NIU HOLDINGS(08619): Leung Man Chun appointed as chairman of the audit committee.

NIU HOLDINGS (08619) announced that Tsang Wing Kei has resigned as an executive director to pursue other business and personal development, effective as of October 31, 2025. As a result, Tsang Wing Kei will no longer hold the following positions from the same date: one of the two authorized representatives of the company as required by Rule 5.24 of the GEM Listing Rules of the Hong Kong Stock Exchange (GEM Listing Rule Authorized Representative); and the authorized representative for the company in Hong Kong to accept legal process documents and notices (together with the GEM Listing Rule Authorized Representative referred to as Authorized Representative). Shao Yuming has resigned as an independent non-executive director to pursue other business and personal development, effective as of October 31, 2025. As a result, he will no longer serve as the chairman of the board's audit committee, or as a member of the board's remuneration committee and nomination committee, from the same date. The board also announced that following Tsang Wing Kei's resignation from the above positions, Leung Chun Yu will be appointed as the company's Authorized Representative effective October 31, 2025. As Shao Yuming resigns as an independent non-executive director effective October 31, 2025, he will no longer serve as the chairman of the audit committee, nor as a member of the remuneration committee and nomination committee. Leung Man Kwan will be appointed as chairman of the audit committee, while continuing to serve as chairman of the remuneration committee and a member of the nomination committee.