SCHEDULE: Glory Achievement Fund Increases Stake in Niu Technologies

Glory Achievement Fund Limited has increased its beneficial ownership in Niu Technologies to 39.8% following recent open-market purchases.

Summary

• Glory Achievement Fund Limited acquired 1,064,110 ADSs of Niu Technologies between March 13, 2026, and June 12, 2026.
• The total investment for these additional shares was approximately US$2.5 million.
• The Reporting Persons now beneficially own 62,371,755 shares, representing a 39.8% stake in the company.
• The purchases were funded using the entity's own working capital.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a positive signal, as it indicates that a major shareholder is actively increasing their investment in the company using their own capital.

Positives

• Demonstrates strong confidence from a major shareholder in the long-term value of Niu Technologies.
• The acquisition was executed through open-market purchases, signaling support for the current share price levels.

Negatives

• Increased concentration of ownership may limit the free float of shares available to other investors.

Risks

• Future investment decisions by the Reporting Persons are subject to market conditions and the company's ongoing performance.
• The Reporting Persons reserve the right to dispose of their holdings, which could create downward pressure on the stock price.

Future Outlook

The Reporting Persons intend to review their shareholding regularly and may acquire additional securities, dispose of existing holdings, or take other actions based on market conditions and their evaluation of the Issuer's business and prospects.

Industry Context

StockSavvy.ai notes that increased accumulation by major shareholders in the electric two-wheeler sector often reflects institutional confidence in the transition toward sustainable urban mobility, despite broader market volatility.

Comparison to Industry Standards

• The 39.8% ownership stake is significant and aligns with typical 'insider' or 'anchor investor' profiles seen in high-growth Chinese technology firms listed on Nasdaq.
• The use of open-market purchases to increase stakes is a standard practice for long-term institutional investors seeking to bolster their position without triggering a formal takeover bid.

Legal Proceedings

• None reported.

Related Party Transactions

• None reported.

Stakeholder Impact

• Shareholders may view the increased stake as a sign of stability and confidence in the company's future.
• The reduction in available float could potentially increase share price volatility.

Next Steps

• Ongoing monitoring of the Issuer's business and financial condition by the Reporting Persons.
• Potential for further adjustments to shareholdings based on market conditions.

Key Dates

Recommendation

While the increased stake is a positive signal of confidence, it does not fundamentally change the company's operational outlook; therefore, a hold recommendation is appropriate until further earnings growth is demonstrated.

Keywords

Niu Technologies, NIU, Schedule 13D, Shareholder, Equity, Investment