John Jinshu Zhang - 02 Mar 2026 Form 3 Insider Report for Niu Technologies (NIU)

Role: Director
Signature: /s/ John Jinshu Zhang
Issuer symbol: NIU
Transactions as of: 02 Mar 2026
Net transactions value: $0
Form type: 3
Filing time: 04 Mar 2026, 08:30:31 UTC
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Zhang Jinshu	Director	749 VIA DEL MONTE, PALOS VERDES ESTATES, CALIFORNIA, UNITED KINGDOM	/s/ John Jinshu Zhang	04 Mar 2026	0001968606

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	NIU	American depositary shares						54,000	02 Mar 2026	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	NIU	Restricted share units							02 Mar 2026	Class A ordinary shares	40,000		Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each American depositary share ("ADS") represents two (2) Class A ordinary shares, with a par value of US$0.0001 per share, of Niu Technologies (the "Company").
F2	The 40,000 unvested restricted share units ("RSUs") were granted to the reporting person on October 19, 2024 pursuant to the Company's 2018 Share Incentive Plan, and will vest on October 19, 2026.
F3	Each RSU represents the contingent right to receive one (1) Class A ordinary shares of the Company upon vesting.