Exhibit 99.3

ZHONGLIAN JINAN INSURANCE BROKERAGE CO., LTD.

INDEX TO FINANCIAL INFORMATION 

	Page
Unaudited Interim Condensed Balance Sheets as of December 31,2024	F-2
Unaudited Interim Condensed Statements of Operations and Comprehensive Loss for the Six Months Ended December 31, 2023 and 2024	F-3
Notes to Unaudited Interim Condensed Financial Statements	F-4

F-1

ZHONGLIAN JINAN INSURANCE BROKERAGE CO., LTD.

UNAUDITED INTERIM CONDENSED BALANCE SHEETS

AS OF DECEMBER 31, 2024

(Amounts in Renminbi (“RMB”) and U.S. dollars (“US$”))

	As of June 30, 2024			As of December 31, 2024			As of December 31, 2024
	RMB			RMB			US$  (Note 2)
ASSETS
Current Assets
Cash and cash equivalents		22,825,452			14,717,018			2,016,223
Restricted cash		3,770,651			2,687,118			368,134
Accounts receivable, net		16,236,635			23,413,972			3,207,701
Due from related parties		3,427,899			2,087,323			285,962
Prepaid expenses and other current assets, net		9,635,826			6,419,278			879,437
Total Current Assets		55,896,463			49,324,709			6,757,457
Property and equipment, net		6,121,029			6,173,990			845,833
Operating lease right of use assets		397,399			267,051			36,586
Restricted cash, noncurrent		5,000,000			5,000,000			684,997
Other non-current assets		-			1,022			140
Total Non-Current Assets		11,518,428			11,442,063			1,567,556
Total Assets		67,414,891			60,766,772			8,325,013
LIABILITIES, AND SHAREHOLDERS’ EQUITY
Current Liabilities
Accounts payable		28,526,879			47,738,519			6,540,150
Income tax payable		1,671,692			126,988			17,397
Operating lease liabilities, current		213,988			168,834			23,130
Accrued expenses and other liabilities		22,182,490			19,916,500			2,728,549
Total Current Liabilities		52,595,049			67,950,841			9,309,226
Operating lease liabilities, noncurrent		124,911			71,217			9,757
Deferred tax liabilities		1,424,323			2,538,641			347,792
Total Non-current Liabilities		1,549,234			2,609,858			357,549
Total Liabilities		54,144,283			70,560,699			9,666,775
Commitments and contingencies
Shareholders’ Equity
Paid-in capital		50,000,000			50,000,000			6,849,972
Accumulated deficit		(36,729,392	)		(59,793,927	)		(8,191,734	)
Total Shareholders’ Equity		13,270,608			(9,793,927	)		(1,341,762	)
Total Liabilities and Shareholders’ Equity		67,414,891			60,766,772			8,325,013

The accompanying notes are an integral part of the unaudited interim condensed financial statements.

F-2

ZHONGLIAN JINAN INSURANCE BROKERAGE CO., LTD.

UNAUDITED INTERIM CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

FOR THE SIX MONTHS ENDED DECEMBER 31, 2023 and 2024

(Amounts in Renminbi (“RMB”) and U.S. dollars (“US$”))

	For the Six Months Ended December 31,
	2023			2024			2024
	RMB			RMB			US$ (Note 2)
Revenues		94,188,367			91,924,671			12,593,628
Cost of revenues		(75,480,159	)		(80,896,153	)		(11,082,728	)
Gross profit		18,708,208			11,028,518			1,510,900
Operating expenses
Selling and marketing expenses		(7,723,400	)		(19,092,457	)		(2,615,656	)
General and administrative expenses		(16,776,860	)		(15,051,486	)		(2,062,045	)
Total operating expenses		(24,500,260	)		(34,143,943	)		(4,677,701	)
Loss from operations		(5,792,052	)		(23,115,425	)		(3,166,801	)
Interest income, net		35,870			11,142			1,526
Other income, net		112,660			151,705			20,783
Loss Before Income Taxes		(5,643,522	)		(22,952,578	)		(3,144,492	)
Income tax expenses		(442,965	)		(111,957	)		(15,338	)
Net Loss		(6,086,487	)		(23,064,535	)		(3,159,830	)
Comprehensive loss		(6,086,487	)		(23,064,535	)		(3,159,830	)

The accompanying notes are an integral part of the unaudited interim condensed financial statements.

F-3

ZHONGLIAN JINAN INSURANCE BROKERAGE CO., LTD.

