Lotus Technology Inc. announced that it has entered into a securities purchase agreement to issue senior convertible note A for a principal amount of CNY 400,000,000 and convertible note B for a principal amount of CNY 400,000,000 for the gross proceeds of CNY 800,000,000 on June 24, 2024. The transaction will include participation from Geely International (Hong Kong) Limited. The transaction will be closed in two tranches.