Zhibao Technology shares rise 10.28% after-hours after appointing three executives to strengthen operations and drive expansion.

Zhibao Technology Inc. rose 10.28% in after-hours trading following the announcement of three new executive appointments, including Xiaowei Le as Chief Operating Officer, Xiao Luo as Chief Marketing Officer, and Guangtong Ren as Chief Actuary. The hires, effective December 1, 2025, highlight the company’s strategic focus on strengthening operational execution and expansion. Mr. Le, with over 20 years in insurance leadership, previously drove 70% year-over-year revenue growth at Zhibao China. Mr. Luo, a co-founder, brings decade-long industry experience to bolster marketing and partnerships. Mr. Ren, an actuarial expert with a background at AIG and Ping An, will oversee product development and risk management. CEO Botao Ma emphasized these appointments align with the company’s 10-year growth roadmap, signaling confidence in scaling its digital insurance brokerage platform. The leadership changes, coupled with the executives’ track records, were interpreted as a vote of confidence in Zhibao’s future performance.