Zhibao Signs Non-Binding Term Sheet for PIPE with 3,500 BTC

Zhibao Technology Inc. announced it has signed a non-binding term sheet with JOYERTECH AND INFORMATION OPC for a proposed Private Investment in Public Equity (PIPE) financing. The consideration is expected to include approximately 3,500 Bitcoin. The proposed transaction also involves a control transition, with the buyer expected to designate a majority of the board members, though the current management will continue to oversee existing operations. The term sheet is non-binding and subject to various conditions, including due diligence and definitive agreements.