Lotus Cars SPAC Presentation Deck

RISK FACTORS (2/2) Risks Relating to Intellectual Property and Legal Proceedings 1. We may need to defend ourselves against intellectual property right infringement, misappropriation, or other claims, which may be time-consuming and would cause us to incur substantial costs. We may not be able to prevent others from unauthorized use of our intellectual property, which could harm our business and competitive position. 2. 4. 5. 2. Risks Relating to LCAA and the Business Combination 1. 3. We may not be able to adequately obtain or maintain our proprietary and intellectual property rights in our data or technology. As our patents may expire and may not be extended, our patent applications may not be granted, and our patent rights may be contested, circumvented, invalidated, or limited in scope, our patent rights may not protect us effectively. In particular, we may not be able to prevent others from developing or exploiting competing technologies, which could materially and adversely affect our business, financial condition, and results of operations. 5. In addition to patented technologies, we rely on our unpatented proprietary technologies, trade secrets, processes, and know-how. LCAA's current directors' and executive officers' affiliates own LCAA Shares that will be worthless if the Business Combination is not approved. Such interests may have influenced their decision to approve the Business Combination. The process of taking a company public by means of a business combination with a special purpose acquisition company is different from taking a company public through a traditional initial public offering and may create risks for LCAA's unaffiliated investors. The Committee on Foreign Investment in the United States ("CFIUS") may delay, prevent, or impose conditions on the Business Combination. The Founder Shareholders agreed to vote in favor of the Business Combination, regardless of how LCAA Public Shareholders vote. LCAA is dependent upon its directors and officers and their loss could adversely affect LCAA's ability to complete the Business Combination. The foregoing summarizes certain of the general risks related to Lotus Tech and LCAA, and such list is not exhaustive. The foregoing list has been prepared solely for purpose of assisting interested parties in making their own evaluation with respect to the Business Combination and not for any other purpose. You should carefully consider these risks and uncertainties together with the other available information and should carry out your own diligence and consult with your own financial and legal advisors. A more expansive description of the key risk factors will be filed with the SEC as part of the Form F-4 registration statement referred to above and in subsequent filings with the SEC, and such risk factors will be more extensive than, and may differ significantly from, the above summary. 5 LOTUSTECH

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