Zhibao Technology Inc. Announces the Appointment of New Executives

Rhea-AI Summary

Zhibao Technology (NASDAQ: ZBAO) announced three executive appointments effective December 1, 2025: Xiaowei Le as Chief Operating Officer, Xiao Luo as Chief Marketing Officer, and Guangtong Ren as Chief Actuary. All three were promoted from Zhibao's China operating entities and are cited as contributors to recent performance.

Key facts: Mr. Le is credited with driving over 70% year‑over‑year revenue growth for Zhibao China while serving as Chief Growth Officer; Mr. Luo is a co‑founder focused on B channel expansion and partner outreach; Mr. Ren will lead product pricing and serve as Principal Officer of Zhibao Labuan Re.

Positive

• Appointment effective Dec 1, 2025 of three senior executives
• Over 70% YoY revenue growth for Zhibao China under Mr. Le

Negative

• None.

Key Figures

Revenue growth over 70% year-over-year Zhibao China growth attributed to Mr. Le as Chief Growth Officer

Market Reality Check

$1.08 Last Close

Volume Volume 98,145 is close to the 20-day average of 99,223, indicating typical trading activity before this announcement. normal

Technical Shares at $0.92 were trading below the 200-day MA of $1.07, and sat well under the $2.73 52-week high while above the $0.781 52-week low.

Peers on Argus

Pre-announcement, peers showed mixed moves: HUIZ +3.18%, GOCO +3.19%, RELI -3.03%, TIRX -10.54%, AIFU +0.33%. With ZBAO down 3.75%, there was no clear, unified sector direction.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 05	Executive appointments	Positive	+11.9%	Promotion of three seasoned leaders from Zhibao China into top roles.
Nov 21	Nasdaq deficiency	Negative	-0.0%	Nasdaq non-compliance notice for delayed Form 20-F annual report filing.
Nov 18	Filing delay update	Negative	-15.3%	Confirmation of missed 20-F deadline and cancellation of earnings call.
Nov 14	Ratings announcement	Positive	+2.9%	AM Best assigned B+ financial strength and bbb- issuer ratings to subsidiary.
Nov 03	Results delay & guidance	Positive	+3.5%	FY2025 results delay paired with strong revenue growth guidance and call shift.

Pattern Detected

Across the last five news events, ZBAO’s share price consistently moved in the same direction as the apparent tone of the news, including both operational positives and compliance-related negatives.

Recent Company History

This announcement adds to a busy period for Zhibao. Recent news included FY2025 results postponement with guidance for strong revenue growth, a subsequent delay in filing the Form 20-F and related Nasdaq deficiency notices, and a change of independent auditor. Operationally, the company highlighted AM Best’s B+ financial strength rating for Zhibao Labuan and now formalizes three key executives from its China operations. Together, these updates show parallel tracks of growth initiatives and ongoing reporting and governance work through November–December 2025.

Market Pulse Summary

The stock surged +11.9% in the session following this news. A strong positive reaction aligns with the constructive tone of adding experienced executives from Zhibao’s core operating entities. Historical data show price moves typically matching news tone, including prior governance and ratings updates. However, shares trading below the $1.07 200-day MA and well under the $2.73 52-week high highlighted a weaker pre-news trend that could still weigh on longer-term follow-through.

Key Terms

insurtech financial

"a leading and high-growth InsurTech company providing digital insurance"

Insurtech is the use of technology to improve and innovate the insurance industry. It involves developing digital tools and platforms that make buying, managing, and claiming insurance easier, faster, and more personalized—similar to how online banking transformed traditional banking services. For investors, insurtech represents an opportunity to support companies that are changing how insurance works and potentially capturing new markets through innovation.

chief actuary financial

"Mr. Guangtong Ren as the Company's new Chief Actuary."

