Zhibao Technology Issues Update on Delay in Filing 20-F Annual Report
Rhea-AI Summary
Zhibao Technology (NASDAQ: ZBAO) announced it was unable to file its Form 20-F annual report by the November 17, 2025 deadline and cancelled the earnings call scheduled for November 18, 2025 at 10:00 AM ET. The company said it is working to file the Annual Report as soon as possible and will announce a new date and time for the earnings call.
This update confirms a missed filing deadline and a near-term change to investor communications while the company completes its annual report.
Positive
- Company is actively working to file the 20-F as soon as possible
- Company will announce a new earnings call time once filing is underway
Negative
- Failed to file Form 20-F by November 17, 2025
- Cancelled investor earnings call scheduled for November 18, 2025
News Market Reaction
On the day this news was published, ZBAO declined 15.31%, reflecting a significant negative market reaction. Argus tracked a trough of -12.6% from its starting point during tracking. Our momentum scanner triggered 10 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $6M from the company's valuation, bringing the market cap to $31M at that time. Trading volume was exceptionally heavy at 10.3x the daily average, suggesting significant selling pressure.
Data tracked by StockTitan Argus on the day of publication.
Shanghai, China--(Newsfile Corp. - November 18, 2025) - Zhibao Technology Inc. (NASDAQ: ZBAO) ("Zhibao," or the "Company"), a leading high-growth InsurTech company providing digital insurance brokerage services in China, today announced that the Company was unable to file its annual report on Form 20-F (the "Annual Report") by November 17, 2025 and has cancelled the earnings call previously scheduled at 10:00 AM ET. on November 18, 2025.
The Company is working towards filing the Annual Report as soon as possible and will announce the new time for the earnings call.
About Zhibao Technology Inc.
Zhibao Technology Inc. (NASDAQ: ZBAO) is a leading 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 the registration statement filed 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 statement 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/274965
FAQ
Why did Zhibao (NASDAQ: ZBAO) cancel the November 18, 2025 earnings call?
Has Zhibao filed its 20-F for the year ending 2025?
When will Zhibao (ZBAO) reschedule the earnings call?
Does the announcement provide financial results for Zhibao's 2025 fiscal year?
What immediate actions is Zhibao taking after missing the 20-F deadline?
