Gowin New Energy Grp - Director Loans
07/11/2024 09:26
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RNS Number : 3601L Gowin New Energy Group Limited 07 November 2024
7 November 2024
Gowin New Energy Group Limited
("Gowin" or the "Company")
Director Loans
Gowin announces that it has entered into a Loan Agreement (the "Loan
Agreement") with Mr Chien Chih-Peng, Executive Director of the Company,
pursuant to which Mr. Chien has made available loans in aggregate of £72,170
to the Company. Under the terms of the Loan Agreement, the interest rate is 2%
per annum and the loans are repayable by the Company in twelve months,
extendable by mutual consent.
The purpose of the loans is to provide short term liquidity to allow the
Company to satisfy its payment obligations. Mr Chien will continue to support
the Company's working capital requirements as and when required.
The Loan Agreement constitutes a related party transaction under Rule 4.6 of
the AQSE Growth Market Access Rulebook. Garry Willinge and Mr Chen Chih-Lung,
being the independent directors for the purposes of this transaction, consider
that having exercised reasonable care, skill and diligence, the related party
transaction is fair and reasonable as far as the shareholders of Gowin are
concerned.
This announcement contains information which, prior to its disclosure, was
inside information as stipulated under Regulation 11 of the Market Abuse
(Amendment) (EU Exit) Regulations 2019/310 (as amended).
The directors of Gowin New Energy Group Limited accept responsibility for this
announcement.
For further information please visit company's website at www.gowingrp.com or
contact the following:
Gowin New Energy Group Limited
Garry Willinge
Tel: +852 9100 9972
Novum Securities Limited
AQSE Corporate Adviser
David Coffman / George Duxberry
Tel: +44 (0)207 399 9400
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