{"success":true,"data":{"pressRelease":{"id":"164674","rtpr_id":"nNFC1QrYRp-20261008","ticker":"ZBAO","exchange":"NASDAQ","all_tickers":["ZBAO"],"title":"Zhibao Technology Inc. Announces Reverse Share Split","author":"Newsfile Corp","published_at":"2026-10-08T15:40:16.379Z","article_body":"Shanghai, China--(Newsfile Corp. - October 8, 2026) - Zhibao Technology Inc.\n(NASDAQ: ZBAO) (“Zhibao” or the “Company”), today announced that it\nwill proceed with a 1-for-50 reverse stock split (“Reverse Share Split”)\nof its Class A ordinary shares following approval by shareholders at an\nextraordinary general meeting of shareholders held on September 29, 2026.\n\nThe Reverse Share Split is expected to become effective on October 12, 2026\nand the Company’s Class A ordinary shares are expected to begin trading on a\npost-split basis at the market open on October 12, 2026 under the same symbol\n“ZBAO” with the new CUSIP number G989MC114.\n\nWhen the Reverse Share Split is effective, every 50 Class A ordinary shares\nwill be combined automatically into one Class A ordinary share. As a result of\nthe Reverse Share Split, the par value of the Class A ordinary shares\nincreased from $0.0001 per share to $0.005 per share. The Reverse Share Split\nwill apply equally to all Class A ordinary shares, and each shareholder will\nhold the same percentage of Class A ordinary shares outstanding immediately\nfollowing the Reverse Share Split, except for adjustments that may result from\nthe treatment of fractional shares. Fractional shares will be rounded up to\nthe next whole share, and proportionate adjustments will be made to equity\nplans. Additionally, all equity awards outstanding immediately prior to the\nReverse Share Split will be proportionately adjusted. Outstanding warrants and\nother convertible securities will be adjusted in accordance with the terms and\nconditions of such documents.\n\nContinental Stock Transfer & Trust Co. is acting as the transfer agent for the\nReverse Share Split. Shareholders holding their shares electronically in\nbook-entry form are not required to take any action to receive post-split\nshares. Shareholders owning shares through a bank, broker or other nominee\nwill have their positions adjusted to reflect the Reverse Share Split.\n\nAdditional information about the Reverse Share Split can be found in the\nCompany’s Notice and Proxy Statement on Report on Form 6-K, which was filed\nwith the Securities and Exchange Commission (the “SEC”) on September 9,\n2026, with a filing date of September 10, 2026.\n\nAbout Zhibao Technology Inc.\n\nZhibao Technology Inc. is a leading and high-growth InsurTech company\nprimarily engaging in providing digital insurance brokerage services through\nits operating entities. 2B2C (\"to-business-to-customer\") digital embedded\ninsurance is the Company's innovative business model, which Zhibao pioneered\nin China. Zhibao launched the first digital insurance brokerage platform in\nChina in 2020, powered by its proprietary PaaS (\"Platform as a Service\").\nZhibao has developed over 40 proprietary digital insurance solutions\naddressing different scenarios in a wide range of industries, including\ntravel, sports, logistics, utilities, and e-commerce. For more information,\nplease visit: ir.zhibao-tech.com\n(https://api.newsfilecorp.com/redirect/kXGqxIQ4ea).\n\nForward-Looking Statements \n\nStatements in this press release about future expectations, plans and\nprospects, as well as any other statements regarding matters that are not\nhistorical facts, may constitute \"forward-looking statements\" within the\nmeaning of The Private Securities Litigation Reform Act of 1995. The words\n\"anticipate,\" \"believe,\" \"continue,\" \"could,\" \"estimate,\" \"expect,\" \"intend,\"\n\"may,\" \"plan,\" \"is/are likely to,\" \"potential,\" \"predict,\" \"project,\"\n\"should,\" \"target,\" \"will,\" \"would\" and similar expressions are intended to\nidentify forward-looking statements, although not all forward-looking\nstatements contain these identifying words. The Company undertakes no\nobligation to update or revise publicly any forward-looking statements to\nreflect subsequent occurring events or circumstances, or changes in its\nexpectations that arise after the date hereof, except as may be required by\nlaw. These statements are subject to uncertainties and risks including, but\nnot limited to, the uncertainties related to market conditions, the receipt of\nshareholder approval, the satisfaction of post-closing covenants, and other\nfactors discussed in the \"Risk Factors\" section of our annual reports on Form\n20-F (as amended) and registration statements on Form F-1 (as amended) that\nhave been filed or will be filed from time to time with the SEC. Although the\nCompany believes that the expectations expressed in these forward-looking\nstatements are reasonable, it cannot assure you that such expectations will\nturn out to be correct, and the Company cautions investors that actual results\nmay differ materially from the anticipated results and encourages investors to\nreview other factors that may affect its future results in the Company's\nregistration statements and other filings with the SEC. Additional factors are\ndiscussed in the Company's filings with the SEC, which are available for\nreview at www.sec.gov.\n\nInvestor Relations Contact\nZhibao Technology Inc.
