On February 22, 2024 (the ? Closing Date?), L Catterton Asia Acquisition Corp. (?

SPAC? or ? LCAA ?), an exempted company limited by shares incorporated under the laws of the Cayman Islands consummated its previously disclosed business combination (the ?

Business Combination?) in accordance with the terms of the First Amended and Restated Agreement and Plan of Merger, dated as of October 11, 2023 (the ? Merger Agreement?), by and among LCAA, Lotus Technology Inc. (the ? Company ?

or ? Lotus Tech ?), Lotus Temp Limited (? Merger Sub 1?), a wholly-owned subsidiary of the Company, and Lotus EV Limited (?

Merger Sub 2?), a wholly-owned subsidiary of the Company. Capitalized terms not otherwise defined have the meaning set forth in the Merger Agreement. In accordance with the Merger Agreement, LCAA merged with and into Merger Sub 2 and upon the Second Effective Time, LCAA ceased to exist and each of LCAA?s officers and directors forthwith ceased to serve as an officer or a director of LCAA.

These resignations were not resulted from any disagreement between LCAA and the officers and directors on any matter relating to LCAA?s operations, policies or practices.