<SEC-DOCUMENT>0001104659-23-079272.txt : 20230914
<SEC-HEADER>0001104659-23-079272.hdr.sgml : 20230914
<ACCEPTANCE-DATETIME>20230710060718
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001104659-23-079272
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20230710

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Niu Technologies
		CENTRAL INDEX KEY:			0001744781
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTOR VEHICLES & PASSENGER CAR BODIES [3711]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		NO.1 BLDG., NO. 195 HUILONGGUAN EAST RD.
		STREET 2:		CHANGPING DISTRICT
		CITY:			BEIJING
		STATE:			F4
		ZIP:			102208
		BUSINESS PHONE:		861064321899

	MAIL ADDRESS:	
		STREET 1:		NO.1 BLDG., NO. 195 HUILONGGUAN EAST RD.
		STREET 2:		CHANGPING DISTRICT
		CITY:			BEIJING
		STATE:			F4
		ZIP:			102208
</SEC-HEADER>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>NIU
TECHNOLOGIES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">No.1 Building, No.&nbsp;195 Huilongguan East Road,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Changping District, Beijing 102208</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">People&rsquo;s Republic of China</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">July&nbsp;10, 2023</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>VIA EDGAR</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ms.&nbsp;Beverly Singleton</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ms.&nbsp;Melissa Gilmore</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ms.&nbsp;Jennifer Thompson</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mr.&nbsp;Chris Dunham</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Division of Corporation Finance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Office of Manufacturing</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">100 F Street, N.E.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>RE: Niu Technologies (the &ldquo;Company&rdquo;)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><B>Annual Report on Form&nbsp;20-F for the Fiscal
Year Ended December&nbsp;31, 2022</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><B>Filed on April&nbsp;21, 2023</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>File
No.&nbsp;001-</U></B></FONT><B><U> 38696&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Dear Ms.&nbsp;Singleton,
Ms.&nbsp;Gilmore, Ms.&nbsp;Thompson and Mr.&nbsp;Dunham</FONT>:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This letter sets forth the Company&rsquo;s response
to the comments contained in the letter dated June&nbsp;26, 2023 from the staff (the &ldquo;<B>Staff</B>&rdquo;) of the Securities and
Exchange Commission (the &ldquo;<B>Commission</B>&rdquo;) regarding the Company&rsquo;s annual report on Form&nbsp;20-F for the fiscal
year ended December&nbsp;31, 2022 filed with the Commission on April&nbsp;21, 2023 (the &ldquo;<B>2022 Form&nbsp;20-F</B>&rdquo;). The
Staff&rsquo;s comments are repeated below in bold and followed by the Company&rsquo;s responses thereto. All capitalized terms used but
not defined in this letter shall have the meaning ascribed to such terms in the 2022 Form&nbsp;20-F.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Form&nbsp;20-F for the Fiscal Year Ended
December&nbsp;31, 2022</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Provisions Required from the PRC Government
Authorities for Our Operations, page&nbsp;8</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.45in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>1.</B></FONT></TD><TD STYLE="text-align: left"><B>Please expand your discussion to address the following, specifically beginning with stating affirmatively
whether you have received all requisite permissions or approvals,&nbsp;etc.:</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Symbol">&middot;</FONT></FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Disclose each permission or approval that you, your subsidiaries, or the
VIEs are required to obtain from Chinese authorities to operate your business and to offer the securities being registered to foreign
investors. State whether you, your subsidiaries, or VIEs are covered by permissions requirements from the China Securities Regulatory
Commission (CSRC), Cyberspace Administration of China (CAC) or any other governmental agency that is required to approve the VIE&rsquo;s
operations, and state affirmatively whether you have received all requisite permissions or approvals and whether any permissions or approvals
have been denied. Please also describe the consequences to you and your investors if you, your subsidiaries, or the VIEs: (i)&nbsp;do
not receive or maintain such permissions or approvals, (ii)&nbsp;inadvertently conclude that such permissions or approvals are not required,
or (iii)&nbsp;applicable laws, regulations, or interpretations change and you are required to obtain such permissions or approvals in
the future.</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Division of Corporation Finance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Office of Manufacturing</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Securities
and Exchange Commission</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT>July&nbsp;10, 2023</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Page&nbsp;2</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in">In response to the Staff&rsquo;s comment, the Company respectfully
