Recent Securities Litigations

Waterdrop Inc. American Depositary Shares (each representing the right to receive 10 Class A Ordinar (NYSE: WDH)

Company Name:Waterdrop Inc. American Depositary Shares (each representing the right to receive 10 Class A Ordinar
Stock Symbol:NYSE: WDH
Class Period Start:05/07/2021
Class Period End (inclusive):09/14/2021

The Complaint alleges that the IPO’s Registration Statement failed to disclose that Waterdrop was the subject of an intense regulatory investigation and pending crackdown by Chinese authorities because of a variety of market abuses perpetrated by Waterdrop used to artificially inflate Waterdrop’s short-term financial results in the lead up to the IPO, including, among other things: (i) operating insurance platforms without proper governmental authorizations; (ii) mispricing risks for consumers; and (iii) illicitly using client information. The Complaint further alleges that, unbeknownst to investors, the reason that Waterdrop had discontinued its mutual aid segment was because it had been ordered to do so by Chinese regulators.