Ping An Good Doctor Announces Leadership Transition: Li Dou Appointed as Chairman and CEO, Fang Weihao Steps Down

On October 18, 2023, Ping An Healthcare and Technology Company Limited (stock abbreviation: "Ping An Good Doctor", 1833.HK, hereinafter referred to as "Ping An Healthcare") announced that Mr. Fang Weihao has resigned from his positions as Chairman of the Board, Executive Director, and Chief Executive Officer of Ping An Healthcare due to personal work arrangements. He will assume a new role within Ping An Group, embarking on significant new responsibilities. After careful consideration and review, the Board of Directors unanimously agreed to appoint Mr. Li Dou as Chairman of the Board, Executive Director, and Chief Executive Officer of Ping An Healthcare, effective from the date of this announcement.

Fang Weihao joined Ping An Health in 2020, serving as Chairman of the Board, Executive Director, and Chief Executive Officer. The Board of Directors of Ping An Health stated that Mr. Fang has made significant contributions to the company’s strategic transformation, upgrading, and steady development over the past three years, laying a solid foundation for the construction and in-depth implementation of the company’s Managed Care Strategy 2.0. The Board expresses its sincere gratitude for Mr. Fang’s contributions. During his tenure at Ping An Health, Mr. Fang focused on building a “healthcare ecosystem,” actively developing the company’s unique business model of “Managed Care + Family Doctor Membership + O2O Healthcare Services,” and establishing a fulfillment system for high-quality services across “online, offline, and home-based” channels. Under his leadership, the company has become a leading healthcare service platform and gateway in China. As of June 30, 2023, the Ping An Health App had over 400 million registered users, covering approximately 50,000 internal and external doctors and specialists across 22 medical departments. The company established 23 specialized disease centers around eight major specialties to provide consultation or diagnosis and treatment services, meeting users’ multi-scenario and multi-level healthcare needs. Meanwhile, Ping An Health has cumulatively served 1,198 corporate clients, creating the leading “Yi Qi Jian Kang” health management solution in China to help enterprises build happy workplaces.

Ping An Health’s Board of Directors has unanimously agreed to appoint Mr. Li Dou as Chairman of the Board, Executive Director, and Chief Executive Officer of Ping An Health. According to the announcement, Mr. Li Dou, aged 47, previously served as Special Assistant to the Chairman and General Manager of the Home Elderly Care Division at Ping An Life Insurance Company of China, Ltd. He joined Ping An Health in August 2023 and served as a Non-Executive Director of the Company. Prior to this, Mr. Li held the positions of Vice President of Sales and General Manager of Demand for China Region at Mars Wrigley Confectionery (China) Co., Ltd.

The Board of Directors of Ping An Good Doctor stated that Mr. Li Dou has held senior management positions across multiple sectors, including pharmaceuticals, fast-moving consumer goods (FMCG), insurance, and elderly care. He possesses profound insights and extensive experience in understanding consumer needs and leveraging these insights to drive backend product research and development, supply channel construction, and digital operations. In addition to his rich professional background and operational expertise, Mr. Li demonstrates strong strategic acumen and execution capabilities, along with a broad vision and a commitment to innovation. During his tenure at Ping An Life Insurance, he effectively empowered the company’s “Health+” business model. Mr. Li led the home-based elderly care team at Ping An Life Insurance from its inception, establishing a new product line and service system, and integrating these with insurance offerings to create a novel sales framework. Over the past year, by developing an all-weather, three-in-one elderly care stewardship model, providing one-stop access to services across ten major scenarios, and implementing an intelligent supervision system, he has continuously explored and built service barriers, pursued sustainable long-term operations, and achieved significant operational results.

Ping An Health stated that the company’s strategic positioning is firm, its development path is clear, its operational management continues to upgrade, and its financial position remains sound. Under the leadership of the new management team, the company is confident it will further achieve healthy, high-quality business growth. Currently, Ping An Group is continuously deepening its “Integrated Finance + Healthcare and Elderly Care” strategy. As a key component of the Group’s managed care model and the flagship of the Ping An healthcare ecosystem, Ping An Health will uphold its value proposition of “worry-free, time-saving, and cost-effective,” deepen its engagement in the healthcare sector, provide high-quality products and services that are “professional yet compassionate,” and strive to contribute to the nation’s health initiatives.

Appendix:

Li Dou

Ping An Healthcare and Technology Company Limited

Chairman of the Board and Chief Executive Officer

Born in May 1976, he currently serves as Chairman of the Board, Executive Director, and Chief Executive Officer of Ping An Health Medical Technology Co., Ltd., overseeing daily operations and the company’s overall management.

Mr. Li Dou joined Ping An in 2020 and has served as Special Assistant to the Chairman of Ping An Life Insurance and as a Non-Executive Director of Ping An Health, among other roles. Previously, Mr. Li served as Vice President of Sales and General Manager of Demand for China at Mars Wrigley Confectionery (China) Co., Ltd. Mr. Li holds a Bachelor’s degree in International Business Management from Guangdong University of Foreign Studies and a Master’s degree in Business Administration from the University of Minnesota, USA.