Waterdrop Inc. Welcomes New Independent Director Chen Lin to its Board

Waterdrop Inc. Welcomes Chen Lin as New Independent Director

Waterdrop Inc. (NYSE: WDH), a prominent technology platform focused on delivering insurance and healthcare services, has announced a significant change in its board of directors. Effective March 11, 2025, Mr. Chen Lin will step in as an independent director to replace Mr. Ning Zhu, who has resigned due to personal reasons, with no disputes involved in his departure. This appointment signifies Waterdrop's continued commitment to fostering a board that supports transparency and effective governance.

Mr. Chen Lin brings a wealth of experience to the board. He has held multiple esteemed positions at The University of Hong Kong, including serving as the Chair of Finance and Stelux Professor in Finance since August 2013, as well as Associate Vice President since January 2023. His extensive background includes independent directorships for various tech companies, notably in the AI and digital transformation sectors.

In addition to his academic roles, Mr. Lin is actively involved in several advisory capacities. He is a non-official member of the Task Force on Promoting Web3 Development for the Hong Kong government and has held multiple positions on advisory committees related to finance and technology, further showcasing his relevance in today’s rapidly evolving tech landscape.

Mr. Lin's academic credentials are equally impressive; he earned a PhD in economics in 2006, following a master's degree from the University of Florida, and holds a bachelor's degree in engineering from South China University of Technology. His deep understanding of economics and finance is expected to greatly benefit Waterdrop, aligning with the company’s mission to create a positive social impact through its services.

The CEO of Waterdrop, Mr. Peng Shen, expressed optimism about Mr. Lin's contributions to the board. “Mr. Lin's professional background and industry expertise will add significant value to the Company,” he stated. His leadership, coupled with a strong academic and practical background, is expected to help further Waterdrop's goals in making insurance and healthcare services more accessible.

Waterdrop Inc. has made notable strides since its establishment in 2016, driven by technological innovation in the fields of insurance and healthcare. The company's platform integrates Waterdrop Insurance Marketplace and Waterdrop Medical Crowdfunding, reflecting its commitment to using technology to improve lives and provide comprehensive healthcare solutions.

The company also acknowledged Mr. Ning Zhu for his invaluable contributions during his tenure on the board. The transition appears to be part of a broader strategy to continually adapt and enhance the governance structure as Waterdrop pursues its vision of expanding access to insurance and healthcare services globally.

Waterdrop's proactive approach in appointing board members like Mr. Lin underscores its dedication to maintaining a forward-thinking and effective leadership team, aimed at leveraging technology for social good. As the company moves forward with this new leadership structure, industry observers and stakeholders will undoubtedly be watching how these changes influence the company’s direction and operational strategies in the coming years.

For more information about Waterdrop Inc. and its ongoing initiatives, please visit Waterdrop's official website.