Glory Achievement Fund Limited, along with Bull Group Limited and BULL TRUST, disclosed a beneficial ownership of 39.8% in Niu Technologies. The filing revealed that between March 13, 2026, and June 12, 2026, Glory Achievement Fund Limited purchased 1,064,110 American Depositary Shares (ADSs), equivalent to 2,128,220 Class A ordinary shares, for approximately $2.5 million.
The purchases were made in the open market and were described as being for investment purposes. The reporting entities indicated that they might increase or decrease their holdings in the future based on market conditions, the company's performance, and other factors. This significant accumulation by a major shareholder could be interpreted by the market as a strong vote of confidence in the electric scooter company's long-term strategy and growth potential.