proposes to include the following revised disclosure (page&nbsp;reference is made to the 2022 Form&nbsp;20-F to illustrate the approximate
location of the disclosure) as shown below in its Form&nbsp;20-F amendment (with deletions shown in strikethrough and additions underlined),
subject to updates and adjustments to be made in connection with any material development of the subject matter being disclosed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">Page&nbsp;8</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in">&ldquo;<B>Permissions Required from the PRC Government Authorities
for Our Operations</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif">We
conduct our business primarily through our subsidiaries and the VIE in mainland China. Our operations in mainland China are governed by
the laws and regulations of mainland China. As of the date of this annual report, our mainland China subsidiaries and the VIE have obtained
<U>all</U> <STRIKE>the</STRIKE> requisite licenses, <STRIKE>and</STRIKE> permits <U>and approvals</U> from the PRC government authorities
for the business operations of our subsidiaries and the VIE in mainland China<STRIKE>, including, among others, CCC certification and
ICP License</STRIKE>. <U>These permissions and approvals include, among others, CCC certification,&nbsp;ICP License, Production License
for National Industrial Products, and Motorcycle Production Access Certificate. For more information, see &ldquo;Item 4.B. Information
on the Company&mdash;Business Overview &mdash; Regulations.&rdquo; </U></FONT><U>Our mainland China subsidiaries and the VIE have not
been denied for any permission or approval from any PRC government authority with respect to the operation of our business. As of the
date of this annual report, under current PRC laws, regulations and rules, we, our mainland China subsidiaries and the VIE are not required
to obtain permissions from the China Securities Regulatory Commission, or the CSRC, or go through cybersecurity review by the Cyberspace
Administration of China, or the CAC, or obtain permission or approval from other PRC government authorities with respect to the operation
of our business and previous issuances of securities by our company to foreign investors, except for the permissions or approvals listed
above that have been obtained. However, given the uncertainties of interpretation and implementation of relevant laws and regulations
and the enforcement practice by relevant government authorities, we may be required to obtain additional licenses, permits, filings or
approvals to operate business or offer securities to foreign investors, and may not be able to maintain or renew our current licenses,
permits, filings or approvals. If we, our mainland China subsidiaries and the VIE (i)&nbsp;do not receive or maintain any necessary permissions
or approvals from PRC authorities to operate business or offer securities being registered to foreign investors, (ii)&nbsp;inadvertently
conclude that such permissions or approvals are not required, or (iii)&nbsp;if applicable laws, regulations, or interpretations change
and we are required to obtain such permissions or approvals in the future, we cannot assure you that we will be able to obtain the necessary
permissions or approvals in a timely manner, or at all, and such approvals may be rescinded even if obtained. Any such circumstance could
subject us to penalties, including fines, suspension of business and revocation of required licenses, significantly limit or completely
hinder our ability to continue to offer securities to investors, and cause the value of our ADSs to significantly decline or be worthless.</U>
<FONT STYLE="font-family: Times New Roman, Times, Serif">For more detailed information, see &ldquo;Item 3. Key Information&mdash;D. Risk
Factors&mdash;Risks Relating to Our Business and Industry&mdash;We may be adversely affected by the complexity, uncertainties and changes
in the regulation on internet-related businesses and companies in mainland China.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in">[&hellip;]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Division of Corporation Finance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Office of Manufacturing</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Securities
and Exchange Commission</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT>July&nbsp;10, 2023</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Page&nbsp;3</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.45in"><B>2.</B></TD><TD STYLE="text-align: left"><B>With regard to your discussion of the new CSRC Overseas Listing Trial Measures which took effect on
March&nbsp;31, 2023, please disclose how, if at all, the Overseas Listing Trial Measures apply to you, your subsidiaries and the VIE and
its subsidiaries and whether all relevant parties have complied with your obligations under the Overseas Listing Trial Measures, and the
risks to investors of non-compliance.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in">In response to the Staff&rsquo;s comment, the Company respectfully
proposes to include the following revised disclosure (page&nbsp;reference is made to the 2022 Form&nbsp;20-F to illustrate the approximate
location of the disclosure) as shown below in its Form&nbsp;20-F amendment (with deletions shown in strikethrough and additions underlined),
