KEY HIGHLIGHTSScale of Impact: Zhibao Technology Inc. (NASDAQ:ZBAO) (&#34;Zhibao,&#34; &#34;we,&#34; or the &#34;Company&#34;) has dramatically scaled its ecosystem, embedding its proprietary digital insurance solutions

KEY HIGHLIGHTS<ul style="list-style-type: disc;"><li>Scale of Impact: Zhibao Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/ZBAO">ZBAO</a>) ("Zhibao," "we," or the "Company") has dramatically scaled its ecosystem, embedding its proprietary digital insurance solutions for the platform's nearly 20 million registered users. </li><li>Pioneering Smart City FinTech: This partnership provides convenient access to Zhibao's digital insurance solutions to Chengdu's highly technology-focused citizens. The Tianfu New Area of Chengdu is designed to be a future-ready smart city.</li><li>High-Efficiency PaaS Delivery: Built off Zhibao's Platform as a Service (PaaS), this implementation of Zhibao's low-affinity solution successfully achieved beta deployment on June 30. </li></ul>Shanghai, China--(Newsfile Corp. - July 8, 2026) - Zhibao Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/ZBAO">ZBAO</a>) ("Zhibao," "we," or the "Company"), a leading high-growth InsurTech company and pioneer of the 2B2C digital embedded insurance model in China, today announced a landmark expansion of its digital insurance ecosystem. On June 30, the Company's fully owned subsidiary Sunshine Insurance Brokers launched a beta deployment of Zhibao's proprietary low-affinity digital insurance solution on Tianfu Citizen's Cloud, the premier one-stop civic services platform in Chengdu, China, unlocking access to comprehensive protection services for its base of nearly 20 million users. Both parties previously signed a three-year agreement to cooperate on insurance services on the Tianfu Citizen's Cloud platform. Tapping into China's western megacityThe provincial capital of China's western Sichuan Province, Chengdu is home to over 21.4 million people and produced a nominal GDP reaching approximately USD $342 billion in 2025. This ranks it among the top seven largest municipal economies in China.<ul style="list-style-type: disc;"><li>The Tianfu Innovation Hub: Known broadly as the "Tianfu New Area," this zone is a federally designated national-level economic development region designed to serve as China's western epicenter for science, technology, and advanced digital integration. It plays host to global Fortune 500 giants including Intel, Volkswagen, and elite research hubs like the Chengdu Science City.</li><li>A Massive Tech-Savvy Audience: With over 4.4 million regional professionals and technocrats, the demographic profile of this region skews intensely digital-native. Platforms like Tianfu Citizen's Cloud act as the central nervous system for everyday city life, making it a fertile landscape for embedded financial technologies.</li></ul>Strategic 2B2C Synergies and Compliance ControlThrough Zhibao's innovative 2B2C embedded strategy, the two organizations are leveraging complementary assets to provide convenient insurance services to citizens on a platform they are already active on and familiar with:<ul style="list-style-type: disc;"><li>Tianfu Citizen's Cloud provides powerful localized traffic channels, extensive promotional exposures, and marketing interfaces across its applications, mini-programs, and official accounts. It also offers user data to help tailor insurance options effectively.</li><li>Sunshine Insurance Brokers (Zhibao's licensed subsidiary) directs the platform's ongoing research and development, operational management, omnichannel data strategy, and carrier negotiations to source highly relevant, low-cost customized protection plans.</li></ul>Both parties agreed to strictly abide with relevant data security and user data regulations and provide robust safeguards and protections throughout the course of the cooperation.A Multi-Product ApproachBoth parties agreed to explore a variety of insurance products to offer via Tianfu Citizen's Cloud. In particular, both parties agreed to offer an implementation of Zhibao's flagship "Huiminbao" inclusive medical insurance. Other potential insurance products include "Huijiabao" inclusive homeowner insurance products, and other individual property and casualty coverages. Management Commentary"Our deployment on the Tianfu Citizen's Cloud platform marks a massive milestone in the validation and scale of our 2B2C business model," said Mr. Botao Ma, Chief Executive Officer of Zhibao. "By integrating our PaaS-driven solutions into a civic network with nearly 20 million users, we hope to demonstrate the versatility and convenience of our digital insurance solutions to provide a wide variety of property and lifestyle protections to the citizens of Chengdu. Providing an accessible, trusted safety net for such a large population closely fits with Zhibao's goal to provide convenient insurance services and protection to as many individuals as possible." Mr. Xiaowei Le, Chief Operating Officer of Zhibao, added: "A digital-first city network demands highly reliable, automated systems. Moving forward, we will work closely with top-tier financial institutions to bring customized localized products into this new digital zone. Our proprietary technology is built to iterate rapidly based on data insights, ensuring we constantly match the precise lifestyle needs and evolving preferences of China's tech-savvy consumer base." About Zhibao Technology Inc.Zhibao Technology Inc. is a leading and high growth InsurTech company primarily engaging in providing digital insurance brokerage services through its operating entities ("Zhibao China Group") in China. 2B2C ("to-business-to-customer") digital embedded insurance is the Company's innovative business model, which Zhibao China Group pioneered in China. Zhibao China Group launched the first digital insurance brokerage platform in China in 2020, which is powered by their proprietary PaaS ("Platform as a Service").Zhibao has developed over 40 proprietary and innovative digital insurance solutions addressing different scenarios in a wide range of industries, including but not limited to travel, sports, logistics, utilities, and e-commerce. Zhibao acquires and analyzes customer data, utilizes big data and AI technology to continually iterate and enhance its digital insurance solutions. This iterative process, in addition to continually improving its digital insurance solutions, will keep it abreast of the new trends and customer preferences in the market. For more information, please visit: <a href="https://api.newsfilecorp.com/redirect/MqyPBSqvwP">ir.zhibao-tech.com</a>.Forward-Looking StatementsStatements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "is/are likely to," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the "Risk Factors" section of our annual reports on Form 20-F (as amended) and registration statements on Form F-1 (as amended) that have been filed or will be filed from time to time with the SEC. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statements and other filings with the SEC. Additional factors are discussed in the Company's filings with the SEC, which are available for review at <a href="https://api.newsfilecorp.com/redirect/bg1Gzh1gD5">www.sec.gov</a>. <div id="contactInfo">Investor Relations ContactZhibao Technology Inc. Investor Relations Office Email: <a href="mailto:ir@zhibao-tech.com">ir@zhibao-tech.com</a>Skyline Corporate Communications Group, LLC Scott Powell, President Avenues Tower 1177 Avenue of the Americas, 5th floor New York, NY 10036 Office: (646) 893-5835 Email: <a href="mailto:info@skylineccg.com">info@skylineccg.com</a></div><img src="https://images.newsfilecorp.com/files/10601/304381_21caaf8a84746855_logo.jpg" id="corporateNewsLogo" alt="Corporate Logo" />To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/Jko04HAyrL">https://www.newsfilecorp.com/release/304381</a><img src="https://api.newsfilecorp.com/newsinfo/304381/197" alt="" />

