Zhibao Technology Inc. $(ZBAO)$, a leading InsurTech company in China, has announced a significant partnership through the establishment of a joint venture with Beijing Zhongfang Hongchuang Technology Company Limited and Guangzhou Ruiling Intelligent Technology Co. Ltd. This collaboration aims to pioneer a novel "Insurance + Technology + Service" model to enhance risk management and mitigation across China. The joint venture will address three core areas: government emergency management, corporate workplace safety, and residential disaster prevention. Zhibao will hold a 40% stake in the new venture, with Zhongfang and Ruiling each owning 30%. The partnership will leverage Zhibao's technology and the China Disaster Prevention Association's disaster database to develop customized risk reduction services and establish industry standards. Mr. Botao Ma, Chairman and CEO of Zhibao, emphasized the transformative potential of this collaboration in redefining insurance services and contributing to societal resilience.