NOTES TO UNAUDITED INTERIM CONDENSED FINANCIAL STATEMENTS

1 — THE ORGANIZATION AND NATURE OF BUSINESS

Zhonglian Jinan Insurance Brokerage Co., Ltd. (the “Company”) was incorporated on June 8, 2005, under the laws of the People’s Republic of China (“PRC”) as a liability company. The Company is primarily engaged in providing insurance brokerage services to end customers.

2 — BASIS OF PRESENTATION

The accompanying unaudited interim condensed balance sheet as of December 31, 2024, the unaudited interim condensed statements of operations and comprehensive loss for the six months ended December 31, 2023 and 2024, and the related footnote disclosures are unaudited. These unaudited interim condensed financial statements of the Company are prepared in accordance with U.S. GAAP for interim financial statements using accounting policies that are consistent with those used in the preparation of the Company’s audited financial statements for the year ended June 30, 2024. These unaudited interim condensed financial statements do not include all of the information and footnotes required by U.S. GAAP for annual financial statements. In the opinion of the Company’s management, the accompanying unaudited interim condensed financial statements contain all normal recurring adjustments necessary to present fairly the financial position and operating results of the Company for each of the periods presented. These unaudited interim condensed financial statements should be read in conjunction with the Company’s financial statements for the year ended June 30, 2024.

For the six months ended December 31, 2024, the Company incurred an operating loss of RMB 23,064,535 (US$ 3,159,830). As of December 31, 2024, the Company had an accumulated deficit position of RMB 59,793,927 (US$ 8,191,734) and a net current liability of RMB 18,626,132 (US$ 2,551,770).

There is substantial doubt regarding the Company’s ability to continue as a going concern. Management plans to gradually mitigate operating losses in the foreseeable future through strengthening its customer cash collection efforts and extending the payment cycle of major suppliers. The Company has implemented cost saving plans to reduce discretionary operational expenses and secure additional financing including but not limited to, raising equity financing, and obtaining additional credit facilities from banks in the normal course of business. However, there are uncertainties as to whether, and there can be no assurance that the aforesaid plans can be successfully executed. Accordingly, the substantial doubt of the Company’s ability to continue as a going concern has not been alleviated for the next twelve months from the date of issuance of these financial statements. The accompanying financial statements have been prepared assuming the Company will continue to operate as a going concern, which contemplates the realization of assets and the settlement of liabilities in the normal course of business. The financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classifications of liabilities that may be necessary should the Company be unable to continue as a going concern.

3 — CONVENIENCE TRANSLATION

Translations of balances in the Company’s balance sheets, statements of operation and comprehensive loss from RMB into US$ as of and for year ended December 31, 2024 are solely for the convenience of the readers and were calculated at the rate of US$1.00=RMB 7.2993, representing the noon buying rate set forth in the H.10 statistical release of the U.S. Federal Reserve Board on December 31, 2024. No representation is made that the RMB amounts could have been, or could be, converted, realized or settled into US$ at that rate on December 31, 2024 or at any other rate.

F-4

ZHONGLIAN JINAN INSURANCE BROKERAGE CO., LTD.

NOTES TO UNAUDITED INTERIM CONDENSED FINANCIAL STATEMENTS

4 — REVENUE RECOGNITION

The Company’s revenues are recognized when the control of the promised goods or services is transferred to the customers, and the performance obligations under the contract have been satisfied, in an amount that reflects the consideration expected to be entitled to in exchange for those goods or services (excluding sales taxes collected on behalf of government authorities).

The Company determines revenue recognition through the following steps: (1) identify the contract(s) with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenue when (or as) the entity satisfies a performance obligation.

For the six months ended December 31, 2023 and 2024, substantially all of the Company’s revenue was generated in the PRC. The Company disaggregate revenue as the following table:

	For the Six Months Ended December 31,
	2023			2024
	RMB			RMB
Insurance brokerage service fees		93,721,914			92,069,890
Others		684,358			24,763
Less: business taxes and surcharges		(217,905	)		(169,982	)
Total revenues		94,188,367			91,924,671

The Company disaggregates revenue by transferal of services as the following table:

	For the Six Months Ended December 31,
	2023			2024
	RMB			RMB
Services transferred at a point in time		94,406,272			92,094,653
Less: business taxes and surcharges		(217,905	)		(169,982	)
Total revenues		94,188,367			91,924,671

F-5

ZHONGLIAN JINAN INSURANCE BROKERAGE CO., LTD.