ZBAO

Zhibao Technology Inc. Announces Cooperation with Tianfu Citizen's Cloud Platform, Providing Embedded Insurance Solutions to Over 20 Million New End Users

Zhibao expands 2B2C digital insurance in Chengdu's Tianfu Cloud ecosystem

<section class="insight" data-version="1">
 <section data-block="information">
 <h3>Information</h3>
 KEY HIGHLIGHTSScale of Impact: Zhibao Technology Inc. (NASDAQ:ZBAO) (&amp;#34;Zhibao,&amp;#34; &amp;#34;we,&amp;#34; or the &amp;#34;Company&amp;#34;) has dramatically scaled its ecosystem, embedding its proprietary digital insurance solutions
 </section>

 <section data-block="ai-summary-paragraph">
 <h3>AI Summary</h3>
 Zhibao announces beta deployment of its low-affinity digital insurance on Chengdu&#039;s Tianfu Citizen&#039;s Cloud. The three-year deal with Sunshine Insurance Brokers expands 2B2C offerings to nearly 20 million users, boosting potential revenue and data scale in western China.
 </section>

 <section data-block="ai-summary-bullets">
 <h3>Key Points</h3>
 <ul><li>Zhibao expands digital insurance on Tianfu Citizen&#039;s Cloud, reaching nearly 20 million users.</li><li>Beta deployment completed June 30; demonstrates high-efficiency PaaS delivery.</li><li>Three-year agreement with Tianfu Citizen&#039;s Cloud formalizes 2B2C collaboration.</li><li>Chengdu’s Tianfu New Area offers scalable fintech expansion for ZBAO.</li></ul>
 </section>

 <section data-block="companies-mentioned">
 <h3>Companies Mentioned</h3>
 <ul><li>Zhibao Technology Inc. (ZBAO): Announces expansion of digital insurance ecosystem via Tianfu Citizen&#039;s Cloud in Chengdu; beta deployed June 30; 2B2C strategy.</li><li>Sunshine Insurance Brokers (N/A): Zhibao&#039;s licensed subsidiary; will lead R&amp;D, data strategy, and carrier negotiations for low-cost plans on Tianfu Cloud.</li><li>Tianfu Citizen&#039;s Cloud (N/A): Premier civic services platform; channel for Zhibao&#039;s embedding; base for nearly 20 million users.</li><li>Tianfu New Area (N/A): National-level economic development zone driving Chengdu&#039;s smart-city initiatives and tech focus.</li></ul>
 </section>

