Gowin New Energy Group Limited Director Loan GBP30K (1651I)

TIDMGWIN

RNS Number : 1651I

Gowin New Energy Group Limited

10 August 2021

Gowin New Energy Group Limited

("Gowin" or the "Company")

Director Loan GBP 3 0k

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 3 0,000 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.

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 / Daphne Zhang / Lucy Bowden

Tel: [phone]

About Gowin New Energy Group Limited:

Gowin is engaged in the sale and investment of LED related products based in Taiwan. In addition, Gowin is launching a new tea trading business, focused on the collection, distribution and sale (including auction market) of high quality Chinese Pu-erh tea and Taiwan high-mountain tea, with benefits that include promoting Chinese tea culture and healthy drinking in daily life.

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August 10, 2021 06:02 ET (10:02 GMT)