Zafar Aziz
Deutsche Bank Aktiengesellschaft

Hello, and welcome to the 30th Deutsche Bank Deposit Receipts Virtual Investor Conference, dbVIC. My name is Zafar Aziz from the DR Investor Relations Advisory team at Deutsche Bank. I'm pleased to announce that our next presentation will be from Lotus Technology. Before handing over to our presenter, some points to note. Please submit your questions at any time throughout the presentation. Finally, all of today's presentations will be recorded and can be accessed by the Deutsche Bank website, adr.db.com. At this point, I'm very pleased to welcome our speaker from Lotus Technology.

Daxue Wang
Chief Financial Officer

Hello. Good morning, afternoon, and dear investors, partners and friends, welcome to Lotus Tech 2026 Investor Presentation. My name is Daxue Wang, the Chief Financial Officer of Lotus Tech. Today, we will walk you through our iconic heritage, product portfolio, global footprint, operational progress, 2025 financial performance and our path to sustainable growth. Thank you so much for being here and for your continued support in Lotus Tech. And before we begin, please allow me to remind you that this presentation is for information purpose only, contains forward-looking statements and does not constitute an offer to sell or solicitation to buy securities. Our figures and projections are subject to risks and uncertainties, and actual results may differ.

Please refer to our SEC filings for full details. And today, I want to begin with our core investment highlights that makes Lotus Tech unique and compelling players in the global luxury vehicle market. First, we are a legendary racing heritage since 1948. So Lotus is not simply an automaker. We