Niu Technologies Schedule 13D Amendment Summary

This filing is an amendment to a Schedule 13D originally filed on December 7, 2023, by Glory Achievement Fund Limited, Bull Group Limited, and BULL TRUST. The amendment reports on the acquisition of 780,964 ADSs (representing 1,561,928 Class A ordinary shares) by Glory Achievement Fund Limited for approximately $3.1 million between March 4 and March 12, 2026. This brings the Reporting Persons' total beneficial ownership to 38.6% of Niu Technologies' Class A ordinary shares. The Reporting Persons intend to review their holdings and may take actions including acquiring or disposing of additional securities. They hold these securities for investment purposes and state no present plans that would result in transactions described in Item 4 of Schedule 13D, other than what is stated.