\nInvestor Relations
Office\nEmail: ir@zhibao-tech.com\n\nSkyline Corporate Communications Group, LLC
Scott Powell, President
\nAvenues Tower
1177 Avenue of the Americas, 5th floor
New York, NY 10036
\nOffice: (646) 893-5835
\nEmail: info@skylineccg.com\n\n \n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/318096","article_body_html":"","raw_payload":{"data":{"id":"nNFC1QrYRp-20261008","title":"Zhibao Technology Inc. Announces Reverse Share Split","author":"Newsfile Corp","ticker":"ZBAO","created":"2026-10-08T15:40:16.379Z","tickers":["ZBAO"],"exchange":"NASDAQ","article_body":"Shanghai, China--(Newsfile Corp. - October 8, 2026) - Zhibao Technology Inc.\n(NASDAQ: ZBAO) (“Zhibao” or the “Company”), today announced that it\nwill proceed with a 1-for-50 reverse stock split (“Reverse Share Split”)\nof its Class A ordinary shares following approval by shareholders at an\nextraordinary general meeting of shareholders held on September 29, 2026.\n\nThe Reverse Share Split is expected to become effective on October 12, 2026\nand the Company’s Class A ordinary shares are expected to begin trading on a\npost-split basis at the market open on October 12, 2026 under the same symbol\n“ZBAO” with the new CUSIP number G989MC114.\n\nWhen the Reverse Share Split is effective, every 50 Class A ordinary shares\nwill be combined automatically into one Class A ordinary share. As a result of\nthe Reverse Share Split, the par value of the Class A ordinary shares\nincreased from $0.0001 per share to $0.005 per share. The Reverse Share Split\nwill apply equally to all Class A ordinary shares, and each shareholder will\nhold the same percentage of Class A ordinary shares outstanding immediately\nfollowing the Reverse Share Split, except for adjustments that may result from\nthe treatment of fractional shares. Fractional shares will be rounded up to\nthe next whole share, and proportionate adjustments will be made to equity\nplans. Additionally, all equity awards outstanding immediately prior to the\nReverse Share Split will be proportionately adjusted. Outstanding warrants and\nother convertible securities will be adjusted in accordance with the terms and\nconditions of such documents.\n\nContinental Stock Transfer & Trust Co. is acting as the transfer agent for the\nReverse Share Split. Shareholders holding their shares electronically in\nbook-entry form are not required to take any action to receive post-split\nshares. Shareholders owning shares through a bank, broker or other nominee\nwill have their positions adjusted to reflect the Reverse Share Split.\n\nAdditional information about the Reverse Share Split can be found in the\nCompany’s Notice and Proxy Statement on Report on Form 6-K, which was filed\nwith the Securities and Exchange Commission (the “SEC”) on September 9,\n2026, with a filing date of September 10, 2026.\n\nAbout Zhibao Technology Inc.\n\nZhibao Technology Inc. is a leading and high-growth InsurTech company\nprimarily engaging in providing digital insurance brokerage services through\nits operating entities. 2B2C (\"to-business-to-customer\") digital embedded\ninsurance is the Company's innovative business model, which Zhibao pioneered\nin China. Zhibao launched the first digital insurance brokerage platform in\nChina in 2020, powered by its proprietary PaaS (\"Platform as a Service\").\nZhibao has developed over 40 proprietary digital insurance solutions\naddressing different scenarios in a wide range of industries, including\ntravel, sports, logistics, utilities, and e-commerce. For more information,\nplease visit: ir.zhibao-tech.com\n(https://api.newsfilecorp.com/redirect/kXGqxIQ4ea).\n\nForward-Looking Statements \n\nStatements in this press release about future expectations, plans and\nprospects, as well as any other statements regarding matters that are not\nhistorical facts, may constitute \"forward-looking statements\" within the\nmeaning of The Private Securities Litigation Reform Act of 1995. The words\n\"anticipate,\" \"believe,\" \"continue,\" \"could,\" \"estimate,\" \"expect,\" \"intend,\"\n\"may,\" \"plan,\" \"is/are likely to,\" \"potential,\" \"predict,\" \"project,\"\n\"should,\" \"target,\" \"will,\" \"would\" and similar expressions are intended to\nidentify forward-looking statements, although not all forward-looking\nstatements contain these identifying words. The Company undertakes no\nobligation to update or revise publicly any forward-looking statements to\nreflect subsequent occurring events or circumstances, or changes in its\nexpectations that arise after the date hereof, except as may be required by\nlaw. These statements are subject to uncertainties and risks including, but\nnot limited to, the uncertainties related to market conditions, the receipt of\nshareholder approval, the satisfaction of post-closing covenants, and other\nfactors discussed in the \"Risk Factors\" section of our annual reports on Form\n20-F (as amended) and registration statements on Form F-1 (as amended) that\nhave been filed or will be filed from time to time with the SEC. Although the\nCompany believes that the expectations expressed in these forward-looking\nstatements are reasonable, it cannot assure you that such expectations will\nturn out to be correct, and the Company cautions investors that actual results\nmay differ materially from the anticipated results and encourages investors to\nreview other factors that may affect its future results in the Company's\nregistration statements and other filings with the SEC. Additional factors are\ndiscussed in the Company's filings with the SEC, which are available for\nreview at www.sec.gov.\n\nInvestor Relations Contact\nZhibao Technology Inc.
