Waterdrop Inc. American Depositary Shares (each representing the right to receive 10 - WDH STOCK NEWS

Pawaii, a pioneer in innovative pet care products, has launched the PAWAii Wireless Pet Water Fountain Pro, achieving significant success on Indiegogo after launching on February 14, 2023. The crowdfunding campaign exceeded its goal within days, demonstrating strong consumer interest in the fountain's advanced features, including wireless operation and real-time drinking reports via the PAWAii APP. The product was showcased at the Global Pet Expo 2023, where it garnered positive feedback and recognition from industry experts. Additionally, the fountain received the prestigious Reddot Design Award 2023, further solidifying Pawaii's innovative reputation in the pet care industry. With a 5000 mAh rechargeable battery lasting 30 days, this fountain promises convenience and quality for pet owners.

Waterdrop Inc. (NYSE: WDH), a prominent technology platform focused on insurance and healthcare services, announced the filing of its annual report on Form 20-F with the U.S. Securities and Exchange Commission on April 17, 2023. This report covers the fiscal year ending December 31, 2022. Shareholders can receive a hard copy of the annual report, which includes audited consolidated financial statements, by requesting it from the Company's Investor Relations Department. Waterdrop aims to enhance access to insurance and healthcare services globally through its innovative platforms, including Waterdrop Insurance Marketplace and Waterdrop Medical Crowdfunding, positively impacting millions.

Waterdrop will participate in the 2023 Water Quality Association (WQA) Convention and Exposition in Las Vegas, Nevada, from April 19-20. This premier event showcases advancements in the water treatment industry and attracts reputable brands, dealers, and customers. Waterdrop will display a range of innovative products, including:

• G3P800 Tankless RO Water Filter System - Advanced features with 9-stage filtration.
• K6 Instant Hot RO System - First-to-market system combining purification and heating.
• Countertop Water Cooler - Offers both hot and cold purified water.
• Ultrafiltration Under Sink Water Filter System - 0.01-micron membrane ensuring 99.99% impurity reduction.
• Countertop Faucet Water Filter System - Easy installation and comprehensive filtration process.

Waterdrop’s commitment to accessible water purification solutions reflects its industry leadership.

Waterdrop has launched its new Tankless RO System G3P800, a home water filtration solution designed to purify tap water effectively. This system features a tankless design, allowing for streamlined under-sink installation while maximizing counter space. It boasts impressive specifications, including 800 GPD capacity and a pure-to-drain ratio of 3:1. The system utilizes a 9-stage reverse osmosis process to eliminate over 1,000 harmful substances, including lead and chlorine. Notably, the G3P800 has received NSF/ANSI Standard 58 & 372 certification, marking it as the first tankless RO system with this recognition. Its modern design aligns with minimalist kitchen aesthetics.

Pawaii is participating in the Global Pet Expo 2023 at the Orange Convention Center in Orlando, Florida. This premier event showcases top brands in the pet products industry. Pawaii emphasizes its commitment to innovative, pet-friendly products, including the world's first NSF-certified smart pet water fountain and a proprietary smart pet feeder that monitors feeding status in real-time. These products aim to enhance the health and well-being of pets and their owners. Pawaii continues to collect user feedback to refine its offerings, reinforcing its dedication to quality and value in pet care.

Waterdrop Inc. (NYSE: WDH) announced its Q4 and fiscal year 2022 financial results, revealing a 12.5% increase in net operating revenue to RMB 679.5 million (US$98.5 million), but a 16.2% decrease in first-year premiums (FYP) to RMB 1,591.9 million (US$230.8 million). Notably, the company achieved a net profit of RMB 126.2 million (US$18.3 million), compared to a net loss of RMB 71.2 million in Q4 2021. Operating costs fell by 10.5% year over year, highlighting effective cost control measures. As of December 31, 2022, cash and cash equivalents rose to RMB 3.7 billion (US$537.1 million), supporting a positive operating cash flow amidst challenges in the insurance industry.

Waterdrop Inc. (NYSE: WDH) announced board and executive leadership changes on March 17, 2023. Mr. Wei Ran has been appointed as a new director and general manager of the insurance technology business, while Mr. Yao Hu resigned but will focus on the company's healthcare strategy. After the changes, the board will consist of nine members, including three independent directors. Mr. Zetao Zhu has been named general manager of crowdfunding and pharmatech, enhancing the leadership team's expertise. Mr. Ran, with a background in strategy and consulting, is expected to drive the company's growth in insurance and healthcare services.