A chief actuary is the senior executive who leads the team that uses math and statistics to estimate future costs, risks, insurance claims and pension obligations. They set pricing, reserves and assumptions that affect a company’s reported profits and solvency, so investors watch them much like a ship’s chief engineer—responsible for keeping the business on course financially and avoiding costly surprises.

reinsurance financial

"such as the establishment of the Zhibao Labuan Reinsurance Company"

Reinsurance is when insurance companies buy insurance for themselves to protect against very big losses. It’s like a car owner getting extra coverage from another company so that if there's a serious accident, the financial hit isn’t all on one company. This helps insurance companies stay stable and able to pay out when disasters happen.

actuarial financial

"Mr. Ren brings actuarial excellence to the Company."

Actuarial describes the use of statistical and mathematical methods to estimate future costs, risks and probabilities related to events like insurance claims, retirements or loan defaults. For investors, actuarial analysis matters because it turns uncertain future outcomes into measured expectations and projected obligations—like using a weather forecast to plan a budget—helping evaluate a company’s financial stability, reserve adequacy and the fair value of risk-linked assets.

AI-generated analysis. Not financial advice.

Shanghai, China--(Newsfile Corp. - December 5, 2025) - Zhibao Technology Inc. (NASDAQ: ZBAO) ("Zhibao" or the "Company"), a leading and high-growth InsurTech company providing digital insurance brokerage services in China, today announced the appointment of three new Executives. Effective December 1, 2025, Mr. Xiaowei Le as the Company's new Chief Operating Officer, Mr. Xiao Luo as the Company's new Chief Marketing Officer, and Mr. Guangtong Ren as the Company's new Chief Actuary. All three executives previously held roles Zhibao's Chinese operating entities ("Zhibao China").

The appointment of these executives reflect their exceptional contributions to the strong performance and growth of Zhibao's operating entities and the Company's commitment to strengthening its operational foundation and execution as it enters its next phase of expansion, as outlined in the Company's roadmap for the coming ten years.

Mr. Le's Proven Track Record of Success

Mr. Le joined Zhibao China as Chief Growth Officer, where he spearheaded the entities' operational growth and execution efforts, achieving over 70% year-over-year revenue growth for the Zhibao China. His leadership has been pivotal in cultivating a high-performance culture within the Company, consistently meeting and exceeding ambitious goals and expectations.

Mr. Le has over 20 years of experience in sales management, general management, and leadership roles across multiple insurance companies. Mr. Le has been serving as Executive Director of Sunshine Insurance Broker since October 2023. From July 2019 to August 2022, Mr. Le served as deputy general manager of Bohai Property Insurance Co., LTD, a national property insurance company headquartered in Tianjin. From February 2007 to July 2019, Mr. Le served as assistant general manager, deputy general manager and general manager of Yongcheng Property Insurance Co., Ltd. ("Yongcheng"), a national property insurer specializing in electric power and energy insurance, manager of the head office department of Yongcheng, and director, deputy general manager and general manager of a subsidiary of Yongcheng. From July 1998 to October 2005, Mr. Le served as an agent, clerk, and department director of China Ping An Property Insurance Co., Ltd., the second-largest national insurer in China. Mr. Le received his bachelor's degree in Economics from Sun Yat-Sen University in 1998.

Mr. Luo's Myriad Contributions Since the Company's Founding

Mr. Luo, a co-founder of Zhibao China, has been instrumental in many different roles over the previous ten years. Mr. Luo has been "in the trenches" working with many of our teams across Zhibao China and has been a driving factor in building up the Company to its current position.

Mr. Luo has over 10 years of experience in the insurance industry and operations management. Between October 2015 and March 2018, Mr. Luo served as general manager of Shanghai Anyi. From July 2007 to September 2015, he worked as deputy managing director of risk management department at Wills China. Mr. Luo received a bachelor's degree in Transportation and Math from Shanghai Jiao Tong University in July 2007 and a master's degree in Business Administration in June 2015 from Shanghai Advanced Institute of Finance.

Mr. Luo will move into the role of Chief Marketing Officer of the Company, with a focus on promoting the Zhibao brand to new B Channels and new potential strategic partners and potential acquisition targets.

