• Strategic Acquisition: Zhibao Technology Inc. (NASDAQ:ZBAO) ("Zhibao," "we," or the "Company") has signed a non-binding Letter of Intent (LOI) to acquire MeVX, a non-custodial multi-chain trading terminal specializing in on-chain assets and meme-asset trading scenarios.
  • Feature-Rich On-Chain Platform: MeVX supports trading across major blockchains and connects to third-party decentralized trading infrastructure. It provides a consumer-facing tool suite featuring advanced options to users.
  • Established User Base & Regional Reach: MeVX boasts approximately 2 million users, sticky deposits of $8 million, and localized operations in Vietnam serving as a foundation for broader Southeast Asian expansion.

New York, New York--(Newsfile Corp. - September 23, 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 that it has entered into a non-binding Letter of Intent (LOI) to acquire MeVX.

The LOI represents the preliminary understanding reached between Zhibao and MeVX with respect to the proposed transaction. The transaction will be subject to due diligence, audit and other customary procedures, compliance with applicable PRC and U.S. SEC legal and regulatory requirements, completion of Zhibao's De-Classification Restructuring, such that Zhibao ceases to be regarded as a domestic enterprise issuing and listing its securities outside China for the purposes of the CSRC Filing Measures and is no longer subject to the filing requirements thereunder (if necessary). Upon and subject to the satisfaction of the foregoing, the transaction shall be formalized by a definitive purchase agreement, which is currently expected to be executed within the next 12 months

About MeVX and On-Chain Infrastructure MeVX is a non-custodial, multi-chain trading terminal and analytics platform built specifically for on-chain crypto users. Unlike centralized exchanges, MeVX operates as a non-custodial platform connecting directly to underlying decentralized trading protocol infrastructure across major networks including Solana, Ethereum, BNB Chain, and Base.

To date, MeVX has accumulated approximately 2 million users and $8 million in sticky deposits. The platform has completed Vietnamese-language localization and active community operations in Vietnam, establishing an operational foundation for further expansion across Southeast Asia.