Lotus Technology Flags Material Weaknesses in EU and UK Financial Controls

Reuters01-01

<a href="https://laohu8.com/S/LOT">Lotus</a> Technology Flags Material Weaknesses in EU and UK Financial Controls

Lotus Technology Inc. has replaced KPMG Huazhen LLP with Grant Thornton Zhitong Certified Public Accountants LLP as its independent registered public accounting firm, effective December 31, 2025. While KPMG’s audit reports for the years ended December 31, 2024 and 2023 did not contain adverse opinions, they included a separate paragraph expressing substantial doubt about the company's ability to continue as a going concern due to ongoing losses, accumulated deficit, net current liabilities, and negative operating cash flow. The company is collaborating with both firms to ensure a smooth transition.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lotus Technology Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-125648), on December 31, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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