2026331 GEM GEM GEMGEMGEM GEMNIU HoldingsLimited www.hkexnews.hkwww.niuholdings.com.hk NIU Holdings Limited20263312025331 2026331 33120262025 477,946104,274(55,128)(79,755) 8(1,474)493 2026331 331 20262025 (373)18 (373)18 (139,663)64,524 (139,290)64,506 (139,226)64,524(437)– (139,663)64,524 9(82.99)40.75 2026331 1. NIU Holdings Limited22196132017825CricketSquare, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands94804 2018917GEM29 2. GEM 3 2026331 3. (a) 202541 21 (b) 18297197111110283 120261122027113 2026331 3. (b) 18 18118733 18202711 1818 2026331 4. (a) (i)(ii)(iii) (i) 15 20262025331 2026331 4. (a) (ii) 2026331134,437,0002025125,010,0002026331 1122 2026331 4. (b) 2026331Smart Building Management SystemLimited 20253312025331 8 2. 2026331 (b)2026331 –77,94677,946 (137,816) 2026202533110% 2026331 5. 20262025 1391,410 2026331 7. (b) 2026331 8. 2026331 28.25%216.5%202533116.5% 25%202525%1,000,00025%20%1,000,0003,000,00050%20%3,000,000100%25% 20262025331 2026331 9. 202569 2026202533120262025331 20252025 2026331 10. 202633143,075,000202561,166,000 30309090180180 060 2026331 10. 11. 303160619090 2026331 12. 20244120253312025410.0120263310.1(iii) 2024412024529(i) 2025331202541(ii)(iii) 2026331 (i)20245320245170.12150,000,0002024529150,000,00017,000,0001,500,00015,500,0001,000,000 (ii)202553063,450,0000.0392,420,000 (iii)2025415101,350,000,00015,000,000150,000,000150,000,0001,500,000,000202565202569150,000,0001,445,450,000144,545,000 2026331 13. 20263312025 14. 2026211(1)(2)0.107289,090,00030.933 2026514202661811149,385,75751.67%43,647,200139,704,24348.33% 202652820265272026618 (IT)ITITITIT 2026331104.325.3%77.92026331IT2026331 ITSuper X AITechnology LimitedOPS 2025331104.3202633177.926.425.3%2026331ITIT 202533179.8202633155.124.730.9%(i)(ii)2026331 202533124.51.7202633122.86.9%202533123.5%202633129.3% 202633120253310.11.41.3 202633173.3OPS20260331Super X AI Technology LimitedOPS 202533135.224.068.2%202633159.2 202620253310.50.4 20263311.520253310.52026331 2026331139.3202533164.573.322.0202533113.2 20253313.420263311.820263312025331 20263313.32025331100%9.3% 2018917GEM 2026331150,000,0001,500,000,0000.1144,545,000 GEM10.29120265142026528 20263312025331 2026331 – 23 –2026331Kelca LimitedKelca20251127Kelca7,500,000Smart BuildingManagement System Limited 60%20251127 20263312025331 2026331 20263312.120253312.1 2026331 GEM10.29120265142026528202661811149,385,75751.67%43,647,200139,704,24348.33%2026618 8 20263311492025331164202633166.9202533175.5 202633120213520211231 20241312024529202553019.917.02.4 8.011.9 3.014.0IT 0.40.3IT1.7 – – – – C.1.7 C.1.7 20251031(i)GEM5.051(ii)GEM5.282026130GEM 2026331 2026331 NIU Holdings Limited 2026630