"Tech company Zhizhibao's planned IPO in the U.S. has been filed with the China Securities Regulatory Commission and is intended to be listed on NASDAQ."

On October 19th, the International Cooperation Department of the China Securities Regulatory Commission (CSRC) issued a notice regarding the overseas issuance and listing filing of Zhibao Technology Inc. (Zhibao Cayman Limited). Zhibao Technology intends to issue no more than 2.5 million common shares and list them on the Nasdaq stock exchange in the United States. In the notice, the CSRC pointed out that if any significant events occur during the period from the issuance of the filing notice to the end of the overseas issuance and listing, Zhibao Technology should report them through the CSRC's filing management information system in accordance with the relevant regulations for domestic companies conducting overseas issuance and listing. Furthermore, within 15 working days after completing the overseas issuance and listing, Zhibao Technology should report the issuance and listing situation through the CSRC's filing management information system. The company is also required to strictly comply with relevant domestic and foreign laws, regulations, and rules during the process of overseas issuance and listing. Additionally, if Zhibao Technology fails to complete the overseas issuance and listing within 12 months from the date of this filing notice, but intends to continue with the plan, it should update the filing materials. According to the information, Zhibao Technology was established in 2015 with the aim of redefining insurance brokerage services through "technology + insurance brokerage." The company's official website states that Zhibao Technology provides tailored digital insurance solutions for B-end channels, including a wide range of industries and organizations such as internet platforms, large and medium-sized enterprises, and government agencies. These solutions are integrated into the existing business matrix of the channels to provide digital insurance brokerage services to C-end customers. In terms of insurance industry total underwriting agency (MGU) business, Zhibao Technology can assist insurance companies in product design, underwriting, risk control, claims, reinsurance, sales, and supplier management in the health insurance field. It is worth noting that the company secretly submitted documents to the U.S. Securities and Exchange Commission (SEC) on March 23, 2023. Prior to the IPO, the company completed three rounds of financing, with investors including Koala Fund, Hongxin Capital, Pangu Wealth, and 1898 Venture Capital, among others.