NIU HOLDINGS (08619) announced that Tsang Wing Kei has resigned as an executive director to pursue other business and personal endeavors, effective from October 31, 2025. Consequently, Tsang Wing Kei will no longer serve as one of the company's two authorized representatives under Rule 5.24 of the GEM Listing Rules (GEM Listing Rules Authorized Representative) or as the authorized representative for accepting legal documents and notices in Hong Kong under the Companies Ordinance (Chapter 622 of Hong Kong Law) (collectively referred to as Authorized Representatives).

Separately, Shao Yuming has resigned as an independent non-executive director to pursue other business and personal interests, effective from the same date. As a result, Shao Yuming will no longer serve as Chairman of the Board's Audit Committee or as a member of the Remuneration Committee and Nomination Committee.

The Board further announced that, following Tsang Wing Kei's resignation, Leung Chun Yu will be appointed as the company's Authorized Representative effective October 31, 2025. Additionally, due to Shao Yuming's departure, Liang Wenjun has been appointed as Chairman of the Audit Committee while retaining his roles as Chairman of the Remuneration Committee and member of the Nomination Committee.