Lotus Cars SPAC Presentation Deck

6 LUXURY RETAILING EXPERIENCE AND DIGITAL-FIRST, OMNI-CHANNEL SALES MODEL A balanced adoption of various sales models Self-owned Selected flagship stores in tier-1 cities Located in strategically important, high- population cities across the world. i.e., London, Paris, Shanghai Primary customer and brand experience centres LOTUS Partnership¹ Strong ties with partners who have experience with the Lotus brand Ability to scale up fast Asset light model - capex, fixed and operating cost borne by the partner E STRE . Distributor Leveraging existing relationship with distributors - transferring Lotus UK's existing distributor network to Lotus Tech² Distributors bear the inventory cost Asset light model LOTUS Source: Company information 1. Partnership model is known as agent model in Europe 2. On 31 January 2023 and concurrently with the execution of the Merger Agreement, Lotus Technology Innovative Limited, a wholly-owned subsidiary of Lotus Tech ("LTIL"), entered into the Master Distribution Agreement with Lotus Cars Limited, the entity carrying out the sportscar manufacturing operations of Lotus UK, pursuant to which LTIL is appointed as the exclusive global distributor of Lotus UK for all Lotus branded cars in all geographic markets (excluding the U.S., where LTIL will act as the head distributor with the existing regional distributor continuing its functions). The construction of the Company's global sales and distribution platform is anticipated to complete in 3Q 2023 39 LOTUSTECH

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