LI YAN

PrivateCIK: 1968551
Location

BEIJING, F4

LI YAN enters NIU TECHNOLOGIES with 6.91M shares plus derivative instruments

Holding both equity and derivatives at entry signals strong long-term conviction in the company.

Direct Indirect Derivatives
InsiderLI YANCIK 1968551
IssuerNIU TECHNOLOGIESCIK 1744781
DirectorOfficer· Chief Executive Officer
Since Mar 2026
6.91M
Baseline shares
4% direct
292.50K
Direct ownership
1 position
3.06M
Derivative underlying
3 instruments
2
Security positions
6.62M indirect
Non-Derivative Holdings2

Class B ordinary shares

Indirect
Shares owned6.62M

American depositary shares

Direct
Shares owned292.50K
Total
292.50K direct·6.62M indirect6.91M
Derivative Holdings3

Restricted share units

Direct
Underlying security
Class A ordinary shares

Underlying shares

1.13M

Shares owned

N/A

Exercise price

Expiration

Exercise window

Restricted share units

Direct
Underlying security
Class A ordinary shares

Underlying shares

1M

Shares owned

N/A

Exercise price

Expiration

Exercise window

Options

Direct
Underlying security
Class A ordinary shares

Underlying shares

930K

Shares owned

N/A

Exercise price

3.425

Expiration

Exercise window

Total

Underlying

3.06M

Owned

0.00

LI YAN — Initial Ownership Disclosure (Form 3) Filed Mar 6, 2026 | Finecho