Zhibao Technology Inc. Subsidiary Zhibao Labuan Re Accelerates Reinsurance Business Expansion Across Hong Kong and Southeast Asia

KEY HIGHLIGHTS * Regional Expansion Strategy: Zhibao Technology Inc. (NASDAQ: ZBAO) ("Zhibao," "we," or the "Company") announces that its reinsurance subsidiary, Zhibao Labuan Reinsurance Company Limited ("Zhibao Labuan Re"), is expanding its operations into Hong Kong and Southeast Asian reinsurance markets. * Top tier Reinsurance Collaborations: Zhibao Labuan Re is collaborating with a top global reinsurer in Singapore and a leading Chinese state-owned insurer in Hong Kong on cross-border reinsurance arrangements across medical, accident, property, and liability lines. * Strengthening Balance Sheet & Regional Capacity: Zhibao Labuan Re expected parent Company Zhibao Technology's strengthened balance sheet position and underwriting capacity to accelerate business development. Shanghai, China--(Newsfile Corp. - September 18, 2026) - Zhibao Technology Inc. (NASDAQ: ZBAO) ("Zhibao," "we," or the "Company"), a leading high-growth InsurTech company and pioneer of the 2B2C digital embedded insurance model in China, today announced significant business development progress for its wholly-owned subsidiary, Zhibao Labuan Reinsurance Company Limited ("Zhibao Labuan Re"), as it expands its footprint across the Hong Kong and Southeast Asian reinsurance markets.