Deutsche Bank named depositary bank for Lotus Technology Inc.’s American Depositary Receipt program
Deutsche Bank announced its appointment as the depositary bank for the American Depositary Receipt program of Lotus Technology Inc., a leading global luxury electric vehicle maker. Lotus Technology Inc. focuses on sustainable luxury mobility through proprietary next-generation technologies including autonomous driving, lightweight engineering, and high-performance architectures.
Deutsche Bank, known for its expertise in administering cross-border equity structures like New York Shares, American, and Global Depositary Receipts, offers a wide range of services to corporates, financial institutions, hedge funds, and supranational agencies worldwide. From trustee and agency services to escrow and related services, Deutsche Bank caters to diverse product needs from securitizations and project finance to syndicated loans and debt exchanges.
Here are some key details about the American Depositary Receipt program of Lotus Technology Inc.:
- Country: Cayman Islands (incorporated), Headquarters in Shanghai, China
- Custodian Bank: Deutsche Bank AG, Hong Kong Branch
- Effective Date: February 23, 2024
- Level I ADR:
- CUSIP: 54572F 101
- ISIN: US54572F1012
- Symbol: LOT
- Exchange: NASDAQ
- Current Ratio: 1 ADS to 1 ordinary share
- Eligibility: DTC
Depositary Receipt Contacts:
- Head of Depositary Receipts – New Business Development: Daniel Clark, Tel: +65 64237944
- William Ng, Tel: +852 2203 7889
For more information, visit www.adr.db.com or contact:
- London: Tel: +44 (0) 20 7547 6500, [email protected]
- New York: Tel: +1 212 250 9100, gtb.db.com
Deutsche Bank offers commercial and investment banking, retail banking, transaction banking, and asset and wealth management products and services. As Germany’s leading bank, with a strong presence in Europe, the Americas, and Asia Pacific, Deutsche Bank is well-positioned to serve a wide range of clients.
Please note:
- The Depositary Receipts are registered pursuant to the US Securities Act of 1933.
- The investment or service is not available to UK retail clients.
- This notice is approved and/or communicated by Deutsche Bank AG New York.
- The services described in this notice are provided by Deutsche Bank Trust Company Americas or its subsidiaries and/or affiliates in accordance with local registration and regulation.
- The attached notice is for information purposes only, and Deutsche Bank makes no claims about its accuracy or completeness.
- This announcement is a matter of record.
- It is not an offer or solicitation for the purchase or sale of securities.
- No part of this notice may be copied or reproduced without the prior written consent of Deutsche Bank.
- Past results do not guarantee future performance.
- Copyright © February 2024 Deutsche Bank AG. All rights reserved.
