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Niu Technologies (NIU)

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Institutional Investors' Holdings

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No.	Name	Shares	Value	% Port
1.	State Street Corp	3,373,478	$11,334,886	0%
2.	Invesco Ltd.	1,238,505	$4,161,377	0%
3.	Morgan Stanley	939,385	$3,156,333	0%
4.	Canada Pension Plan Investment Board	364,700	$1,225,392	0%
5.	Connor, Clark & Lunn Investment Management Ltd.	364,382	$1,224,324	0%