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Zhibao Technology Launches Drone Insurance Solution for Individual Operators, Strengthening Position in China's Low-Altitude Economy
KEY HIGHLIGHTS Strategic Milestone: Zhibao Technology Inc. (NASDAQ: ZBAO) ("Zhibao," "we," or the "Company") and Sichuan Fanmo Technology Co., Ltd. ("F+More")
About this update from Zhibao Technology Inc.
[{"type":"text","content":"KEY HIGHLIGHTS\n\nStrategic Milestone: Zhibao Technology Inc. (NASDAQ: ZBAO) (\"Zhibao,\" \"we,\" or the \"Company\") and Sichuan Fanmo Technology Co., Ltd. (\"F+More\") have partnered to offer a specialized insurance product directly to individual drone pilots for the first time.\nNationally Strategic Industry: Currently an RMB 500 billion industry, the low-altitude economy is expected to be named an emerging pillar industry in China's 15th Five-Year Plan and grow at a meaningful pace with demonstrated government support.\n2B2C Expansion: Leveraging Zhibao's proprietary Platform-as-a-Service (PaaS), the partnership is expected to transition F+More's established 2B market expertise in drone servicing into a scalable 2C solution.\nDigital Innovation: Features a mobile-friendly, fully online purchasing process, allowing consumers to secure coverage instantly from their mobile devices.\nCompetitive Global Pricing: Comprehensive annual coverage for the full value of a drone starts at approximately CNY 395 (USD 57) per year.\n\nShanghai, China--(Newsfile Corp. - March 11, 2026) - Zhibao Technology Inc. (NASDAQ: ZBAO) (\"Zhibao,\" \"we,\" or the \"Company\"), a leading high-growth InsurTech company and pioneer of the 2B2C digital embedded insurance model in China, today announced the launch of a new online insurance product designed to cover individual (C-end) drone users. Developed in collaboration with Sichuan Fanmo Technology Co., Ltd. (\"F+More\"), a leading drone service provider in China, this launch represents a strategic breakthrough for Zhibao in the rapidly expanding low-altitude economy.\nTapping into a National Strategic Industry\nWith the low-altitude economy slated to be introduced as a key emerging pillar industry in China's latest five-year plan, covering from 2026 to 2030, alongside semiconductors and intelligent robots, the industry is expected to develop at a sustained pace supported by government initiatives. According to the Civil Aviation Administration of China (\"CAAC\"), the low altitude economy is expected to grow from CNY 500 billion (USD 72 billion) in 2023 to CNY 3.5 trillion (USD 507 billion) in 2035.\nCAAC data indicates that there are already more than 2 million drones registered in China. As the industry continues to grow, the demand for drone-specific insurance is expected to increase alongside the in...