Zhibao Technology Class A Ordinary SharesNASDAQ: ZBAO

NEW YORK, July 03, 2024 (GLOBE NEWSWIRE) -- Diamond Equity Research, a leading equity research firm with a focus on small capitalization public companies has released Update Note on Zhibao Technology Inc. (NASDAQ: ZBAO). The update note includes information on the Zhibao Technology Inc.'s management commentary, recent developments, outlook, and risks.

Shanghai, China--(Newsfile Corp. - June 28, 2024) - 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 its unaudited financial results for the six months ended December 31, 2023. Recent Developments On April 3, 2024, the Company closed its initial public offering ("Offering") of 1,500,000 Class A ordinary shares at a public offering price of $4.00 per share for aggregate gross proceeds of $6,000,000, before deducting underwriting discounts and offering expenses.