Niu Holdings Says Proposed Auditor Confucius Is Independent, Qualified for Group Audit

• Niu Holdings clarified its proposed appointment of Confucius International CPA, with its audit committee satisfied the firm is independent and adequately resourced.
• The proposed audit includes approximately 1,100 budgeted hours, with strategy and scope generally consistent with the previous financial year.
• Key audit priorities include revenue recognition, impairment of receivables and contract assets, and potential management override of controls.
• The committee deemed the proposed fee for the year ending March 31, 2027, reasonable without compromising audit quality.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Niu Holdings Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261103-12397896), on November 03, 2026, and is solely responsible for the information contained therein.