KEY HIGHLIGHTSStrategic 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. 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. Mr. Yugang Wang, Chief Technology Officer of Zhibao Technology, will serve as General Manager. By activating long-term insurance demand in an AI-native way through intelligent demand insights, dynamic product matching, and real-time service responses, long-term insurance will no longer rely on traditional push-selling. 2B2C ("to-business-to-customer") digital embedded insurance is the Company's innovative business model, which Zhibao China Group pioneered in China.