Zhibao Technology Signs Definitive Agreement to Acquire NEXSYS TECH for Planned AI Computing Infrastructure Business

KEY HIGHLIGHTS * Strategic Acquisition: Zhibao Technology Inc. (NASDAQ: ZBAO) ("Zhibao," "we," or the "Company") has entered into a definitive Merger and Acquisition Agreement dated September 28, 2026, to acquire 100% of the issued shares of NEXSYS TECH SDN. BHD. ("NEXSYS"), a newly incorporated Malaysian entity set to develop an AI computing infrastructure business. * Performance-Based Share Consideration: The transaction structure comprises $1 in cash at closing plus up to $7.5 million in contingent earn-out consideration, payable solely through Class A ordinary shares if NEXSYS achieves up to $3.015 million in cumulative audited net profit over a 27-month evaluation term. * Planned AI Infrastructure Scope: NEXSYS's planned operations focus on high-end GPU servers, high-performance computing hardware, cluster integration, and hosting/leasing services for applications including large model training and AI inference. * Regional Strategic Footprint: NEXSYS's preliminary cooperation arrangements relate to data center facilities in East Malaysia and Indonesia covering an aggregate rack power capacity of approximately 26 megawatts (MW). New York, New York--(Newsfile Corp. - September 28, 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 it has entered into a Merger and Acquisition Agreement dated September 28, 2026, with Choi Sai Wai, the sole shareholder of NEXSYS TECH SDN. BHD. ("NEXSYS"), to acquire all of NEXSYS's issued shares. NEXSYS is a newly incorporated Malaysian company through which Zhibao intends to expand its strategic scope and develop an AI computing infrastructure business.