Niu Technologies announced changes to its board of directors (the “Board”) and committees of the Board. Mr. Xiaojun Li has resigned as an independent director from the Board and as a member of each of the audit committee and compensation committee of the Board. Mr. Xiaojun Li’s resignation did not result from any disagreement with the Company. Mr. John Jinshu Zhang will join the Audit Committee as a member. After the changes, the Board will consist of seven members, five of whom are independent directors, including Ms. Jenny Hongwei Lee, Mr. Changqing Ye, Mr. Mei-Wei Cheng, Mr. Julian Juul Wolhardt and Mr. John Jinshu Zhang.