Lotus Technology Inc., known as Lotus Tech and listed as LOT on Nasdaq, a prominent global provider of intelligent and luxury mobility services, shared on April 16, 2025, that Geely International (Hong Kong) Limited ("Geely") has decided to enact its put option on April 14, 2025. This action mandates Lotus Tech to acquire a 51% stake in Lotus Advance Technologies Sdn Bhd ("Lotus UK") as previously agreed upon in the Put Option Agreement established on January 31, 2023.