Gowin New Energy Group Limited Director Loan GBP30k (6198A)
January 23 2024 - 4:23AM
UK Regulatory
TIDMGWIN
RNS Number : 6198A
Gowin New Energy Group Limited
23 January 2024
23 January 202 4
Gowin New Energy Group Limited
("Gowin" or the "Company")
Director Loan GBP 30 k
Gowin announces that it has entered into a Loan Agreement (the
"Loan Agreement") with Mr Chen Chih-Lung, the Chief Executive
Officer of the Company, pursuant to which Mr Chen has made
available a loan of GBP 30 ,000 to the Company. Under the terms of
the Loan Agreement, the interest rate is 2% per annum and the loan
is repayable by the Company in twelve months, extendable by mutual
consent.
The purpose of the loan is to provide short term liquidity to
allow the Company to satisfy its payment obligations. Mr Chen 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,
being the sole director other than Mr Chen Chih-Lung, considers
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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END
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