Zhibao Technology Inc. (NASDAQ:ZBAO) ("Zhibao" or the "Company"), a leading and high growth InsurTech company primarily engaged in providing digital insurance brokerage services through its operating entities in China, today announced that Sunshine Insurance Brokers ("Sunshine"), one of the Company's subsidiaries, has won a contract to provide "Hui Jia Bao" (an inclusive homeowners' insurance product offered by the Company) ("Hui Jia Bao") in Nanjing, China. Marketed as "Ning Jia Bao" in Nanjing, this implementation of Company's Hui Jia Bao product is insured by a panel of six leading insurers, led by the People's Insurance Company of China ("PICC")'s Nanjing branch.

Hui Jia Bao is one of the Company's 40+ Digital Insurance Solutions; The Company first introduced the first project in Quanzhou, China in December 2023. Since then, the Company has deployed the "Hui Jia Bao" solution in nine other cities or regions in China. Nanjing is the capital of the prosperous Jiangsu Province and is home to over 9 million residents.