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Zhibao Technology Inc. Announces Closing of $154.7 Million PIPE Financing

KEY HIGHLIGHTS $154.7 Million PIPE Financing Closed: Zhibao Technology Inc. (NASDAQ: ZBAO) ("Zhibao," "we," or the "Company") has closed its previously announced private investment in public equity ("PIPE") financing for an aggregate purchase price of $154,700,000. Streamlined Unit Structure: The transaction comprises 442,000,000 PIPE Units at $0.35 per Unit (each consisting of one Class A Ordinary Share and one two-year Warrant exercisable at $0.35 per share), with 395,678,152 Units delivered at closing and the remaining 46,321,848 Units to be delivered following shareholder approval.

Zhibao Technology Inc. Establishes Joint Venture with Dongbaohui, Unlocking a New Chapter in AI-Native Embedded Long-Term Insurance Services

KEY HIGHLIGHTS Strategic Joint Venture: Zhibao Technology Inc. (NASDAQ: ZBAO) ("Zhibao," "we," or the "Company") has partnered with Dongbaohui to establish a strategic joint venture (JV) focused on driving AI-native embedded long-term insurance solutions. Exemplary Leadership: The JV will be chaired by Mr.