{"id":386405,"date":"2020-11-23T02:06:19","date_gmt":"2020-11-23T07:06:19","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=386405"},"modified":"2020-11-23T02:06:19","modified_gmt":"2020-11-23T07:06:19","slug":"niu-technologies-announces-changes-to-board-and-committee-compositions-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/niu-technologies-announces-changes-to-board-and-committee-compositions-2\/","title":{"rendered":"Niu Technologies Announces Changes to Board and Committee Compositions"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">BEIJING, Nov.  23, 2020  (GLOBE NEWSWIRE) &#8212; Niu Technologies (\u201cNIU\u201d, or \u201cthe Company\u201d) (NASDAQ: NIU), the world\u2019s leading provider of smart urban mobility solutions, today announced changes to its board of directors (the \u201cBoard\u201d) and committees of the Board. Ms. Jenny Hong Wei Lee has resigned as an independent director from the Board and as the chairperson of the compensation committee of the Board. Ms. Jenny Hong Wei Lee\u2019s resignation did not result from any disagreement with the Company.<\/p>\n<p align=\"left\">Mr. John Jinshu Zhang will join the compensation committee as the chairperson. After the changes, the Board will consist of six members, four of whom are independent directors, including Mr. Changqing Ye, Mr. Mei-Wei Cheng, Mr. Julian Juul Wolhardt and Mr. John Jinshu Zhang.<\/p>\n<p align=\"left\">\n        <strong>About NIU<\/strong>\n      <\/p>\n<p align=\"left\">As the world\u2019s leading provider of smart urban mobility solutions, NIU designs, manufactures and sells high-performance electric bicycles and motorcycles. NIU has a product portfolio consisting of seven series, four e-scooter series, including NQi, MQi and UQi with smart functions and Gova, two urban commuter electric motorcycles series RQi and TQi, and a performance bicycle series, NIU Aero. 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.<\/p>\n<p align=\"left\">\n        <strong>Safe Harbor Statement<\/strong>\n      <\/p>\n<p align=\"left\">This press release contains statements that may constitute forward-looking statements made under the \u201csafe harbor\u201d provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as \u201cwill,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201caims,\u201d \u201cfuture,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201clikely to\u201d 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\u2019s 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, including but not limited to the following: NIU\u2019s strategies; NIU\u2019s future business development, financial condition and results of operations; NIU\u2019s ability to maintain and enhance its \u201cNIU\u201d brand; its ability to innovate and successfully launch new products and services; its ability to maintain and expand its offline distribution network; its ability to satisfy the mandated safety standards relating to e-scooters; its ability to secure supply of components and raw materials used in e-scooters; its ability to manufacture, launch and sell smart e-scooters meeting customer expectations; its ability to grow collaboration with operation partners; its ability to control costs associated with its operations; general economic and business conditions in China and globally; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in NIU\u2019s 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.<\/p>\n<p align=\"left\">\n        <strong>For investor and media inquiries, please contact<\/strong><br \/>\n        <strong>:<\/strong>\n      <\/p>\n<p align=\"left\">Niu Technologies<br \/>Jason Yang<br \/>Investor Relations Manager<br \/>E-mail: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=rXOUQs17_OGLMTuBufv8ffIMcLa7Uhxrm6vMecSk58DNhX_wEMH8w_apKJ-sPkl0pcB9BcnFZ6wEV99s7EN20A==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">ir@niu.com<\/a><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5MDQ1NiMzODM5MjY3IzIxMjM3MDY=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/910b9db2-7034-49cc-b475-9f72fdd05d78\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BEIJING, Nov. 23, 2020 (GLOBE NEWSWIRE) &#8212; Niu Technologies (\u201cNIU\u201d, or \u201cthe Company\u201d) (NASDAQ: NIU), the world\u2019s leading provider of smart urban mobility solutions, today announced changes to its board of directors (the \u201cBoard\u201d) and committees of the Board. Ms. Jenny Hong Wei Lee has resigned as an independent director from the Board and as the chairperson of the compensation committee of the Board. Ms. Jenny Hong Wei Lee\u2019s resignation did not result from any disagreement with the Company. Mr. John Jinshu Zhang will join the compensation committee as the chairperson. After the changes, the Board will consist of six members, four of whom are independent directors, including Mr. Changqing Ye, Mr. Mei-Wei Cheng, Mr. Julian Juul Wolhardt and Mr. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/niu-technologies-announces-changes-to-board-and-committee-compositions-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Niu Technologies Announces Changes to Board and Committee Compositions&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-386405","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Niu Technologies Announces Changes to Board and Committee Compositions - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/niu-technologies-announces-changes-to-board-and-committee-compositions-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Niu Technologies Announces Changes to Board and Committee Compositions - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"BEIJING, Nov. 23, 2020 (GLOBE NEWSWIRE) &#8212; Niu Technologies (\u201cNIU\u201d, or \u201cthe Company\u201d) (NASDAQ: NIU), the world\u2019s leading provider of smart urban mobility solutions, today announced changes to its board of directors (the \u201cBoard\u201d) and committees of the Board. Ms. Jenny Hong Wei Lee has resigned as an independent director from the Board and as the chairperson of the compensation committee of the Board. Ms. Jenny Hong Wei Lee\u2019s resignation did not result from any disagreement with the Company. Mr. John Jinshu Zhang will join the compensation committee as the chairperson. After the changes, the Board will consist of six members, four of whom are independent directors, including Mr. Changqing Ye, Mr. Mei-Wei Cheng, Mr. Julian Juul Wolhardt and Mr. &hellip; Continue reading &quot;Niu Technologies Announces Changes to Board and Committee Compositions&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/niu-technologies-announces-changes-to-board-and-committee-compositions-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-23T07:06:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5MDQ1NiMzODM5MjY3IzIxMjM3MDY=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/niu-technologies-announces-changes-to-board-and-committee-compositions-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/niu-technologies-announces-changes-to-board-and-committee-compositions-2\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Niu Technologies Announces Changes to Board and Committee Compositions\",\"datePublished\":\"2020-11-23T07:06:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/niu-technologies-announces-changes-to-board-and-committee-compositions-2\\\/\"},\"wordCount\":594,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/niu-technologies-announces-changes-to-board-and-committee-compositions-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA5MDQ1NiMzODM5MjY3IzIxMjM3MDY=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/niu-technologies-announces-changes-to-board-and-committee-compositions-2\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/niu-technologies-announces-changes-to-board-and-committee-compositions-2\\\/\",\"name\":\"Niu Technologies Announces Changes to Board and Committee Compositions - 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Ms. Jenny Hong Wei Lee has resigned as an independent director from the Board and as the chairperson of the compensation committee of the Board. Ms. Jenny Hong Wei Lee\u2019s resignation did not result from any disagreement with the Company. Mr. John Jinshu Zhang will join the compensation committee as the chairperson. After the changes, the Board will consist of six members, four of whom are independent directors, including Mr. Changqing Ye, Mr. Mei-Wei Cheng, Mr. Julian Juul Wolhardt and Mr. &hellip; Continue reading \"Niu Technologies Announces Changes to Board and Committee Compositions\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/niu-technologies-announces-changes-to-board-and-committee-compositions-2\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-23T07:06:19+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5MDQ1NiMzODM5MjY3IzIxMjM3MDY=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/niu-technologies-announces-changes-to-board-and-committee-compositions-2\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/niu-technologies-announces-changes-to-board-and-committee-compositions-2\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Niu Technologies Announces Changes to Board and Committee Compositions","datePublished":"2020-11-23T07:06:19+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/niu-technologies-announces-changes-to-board-and-committee-compositions-2\/"},"wordCount":594,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/niu-technologies-announces-changes-to-board-and-committee-compositions-2\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5MDQ1NiMzODM5MjY3IzIxMjM3MDY=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/niu-technologies-announces-changes-to-board-and-committee-compositions-2\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/niu-technologies-announces-changes-to-board-and-committee-compositions-2\/","name":"Niu Technologies Announces Changes to Board and Committee Compositions - 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