Mr. Ren's Actuarial Prowess

Mr. Ren first joined Zhibao China in November 2023. In his role as Chief Actuary, Mr. Ren brings actuarial excellence to the Company. His leadership and credentials have been instrumental to Company achievements such as the establishment of the Zhibao Labuan Reinsurance Company ("Zhibao Labuan").

Guangtong Ren has over 20 years of extensive experience in corporate finance, strategic planning, and risk management of insurance, investment management and start-ups. Mr. Ren has served as Executive Director and Chief Actuary of Zhibao China since November 2023, and Principal Insurance Officer of Zhibao Labuan Re Co., Ltd., a subsidiary of the Company, since April 2025. From August 2020 to October 2023, Mr. Ren served as special advisor to Chief Executive Officer at GLP Capital Partners Limited, a global leader in providing industrial services and investment focused on next-generation infrastructure in the supply chain, big data, and new energy sectors. From August 2018 to July 2020, Mr. Ren served as an advisor to the Chairman at Lupu Investment Holding Group Ltd., a Group specializes in wealth management and private equity investment. [From October 2006 and July 2018, Mr. Ren served as Chief Financial Officer, Regional Finance Actuary and Greater China Chief Risk Officer of AIG Insurance Company China Limited, an international insurance organization serving commercial, institutional and individual customers]. From February 2001 to February 2004, Mr. Ren served as Deputy General Manager of Ping An Insurance (Group) Company of China, Ltd., a Chinese financial services holding company whose subsidiaries provide insurance, banking, asset management, financial services. Mr. Ren received his Master of Business Administration degree in Finance from London Business School in 2004, a master's degree in Finance/Actuarial Science from Nankai University in 1994, and a bachelor's degree in Mathematical Statistics from Nankai University in 1991.

Mr. Ren will serve as Chief Actuary of the Company. He will be responsible for the development, design, and pricing of our insurance products and will concurrently hold the role of Principal Officer of Zhibao Labuan.

Strategic Role in Zhibao's Growth

"It is my pleasure to announce these three additions to our Executive leadership team. I have enjoyed working with these gentlemen, and each has been instrumental in driving Zhibao's remarkable performance over the past few years," said Mr. Botao Ma, Chairman and Chief Executive Officer of Zhibao Technology Inc. "Zhibao is entering a new stage of accelerated growth and expansion, as laid out in our roadmap for the next ten years. I believe these executives will bring the experience, expertise, and vision to execute on the Company's ambitious goals."

About Zhibao Technology Inc.

Zhibao Technology Inc. (NASDAQ: ZBAO) 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, utilize 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: ir.zhibao-tech.com.

Forward-Looking Statements

Statements 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) and Form F-3 (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 www.sec.gov.

Investor Relations Contact
Zhibao Technology Inc.
Investor Relations
Office Email: ir@zhibao-tech.com

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: info@skylineccg.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277043

FAQ

Who were appointed as new executives at Zhibao Technology (ZBAO) on December 1, 2025?

Zhibao appointed Xiaowei Le as COO, Xiao Luo as CMO, and Guangtong Ren as Chief Actuary effective Dec 1, 2025.

What impact did Xiaowei Le have on Zhibao China before becoming COO of ZBAO?

As Chief Growth Officer, Xiaowei Le led operations that achieved over 70% YoY revenue growth for Zhibao China.

What will Guangtong Ren be responsible for as Chief Actuary at ZBAO?

Guangtong Ren will oversee development, design, and pricing of insurance products and serve as Principal Officer of Zhibao Labuan Re.

What are Xiao Luo's priorities as Chief Marketing Officer of Zhibao (ZBAO)?

Xiao Luo will focus on promoting the Zhibao brand to new B channels, strategic partners, and potential acquisition targets.

When did Zhibao announce the executive appointments and under which symbol will investors track it?

The appointments were announced on December 5, 2025 and the company trades as ZBAO on NASDAQ.

Do the new executives hold prior roles within Zhibao China before joining the corporate leadership?

Yes; all three executives previously held senior roles within Zhibao's China operating entities before these corporate appointments.