subject to updates and adjustments to be made in connection with any material development of the subject matter being disclosed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">Page&nbsp;8</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;</FONT><B><U>Permissions
Required from the PRC Authorities for Overseas Financing Activities</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">Meanwhile,
the PRC government has recently sought to exert more oversight and control over capital raising activities of listed companies that are
conducted overseas and/or foreign investment in China-based issuers. In December&nbsp;2021, the Cyberspace Administration of China, or
the CAC, together with other authorities, jointly promulgated the Cybersecurity Review Measures, which became effective on February&nbsp;15,
2022 and replaced its predecessor regulation. Pursuant to the Cybersecurity Review Measures, critical information infrastructure operators
that procure internet products and services and network platform operators that conduct data process activities must be subject to the
cybersecurity review if their activities affect or may affect national security. The Cybersecurity Review Measures further stipulates
that network platform operators that hold personal information of over one million users shall apply with the Cybersecurity Review Office
for a cybersecurity review before any public offering at a foreign stock exchange. On February&nbsp;17, 2023, China Securities Regulatory
Commission, or the CSRC, released several regulations regarding the filing requirements for overseas offerings and listings by domestic
companies, including the Trial Administrative Measures of Overseas Securities Offering and Listing by Domestic Companies and five supporting
guidelines (collectively, the &ldquo;Overseas Listing Trial Measures&rdquo;), which took effect on March&nbsp;31, 2023. According to the
Overseas Listing Trial Measures, <STRIKE>the overseas offering and listing by a mainland China domestic company, whether directly or indirectly,
shall be filed </STRIKE><U>PRC domestic enterprises that have completed overseas listings are not required to make any immediate filing
</U>with the CSRC. <U>However, such companies will be required to comply with the filing requirements under the Overseas Listing Trial
Measures if and when they pursue any future securities offerings and listings outside of mainland China, including but not limited to
follow-on offerings and secondary listings.</U> Any failure to obtain or delay in obtaining such approval or completing such <U>review
or filing</U> procedures </FONT><U>under the Overseas Listing <FONT STYLE="font-family: Times New Roman, Times, Serif">Trial </FONT>Measures
or otherwise, for any future securities offerings and listings outside of mainland China, including but not limited to follow-on offerings
and secondary listings,</U> <FONT STYLE="font-family: Times New Roman, Times, Serif">could subject us to restrictions and penalties imposed
by the CSRC, which could include fines and penalties on our operations in <U>mainland</U> China, delays of or restrictions on the repatriation
of the proceeds from our offshore offerings into <U>mainland</U> China, <U>restrictions on or delays to our future financing transactions
offshore,</U> or other actions that could materially and adversely affect our business, financial condition, results of operations, and
prospects, as well as the trading price of our ADSs.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Division of Corporation Finance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Office of Manufacturing</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Securities
and Exchange Commission</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT>July&nbsp;10, 2023</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Page&nbsp;4</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>As
of the date of this annual report, </U></FONT><U>under current PRC laws, regulations and rules, we, our mainland China subsidiaries and
the VIE are not required to obtain permissions from the CSRC, or go through cybersecurity review by the CAC, or obtain permission or approval
from other PRC government authorities with respect to previous issuances of securities by our company to foreign investors. </U><FONT STYLE="font-family: Times New Roman, Times, Serif">For
more detailed information, see &ldquo;Item 3. Key Information&mdash;D. Risk Factors&mdash;Risks Related to Doing Business in China&mdash;The
filing, approval or other administration requirements of the CSRC or other PRC government authorities may be required in connection with
our offshore offerings under PRC law, and, if required, we cannot predict whether or for how long we will be able to complete such filing,
obtain such approval or meet such requirements.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Risks Related to Doing Business in China</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>The PRC government's significant oversight
over our business operation could result in a material adverse change in our operations , page&nbsp;43</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.45in"><B>3.</B></TD><TD STYLE="text-align: left"><B>Please expand the discussion in the second sentence to clarify that the PRC government may intervene
or influence your operations at any time, which could result in a material change in your operations and/or the value of your securities.
