Zhibao Technology, a Nasdaq-listed company, has signed a non-binding term sheet with JOYERTECH AND INFORMATION OPC for a PIPE financing deal valued at approximately 3,500 Bitcoin (BTC). The transaction is subject to legal, financial, and operational due diligence, the signing of a definitive agreement, and approval from the company, regulators, and Nasdaq compliance. The agreement allows the buyer to nominate a majority of the board members post-transaction, while the current management will continue to oversee daily operations until the existing business is split, disposed of, or restructured.