Niu Technologies Announces Management Change
September 22 2021 - 4:00AM
Niu Technologies (“NIU”, or “the Company”) (NASDAQ: NIU), the
world’s leading provider of smart urban mobility solutions, today
announced that Mr. Hardy Peng Zhang has tendered his resignation as
the Company’s chief financial officer due to personal reasons,
effective September 30. The Company has initiated active search and
a new chief financial officer will be on board soon. Mr. Zhang will
continue to work closely with the Company for next three months as
an advisor to facilitate a smooth transition.
Dr. Yan Li, Chief Executive Officer of the
Company, said, “We would like to thank Hardy for his contributions
to the Company over the years. Hardy played a crucial role helping
NIU to achieve various key milestones and drive for stronger
financial management. We wish him the best with his future
endeavors.”
About NIU
As the world’s leading provider of smart urban
mobility solutions, NIU designs, manufactures and sells
high-performance electric motorcycles, scooters, bicycles and
kick-scooters. NIU has a product portfolio consisting of eight
series, four electric scooter series, including NQi, MQi, UQi and
Gova, two urban commuter electric motorcycle series RQi and TQi, a
performance electric bicycle series, NIU Aero, and an electric
kick-scooter series, KQi. Different series of products address the
needs of different segments of modern urban residents and resolve
the demands of different scenarios of urban travel, while being
united through a common design language that emphasizes style,
freedom and technology. NIU has adopted an omnichannel retail
model, integrating the offline and online channels, to offer the
products and services. For more information, please visit
www.niu.com.
Safe Harbor Statement
This press release contains forward-looking
statements. These statements are made under the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “likely to”
and similar statements. NIU may also make written or oral
forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission, in its annual report to
shareholders, in press releases and other written materials and in
oral statements made by its officers, directors or employees to
third parties. Statements that are not historical facts, including
statements about NIU’s beliefs, plans and expectations, are
forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement. Further information regarding these and
other risks is included in NIU’s filings with the Securities and
Exchange Commission. All information provided in this press release
is as of the date of this press release, and NIU does not undertake
any obligation to update any forward-looking statement, except as
required under applicable law.
Investor Relations Contact:
Niu TechnologiesJason YangInvestor Relations
ManagerE-mail: ir@niu.com
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