• Zhibao Technology named Jun Xu as an independent director at wholly owned unit Zhibao Labuan Reinsurance.
• The Malaysia-incorporated subsidiary holds a general reinsurance license granted in July 2025.
• Zhibao Labuan received an AM Best financial strength rating of B+ and a long-term issuer credit rating of bbb- in November 2025, both with a stable outlook.
• The subsidiary was founded in April 2025 to reinsure a share of business generated by Zhibao’s China operating entities.
• Zhibao Labuan had not started operations as of the announcement.

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 on May 22, 2026, and is solely responsible for the information contained therein.