Waterdrop Announces Appointment of a New Director

Rhea-AI Summary

Waterdrop Inc. (NYSE: WDH) announced the appointment of Ms. Wenjie Guan as a new director to its board, effective September 7, 2022. With extensive experience in investment banking and currently serving as Head of Principal Investments and Acquisitions North Asia at Swiss Re, Guan's appointment expands the board to nine members, including three independent directors. The company believes Guan's expertise will enhance its mission to impact lives positively through technology in insurance and healthcare services.

Positive

• Expertise of new director may strengthen the board's capabilities.
• Expansion of the board potentially increases strategic decision-making.

Negative

• No immediate financial data or performance metrics provided.
• Potential concerns about continuity with new board member integration.

BEIJING, Sept. 7, 2022 /PRNewswire/ -- Waterdrop Inc. ("Waterdrop", the "Company" or "we") (NYSE: WDH), a leading technology platform dedicated to insurance and healthcare service with a positive social impact, today announced the appointment of Ms. Wenjie Guan as a new director to its board of directors (the "Board"), effective September 7, 2022. After the change, the Board will consist of nine members, three of whom are independent directors.

Ms. Wenjie Guan currently serves as Head of Principal Investments and Acquisitions North Asia at Swiss Re, one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer. Prior to joining Swiss Re in May 2016, Ms. Guan had eight years of experience in investment banking and served at Macquarie, UBS and Jefferies. Ms. Guan received a master's degree in Engineering with first class honors from the University of Oxford and is a CFA charterholder.

Mr. Peng Shen, the Company's Founder, Chairman and Chief Executive Officer, on behalf of the Board and management, said: "We are delighted and honored to welcome Ms. Guan to our Board. We believe that Ms. Guan's professional background and industry expertise will bring additional value to the Company. We look forward to working with her as we continue to make a positive impact on people's lives through the power of technology."

About Waterdrop Inc.

Waterdrop Inc. (NYSE: WDH) is a leading technology platform dedicated to insurance and healthcare service with a positive social impact. Founded in 2016, with the comprehensive coverage of Waterdrop Insurance Marketplace and Waterdrop Medical Crowdfunding, Waterdrop aims to bring insurance and healthcare service to billions through technology. For more information, please visit www.waterdrop-inc.com.

For investor inquiries, please contact:

Waterdrop Inc.
Xiaojiao Cui
IR@shuidi-inc.com

Christensen
In China
Mr. Eric Yuan
Phone: +86-1380-111-0739
E-mail: Eyuan@christensenir.com

In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@christensenir.com

View original content:https://www.prnewswire.com/news-releases/waterdrop-announces-appointment-of-a-new-director-301619041.html

SOURCE Waterdrop Inc.

FAQ

Who is the new director appointed by Waterdrop?

Ms. Wenjie Guan has been appointed as the new director of Waterdrop Inc. effective September 7, 2022.

What is Ms. Wenjie Guan's professional background?

Ms. Guan is currently the Head of Principal Investments and Acquisitions North Asia at Swiss Re, with previous experience in investment banking.

How many members are on Waterdrop's board after the appointment?

After the appointment of Ms. Guan, Waterdrop's board consists of nine members.

What impact might Ms. Guan have on Waterdrop?

Her industry expertise is expected to add value and enhance the company's strategic initiatives.