Waterdrop, Inc. ADR Class A (WDH.US) has appointed Shen Peng as a mentor for the Zhejiang University MBA alumni.

Recently, the 13th Zhejiang University MBA Alumni Mentorship Program and the "Chengzhang" Series Training were held at the Zhejiang University School of Management. Shen Peng, founder and CEO of Waterdrop Inc. (NYSE: WDH), was appointed as an alumni mentor for Zhejiang University's MBA program. In the future, he will leverage his years of experience in entrepreneurship, enterprise management, and inclusive health to engage in deep exchanges with Zhejiang University MBA students, sharing frontline entrepreneurial experience and industry insights to help young talent grow and develop. Shi Chenhui, Deputy Director of the Professional Degree Department at Zhejiang University's Graduate School, stated that external mentors with deep industry insights and practical experience can effectively supplement shortcomings in campus education. They form a "dual mentor group" with internal mentors to break classroom boundaries and enhance students' practical abilities. Hu Qiongjing, Director of the Zhejiang University MBA Education Center, mentioned that this year's alumni mentorship program will provide career planning guidance, workplace experience sharing, and corporate scenarios for MBA students' thesis research to achieve a deep integration of industry and education. He expressed gratitude to the alumni mentors for giving back to their alma mater and promised that the center will ensure effective support. As a Ph.D. jointly trained by Zhejiang University and The Hong Kong Polytechnic University, Shen Peng has a deep connection with Zhejiang University. He also serves as the Vice President of the Zhejiang University - The Hong Kong Polytechnic University Joint Alumni Association, focusing on talent cultivation in universities and the integration of industry, academia, and research. His appointment as an alumni mentor for Zhejiang University's MBA program reflects the university's high recognition of his achievements in the field of business practice and social responsibility over the years. Joining Meituan in 2010 as the 10th employee and embarking on an entrepreneurial journey, participating in the creation of Meituan Takeout in 2013, and founding Waterdrop Inc. in 2016, Shen Peng has led his team to create benchmark businesses such as Waterdrop Donate, Waterdrop Insurance, and Yifan Pharma, driving Waterdrop Inc. to become a leading insurance technology and medical health platform in China. Under his leadership, Waterdrop Inc. has consistently used technology to drive the upgrade of inclusive health protection and successfully selected global best poverty reduction cases through projects like "Jin Qing Bang" medical insurance anti-poverty project in Jinyun County, Lishui City, Zhejiang Province. Their self-developed "Waterdrop Guardian Model" has deeply implemented insurance services throughout the process, paving a path in the insurance technology field that combines both commercial and societal values. In addition to his focus on business practice, Shen Peng has always valued the growth and empowerment of young talent. He has previously served as an MBA entrepreneurial mentor at Tsinghua University's School of Business, an alumni mentor for the 2023 class at Peking University's Guanghua School of Management, a mentor for The Hong Kong Polytechnic University's "Inspire Wisdom Mentorship Program", a member of the Faculty Affairs Committee at The University of Hong Kong's School of Business, an industry mentor at the Central University of Finance and Economics School of Finance, and a visiting professor at the China University of Political Science and Law School of Business. He has visited universities multiple times to share his entrepreneurial insights, encouraging young students to root themselves in the industry and promote practical innovation. Taking on the role of an alumni mentor for Zhejiang University's MBA program, Shen Peng stated: "Zhejiang University's motto of 'Seeking Truth and Innovation' and Waterdrop's core value of 'User First' are highly aligned. I look forward to sharing my frontline practical experience of trials and tribulations with my classmates, discussing the challenges and reflections on the entrepreneurial road together. I also hope to collide with Zhejiang University's teachers and students to generate more innovative ideas for the integration of industry, academia, and research, contributing to the innovative development of the health protection industry." In the future, Waterdrop Inc. will continue to deepen its exchanges and cooperation with top universities. Leveraging its advantages in technology, industry resources, and more, the company will build more platforms for young talent to grow and practice. While achieving high-quality development of the enterprise, Waterdrop Inc. will actively fulfill its corporate social responsibility, cultivating more outstanding talents with both innovation capabilities and a sense of responsibility for the industry and society.