X0202 SCHEDULE 13G 0002057128 XXXXXXXX LIVE CLASS A ORDINARY SHARES, PAR VALUE $0.0001 12/31/2024 0001966750 Zhibao Technology Inc. G989MC106 Floor 3, Building 6 Wuxing Road, Lane 727 Pudong New Area F4 201204 Rule 13d-1(d) Botao Ma F4 16816692.00 0.00 16816692.00 0.00 16816692.00 N 49.4 IN Mavy Holdings Limited D8 8932611.00 4222959.00 8932611.00 4222959.00 13155570.00 N 38.6 CO Maximum Global Holdings Limited D8 13155570.00 0.00 13155570.00 0.00 13155570.00 N 38.6 CO Shenbao Limited Partnership D8 4222959.00 0.00 4222959.00 0.00 4222959.00 N 12.4 PN Shanghai Xinhui Investment Consulting Co., Ltd. F4 3661122.00 0.00 3661122.00 0.00 3661122.00 N 10.8 CO (1) See Item 4. These shares are the Issuer's Class B ordinary shares, which can be converted into the Issuer's Class A ordinary shares upon shareholder's election and as more fully described under the Exhibit 2.2, "Description of Securities," to the Issuer's Annual Report on Form 20-F, filed with the Securities Exchange Commission on October 31, 2025. (2) Based on 17,245,000 Class A ordinary shares and 16,816,692 Class B ordinary shares issued and outstanding as of March 16, 2026. The address of all Reporting Persons is Floor 3, Building 6, Lane 727, Wuxing Road, Pudong New Area, Shanghai, China, 201204. (3) Consists of (i) 8,932,611 Class B ordinary shares directly held by Mavy Holdings Limited, a British Virgin Islands business company ("Mavy") and (ii) 4,222,959 Class B ordinary shares indirectly held by Mavy, as the majority shareholder of Shenbao Limited Partnership, a British Virgin Islands partnership ("Shenbao"). Mr. Botao Ma is the director of Mavy. As such, he may be deemed to have the voting and dispositive power of the Class B ordinary shares beneficially held by Mavy. Mr. Ma disclaims any beneficial ownership of the reported Class B ordinary shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly. (4) Consists of (i) 8,932,611 Class B ordinary shares beneficially held by Maximum Global Holdings Limited, a British Virgin Islands business company ("Maximum") through its 99.80% equity interest of Mavy and (ii) 4,222,959 Class B ordinary indirectly held by Mavy, as the majority shareholder of Shenbao. Dedao Trust Limited, a company incorporated in Hong Kong, is sole member and sole director of Maximum. Dedao Trust Limited is the trustee of The Maximum Trust, a trust established under the laws of Hong Kong. Mavy is the settlor of The Maximum Trust, and Mr. Ma is the first beneficiary is The Maximum Trust. As such, Mr. Ma may be deemed to have or share voting and dispositive power of the Class B ordinary shares beneficially held Maximum. Mr. Ma disclaims any beneficial ownership of the reported ordinary shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly. (5) Represents approximately 3,661,122 Class B ordinary shares indirectly held by Shanghai Xinhui Investment Consulting Co., Ltd. ("Xinhui"). Mr. Botao Ma is the majority shareholder of Xinhui. As such, he may be deemed to have or share voting and dispositive power of the Class B ordinary shares held directly by Xinhui. Mr. Ma disclaims any beneficial ownership of the reported Class B ordinary shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly. (6) Represents 4,222,959 Class B ordinary shares held by Shenbao Limited Partnership, a British Virgin Islands partnership ("Shenbao"). Mavy Holdings Limited holding approximately 99.04% equity interest of Shenbao. As such, Mr. Ma may be deemed to have or share voting and dispositive power of the Class B ordinary shares held directly by Shenbao. (7) Consists of the (i) 13,155,570 Class B ordinary shares beneficially held by Mavy and (ii) 3,661,122 Class B ordinary shares beneficially held by Xinhui. Zhibao Technology Inc. Floor 3, Building 6, Wuxing Road, Lane 727, Pudong New Area, Shanghai 201204 Botao Ma Floor 3, Building 6, Lane 727, Wuxing Road, Pudong New Area, Shanghai, China, 201204 Botao Ma is a citizen of the People's Republic of China Y 16,816,692 The responses to Items 5-11 of the cover pages of this Schedule 13G are incorporated herein by reference. As of March 16, 2026, the Reporting Persons may be deemed to beneficially own 16,816,692 shares of the Issuer's Class B ordinary shares, representing 49.4% of the total Class A and Class B ordinary shares issued and outstanding. The Class B ordinary share is convertible into the Issuer's Class A ordinary share upon the holders' election, on a one-for-one basis, subject to adjustment, as more fully described under the Exhibit 2.2, "Description of Securities," to the Issuer's Annual Report on Form 20-F, filed with the Securities Exchange Commission on October 31, 2025. The percentage of Class B ordinary shares held by the Reporting Persons is based on 17,245,000 Class A ordinary shares and 16,816,692 Class B ordinary shares issued and outstanding as of March 16, 2026. 16,816,692 0 16,816,692 0 Y Y Y Y Y Y 99.1 Joint Filing Agreement (filed herewith). Botao Ma /s/ Botao Ma 03/27/2026 Mavy Holdings Limited /s/ Botao Ma 03/27/2026 Maximum Global Holdings Limited /s/ Botao Ma 03/27/2026 Shenbao Limited Partnership /s/ Botao Ma 03/27/2026 Shanghai Xinhui Investment Consulting Co., Ltd. /s/ Botao Ma 03/27/2026