X0206 3 2026-03-02 0 0001744781 Niu Technologies NIU 0001968607 Ye Changqing FLAT B, 36/F, HARBOUR GREEN, 8 SHAM MONG ROAD, TAI KOK TSUI KOWLOON K3 HONG KONG 1 0 0 0 American depositary shares 50000 D Restricted share units Class A ordinary shares 40000 D 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"). 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. Each RSU represents the contingent right to receive one (1) Class A ordinary shares of the Company upon vesting. /s/ Changqing Ye 2026-03-04