Lotus Cars SPAC Presentation Deck

DE-SPAC OVERVIEW Transaction Structure Valuation Capital Structure Lotus Tech has entered into a definitive business combination agreement ("BCA") with L Catterton Asia Acquisition Corp (NASDAQ: LCAA). Upon completion of the proposed business combination transaction, Lotus Tech will become a publicly-listed company. In connection with the parties' entry into the BCA, Lotus Tech and Lotus UK (or their applicable subsidiaries) have also entered into the following agreements: • Master Distribution Agreement pursuant to which a subsidiary of Lotus Tech has been appointed the global distributor for Lotus UK • Put option agreements with existing shareholders of Lotus UK pursuant to which each of such shareholders will have the right to require Lotus Tech to acquire such shareholder's stake in Lotus UK at pre-agreed price and upon satisfaction of certain pre-agreed conditions at a future date The combined company will be responsible for sales and marketing for both Lotus BEV and ICE and existing shareholders of Lotus UK will have the right to require the combined company to purchase their stake in Lotus UK in the future Pro forma fully-diluted enterprise value of US$5.6bn, implying "0.9x 2024E revenue and ~0.7x 2025E revenue Current Lotus Tech shareholders will roll 100% of their equity interest into the pro forma company, and retain approximately 87.3% ownership¹ post transaction Note: The calculations on this slide assume an implicit value of US$10.00 per LCAA Class A ordinary share, which is based on convention and is not indicative of the real value of each LCAA Class A ordinary share or the value which the Lotus Tech attributes to each LCAA Class A ordinary share 1. Refer to the next page for ownership details 46 Anne LOTUSTECH

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