Waterdrop Inc. announced that Ms. Nina Zhou, a Swiss Re designated director on the board of Waterdrop Inc., will step down due to her resignation from Swiss Re, effective on August 19, 2022. Ms. Zhou's resignation does not involve any disagreement with the company with regard to its business, finance, accounting or any other affairs. Following Ms. Zhou's departure, the remaining 8 directors, including 3 independent directors, will continue their services to the board of directors of the Company.

The Company is in the process of appointing a new director to fill the vacancy. Swiss Re will recommend a candidate for the board's consideration and approval.