| Name | Relationship | Address | Signature | Signature date | CIK |
|---|---|---|---|---|---|
| Ye Changqing | Director | FLAT B, 36/F, HARBOUR GREEN, 8 SHAM, MONG ROAD, TAI KOK TSUI, KOWLOON, HONG KONG | /s/ Changqing Ye | 04 Mar 2026 | 0001968607 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | NIU | American depositary shares | 50,000 | 02 Mar 2026 | Direct | F1 |
| 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 |
| 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. |