Niu Technologies Announces Appointment of New Chief Financial Officer
19 Oktober 2021 - 9:00AM
Niu Technologies (“NIU”, or “the Company”) (NASDAQ: NIU), the
world’s leading provider of smart urban mobility solutions, today
announces that the board of directors of the Company has appointed
Ms. Fion Zhou as the new chief financial officer with effective
date November 15th, 2021.
Fion Zhou will bring to NIU 15 years of
experience working in financial and public companies. Prior to
joining NIU, she served as the chief financial officer of Sogou
Inc. (NYSE: SOGO), a leader in China's internet industry and an
innovator in search and artificial intelligence (AI) since July
2020, where she led financial operations, legal matters, strategic
investment, investor relationship and internal controls. From 2015
to 2019, Ms. Zhou was a finance director of Alibaba Group (NYSE:
BABA) and served as the chief financial officer and other
management positions of Yidian Zixun, a leading mobile news
aggregator in China. Prior to that, she also held senior finance
roles at Viadeo S.A. and Concord Medical Services Holdings Limited.
Ms. Zhou started her career as an auditor at PricewaterhouseCoopers
Zhong Tian in 2006. She received a bachelor’s degree in Financial
Management from the University of International Business and
Economics in 2006 and an Executive MBA from HEC Paris in 2016. Ms.
Zhou is a member of the American Institute of Certified Public
Accountants and a Chartered Global Management Accountant.
Dr. Yan Li, chief executive officer of the
Company, commented, “We are glad to announce that Fion is joining
us as chief financial officer. We are confident that, with her
international educational background and extensive experience in
internet and technology companies, Fion will contribute
significantly to our continued international expansion and
technology innovation.”
About NIU
As the world’s leading provider of smart urban
mobility solutions, NIU designs, manufactures and sells
high-performance electric motorcycles, scooters, bicycles and
kick-scooters. NIU has a product portfolio consisting of eight
series, four electric scooter series, including NQi, MQi, UQi and
Gova, two urban commuter electric motorcycle series RQi and TQi, a
performance electric bicycle series, NIU Aero, and an electric
kick-scooter series, KQi. 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.
Safe Harbor Statement
This press release contains statements that may
constitute forward-looking statements made under the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “likely to”
and similar statements. Among other things, the business outlook
and quotations from management in this announcement, as well as
NIU’s strategic and operational plans, contain forward-looking
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’s
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’s
strategies; NIU’s future business development, financial condition
and results of operations; NIU’s ability to maintain and enhance
its “NIU” 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’s 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.
For investor and media inquiries, please
contact:
Niu Technologies Jason Yang Investor
Relations Manager E-mail: ir@niu.com
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