Core Insights - Zhibao Technology Inc. has launched a new online insurance product for individual drone users, marking a strategic breakthrough in the low-altitude economy [1] - The low-altitude economy is projected to grow from CNY 500 billion (USD 72 billion) in 2023 to CNY 3.5 trillion (USD 507 billion) by 2035, supported by government initiatives [2] - The demand for drone-specific insurance is expected to rise alongside the increasing number of registered drones in China, which exceeds 2 million [3] Industry Overview - The low-altitude economy is recognized as a key emerging pillar industry in China's latest five-year plan, alongside sectors like semiconductors and intelligent robots [2] - Government support is anticipated to drive sustained growth in this sector [2] Consumer Trends - A significant 84% of Chinese Gen-Z consumers prefer purchasing insurance online, highlighting a shift towards digital-native consumption [4] - The new insurance product is designed to meet the digital preferences of consumers, emphasizing speed and accessibility [4] Product Features - The insurance product offers comprehensive coverage, including drone damage protection, third-party liability, and operator liability, with customizable coverage limits [5] - Coverage starts at CNY 395 (USD 57) per year, providing protection for the full value of the drone in case of loss or damage [6] - The purchasing process is streamlined, allowing for instant activation of policies within 15 minutes after payment [14] Strategic Partnerships - Zhibao has partnered with Sichuan Fanmo Technology Co., Ltd. (F+More) to leverage its expertise in the drone servicing market and transition to a scalable 2C solution [1][13] - This collaboration aims to enhance service offerings for individual and SME customers across various industries [7] Technological Integration - The new insurance module is fully integrated into Zhibao's Platform-as-a-Service (PaaS), providing a seamless user experience [7] - The company utilizes big data and AI technology to continuously improve its digital insurance solutions [9]

As filed with the Securities and Exchange Commission on September 26, 2025. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 To FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Zhibao Technology Inc. (Exact name of Registrant as specified in its charter) Not Applicable Floor 3, Building 6, Wuxing Road, Lane 727 Pudong New Area, Shanghai 201204 Tel: +86 (21) -5089-6502 (Address, including zip code, and telephone number, including area code, of Registrant ...

As filed with the Securities and Exchange Commission on September 9, 2025. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Zhibao Technology Inc. (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) Cayman Islands 6411 Not Applicable Registration No. 333-[ ] (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial (I.R.S. ...