NOTES TO UNAUDITED INTERIM CONDENSED FINANCIAL STATEMENTS

5 — ACCOUNTS RECEIVABLE

As of June 30, 2024 and December 31, 2024, accounts receivable consisted of the following:

	June 30, 2024			December 31, 2024
	RMB			RMB
Accounts receivable		16,543,950			23,848,315
Less: Allowance for credit losses		(307,315	)		(434,343	)
		16,236,635			23,413,972

For the year ended June 30, 2024 and for the six months ended December 31, 2024, the movement of allowance against expected credit losses were as the following:

	June 30, 2024			December 31, 2024
	RMB			RMB
Opening balance		1,664,624			307,315
Provision of expected credit losses		594,506			240,557
Writing off accounts receivable		(1,951,815	)		(113,529	)
Ending balance		307,315			434,343

F-6

ZHONGLIAN JINAN INSURANCE BROKERAGE CO., LTD.

NOTES TO UNAUDITED INTERIM CONDENSED FINANCIAL STATEMENTS

6 — PREPAID EXPENSES AND OTHER CURRENT ASSETS, NET

As of June 30, 2024 and December 31, 2024, prepaid expenses and other current assets, net consisted of the following:

	June 30, 2024			December 31, 2024
	RMB			RMB
Advance to staff		4,975,573			4,048,058
Deposits(a)		270,366			461,221
Prepaid expenses		3,891,678			1,569,344
Others		913,131			815,408
Less: Provision against other receivables		(414,922	)		(474,753	)
Total prepayments and other current assets, net		9,635,826			6,419,278

(a) The balance of deposits primarily consisted of office rental deposits and bidding deposits.

 The movement of the expected credit loss against prepaid expenses and other receivables for the year ended June 30, 2024 and for the six months ended December 31, 2024 were as follows:

	June 30, 2024			December 31, 2024
	RMB			RMB
Beginning balance		625,155			414,922
Addition		(210,233	)		59,831
Ending balance		414,922			474,753

7 — ACCRUED EXPENSES AND OTHER LIABILITIES

As of June 30, 2024 and December 31, 2024, accrued expenses and other liabilities consisted of the following:

	June 30, 2024		December 31, 2024
	RMB		RMB
Accrued payroll and welfare		2,555,013		3,771,002
Provisions (Note 9)		4,643,040		2,989,095
D Payable for staff reimbursements		6,887,877		6,908,374
Deposits payable		3,151,875		3,076,875
Insurance premium payable		2,770,651		1,687,118
Other payables		2,174,034		1,484,036
		22,182,490		19,916,500

F-7

ZHONGLIAN JINAN INSURANCE BROKERAGE CO., LTD.

NOTES TO UNAUDITED INTERIM CONDENSED FINANCIAL STATEMENTS

8 — COMMITMENTS AND CONTINGENCIES

From time to time, the Company are parties to various legal actions arising in the ordinary course of business. The Company accrues costs associated with these matters when they become probable and the amount can be reasonably estimated. Legal costs incurred in connection with loss contingencies are expensed as incurred.

Legal proceedings

As of December 31, 2024, two customers filed breach-of-contract lawsuits against the Company following unresolved disputes, seeking monetary settlements totaling approximately RMB 4.8 million. The claims cover compensation for losses, refunds, penalties, legal fees, and litigation costs.

As of December 31, 2024, the total provision amount accrued for these lawsuits is RMB 2,989,095. Other than the above, the Company did not have other significant commitments, long-term obligations, significant contingencies or guarantees as of December 31, 2024.

9 — RELATED PARTY TRANSACTIONS

1) Nature of relationships with related parties

Name	Relationship with the Company
Xuegeng Zhao	Chairman of the Board, Chief Executive Officer
Qin’er Ye	The General Manager

2) Balances with related parties

As of June 30, 2024 and December 31, 2024, the balances with related parties were as follows:

	June 30, 2024		December 31, 2024
	RMB		RMB
Due from related parties
Xuegeng Zhao		1,400,000		1,374,424
Qin’er Ye		2,027,899		712,899
		3,427,899		2,087,323

10 — SUBSEQUENT EVENTS

On July 2, 2025, the Company entered into a share purchase agreement (“the SPA”) with Zhibao Technology Co., Ltd. (“Zhibao China”), a PRC subsidiary of Zhibao Technology Inc. (“Zhibao”), a NASDAQ listed company. Pursuant to the Agreement, Zhibao China will purchase 51% of the issued and outstanding equity interests in the Company in consideration of RMB 25.50 million, subject to the adjustment and confirmation as set forth in the SPA. The entire purchase consideration will be paid in cash.

By the date of this report, there is one of the lawsuits referred to in Note 8 that has been closed with a settlement payment of RMB 2,000,000.

F-8