Also, given recent statements by the Chinese government indicating an intent to exert more oversight and control over offerings that are
conducted overseas and/or foreign investment in China-based issuers, acknowledge the risk that any such action could significantly limit
or completely hinder your ability to offer or continue to offer securities to investors and cause the value of such securities to significantly
decline or be worthless. Reference is made to your disclosure in the second to last paragraph on page&nbsp;4.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT>Division of Corporation
Finance</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT>Office of Manufacturing</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Securities
and Exchange Commission</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT><FONT>July&nbsp;10, 2023</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Page&nbsp;5</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in">In response to the Staff&rsquo;s comment, the Company respectfully
proposes to include the following revised disclosure (page&nbsp;reference is made to the 2022 Form&nbsp;20-F to illustrate the approximate
location of the disclosure) as shown below in its Form&nbsp;20-F amendment (with deletions shown in strikethrough and additions underlined),
subject to updates and adjustments to be made in connection with any material development of the subject matter being disclosed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">Page&nbsp;43</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>&ldquo;</I></B></FONT><B><I>The
PRC government&rsquo;s significant oversight over our business operation could result in a material adverse change in our operations and
the value of our ADSs.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif">We
conduct our business primarily in mainland China. Our operations in mainland China are governed by the laws and regulations of mainland
China. The PRC government has significant oversight over the conduct of our business, and may intervene or influence our operations as
the government deems appropriate to advance regulatory and societal goals and policy positions</FONT><U>, which could result in a material
adverse change in our operations, and our ordinary shares and ADSs may decline in value or become worthless</U>. The PRC government has
recently published new policies that significantly affected certain industries and we cannot rule&nbsp;out the possibility that it will
in the future release regulations or policies that directly or indirectly affect our industry or require us to seek additional permission
to continue our operations, which could result in a material adverse change in our operation and/or the value of our ADSs. <U>Also, the
PRC government has recently promulgated certain regulations and rules&nbsp;to exert more oversight and control over offerings that are
conducted overseas and foreign investment in mainland China-based issuers. Any such action could significantly limit or completely hinder
our ability to offer or continue to offer securities to investors, and our ordinary shares and ADSs may decline in value or become worthless.
</U>Therefore, investors of our company and our business face potential uncertainty from actions taken by the PRC government affecting
our business.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT>Division of Corporation
Finance</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT>Office of Manufacturing</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Securities
and Exchange Commission</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT><FONT>July&nbsp;10, 2023</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Page&nbsp;6</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Risks Related to Our ADSs</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Certain judgments obtained against us by
our shareholders may not be enforceable, page&nbsp;58</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.45in"><B>4.</B></TD><TD STYLE="text-align: left"><B>In addition to this Risk Factor disclosure, please provide a separate Enforceability section to disclose
the difficulty of bringing actions and enforcing judgments against your officers and directors who appear to be located in China.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in">In response to the Staff&rsquo;s comment, the Company respectfully
proposes to include the following revised disclosure (page&nbsp;reference is made to the 2022 Form&nbsp;20-F to illustrate the approximate
location of the disclosure) as shown below in its Form&nbsp;20-F amendment (with deletions shown in strikethrough and additions underlined),
subject to updates and adjustments to be made in connection with any material development of the subject matter being disclosed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in">Page&nbsp;58</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in">&ldquo;<B><I>Certain judgments obtained against us <U>and
our directors and officers</U> by our shareholders may not be enforceable.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in">We are a Cayman Islands exempted company and all of our
assets are located outside of the United States. <STRIKE>All </STRIKE><U>Substantially all </U>of our current operations are conducted
in mainland China. <STRIKE>In addition, all of our current directors and officers are nationals and residents of countries other than
the United States</STRIKE>. <STRIKE>Substantially all of the assets of these persons are located outside the United States.</STRIKE> As
a result, it may be difficult or impossible for you to bring an action against us <STRIKE>or against these individuals</STRIKE> in the
United States in the event that you believe that your rights have been infringed under the U.S. federal securities laws or otherwise.
Even if you are successful in bringing an action of this kind, the laws of the Cayman Islands and of mainland China may render you unable
to enforce a judgment against our assets <STRIKE>or the assets of our directors and officers</STRIKE>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in"><U>In addition, some of our directors and officers reside
within China or are PRC nationals. As a result, it may also be difficult or impossible for you to bring an action against our directors
and officers in the United States in the event that you believe that your rights have been infringed under the U.S. federal securities
laws or otherwise. Even if you are successful in bringing an action of this kind, the laws of the Cayman Islands and of mainland China
may render you unable to enforce a judgment against the assets of our directors and officers.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in"><U>The recognition and enforcement of foreign judgments
are provided for under the PRC Civil Procedures Law. PRC courts may recognize and enforce foreign judgments in accordance with the requirements
of the PRC Civil Procedures Law based either on treaties between China and the country where the judgment is made or on principles of
reciprocity between jurisdictions. China does not have any treaties or other forms of written arrangement with the United States that
provide for the reciprocal recognition and enforcement of foreign judgments. In addition, according to the PRC Civil Procedures Law, the
PRC courts will not enforce a foreign judgment against us or our directors and officers if they decide that the judgment violates the
basic principles of PRC laws or national sovereignty, security or public interest. As a result, it is uncertain whether and on what basis
a PRC court would enforce a judgment rendered by a court in the United States.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT>Division of Corporation
Finance</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT>Office of Manufacturing</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Securities
and Exchange Commission</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT><FONT>July&nbsp;10, 2023</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Page&nbsp;7</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Item 16I. Disclosure Regarding Foreign Jurisdictions
that Prevent Inspections, page&nbsp;137</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.45in"><B>5.</B></TD><TD STYLE="text-align: left"><B>We note your statement that you reviewed your register of members and public filings made by your shareholders
in connection with your required submission under paragraph (a). Please supplementally describe any additional materials that were reviewed
and tell us whether you relied upon any legal opinions or third party certifications such as affidavits as the basis for your submission.
