Zhibao Technology Launches Drone Insurance Solution for Individual Operators, Strengthening Position in China’s Low-Altitude Economy
KEY HIGHLIGHTS
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.
Tapping into a National Strategic Industry
With the low-altitude economy slated to be introduced as a key emerging pillar industry in China’s latest five-year plan, covering from 2026 to 2030, alongside semiconductors and intelligent robots, the industry is expected to develop at a sustained pace supported by government initiatives. According to the Civil Aviation Administration of China (“CAAC”), the low altitude economy is expected to grow from CNY 500 billion (USD 72 billion) in 2023 to CNY 3.5 trillion (USD 507 billion) in 2035.
CAAC data indicates that there are already more than 2 million drones registered in China. As the industry continues to grow, the demand for drone-specific insurance is expected to increase alongside the increased number and utilization of drones.
Aligning with Digital-Native Consumption Preferences
Zhibao believes that purchasing insurance online is surging in China, particularly among tech-savvy demographics. A report co-authored by the Research Center for China Insurance and Pension Finance at Tsinghua University’s PBC School of Finance indicates that 84% of Chinese Gen-Z consumers (born after 1995) prefer purchasing insurance online. In the drone sector, meeting this preference for digital speed and accessibility is critical.
Zhibao’s 2B2C model is expected to enable F+More to provide drone users with highly relevant insurance products quickly, efficiently, and at a competitive cost.
The insurance product developed through this collaboration has been intentionally designed to match customer needs. The product provides comprehensive coverage, including drone damage protection, third-party liability coverage, and operator liability coverage. Coverage limits are customizable based on individual customer requirements.
By providing simple and easily understandable coverage options, we believe Zhibao’s implementation streamlines the purchasing process and simplifies decision making for drone operators.
Coverage starts at just CNY 395 (USD 57) per year, providing protection for the full value of the drone in case of loss or damage.
Fast, Digital-first Policy Management
The new insurance module is fully integrated into Zhibao’s PaaS, offering a streamlined user experience:
Instant Activation: Qualified customers can complete applications online, with policies becoming effective as quickly as 15 minutes after payment.
Simple Claims: Claims can be filed digitally through a simplified four-step process.
Customizable Coverage: Plan coverages are modular and can be tailored to specific user needs.
Management Commentary
“The successful launch of our C-end drone insurance product is a pivotal step in our strategic positioning within the low-altitude economy,” said Mr. Xiaowei Le, Chief Operating Officer of Zhibao. “By enriching our product offerings and generating new growth opportunities, we are strengthening our core competitiveness while creating long term value for our shareholders.”
Mr. Botao Ma, Chief Executive Officer of Zhibao, added, “I am pleased to see our relationship with F+More deepen with this new push into individual insurance products. We are leveraging our strengths in the individual and small- and medium-enterprise (SME) segments to help F+More provide more comprehensive and scalable services. The scalability and flexibility of Zhibao’s 2B2C business model and PaaS is well suited to serving individual and SME customers across diverse industries and sectors. I hope this collaboration can serve as a roadmap for our other partners.”
About Zhibao Technology Inc.
Zhibao Technology Inc. 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, utilizes 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.
About Sichuan Fanmo Technology Co., Ltd
Sichuan Fanmo Technology Co., Ltd (F+More), founded in 2015, F+More is steadily advancing with a development strategy of “specialization, standardization, and globalization,” committed to leveraging its accumulated data and algorithmic abilities to address industry pain points, aiming to become a service-leading, objective, fair, and data- & algorithm-driven professional third-party service provider.
F+More has provided coverage for multiple risk scenarios, including inspection, security, surveying and mapping, and has established after-sales cooperation with multiple drone manufacturers.
Its three major products include F+More Feibao, F+More Excellent+, and F+More Cloud E. Among them, F+More Feibao is a drone insurance product that has been continuously operated for over a decade. F+More Excellent+ offers one-stop after-sales solutions for drone insurance to insurance institutions, while F+More Cloud E provides insurance institutions with a precise pricing engine for drone insurance. For more information, please visit: www.fmore.net.
