SCHEDULE: Major Shareholder Boosts Stake in Niu Technologies

Glory Achievement Fund Limited, Bull Group Limited, and BULL TRUST have increased their beneficial ownership in Niu Technologies to 34.9% through recent open-market purchases.

Summary

• Glory Achievement Fund Limited, Bull Group Limited, and BULL TRUST (the "Reporting Persons") filed Amendment No. 2 to their Schedule 13D regarding Niu Technologies.
• The filing updates their beneficial ownership of Class A ordinary shares, par value $0.0001 per share, of Niu Technologies.
• Glory Achievement Fund Limited purchased a total of 1,581,028 ADSs, representing 3,162,056 Class A ordinary shares, in the open market.
• These purchases occurred between July 19, 2025, and January 30, 2026, for approximately US$5.5 million, utilizing its own working capital.
• The aggregate amount beneficially owned by each Reporting Person is 54,412,213 Class A ordinary shares.
• This ownership represents 34.9% of the class, calculated based on 155,927,944 outstanding ordinary shares as of February 28, 2025.
• The Reporting Persons state that these purchases were made for investment purposes.
• They intend to regularly review their shareholding and may acquire additional securities or dispose of existing holdings in the future.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive development, as a significant shareholder group has increased its stake, signaling continued investment confidence in Niu Technologies.

Positives

• A significant shareholder group has increased its stake in Niu Technologies, indicating continued confidence in the company's investment potential.
• The open-market purchases, totaling approximately US$5.5 million, demonstrate a direct financial commitment from the Reporting Persons.

Risks

• Future actions by the Reporting Persons, including potential acquisitions or dispositions of securities, are dependent on various factors such as price levels, general market and economic conditions, and the Issuer's business prospects.
• Any future acquisitions or dispositions of ADSs will be subject to Niu Technologies' policies, including its insider trading policy.

Future Outlook

The Reporting Persons hold the ADSs for investment purposes and intend to regularly review their shareholding. They may acquire additional securities or dispose of existing holdings based on market conditions, the Issuer's business, financial condition, operations and prospects, and other investment opportunities.

Industry Context

StockSavvy.ai notes that an increase in beneficial ownership by a significant shareholder group often signals a positive long-term outlook for the company within its industry, potentially indicating confidence in Niu Technologies' market position or future growth prospects.

Comparison to Industry Standards

• This filing primarily concerns a change in beneficial ownership by a specific group and does not contain performance metrics for direct comparison to industry standards or specific comparable companies/projects.

Stakeholder Impact

• Shareholders: The increased stake by a major shareholder group could be perceived positively, potentially boosting investor confidence in Niu Technologies.
• Company Management: The continued investment by a significant shareholder may provide stability and influence strategic decisions.

Next Steps

• Reporting Persons will continue to review their shareholding on a regular basis.
• They may acquire additional securities of the Issuer or dispose of current holdings in the future.

Key Dates

Recommendation

The increased stake by a major shareholder group is a positive signal, indicating confidence in Niu Technologies. However, the filing does not provide new operational or financial performance data to warrant a 'buy' recommendation. The 'hold' recommendation reflects the stability implied by the increased insider ownership while awaiting further fundamental updates on the company's performance.

Keywords

Niu Technologies, NIU, Schedule 13D, Beneficial Ownership, Shareholder, Investment, Open Market Purchase, Class A Ordinary Shares, ADS, Glory Achievement Fund Limited, Bull Group Limited, BULL TRUST