Niu Holdings discloses omitted OPS investment details in FY2025 annual report supplement

• Niu Holdings issued a supplemental announcement to its annual report for year ended March 31, 2025, citing an unintentional omission of required details on a significant investment under GEM Listing Rule 18.41(4A).
• Disclosure covered its 15.22% stake in OPS Holdings, classified as a financial asset at fair value through profit or loss, with fair value of HKD 96.8 million as of March 31, 2025, representing 39.8% of total assets.
• Investment cost was about HKD 8.3 million, with an unrealized fair value gain of about HKD 77.7 million driven by Super X AI Technology’s Nasdaq listing on April 17, 2024; no dividends were received.
• Management attributed omission to OPS being reclassified from an associate to a passive financial investment on July 21, 2023, following loss of significant influence, which led to the missing rule-specific detail in the annual report.

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