Zhibao Technology sells USD 1 million senior secured convertible note in private placement

• Zhibao Technology priced a third closing in its private placement of senior secured convertible notes, selling a USD 1 million note for USD 900,000.
• The financing is part of a USD 6.67 million aggregate principal facility, reflecting a 10% original issue discount.
• September 17 amendment removed the conversion floor price and related cash true-up payments across the notes issued under the facility.
• The new note’s conversion feature has no floor price, but share issuance is capped at 35,941,170 Class A ordinary shares.
• If the share cap is reached, the note must be repaid at 125% of outstanding amounts; it also requires 12 equal monthly installments.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zhibao Technology Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-100775), on September 17, 2026, and is solely responsible for the information contained therein.