SCHEDULE: Etika Automotive Discloses 27.8% Stake in Lotus Tech

Etika Automotive Sdn Bhd reports beneficial ownership of 179,754,096 ordinary shares in Lotus Technology Inc. following a put option settlement.

Summary

• Etika Automotive Sdn Bhd now holds 179,754,096 ordinary shares of Lotus Technology Inc.
• This stake represents 27.8% of the total issued and outstanding ordinary shares as of May 20, 2026.
• The acquisition resulted from the settlement of a put option agreement related to equity interests in Lotus Advance Technologies Sdn. Bhd.
• Etika received 23,517,767 shares on June 10, 2026, as part of the final settlement process.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative disclosure confirming the completion of a previously announced corporate restructuring.

Positives

• Consolidation of ownership interests simplifies the corporate structure between Etika and Lotus Technology.
• The transaction confirms the successful execution of previously agreed-upon put option arrangements.

Negatives

• The reporting person now holds a significant concentrated position, which may impact future liquidity of the stock.

Risks

• Market volatility associated with the significant shareholding concentration.
• Potential regulatory scrutiny regarding the ownership structure and related party transactions.

Future Outlook

The reporting person states they have no present plans or proposals relating to further transactions involving the issuer's securities beyond those described in the filing.

Management Comments

• The reporting person certifies that the information set forth in the statement is true, complete, and correct.

Industry Context

StockSavvy.ai notes that this filing reflects the ongoing restructuring of the Lotus brand's ownership under the Geely umbrella, signaling a move toward centralized control of the EV manufacturer's equity.

Comparison to Industry Standards

• The transaction aligns with standard consolidation practices seen in automotive joint ventures where parent entities move assets into the primary listed vehicle.
• The 27.8% stake is consistent with significant influence thresholds often seen in strategic automotive partnerships.

Legal Proceedings

• None reported.

Related Party Transactions

• The transaction involves the settlement of put options between the Issuer, Geely HK, and Etika, all of which are linked through the ownership of Lotus Advance Technologies Sdn. Bhd.

Stakeholder Impact

• Shareholders may see increased stability in the ownership structure following the finalization of the put option settlements.

Next Steps

• Ongoing monitoring of the reporting person's holdings for any future changes in intent or divestment.

Key Dates

Keywords

Lotus Technology, Etika Automotive, Schedule 13D, Shareholder Disclosure, Automotive Investment, Geely