service with a optimistic social influence. Based in 2016, with the excellent protection of Waterdrop Insurance coverage Market and Waterdrop Medical Crowdfunding, Waterdrop goals to convey insurance coverage and healthcare service to billions by know-how. For extra info, please go to www.waterdrop-inc.com.

Protected Harbor Assertion

This press launch accommodates statements that will represent “forward-looking” statements pursuant to the “secure harbor” provisions of the U.S. Personal Securities Litigation Reform Act of 1995. These forward-looking statements might be recognized by terminology similar to “will,” “expects,” “anticipates,” “goals,” “future,” “intends,” “plans,” “believes,” “estimates,” “prone to,” and related statements. Statements that aren’t historic details, together with statements about Waterdrop’s beliefs, plans, and expectations, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. Additional info concerning these and different dangers is included in Waterdrop’s filings with the SEC. All info supplied on this press launch is as of the date of this press launch, and Waterdrop doesn’t undertake any obligation to replace any forward-looking assertion, besides as required underneath relevant legislation.

For investor inquiries, please contact:

Waterdrop Inc.
Ruichen Chen
[email protected]

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