Zhibao Technology Inc. Subsidiary Zhibao Labuan Re's Board Approves Strategic Capital Injection and Operational Funding Exploration

KEY HIGHLIGHTS * Subsidiary Board Approval: Zhibao Labuan Reinsurance Company Limited ("Zhibao Labuan Re"), a key reinsurance subsidiary of Zhibao Technology Inc. (NASDAQ: ZBAO) ("Zhibao," "we," or the Company), announces that its Board of Directors has formally passed a corporate resolution approving the exploration of a potential capital injection of $32 million in digital assets. * Strengthening Reinsurance Capacity: The proposed capital allocation is structured to bolster Zhibao Labuan Re's capital position, enhance its risk-retention capabilities, and fund ongoing business expansion across mainland China and Southeast Asian reinsurance corridors. * Bolstering Risk Transfer Ability from Mainland China: The proposed capital allocation is designed to bring Zhibao Labuan Re above the threshold set forth by the Chinese National Finance Regulatory Administration (NFRA) to lead treaties reinsuring mainland Chinese insurers directly. Shanghai, China--(Newsfile Corp. - September 22, 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 that the Board of Directors of its reinsurance subsidiary, Zhibao Labuan Reinsurance Company Limited ("Zhibao Labuan Re"), has executed a board resolution approving the exploration of digital asset capital injection into the subsidiary.