Zhibao to replace CEO, CFO as investors nominate new board slate after PIPE closing

• Zhibao outlined a management overhaul tied to a PIPE financing slated to close within 12 business days of July 31.
• Board to be reset to five directors at closing; four incumbent directors to resign.
• Current chief executive officer and chief financial officer to resign; investors to designate a new CEO and CFO.
• Chairman and CEO Botao Ma to remain on the board as a director.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zhibao Technology Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202607310830NEWSFILECNPR____20260731_307433_1) on July 31, 2026, and is solely responsible for the information contained therein.