Gowin New Energy Group Limited Director Loan £50k

RNS Number : 1021X

Gowin New Energy Group Limited

19 July 2024

 

19 July 2024

 

Gowin New Energy Group Limited

("Gowin" or the "Company")

Director Loan £50k

 

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 £50,000 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: [phone]

 

Novum Securities Limited

AQSE Corporate Adviser

David Coffman / George Duxberry

Tel: [phone]

 

 

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