BEIJING, May 2, 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
Mr. Ning
Zhu as a new independent director to its board of
directors (the "Board") and the resignation of Mr. Peng Shen as
a member of the audit committee of the Board, both effective May
2, 2022. Mr. Zhu will also serve as
a member of the audit committee of the Board. After the change, the
Board will consist of nine members, three of whom are independent
directors, and the audit committee will consist solely of
independent directors.
Mr. Ning Zhu has been a professor
of finance and the deputy dean of Shanghai Advanced Institute of
Finance of Shanghai Jiaotong University since July 2010. Prior to that, Mr. Zhu was a tenured
professor of finance at University of
California (Davis) from 2003 to June
2010. Mr. Zhu is also an independent non-executive director
of each of China Huarong Asset Management Co., Ltd. (HKEX: 2799)
and CHINA BOHAI BANK CO., LTD.
(HKEX: 9668), and an independent director of each of Molecular Data
Inc. (Nasdaq: MKD), Jinke Property Group Co., Ltd. (SZSE: 000656)
and China CITIC Bank International Limited. Mr. Zhu received his
bachelor's degree in international finance from Peking University
in 1997, master's degree in management from Cornell University in 1999, and doctorate degree in
finance from Yale University in
2003.
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 Mr. Zhu to our Board. The Company
has made great efforts in selecting the best Board members. We
believe that Mr. Zhu's strong academic and professional background,
extensive economic and financial knowledge, and deep insights and
expertise in capital market, will bring additional value to the
Company by enhancing our risk management practices and further
bolstering corporate governance standards over the long run. We
look forward to working with him 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.
Safe Harbor Statement
This press release contains statements that may constitute
"forward-looking" statements pursuant to the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "aims,"
"future," "intends," "plans," "believes," "estimates," "likely to,"
and similar statements. Statements that are not historical facts,
including statements about Waterdrop's beliefs, plans, and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. Further
information regarding these and other risks is included in
Waterdrop's filings with the SEC. All information provided in this
press release is as of the date of this press release, and
Waterdrop does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
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
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SOURCE Waterdrop Inc.