 <section data-block="category">
 <h3>Industry News</h3>
 Industry News: reflects a strategic partnership expansion and scale-up of ZBAO&#039;s embedded-insurance model in a major urban hub, with potential near- to mid-term monetization and data advantages.
 </section>

 <section data-block="market-moving">
 <h3>Market-Moving</h3>
 <ul><li>Beta deployment demonstrates scalable PaaS execution in a major Chinese smart-city ecosystem.</li><li>Large addressable user base may unlock multi-product insurance growth.</li><li>Long-term contract provides revenue visibility beyond near-term catalysts.</li><li>Regulatory and data privacy risk could slow rollout.</li></ul>
 </section>

 <section data-block="key-facts">
 <h3>Key Facts</h3>
 <ul><li>Beta deployment completed on June 30, 2026.</li><li>Nearly 20 million registered users on Tianfu Citizen&#039;s Cloud platform.</li><li>Chengdu population over 21.4 million; 2025 nominal GDP about US$342 billion.</li><li>Three-year cooperation agreement to provide insurance services on Tianfu Citizen&#039;s Cloud.</li><li>Tianfu New Area is a national-level economic development zone in western China.</li></ul>
 </section>

 <section data-block="trading-thesis">
 <h3>Trading Thesis</h3>
 Bullish: expect revenue ramp from Chengdu deployment in 2H2026 as pilots scale.
 </section>
</section>


