#China #Beijing #Corporate Governance #Waterdrop Inc. #Qianfei Chang

Waterdrop Inc. Welcomes Qianfei Chang as New Independent Director

Waterdrop Inc. has made a significant board appointment, welcoming Ms. Qianfei Chang as its new independent director as of July 1, 2026. This strategic move aims to further strengthen the leadership and corporate governance of the company, which is continually making strides in the insurance and healthcare technology sector.

Replacing Mr. Heping Feng, who has resigned from the board for personal reasons, Ms. Chang comes with an impressive background in financial management and audit oversight. Her credentials span over 15 years in high-stakes roles across various leading financial institutions and service firms.

Previously, Ms. Chang worked as the General Manager and Finance Principal at Beijing Shuizhong Guanlang Culture and Media Co., Ltd. Since August 2025, she has been honing her leadership skills in this capacity. Before this role, she had a long tenure at China Development Bank Capital Co., Ltd. There, she served in multiple pivotal roles including Deputy General Manager of Audit and Investment Management, indicating her deep expertise in risk management and auditing.

Ms. Chang’s experience also extends to her time at United Credit Ratings Co., Ltd, where she was responsible for detailed sovereign credit rating analysis. Her work revolved around evaluating macroeconomic factors, fiscal stability, and overall financial system health. In addition to her rich professional journey, she has relevant academic credentials, holding Master's degrees from both the Chinese University of Hong Kong and Tsinghua University in disciplines such as business administration and power engineering.

On the occasion of Ms. Chang’s appointment, Mr. Peng Shen, Founder, Chairman, and CEO of Waterdrop, expressed excitement about her joining the board. He noted her extensive experience in financial management as a significant asset to the company, affirming that her insight would enhance their corporate governance and long-term strategic goals.

The company is optimistic that Ms. Chang's expertise can aid in advancing Waterdrop’s mission to create a positive social impact through its technology platform. Waterdrop aims to expand its reach in the insurance and healthcare sector, leveraging technological advancements to serve a greater community.

The board of Waterdrop Inc. has acknowledged Mr. Feng for his contributions and commitment during his tenure, wishing him the best in his future endeavors. As the company embarks on this new chapter with Ms. Chang, it sets forth aspirations to continue influencing the lives of countless individuals positively.

Waterdrop Inc., listed on the NYSE under the ticker WDH, has steadily established itself as a frontrunner in the provision of insurance and healthcare services, combining comprehensive product offerings with innovative technology solutions. Founded in 2016, the company is on a mission to ensure accessibility and efficiency in these critical sectors.

As investors and stakeholders watch closely, the appointment of Ms. Chang signifies Waterdrop’s commitment to fortifying its governance structure, positioning itself favorably for sustained growth and impact in the future.