I am converting a screened-in porch to additional living space.
Currently, the exterior of the house is cement-based stucco.
The house is only 2 years old.

My question:

Do I need to cut out and remove that exterior stucco, or can I hang drywall on top of the stucco?

Has anyone had experience with this?

Are there any downsides doing it this way, instead of cutting out the existing stucco & metal lathe that currently cover two walls of this new enclosed space?

Thank you,