NIU Holdings Limited (stock code 08619) announced on 16 March 2025 that the despatch of the circular for its proposed rights issue has been pushed back to on or before 25 March 2026, as additional time is required to finalise the document.

Key terms of the capital raising remain unchanged: shareholders will be offered two rights shares for every one share held at the close of business on the record date. The offer will be conducted on a non-fully underwritten basis and is linked to a connected transaction under an underwriting agreement. First Shanghai Securities Limited acts as placing agent, while Red Solar Capital Limited serves as independent financial adviser to the independent board committee and independent shareholders.

Revised indicative timetable • Latest time to lodge share transfers for EGM qualification: 4:00 p.m., 13 April 2026 • Register closure for EGM: 14–20 April 2026 (both days inclusive) • Extraordinary general meeting: 3:00 p.m., 20 April 2026 • Last cum-rights trading day: 21 April 2026 • Ex-rights trading commences: 22 April 2026 • Latest time to lodge share transfers for rights entitlement: 4:00 p.m., 23 April 2026 • Register closure for rights entitlements: 24–30 April 2026 (both days inclusive) • Record date: 30 April 2026 • Prospectus despatch: 4 May 2026 • Trading of nil-paid rights shares: 6–13 May 2026 • Latest time for acceptance and payment: 4:00 p.m., 18 May 2026 • Announcement on unsubscribed shares: 26 May 2026 • Placing period for unsubscribed shares: 27 May–4 June 2026 • Rights issue results announcement: 9 June 2026 • Share certificates despatch and completion of placing: 10 June 2026 • Commencement of trading in fully-paid rights shares: 9:00 a.m., 11 June 2026 • Payment of net gains to non-qualifying and no-action shareholders: 15 June 2026

Conditions and risk warning The rights issue remains subject to the underwriting agreement becoming unconditional and to the Stock Exchange granting listing approval for the nil-paid and fully-paid rights shares. Should these conditions not be satisfied, the transaction will not proceed. The board cautions shareholders and potential investors that dealing in the company’s shares or in nil-paid rights shares before fulfilment of all conditions carries the risk that the offer may not become unconditional. Professional advice is recommended for any parties in doubt about their positions.