Wuhan Lotus Technology Co., Ltd. entered into a definitive agreement to acquire L Catterton Asia Acquisition Corp (NasdaqCM:LCAA) from Lca Acquisition Sponsor, Lp and others in a reverse merger transaction on January 31, 2023. As per the transaction, the combined Company will retain its name as Lotus Technology Inc. The transaction is subject to shareholders approval of L Catterton Asia Acquisition Corp and Wuhan Lotus Technology Co., Ltd. and is approved by board of directors of L Catterton Asia Acquisition Corp and Wuhan Lotus Technology Co., Ltd. The transaction is expected to be completed in the latter half of 2023. Deutsche Bank Aktiengesellschaft acted as financial advisor and Huang, Peter X , Du, Shu, Egan, Brian J, Goldner, Bruce , Hollender and Victor Kwok, Steve of Skadden, Arps, Slate, Meagher & Flom and Han Kun Law Offices acted as legal advisors to Wuhan Lotus Technology Co., Ltd. Credit Suisse Securities (USA) LLC acted as financial advisor and Jesse Sheley, Joseph Raymond Casey, Steve Lin and Justin You Zhou of Kirkland & Ellis LLP and Fangda Partners acted as legal advisors to L Catterton Asia Acquisition Corp Harald Halbhuber, Ilir Mujalovic, Kyungwon Lee, Harald Halbhuber, Ilir Mujalovic, and Kyungwon Lee of Shearman & Sterling LLP acted as international legal counsel to Credit Suisse Securities (USA) LLC.

The Depository Trust Company acted as depository bank to Wuhan Lotus Technology Co., Ltd.