Niu Applied sciences Broadcasts Modifications to Board and Committee Compositions Nasdaq:NIU
BEIJING, Nov. 23, 2020 (GLOBE NEWSWIRE) — Niu Applied sciences (“NIU”, or “the Firm”) (NASDAQ: NIU), the world’s main supplier of sensible city mobility options, at the moment introduced modifications to its board of administrators (the “Board”) and committees of the Board. Ms. Jenny Hong Wei Lee has resigned as an unbiased director from the Board and because the chairperson of the compensation committee of the Board. Ms. Jenny Hong Wei Lee’s resignation didn’t outcome from any disagreement with the Firm.
Mr. John Jinshu Zhang will be part of the compensation committee because the chairperson. After the modifications, the Board will include six members, 4 of whom are unbiased administrators, together with Mr. Changqing Ye, Mr. Mei-Wei Cheng, Mr. Julian Juul Wolhardt and Mr. John Jinshu Zhang.
Because the world’s main supplier of sensible city mobility options, NIU designs, manufactures and sells high-performance electrical bicycles and bikes. NIU has a product portfolio consisting of seven collection, 4 e-scooter collection, together with NQi, MQi and UQi with sensible features and Gova, two city commuter electrical bikes collection RQi and TQi, and a efficiency bicycle collection, NIU Aero. Totally different collection of merchandise handle the wants of various segments of contemporary city residents and resolve the calls for of various eventualities of city journey, whereas being united by a typical design language that emphasizes type, freedom and expertise. NIU has adopted an omnichannel retail mannequin, integrating the offline and on-line channels, to supply the services and products. For extra info, please go to www.niu.com.
Protected Harbor Assertion
This press launch comprises statements which will represent forward-looking statements made below the “secure harbor” provisions of the U.S. Personal Securities Litigation Reform Act of 1995. These forward-looking statements could be recognized by terminology comparable to “will,” “expects,” “anticipates,” “goals,” “future,” “intends,” “plans,” “believes,” “estimates,” “prone to” and related statements. NIU may make written or oral forward-looking statements in its periodic experiences to the U.S. Securities and Change Fee, in its annual report back to shareholders, in press releases and different written supplies and in oral statements made by its officers, administrators or workers to 3rd events. Statements that aren’t historic details, together with statements about NIU’s beliefs, plans and expectations, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. Plenty of elements might trigger precise outcomes to vary materially from these contained in any forward-looking assertion, together with however not restricted to the next: NIU’s methods; NIU’s future enterprise growth, monetary situation and outcomes of operations; NIU’s potential to take care of and improve its “NIU” model; its potential to innovate and efficiently launch new services and products; its potential to take care of and broaden its offline distribution community; its potential to fulfill the mandated security requirements regarding e-scooters; its potential to safe provide of elements and uncooked supplies utilized in e-scooters; its potential to fabricate, launch and promote sensible e-scooters assembly buyer expectations; its potential to develop collaboration with operation companions; its potential to manage prices related to its operations; normal financial and enterprise circumstances in China and globally; and assumptions underlying or associated to any of the foregoing. Additional info concerning these and different dangers is included in NIU’s filings with the Securities and Change Fee. All info supplied on this press launch is as of the date of this press launch, and NIU doesn’t undertake any obligation to replace any forward-looking assertion, besides as required below relevant legislation.
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