UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of August 2025
Commission File Number: 001-41970
Lotus Technology Inc.
(Translation of registrant’s name into English)
No. 800 Century Avenue
Pudong District, Shanghai, People’s Republic
of China
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F o
INFORMATION CONTAINED
IN THIS REPORT ON FORM 6-K
Share Buyback Agreement
On August 27, 2025, Lotus
Technology Inc. (the “Company”) entered into an share buyback agreement (the “Share Buyback Agreement”) with Meritz
Securities Co., Ltd. (“Meritz”) pursuant to which Meritz agrees to sell, and the Company agrees to repurchase, 32,500,000
American depository shares of the Company(the “ADSs”) for an aggregate purchase price equal to US$387,366,127. Ordinary Shares
underlying the repurchased ADSs constitute a part of the 50,000,000 Ordinary Shares issued by the Company to Meritz for an aggregate subscription
price of US$500,000,000 concurrently with the closing of the business combination between the Company and L Catterton Asia Acquisition
Corp on February 22, 2024, pursuant to the share subscription agreement between the Company and Meritz, dated November 15, 2023
(as subsequently amended and supplemented, the “Subscription Agreement”). The Company intends to settle the repurchase price
from proceeds receivable from the sale of U.S. treasury bonds that were previously charged in favor of and rehypothecated by Mertiz plus
additional cash for any shortfall. Closing of the repurchase is expected to take place on or about September 5, 2025. Upon closing, the
Subscription Agreement, including all obligations of the Company thereunder, will terminate and be of no further force or effect.
A copy of the Share Buyback
Agreement is included in this current report on Form 6-K as Exhibit 10.1, and the foregoing description of the Share Buyback
Agreement is qualified in its entirety by reference thereto.
Change in Board Composition
The board of directors
of the Company has appointed Ms. Ada Yunfeng Yan, an independent director of the Company, as a member of the compensation committee of
the Company effective from August 27, 2025. Upon such appointment, the compensation committee consists of Mr. Donghui Li, Ms. Ada Yunfeng
Yan and Ms. Catherine Hongjun Cai with Mr. Donghui Li as the chairperson.
Incorporation by Reference
This current report on
Form 6-K, including the exhibit hereto, is incorporated by reference into the pre-effective amendment No. 1 to the registration statement
on Form F-3 (File No. 333-285533), post-effective amendment No. 3 to the registration statement on Form F-1 on Form F-3 (File No. 333-279108)
and the post-effective amendment No. 2 to the registration statement on Form F-1 on Form F-3 (File No. 333-282217) and shall be a part
of such registration statements from the date on which this current report is furnished, to the extent not superseded by documents or
reports subsequently filed or furnished.
EXHIBIT INDEX
Exhibit No. |
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Description |
10.1 |
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Share Buyback Agreement |
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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Lotus Technology Inc. |
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By |
: |
/s/ Daxue Wang |
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Name |
: |
Daxue Wang |
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Title |
: |
Chief Financial Officer |
Date: August 29, 2025