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) 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
Kenya on Monday released from quarantine the first group of people who came into contact with its index Ebola patient, a milestone in its efforts to contain cases to a single infection cluster. Health workers and humanitarian responders on the front lines of the Ebola response gather to receive a vaccination due to their potential
File photo depicting brain health. Chief Executive Officer of the University of Ghana Medical Centre Ltd (UGMC), Dr Abdul-Samed Tanko, has urged Ghanaians to adopt healthier lifestyles, warning that sedentary habits and excessive consumption of fatty foods could endanger their heart and brain health. He said lifestyle choices, including excessive carbohydrate intake, physical inactivity and
News world Israel Elections 2026: Can Netanyahu Hold Onto Power? GFX Last Updated:October 26, 2026, 19:35 IST Israel Elections 2026: Netanyahu faces a challenge from opposition figures seeking to end his time in power. Netanyahu has campaigned heavily on his security credentials, touting the war he launched against Iran in February alongside the United States
BELGRADE, Serbia (AP) — Serbia’s populist strongman Aleksandar Vucic dominated the Balkan country’s politics for 14 years. Then came the students. The long-ruling authoritarian leader on Sunday conceded the defeat of his right-wing Serbian Progressive Party to a grassroots movement of university students in a parliamentary election. The students had led protests for almost two
ANI | Updated: Oct 26, 2026 16:40 IST NewsVoir Hong Kong, October 26: Hong Kong has long been known as the “Hollywood of the East.” Countless Hollywood blockbusters, classic Hong Kong films and popular Asian dramas have been filmed in the city, inspiring many visitors to explore Hong Kong in the footsteps of the silver screen. The
The record was achieved in Bogota, Colombia. Fitness requires strength, balance and control over the body. Some people demonstrate these abilities by performing difficult physical activities. Nestor Santiago Gonzalez Valero from Colombia achieved a Guinness World Records title by holding a single-arm handstand for 1 minute and 54.50 seconds in Bogota, Colombia. According to Guinness
A trader talks to a customer in the trading room of a securities firm in Hà Nội. — VNA/VNS Photo HÀ NỘI — The capital markets are expected to provide around VNĐ10 quadrillion (US$386.5 billion) towards meeting the country’s investment needs during 2026–2030, as the Government targets annual economic growth of at least 10 per
Thai pilot and former Academy Fantasia contestant Teepchalit Phromchana, known as Tee AF6, has died after falling ill during a family trip to China yesterday, October 25. He was taken to a hospital in Beijing but succumbed to his illness, according to a family member. News of Tee’s death emerged after Satdha “Rak” Satdhathip, a
Artificial intelligence is transforming cybersecurity, but it is also creating new risks for businesses, governments and financial markets. Under Sam Altman’s leadership, OpenAI has helped bring advanced AI tools into mainstream use through ChatGPT. However, as AI systems become increasingly capable of identifying software vulnerabilities and executing complex tasks, concerns about cyberattacks are beginning to
Nile Air, Egypt’s largest private airline, has appointed Aeroprime Group as its Passenger General Sales Agent (GSA) in the United Kingdom, effective November 1, 2026. The appointment forms part of the airline’s efforts to expand its distribution network, strengthen travel trade relationships and develop its commercial presence in the UK market. Under the agreement, Aeroprime
Aktsiaselts Infortar acquired its own shares on the Nasdaq Tallinn Stock Exchange during the period of 19 October – 23 October 2026 as follows: Date Aggregated volume (pcs) Weighted average price per day (EUR) 19.10.2026 195 65,0154 20.10.2026 242 65,3025 21.10.2026 240 68,9167 22.10.2026 244 68,6459 23.10.2026 246 67,8407 Aktsiaselts Infortar is acquiring its own shares
Billionaire Ken Griffin’s Citadel Advisors has been increasing its stake in drugmaker AbbVie (NYSE: ABBV) in recent months. In the second quarter, Citadel purchased 2.7 million shares of AbbVie at an average price of $234.57, for a total investment of about $633 million. That takes Citadel’s stake in AbbVie to 3.2 million shares, worth $909
US President Donald Trump once again threw his weight behind incumbent Israeli Prime Minister Benjamin Netanyahu ahead of Israel elections tomorrow, reiterating his endorsement of the Israeli leader, asking citizens to “vote for Bibi for PM.” Israeli Prime Minister Benjamin Netanyahu and United States President Donald Trump. (REUTERS/FILE) In his latest post on Truth Social,
Venezuelan opposition leader Maria Corina Machado returned to Caracas in a surprise move that could pose the biggest test yet to acting President Delcy Rodriguez’s political opening and the Trump administration’s strategy for post-Maduro Venezuela. “I’m here, with you,” Machado posted on X on Sunday, confirming her return after months abroad. Estoy aquí. Con ustedes
Brasilia: President Luiz Inacio Lula da Silva came from behind to win Brazil’s runoff election, halting a right-wing wave sweeping Latin America and defying predictions that the 80-year-old political veteran had finally reached the end of his extraordinary career. The electoral court declared Lula the victor with 51.8 per cent versus 48.2 per cent for Flavio
Earlier this month, we shared a list of the creepiest places in the US, as told by people who experienced them firsthand. Now, let’s open it up to the whole world. Here are 76 of the scariest, darkest, and most unsettling cities, towns, and other destinations from all around the globe: Hey, you! Have you
President Trump’s gambit to end Russia’s war in Ukraine by pressuring the victim is certain to fail. His approach to the war reveals he misunderstands facts that American voters understand well. Vladimir Putin and Donald Trump in Anchorage, Alaska, Aug. 15, 2025. While Vladimir Putin ignores Mr. Trump’s call for an energy cease-fire and continues
Planning a trip? California is home to three of the nation’s best big cities, according to Condé Nast Traveler. Condé Nast Traveler readers recently picked the top 10 best large cities in the United States in 2026, highlighting destinations with top-notch restaurant, bar and hotel scenes. “Go beyond what you might expect, and you’ll find
Elon Musk just promised millions of people a gift. On Monday, the co-founder and CEO of Tesla (NASDAQ: TSLA) and Space Exploration Technologies (NASDAQ: SPCX) wrote in a post at X — the social media platform formerly known as Twitter — “Next year, I will give one of my SpaceX shares to every kid in
A quarterly revenue report that missed Wall Street expectations sent Carpenter Technology (NYSE:CRS) tumbling 22.5% this week, overshadowing an earnings beat. Carpenter Technology stock changed hands at $292.26 as of the close on Friday, Oct. 23, down 24.5% this week from Friday, Oct. 16’s close, according to data provided by S&P Global Market Intelligence. Over
