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Peng Shen: Mr. Peng Shen is an Independent Non-Executive Director at Nanjing Silicon Intelligence Technology Group Co., Ltd., an Independent Non-Executive Director at J&T Global Express Ltd., a Chairman & Chief Executive Officer at Waterdrop, Inc. and a Chief Executive Officer at Waterdrop Insurance Brokerage Co., Ltd. He is on the Board of Directors at Nanjing Silicon Intelligence Technology Group Co., Ltd. and J&T Global Express Ltd. Mr. Shen was previously employed as a Founding Member & Business Head by Beijing Sankuai Technology Co., Ltd. He received his graduate degree from NEOMA Business School and an MBA from Tsinghua University School of Economics & Management.

Kai Huang: Kai Huang currently works at Shanghai MediTrust Health Technology Group Co., Ltd., as Non-Executive Director from 2021, Boyu Capital Advisory (Beijing) Co. Ltd., as Executive Director from 2011, and Waterdrop, Inc., as Director from 2019. Mr. Huang also formerly worked at Ernst & Young (China), as Senior Accountant from 2010 to 2011 and Ernst & Young Huaming LLP, as Accountant from 2008 to 2010. Mr. Huang received his undergraduate degree from Shanghai Jiao Tong University.

Hai Yang Yu: Hai Yang Yu is currently Director at DouYu International Holdings Ltd. since 2018, Director at Waterdrop, Inc. since 2019, Non-Executive Director at Kanzhun Ltd. since 2019, Managing Director at Tencent Investment, Managing Director at Shenzhen Tencent Industrial Investment Fund Co., Ltd., and Deputy GM-Investment & Acquisition at Tencent Holdings Ltd. since 2011. Former roles include Non-Executive Director at Tongcheng Travel Holdings Ltd. from 2019 to 2020, Associate at WI Harper Group, Inc. (China) from 2010 to 2011, and Associate at China Growth Capital Co. Ltd. from 2007 to 2010. Education includes an undergraduate degree from Tsinghua University, conferred in 2005.

Yao Hu: Yao Hu is the founder. He founded Waterdrop, Inc. in 2018 and currently holds the title of Head-Healthcare Strategy & Investment. Prior to founding Waterdrop, Inc., Mr. Hu worked as a Senior Engineer at Meituan from 2013 to 2014. Mr. Hu completed their undergraduate degree at Nankai University.

Guang Yang: Guang Yang is the founder of Waterdrop, Inc. since 2018, holding the title of Vice President-Finance & Director since 2022. Former job at Meituan as Director-Strategy & Investment Department from 2015 to 2016. Former job at CEC Capital Corp. as Senior Manager. Education at The University of Waterloo with an undergraduate degree.

He Ping Feng: He Ping Feng currently works at Beijing Daohexin Management Consulting Co. , Ltd., as Chairman from 2017, Sunstone Development Co., Ltd., as Independent Director from 2016, Waterdrop, Inc., as Independent Director from 2021, and Tahoe Life Insurance Co., Ltd., as Independent Director. Mr. Feng also formerly worked at Morgan Stanley Management Service (Shanghai) Ltd., as Vice Chairman & Managing Director-Beijing Branch from 2011 to 2014, Alliance HealthCare Services, Inc., as Independent Director from 2016 to 2017, Tahoe Group Co., Ltd., as Independent Director from 2016 to 2022, Bank of Tianjin Co. Ltd., as Independent Non-Executive Director from 2014 to 2022, Arthur Andersen LLP, as Audit Manager from 1993 to 1997, PricewaterhouseCoopers Zhong Tian LLP, as Audit Partner from 1997 to 2011, China Ministry of Finance, as Division head from 1985 to 1992, China Galaxy Securities Co., Ltd., as Member-Supervisory Board from 2015 to 2016, and PricewaterhouseCoopers Consulting Ltd., as Managing Partner from 1992 to 1997. Mr. Feng received his undergraduate degree in 1982 from Shanxi University of Finance & Economics.

Chen Yang Wei: Chen Yang Wei currently works at PICC Property & Casualty Co., Ltd., as Independent Non-Executive Director from 2023, PBC School of Finance Tsinghua University, as Director from 2019, HSBC Life Insurance Co., Ltd., as Independent Director, National Institute of Financial Research, as Director & Associate Dean from 2019, Waterdrop, Inc., as Independent Director from 2021, China Insurance & Pension Research Center, as Director from 2019, and SATP Holding, Inc., as Independent Non-Executive Director. Dr. Wei also formerly worked at American International Group, Inc., as Director & Head-Credit Research from 2012 to 2016, Zenity Asset Management, Inc., as Senior Managing Director from 2016 to 2019, QuantaSing Group Ltd., as Independent Director from 2024 to 2025, and Federal Reserve Bank of Philadelphia, as Senior Economist from 2011 to 2012. Dr. Wei received his undergraduate degree in 1996 from Tsinghua University, graduate degree in 2000 from McCombs School of Business, and doctorate degree in 2006 from The Leonard N Stern School of Business.

Ning Zhu: Ning Zhu is currently an Independent Director at China CITIC Bank International Ltd., Sino-Australian International Trust Co., Ltd., Jinke Property Group Co., Ltd., China CITIC Financial Asset Management Co., Ltd., National Institute of Financial Research, Waterdrop, Inc., Shanghai Jiao Tong University, and Yale School of Management. He has formerly worked as an Independent Non-Executive Director at China Guangfa Bank Co., Ltd., Everbright Securities Co., Ltd., China Industrial Securities Co. Ltd., Lehman Brothers Asia Ltd. (Hong Kong), Leshi Internet Information & Technology Corp. Beijing, UTour Group Co., Ltd., Shanghai Advanced Institute of Finance, Guotai Junan Securities Co., Ltd., Healthcare Co. Ltd., and Molecular Data, Inc. He has also served as a Deputy Director & Professor at Shanghai Advanced Institute of Finance and as a Professor at the University of California. Dr. Zhu holds an undergraduate degree from Peking University, a doctorate degree from Yale University, and a graduate degree from Cornell University.

Wen Jie Guan: Wen Jie Guan currently works at Waterdrop, Inc., as Director from 2022 and Swiss Re AG, as Head-Principal Investments & Acquisitions. Ms. Guan received her graduate degree from the University of Oxford.

Wei Ran: Wei Ran currently works at Waterdrop, Inc., as Director & General Manager-Insurance Technology from 2023. Mr. Ran received his graduate degree in 2013 from Peking University and undergraduate degree in 2009 from Shanghai Jiao Tong University.

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