In your response, please provide a similarly detailed discussion of the materials reviewed and legal opinions or third party certifications
relied upon in connection with the required disclosures under paragraphs (b)(2)&nbsp;and (3).</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: left">In connection with the required submission
under paragraph (a)&nbsp;and the required disclosure under (b)(3)&nbsp;of Item 16I, the Company respectfully supplements that it relied
on the Schedule 13Gs and the amendments thereto filed by the Company&rsquo;s major shareholders. The Company believes such reliance is
reasonable and sufficient, because such major shareholders are legally obligated to file beneficial ownership schedules with the Commission.
Based on the examination of the Company&rsquo;s register of members as well as the Schedule 13Gs and the amendments thereto, other than
Glory Achievement Fund Limited and Niu Holding Inc. Limited, no shareholder beneficially owned 5% or more of the Company&rsquo;s total
outstanding ordinary shares as of February&nbsp;28, 2023. Based on the review of the public filings, Glory Achievement Fund Limited is
ultimately and wholly held by a trust, which has Mr.&nbsp;Yi&rsquo;nan Li as the beneficiary and is administered by an independent trustee
and is not owned or controlled by a governmental entity of mainland China. Niu Holding Inc. is a BVI business company, which is 82.7%
owned by LUCK GENIE HOLDINGS LIMITED, a BVI business company, and 17.3% owned by WEALTH ERUPT HOLDINGS LIMITED, a BVI business company.
LUCK GENIE HOLDINGS LIMITED is wholly owned by Legend Champ Investment Limited, a BVI business company. Legend Champ Investment Limited
is wholly owned by Token Who Cares Trust. The settlor and beneficiary of Token Who Cares Trust is Mr.&nbsp;Token Yilin Hu. WEALTH ERUPT
HOLDINGS LIMITED is beneficially owned by Mr.&nbsp;Carl Chuankai Liu. Based on the foregoing, the Company believes that it is not owned
or controlled by a governmental entity of mainland China and that the governmental entities in mainland China do not have a controlling
financial interest in the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: left">In addition, as disclosed in the 2022
Form&nbsp;20-F, the Company is the primary beneficiary of the VIE. The Company has the power to direct the activities that most significantly
affect the economic performance of the VIE and receives the economic benefits of and absorb losses that potentially could be significant
to the VIE. The shareholders of the VIE are all natural persons, as disclosed in the 2022 Form&nbsp;20-F. Therefore, the VIE is not owned
or controlled by a governmental entity of mainland China, and the governmental entities in mainland China do not have a controlling financial
interest in the VIE.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT>Division of Corporation
Finance</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT>Office of Manufacturing</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Securities
and Exchange Commission</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT><FONT>July&nbsp;10, 2023</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Page&nbsp;8</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">In
connection with the required disclosure under paragraph (b)(2)&nbsp;of Item 16I, the Company respectfully submits that, based on its register
of members as of February&nbsp;28, 2023, its shareholders included: (i)&nbsp;CITI (NOMINEES) LIMITED,</FONT> (ii)&nbsp;Glory Achievement
Fund Limited, (iii)&nbsp;Niu Holding Inc., (iv)&nbsp;ELLY Holdings Limited, a BVI business company wholly owned by Dr.&nbsp;Yan Li, the
Chairman of the Board of Directors and Chief Executive Officer of the Company, and (v)&nbsp;certain institutional investors. CITI (NOMINEES)
LIMITED is the nominee for the depositary of the Company&rsquo;s ADSs and acts as the attorney-in-fact for the ADS holders. It would present
an undue hardship for the Company to verify the background of each ADS holder due to the large number of such holders, and the Company
could only rely on the Schedule 13Gs and the amendments thereto filed by the beneficial owners of 5% or more of the Company&rsquo;s shares.
