SCHEDULE: Major Shareholder Boosts Niu Technologies Stake

Glory Achievement Fund Limited, a significant shareholder, increased its beneficial ownership in Niu Technologies to 38.6% through recent open-market purchases totaling approximately $3.1 million.

Summary

• Glory Achievement Fund Limited, Bull Group Limited, and BULL TRUST (the Reporting Persons) filed Amendment No. 5 to their Schedule 13D for Niu Technologies.
• Glory Achievement Fund Limited acquired an additional 780,964 American Depositary Shares (ADSs), representing 1,561,928 Class A ordinary shares, between March 4, 2026, and March 12, 2026.
• These purchases were made in the open market for approximately US$3.1 million, utilizing the fund's own working capital.
• Following these acquisitions, the Reporting Persons collectively beneficially own 60,243,535 Class A ordinary shares of Niu Technologies.
• This represents 38.6% of the Issuer's total outstanding ordinary shares, calculated based on 155,927,944 shares as of February 28, 2025.
• The acquisitions were made for investment purposes, and the Reporting Persons intend to regularly review their shareholding.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive development, as a significant existing shareholder has increased its investment, signaling continued belief in the company's value and future prospects.

Positives

• A significant shareholder, Glory Achievement Fund Limited, increased its stake in Niu Technologies by purchasing 780,964 ADSs (1,561,928 Class A ordinary shares) for approximately US$3.1 million.
• The Reporting Persons now collectively beneficially own 38.6% of Niu Technologies' outstanding ordinary shares, indicating strong conviction from a major investor.
• The purchases were made in the open market, suggesting a market-based valuation for the acquisition.

Negatives

• No specific negative information about Niu Technologies was disclosed in this Schedule 13D filing.

Risks

• The Reporting Persons may, at any time, decide to acquire additional securities, dispose of all or a portion of their holdings, or take other actions, which could impact the Issuer's stock price.
• Future acquisitions or dispositions are dependent upon various factors including price levels of ADSs, general market and economic conditions, ongoing evaluation of the Issuer's business, financial condition, operations and prospects, and the relative attractiveness of alternative investment opportunities.

Future Outlook

The Reporting Persons intend to continuously review their investment in Niu Technologies and may, at their discretion, acquire additional securities, dispose of existing holdings, or pursue other strategic actions based on market conditions, the Issuer's performance, and alternative investment opportunities.

Management Comments

• The Recent Open-Market Purchases were made for investment purposes.
• The Reporting Persons hold the ADSs of the Issuer for investment purposes.
• They intend to review their shareholding on a regular basis and, as a result thereof, may at any time or from time to time determine, either alone or as part of a group, (i) to acquire additional securities of the Issuer, through open market purchases, privately negotiated transactions or otherwise, (ii) to dispose of all or a portion of the securities of the Issuer owned by it in the open market, in privately negotiated transactions or otherwise or (iii) to take any other available course of action.

Industry Context

StockSavvy.ai notes that an increase in a significant institutional stake, particularly by an existing major shareholder, often signals confidence in the company's long-term prospects within its industry. This move by Glory Achievement Fund Limited could be interpreted as a positive indicator for Niu Technologies, a company operating in the electric scooter and urban mobility sector, which is experiencing global growth and competition.

Comparison to Industry Standards

• NA

Stakeholder Impact

• Shareholders: The increased stake by a major investor could be perceived positively, potentially boosting investor confidence.
• Management: The continued significant ownership by the Reporting Persons may influence strategic decisions and corporate governance.

Next Steps

• The Reporting Persons will continue to review their shareholding in Niu Technologies on a regular basis.
• They may acquire additional securities, dispose of current holdings, or take other actions based on various factors including market conditions and the Issuer's performance.

Key Dates

Recommendation

While the increased stake by a major shareholder is a positive signal of confidence, this Schedule 13D filing primarily details ownership changes rather than operational or financial performance. A 'hold' recommendation is appropriate as it acknowledges the positive insider buying without making a definitive statement on the company's broader investment thesis, which would require a more comprehensive analysis of Niu Technologies' fundamentals and market position.

Keywords

Niu Technologies, NIU, Schedule 13D, Beneficial Ownership, Shareholder, Glory Achievement Fund, Stock Purchase, Investment, Class A Ordinary Shares, ADS