Zhibao Technology To Form Joint Venture With 'CDPA' Subsidiary And 'Ruiling', Holding 40% Stake, To Develop "Insurance + Technology + Service" Risk Management Model Targeting Government, Corporate, And Residential Disaster Prevention Across China

Author: Benzinga Newsdesk | August 12, 2025 08:21am

Zhibao Technology Inc. (NASDAQ:ZBAO) ("Zhibao," "we," or the "Company"), a leading and high growth InsurTech company primarily engaging in providing digital insurance brokerage services through its operating entities in China, today announced the signing of an agreement to collaborate on establishing a joint venture ("JV") company, to be formed, with Beijing Zhongfang Hongchuang Technology Company Limited ("Zhongfang"), a wholly-owned subsidiary of the China Disaster Prevention Association ("CDPA"), and Guangzhou Ruiling Intelligent Technology Co. Ltd. ("Ruiling"). Though this JV, the parties agree to establish a long-term, strategic relationship aimed at jointly developing an innovative "Insurance + Technology + Service" model to deepen cooperation in the field of risk reduction services across China.

The parties will focus on enhancing risk management and mitigation services across three core scenarios: government emergency management, corporate workplace safety, and residential disaster prevention and reduction.

Under the agreement, the Company will own 40% of the shares of the JV, while Zhongfang will own 30% and Ruiling will own the remaining 30%.

During the meeting relating to the establishment of the JV, all parties agreed to a multi-faceted cooperation, to be included in a future strategic partnership agreement, including:

• Integrated Product Development: Combining Zhibao's technology and risk management expertise with the CDPA's extensive disaster database resources to develop customized risk reduction service offerings.
• Digital Service Ecosystem: Co-developing a comprehensive digital service system that provides an end-to-end workflow - from monitoring and early warning signals to risk assessment, insurance coverage, and post-disaster recovery. Initial focus areas will include geological disasters, urban waterlogging, and production safety.
• Market Activation: Jointly hosting industry summits and disaster prevention technology forums to stimulate the risk management services market, utilizing the CDPA's extensive industry network and Zhibao's established channel partnerships.
• Innovation Funding: Collaborating with financial institutions to launch dedicated funds supporting the research and development of disaster monitoring equipment, innovation in risk reduction services, and the construction of intelligent disaster prevention platforms.
• Industry Standardization: Working together with industry associations and research institutions to establish robust standards for risk management services, products, and supply chains.

Posted In: ZBAO