\nInvestor Relations
Office\nEmail: ir@zhibao-tech.com\n\nSkyline Corporate Communications Group, LLC
Scott Powell, President
\nAvenues Tower
1177 Avenue of the Americas, 5th floor
New York, NY 10036
\nOffice: (646) 893-5835
\nEmail: info@skylineccg.com\n\n \n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/318096"},"type":"article","timestamp":"2026-10-08T15:40:16.430281501Z","server_sent_at_ms":1791474016430},"received_at":"2026-10-08T15:40:16.482Z","source_url":"https://www.newsfilecorp.com/release/318096"},"analysis":{"id":"153084","press_release_id":"164674","analysis_json":{"industry":{"label":"Insurance Brokers","sector":"Financials"},"redFlags":["extreme 1-for-50 reverse split ratio signals likely Nasdaq minimum bid price compliance issues","reverse splits frequently precede further share-price weakness"],"eventType":"reverse_split","narrative":"Zhibao Technology will proceed with a 1-for-50 reverse split of its Class A ordinary shares, effective at market open on October 12, 2026, under the same ticker ZBAO.\n\nThe split was approved by shareholders at a September 29, 2026 extraordinary general meeting; par value rises from $0.0001 to $0.005 per share, and warrants, equity awards, and convertible securities will be proportionately adjusted.\n\nA 1:50 ratio signals a severely depressed share price, likely tied to Nasdaq minimum-bid-price compliance, and reverse splits of this magnitude frequently precede continued listing pressure.","sentiment":"bearish","agentHooks":{"shouldPost":true,"suggestedAngle":"1-for-50 reverse split effective Oct 12 -- extreme consolidation raises listing-compliance and credibility concerns for this China-based InsurTech."},"keyFigures":{"customDimensions":{"effective_date":"2026-10-12","par_value_after":"$0.005","par_value_before":"$0.0001","reverse_split_ratio":"1-for-50"}},"quotedText":"every 50 Class A ordinary shares will be combined automatically into one Class A ordinary share","namedEntities":{"people":[{"name":"Scott Powell","role":"President, Skyline Corporate Communications Group (IR contact)"}],"products":["PaaS digital insurance brokerage platform"],"companies":[{"name":"Zhibao Technology Inc.","ticker":"ZBAO","relationship":"filer"},{"name":"Continental Stock Transfer & Trust Co.","relationship":"transfer agent"},{"name":"Skyline Corporate Communications Group, LLC","relationship":"investor relations"}],"dollarAmounts":[]},"materialImpact":{"score":4,"reasoning":"A 1-for-50 reverse split is an extreme consolidation ratio (well above 1:10), typically signaling Nasdaq listing compliance pressure or a deeply depressed share price."},"tickerRelevance":{"others":[],"primary":"ZBAO"},"globalImportance":18,"audienceRelevance":12,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap foreign issuer","eventGravity":"extreme reverse split ratio","complianceSignal":"probable listing-compliance driven"}},"event_type":"reverse_split","event_type_secondary":null,"sentiment":"bearish","material_impact_score":4,"narrative":"Zhibao Technology will proceed with a 1-for-50 reverse split of its Class A ordinary shares, effective at market open on October 12, 2026, under the same ticker ZBAO.\n\nThe split was approved by shareholders at a September 29, 2026 extraordinary general meeting; par value rises from $0.0001 to $0.005 per share, and warrants, equity awards, and convertible securities will be proportionately adjusted.\n\nA 1:50 ratio signals a severely depressed share price, likely tied to Nasdaq minimum-bid-price compliance, and reverse splits of this magnitude frequently precede continued listing pressure.","key_figures":{"customDimensions":{"effective_date":"2026-10-12","par_value_after":"$0.005","par_value_before":"$0.0001","reverse_split_ratio":"1-for-50"}},"named_entities":{"people":[{"name":"Scott Powell","role":"President, Skyline Corporate Communications Group (IR contact)"}],"products":["PaaS digital insurance brokerage platform"],"companies":[{"name":"Zhibao Technology Inc.","ticker":"ZBAO","relationship":"filer"},{"name":"Continental Stock Transfer & Trust Co.","relationship":"transfer agent"},{"name":"Skyline Corporate Communications Group, LLC","relationship":"investor relations"}],"dollarAmounts":[]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-08T15:40:22.694Z","global_importance":18,"audience_relevance":12,"importance_components":{"tickerTier":"small-cap foreign issuer","eventGravity":"extreme reverse split ratio","complianceSignal":"probable listing-compliance driven"}},"durationMs":6197,"modelName":"glm-5.3-flashx"}}