KEY HIGHLIGHTS<ul style="list-style-type: disc;"><li>Scale of Impact: Zhibao Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/ZBAO">ZBAO</a>) ("Zhibao," "we," or the "Company") has dramatically scaled its ecosystem, embedding its proprietary digital insurance solutions for the platform's nearly 20 million registered users. </li><li>Pioneering Smart City FinTech: This partnership provides convenient access to Zhibao's digital insurance solutions to Chengdu's highly technology-focused citizens. The Tianfu New Area of Chengdu is designed to be a future-ready smart city.</li><li>High-Efficiency PaaS Delivery: Built off Zhibao's Platform as a Service (PaaS), this implementation of Zhibao's low-affinity solution successfully achieved beta deployment on June 30. </li></ul>Shanghai, China--(Newsfile Corp. - July 8, 2026) - Zhibao Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/ZBAO">ZBAO</a>) ("Zhibao," "we," or the "Company"), a leading high-growth InsurTech company and pioneer of the 2B2C digital embedded insurance model in China, today announced a landmark expansion of its digital insurance ecosystem. On June 30, the Company's fully owned subsidiary Sunshine Insurance Brokers launched a beta deployment of Zhibao's proprietary low-affinity digital insurance solution on Tianfu Citizen's Cloud, the premier one-stop civic services platform in Chengdu, China, unlocking access to comprehensive protection services for its base of nearly 20 million users. Both parties previously signed a three-year agreement to cooperate on insurance services on the Tianfu Citizen's Cloud platform. Tapping into China's western megacityThe provincial capital of China's western Sichuan Province, Chengdu is home to over 21.4 million people and produced a nominal GDP reaching approximately USD $342 billion in 2025. This ranks it among the top seven largest municipal economies in China.<ul style="list-style-type: disc;"><li>The Tianfu Innovation Hub: Known broadly as the "Tianfu New Area," this zone is a federally designated national-level economic development region designed to serve as China's western epicenter for science, technology, and advanced digital integration. It plays host to global Fortune 500 giants including Intel, Volkswagen, and elite research hubs like the Chengdu Science City.</li><li>A Massive Tech-Savvy Audience: With over 4.4 million regional professionals and technocrats, the demographic profile of this region skews intensely digital-native. Platforms like Tianfu Citizen's Cloud act as the central nervous system for everyday city life, making it a fertile landscape for embedded financial technologies.</li></ul>Strategic 2B2C Synergies and Compliance ControlThrough Zhibao's innovative 2B2C embedded strategy, the two organizations are leveraging complementary assets to provide convenient insurance services to citizens on a platform they are already active on and familiar with:<ul style="list-style-type: disc;"><li>Tianfu Citizen's Cloud provides powerful localized traffic channels, extensive promotional exposures, and marketing interfaces across its applications, mini-programs, and official accounts. It also offers user data to help tailor insurance options effectively.</li><li>Sunshine Insurance Brokers (Zhibao's licensed subsidiary) directs the platform's ongoing research and development, operational management, omnichannel data strategy, and carrier negotiations to source highly relevant, low-cost customized protection plans.</li></ul>Both parties agreed to strictly abide with relevant data security and user data regulations and provide robust safeguards and protections throughout the course of the cooperation.A Multi-Product ApproachBoth parties agreed to explore a variety of insurance products to offer via Tianfu Citizen's Cloud. In particular, both parties agreed to offer an implementation of Zhibao's flagship "Huiminbao" inclusive medical insurance. Other potential insurance products include "Huijiabao" inclusive homeowner insurance products, and other individual property and casualty coverages. Management Commentary"Our deployment on the Tianfu Citizen's Cloud platform marks a massive milestone in the validation and scale of our 2B2C business model," said Mr. Botao Ma, Chief Executive Officer of Zhibao. "By integrating our PaaS-driven solutions into a civic network with nearly 20 million users, we hope to demonstrate the versatility and convenience of our digital insurance solutions to provide a wide variety of property and lifestyle protections to the citizens of Chengdu. Providing an accessible, trusted safety net for such a large population closely fits with Zhibao's goal to provide convenient insurance services and protection to as many individuals as possible." Mr. Xiaowei Le, Chief Operating Officer of Zhibao, added: "A digital-first city network demands highly reliable, automated systems. Moving forward, we will work closely with top-tier financial institutions to bring customized localized products into this new digital zone. Our proprietary technology is built to iterate rapidly based on data insights, ensuring we constantly match the precise lifestyle needs and evolving preferences of China's tech-savvy consumer base." About Zhibao Technology Inc.Zhibao Technology Inc. is a leading and high growth InsurTech company primarily engaging in providing digital insurance brokerage services through its operating entities ("Zhibao China Group") in China. 2B2C ("to-business-to-customer") digital embedded insurance is the Company's innovative business model, which Zhibao China Group pioneered in China. Zhibao China Group launched the first digital insurance brokerage platform in China in 2020, which is powered by their proprietary PaaS ("Platform as a Service").Zhibao has developed over 40 proprietary and innovative digital insurance solutions addressing different scenarios in a wide range of industries, including but not limited to travel, sports, logistics, utilities, and e-commerce. Zhibao acquires and analyzes customer data, utilizes big data and AI technology to continually iterate and enhance its digital insurance solutions. This iterative process, in addition to continually improving its digital insurance solutions, will keep it abreast of the new trends and customer preferences in the market. For more information, please visit: <a href="https://api.newsfilecorp.com/redirect/MqyPBSqvwP">ir.zhibao-tech.com</a>.Forward-Looking StatementsStatements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "is/are likely to," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the "Risk Factors" section of our annual reports on Form 20-F (as amended) and registration statements on Form F-1 (as amended) that have been filed or will be filed from time to time with the SEC. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statements and other filings with the SEC. Additional factors are discussed in the Company's filings with the SEC, which are available for review at <a href="https://api.newsfilecorp.com/redirect/bg1Gzh1gD5">www.sec.gov</a>. <div id="contactInfo">Investor Relations ContactZhibao Technology Inc. Investor Relations Office Email: <a href="mailto:ir@zhibao-tech.com">ir@zhibao-tech.com</a>Skyline Corporate Communications Group, LLC Scott Powell, President Avenues Tower 1177 Avenue of the Americas, 5th floor New York, NY 10036 Office: (646) 893-5835 Email: <a href="mailto:info@skylineccg.com">info@skylineccg.com</a></div><img src="https://images.newsfilecorp.com/files/10601/304381_21caaf8a84746855_logo.jpg" id="corporateNewsLogo" alt="Corporate Logo" />To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/Jko04HAyrL">https://www.newsfilecorp.com/release/304381</a><img src="https://api.newsfilecorp.com/newsinfo/304381/197" alt="" />

Zhibao announces beta deployment of its low-affinity digital insurance on Chengdu's Tianfu Citizen's Cloud. The three-year deal with Sunshine Insurance Brokers expands 2B2C offerings to nearly 20 million users, boosting potential revenue and data scale in western China.

zhibao-technology-inc-announces-cooperation-with-tianfu-citizen-s-cloud-platform-providing-embedded-insurance-solutions-to-over-20-million-new-end-users

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Zhibao Technology Inc. Announces Cooperation with Tianfu Citizen's Cloud Platform, Providing Embedded Insurance Solutions to Over 20 Million New End Users

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