Niu Technologies (NIU) director discloses RSUs and ADS equity holdings

Rhea-AI Filing Summary

Niu Technologies director Cheng Mei Wei has reported initial equity holdings, including 40,000 unvested restricted share units and 20,000 American depositary shares. Each RSU represents one Class A ordinary share and each ADS represents two Class A ordinary shares of Niu Technologies.

The 40,000 RSUs were granted on October 19, 2024 under the company’s 2018 Share Incentive Plan and are scheduled to vest on October 19, 2026, aligning the director’s compensation with long-term company performance.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider CHENG MEI WEI

Role Director

Type	Security	Shares	Price	Value
holding	Restricted share units	--	--	--
holding	American depositary shares	--	--	--

Holdings After Transaction: Restricted share units — 40,000 shares (Direct); American depositary shares — 20,000 shares (Direct)

Footnotes (1)

1. 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.

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

CHENG MEI WEI

(Last) (First) (Middle)

1202, BUILDING 10, GREEN COURT

777 BIYUN ROAD, PUDONG

(Street)

SHANGHAI F4 201206

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/02/2026

3. Issuer Name and Ticker or Trading Symbol
Niu Technologies [ NIU ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
American depositary shares(1)	20,000(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted share units	(2)	(2)	Class A ordinary shares	40,000(2)	(3)	D

Explanation of Responses:

1. 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").

2. 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.

3. Each RSU represents the contingent right to receive one (1) Class A ordinary shares of the Company upon vesting.

	/s/ Mei-Wei Cheng	03/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider position did Cheng Mei Wei report in Niu Technologies (NIU) Form 3?

Cheng Mei Wei reported initial ownership of equity in Niu Technologies, including 40,000 unvested restricted share units and 20,000 American depositary shares. This filing shows current holdings rather than a new purchase or sale of the company’s securities.

How many restricted share units does Cheng Mei Wei hold in Niu Technologies (NIU)?

Cheng Mei Wei holds 40,000 unvested restricted share units in Niu Technologies. These RSUs were granted on October 19, 2024 under the company’s 2018 Share Incentive Plan and are scheduled to fully vest on October 19, 2026, subject to the plan’s terms.

What does each Niu Technologies (NIU) restricted share unit represent?

Each restricted share unit reported by Cheng Mei Wei represents the contingent right to receive one Class A ordinary share of Niu Technologies upon vesting. This means 40,000 RSUs could convert into 40,000 Class A ordinary shares if all vesting conditions are satisfied.

How many American depositary shares did Cheng Mei Wei report for Niu Technologies (NIU)?

Cheng Mei Wei reported holding 20,000 American depositary shares of Niu Technologies. Each ADS represents two Class A ordinary shares of the company, giving economic exposure to underlying ordinary shares through the depositary share structure.

When will Cheng Mei Wei’s Niu Technologies (NIU) RSUs vest?

The 40,000 unvested restricted share units granted to Cheng Mei Wei are scheduled to vest on October 19, 2026. They were granted on October 19, 2024 under Niu Technologies’ 2018 Share Incentive Plan, subject to the vesting conditions in that plan.

What does one Niu Technologies (NIU) ADS represent in underlying shares?

Each Niu Technologies American depositary share represents two Class A ordinary shares with a par value of US$0.0001 per share. ADSs allow investors to hold and trade interests in the company’s ordinary shares through a depositary bank structure.