Zhibao Technology shares rise 11.95% intraday after announcing new executive appointments to drive growth.

Zhibao Technology Inc. surged 11.95% intraday after announcing the appointment of three senior executives to strengthen its leadership ahead of a strategic expansion phase. The new Chief Operating Officer, Xiaowei Le, brings over two decades of insurance industry experience, including roles at major Chinese insurers, while co-founder Xiao Luo transitions to Chief Marketing Officer to drive brand expansion. Guangtong Ren, a seasoned actuary with expertise in corporate finance and risk management, was named Chief Actuary, overseeing product development and the Labuan reinsurance subsidiary. The appointments underscore Zhibao’s commitment to scaling its digital insurance brokerage operations, as highlighted by CEO Botao Ma, who emphasized the team’s role in executing the company’s 10-year growth roadmap. The leadership changes follow a 70% year-over-year revenue surge in Zhibao China, reinforcing investor confidence in the firm’s operational capabilities and long-term ambitions.