• Strategic Milestone: Zhibao Technology Inc. (NASDAQ:ZBAO) ("Zhibao," "we," or the "Company") and Sichuan Fanmo Technology Co., Ltd. ("F+More") have partnered to offer a specialized insurance product directly to individual drone pilots for the first time.
• Nationally Strategic Industry: Currently an RMB 500 billion industry, the low-altitude economy is expected to be named an emerging pillar industry in China's 15th Five-Year Plan and grow at a meaningful pace with demonstrated government support.
• 2B2C Expansion: Leveraging Zhibao's proprietary Platform-as-a-Service (PaaS), the partnership is expected to transition F+More's established 2B market expertise in drone servicing into a scalable 2C solution.
• Digital Innovation: Features a mobile-friendly, fully online purchasing process, allowing consumers to secure coverage instantly from their mobile devices.
• Competitive Global Pricing: Comprehensive annual coverage for the full value of a drone starts at approximately CNY 395 (USD 57) per year.

Shanghai, China--(Newsfile Corp. - March 11, 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 the launch of a new online insurance product designed to cover individual (C-end) drone users. Developed in collaboration with Sichuan Fanmo Technology Co., Ltd. ("F+More"), a leading drone service provider in China, this launch represents a strategic breakthrough for Zhibao in the rapidly expanding low-altitude economy.