The interest will be donated to public welfare organizations or used for serious illness relief

On July 15, 2021, shuidi chips held a media open day, which showed the special audit report on the bank account of fund-raising funds in 2020 and the relevant interest of the special account in 2020 for the first time. The special audit report shows that: the firm audited the special fund management account of shuidi fund in Ping An Bank in 2020. In 2020, shuidi mutual insurance (registered entity of shuidi Fund) raised 10.587 billion yuan, the fund raiser drew 10.386 billion yuan, returned 166 million yuan to the donor, and the pending amount that has not yet been withdrawn or returned was 35 million yuan. No misappropriation and misappropriation of funds in the special account were found. According to Hu Yao, general manager of shuidi chip, from January last year to March this year, the interest generated by shuidi chip's personal help account for serious illness was 6.285 million yuan, which will be donated to relevant public welfare organizations or used for rescue and rehabilitation treatment of patients with serious illness in batches. During the activity, shuidi chip donated the first interest of 1 million yuan to the Red Cross Foundation of China for the "life relay fund" to carry out the human organ donation project. In May this year, the parent company of shuidi chips went public in the United States. According to the prospectus, shuidi company's main source of income is shuidi insurance's insurance brokerage business, which accounts for 89% of the company's total income, and shuidi financing business does not generate income. Hu Yao said: "water drop funding does not undertake the task of income generation. We define it as a social responsibility."