Subsidiaries

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Place of Incorporation

Waterdrop Group HK Limited

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Hong Kong

Waterdrop Financial Services (HK) Limited

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Hong Kong

Waterdrop Technology Group Co., Ltd.

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mainland China

Beijing Yiqi Yuanhang Technology Co., Ltd.

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mainland China

Consolidated Variable Interest Entities

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Place of Incorporation

Beijing Shuidi Hubao Technology Co., Ltd.

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mainland China

Beijing Shuidi Hulian Technology Co., Ltd.

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mainland China

Beijing Zhuiqiu Jizhi Technology Co., Ltd.

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mainland China

Beijing Zongqing Xiangqian Technology Co., Ltd.

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mainland China

Beijing Guangmu Weichen Technology Co., Ltd.

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mainland China

Subsidiaries of Consolidated Variable Interest Entities

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Place of Incorporation

Shuidi Insurance Brokerage Co., Ltd.

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mainland China

Miaoyi Hulian (Beijing) Technology Co., Ltd.

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mainland China

Tairui Insurance Agency Co., Ltd.

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mainland China

Beijing Yifan Fengshun Medical Technology Co., Ltd.

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mainland China

Shuidi Health Technology Co., Ltd.

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mainland China

Shenzhen Cunzhen Qiushi Technology Co., Ltd.

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mainland China

Beijing Yifan Qihang Medical Technology Co., Ltd.

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mainland China

Zhuanxin Insurance Brokerage Co., Ltd.

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mainland China