Lotus Technology Inc. Convertible Note Agreement with Geely International

Lotus Technology Inc. has entered into a convertible note purchase agreement with Geely International (Hong Kong) Limited for an aggregate principal amount of US$128,324,684.58. The note will mature 364 days after issuance and will bear interest at a rate equal to SOFR plus 3.35%. The note is convertible into ordinary shares or ADSs of Lotus Technology Inc. at the option of the investor, with the conversion price based on the volume-weighted average price of the ADSs over a 10-day period. The note will rank senior to all other unsecured and unsubordinated indebtedness of the company, except for certain specific exceptions. The transaction is subject to customary closing conditions and is expected to close in June 2026. This filing includes the convertible note purchase agreement and the form of the convertible note as exhibits.