On October 7, PA GOODDOCTOR (01833) announced that Li Dou has resigned from his positions as Chairman of the Board of Directors, Executive Director, and Chief Executive Officer due to personal work arrangements. The company's Board of Directors has appointed Mr. Guo Xiaotao as Chairman of the Board and Mr. He Mingke as Chief Executive Officer and Executive Director, effective from the date of the announcement.

PA GOODDOCTOR stated that the aforementioned personnel adjustments will not affect the company's normal operations, and the corporate governance structure will continue to remain regulated and efficient. As the flagship of Ping An Group's medical and elderly care ecosystem, the company will deeply implement Ping An Group's dual-wheel drive strategy of "comprehensive finance + medical and elderly care," deepen the development of the "medical-insurance synergy" model, continuously strengthen the core hub construction of family doctors and elderly care managers, and provide users with "worry-free, time-saving, and money-saving" service experiences through medical AI closed-loop service capabilities and application implementation.

From past cases, management changes may bring about optimization of business strategies, improvement of functional efficiency, and even drive enterprises to achieve systematic transformation. The market generally expects that the new team will accelerate PA GOODDOCTOR's layout in the medical and health service field by leveraging their deep understanding of group resources and precise application of digitalization capabilities.

Morgan Stanley issued a research report, giving PA GOODDOCTOR (01833) an "In-Line" rating. PA GOODDOCTOR announced that Li Dou resigned from his positions as Chairman of the Board, Executive Director, and Chief Executive Officer, while non-executive director Guo Xiaotao was appointed as Chairman of the Board, and He Mingke was appointed as Chief Executive Officer, Executive Director, member of the Board's Sustainability Committee, and authorized representative.

The bank mentioned that Mr. Guo Xiaotao was previously responsible for Ping An Group's overall business strategy in medical health, technology, and elderly care sectors, and served as a director of Peking University Healthcare Management, Ping An Bank, Ping An Property & Casualty Insurance, and Ping An Life Insurance, as well as a non-executive director of OneConnect Financial Technology. Mr. He Mingke has an outstanding track record in digital health and platform management. Before joining PA GOODDOCTOR, he led Baidu's medical health business.

Morgan Stanley pointed out that Ping An Group currently has a penetration rate of approximately 8% among financial paying users and about 5% among corporate paying users. The new management team will be beneficial for strengthening the company's access to group-level resources, including customers, data, and financial support.

Citigroup similarly believes that this new management appointment demonstrates further support from parent company Ping An Group, and expects that with the assistance of the new management team, PA GOODDOCTOR's business will generate more synergistic effects. The bank believes that the management's rich experience will help the company continue to focus on strategic priorities for F-end and B-end customers.

PA GOODDOCTOR's medical AI products have achieved fruitful results. In July this year, two of PA GOODDOCTOR's medical AI products - Famous Doctor Digital Avatar and AI Family Doctor - received honor certificates for the China Academy of Information and Communications Technology's 2025 "Open Source Large Model+" Software Innovation Application Typical Cases. Among them, the Famous Doctor Digital Avatar relies on a self-built TOP-level famous doctor network to assist famous doctors in becoming "super doctors" in aspects such as intelligent patient consultation, patient medical record organization, rehabilitation advice, and post-diagnosis follow-up. The AI Family Doctor complements the family doctor product portfolio, providing 7*24 hour online and offline integrated closed-loop services for online users.

Additionally, the company has increased efforts to expand B-end business, using the "Ping An China Enterprise Health Protection Plan" product to expand corporate customers. Meanwhile, the company strengthens business synergy with the group, relying on Ping An Group's resources and advantages to promote F-end and B-end business development and accelerate the implementation of the company's new strategy.

This management adjustment at PA GOODDOCTOR maintains continuity in strategic direction while injecting new momentum for business synergy and innovation through the introduction of talent with both group strategic vision and digital operation experience.