Waterdrop Inc. Announces Appointment of New Independent Director

Core Viewpoint - Waterdrop Inc. has appointed Mr. Chen Lin as an independent director and a member of the audit committee, effective March 11, 2025, following the resignation of Mr. Ning Zhu due to personal reasons [1][2]. Group 1: Appointment Details - Mr. Chen Lin replaces Mr. Ning Zhu on the Board of Directors and the audit committee [1]. - Mr. Zhu's resignation was not due to any disputes or disagreements with the Company [2]. Group 2: Mr. Chen Lin's Background - Mr. Lin has held various positions at The University of Hong Kong, including Chair of Finance and Associate Vice President [3]. - He has served as an independent non-executive director for multiple companies since 2019, including Allianz Global Investors Fund Management Co., Ltd. and China Merchants Land Asset Management Co., Limited [3]. - Mr. Lin is involved in several advisory roles, including the Task Force on Promoting Web3 Development and the Fintech Advisory Group of the Securities and Futures Commission [4]. Group 3: Educational Qualifications - Mr. Lin holds a PhD in economics, a master's degree in economics, and an MBA from the University of Florida, along with a bachelor's degree in engineering from South China University of Technology [5]. Group 4: Company Statement - The Company expressed confidence that Mr. Lin's expertise will add significant value and positively impact people's lives [6]. - The Company also acknowledged Mr. Zhu's contributions and wished him well in his future endeavors [6]. Group 5: Company Overview - Waterdrop Inc. is a technology platform focused on insurance and healthcare services, aiming to leverage technology to provide services to billions [7].