Based on such public filings, none of the holders who own 5% or more of the Company&rsquo;s shares is a governmental entity in the Cayman
Islands. In terms of Glory Achievement Fund Limited and Niu Holding Inc., based on the foregoing, the Company believes that none of them
is owned or controlled by a governmental entity of the Cayman Islands. Therefore, to the best of the Company&rsquo;s knowledge, no governmental
entities in the Cayman Islands owns any share of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: left">The Company respectfully submits that
it did not rely upon any legal opinions or third party certifications such as affidavits as the basis of its submission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.45in"><B>6.</B></TD><TD STYLE="text-align: left"><B>In order to clarify the scope of your review, please supplementally describe the steps you have taken
to confirm that none of the members of your board or the boards of your consolidated foreign operating entities are officials of the Chinese
Communist Party. For instance, please tell us how the board members&rsquo; current or prior memberships on, or affiliations with, committees
of the Chinese Communist Party factored into your determination. In addition, please tell us whether you have relied upon third party
certifications such as affidavits as the basis for your disclosure.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
Company respectfully submits to the Staff that the Company has asked all of its directors to complete a questionnaire as part of its annual
compliance procedures. Each director confirmed in such questionnaire that such director is not an official of the Chinese Communist Party.
In addition, the Company respectfully submits that, based on information provided by the directors of the consolidated foreign operating
entities and to the best of the Company&rsquo;s knowledge, none of such director is an official of the Chinese Communist Party. </FONT>The
Company respectfully submits that it did not rely upon any legal opinions or third party certifications such as affidavits as the basis
of its submission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT>Division of Corporation
Finance</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT>Office of Manufacturing</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Securities
and Exchange Commission</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT><FONT>July&nbsp;10, 2023</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Page&nbsp;9</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.45in"><B>7.</B></TD><TD STYLE="text-align: left"><B>With respect to your disclosure pursuant to Item 16I(b)(5), we note that you have included language
that such disclosure is &ldquo;to our knowledge.&rdquo; Please supplementally confirm without qualification, if true, that your articles
and the articles of your consolidated foreign operating entities do not contain wording from any charter of the Chinese Communist Party.</B></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: left">With respect to the required submission
under paragraphs (b)(5)&nbsp;of Item 16I, the Company respectfully confirms that the articles of the Company and of its consolidated foreign
operating entities do not contain wording from any charter of the Chinese Communist Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Item 19. Exhibits, page&nbsp;Exhibits</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.45in"><B>8.</B></TD><TD STYLE="text-align: left"><B>Refer to the Certifications of the Chief Executive Officer and Chief Financial Officer at Exhibits
13.1 and 13.2, respectively. We note the first paragraph of each exhibit refers to the prior year ended December&nbsp;31, 2021, rather
than the current year ended December&nbsp;31, 2022. Please amend your December&nbsp;31, 2022 Annual Report on Form&nbsp;20-F in its entirety
to properly include corrected Exhibits 13.1 and 13.2. We refer you to Compliance&nbsp;&amp; Disclosure Interpretations (&quot;C&amp;DIs&quot;)
Section&nbsp;246.14 of Regulation S-K.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">In
response to the Staff&rsquo;s comment, the Company undertakes to file an amendment to </FONT>the 2022 Form&nbsp;20-F with the Commission
to include the corrected Exhibits 13.1 and 13.2 as soon as the Company clears the Staff's comments on the 2022 Form&nbsp;20-F.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">*</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">*</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">If you have any additional
questions or comments regarding the 2022 Form&nbsp;20-F, please contact the undersigned at +86 10-6432-1899 or the Company&rsquo;s U.S.
counsel, Shu Du of Skadden, Arps, Slate, Meagher&nbsp;&amp; Flom LLP at +852 3740 4858 or shu.du@skadden.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Sincerely yours,</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Niu Technologies</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%"><FONT STYLE="font-size: 10pt">/s/ Fion Wenjuan Zhou</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Name: Fion Wenjuan Zhou</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Title: &#8239;&#8239;Chief Financial Officer</FONT></TD></TR>
  </TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">cc:</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">Shu
Du,&nbsp;Esq., Partner, Skadden, Arps, Slate, Meagher&nbsp;&amp; Flom LLP</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">Vincent Xu, Partner, KPMG Huazhen LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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