Gowin New Energy Group Limited Loan Agreements Extension (7406L)

TIDMGWIN

RNS Number : 7406L

Gowin New Energy Group Limited

14 September 2021

Gowin New Energy Group Limited

("Gowin" or the "Company")

Loan Agreements Extension

Gowin announces that it has extended the repayment date of its unsecured Loan Agreements with four shareholders (the "Loan Agreement") who have supported the Company's development by providing funding for its general working capital purposes. The Company agreed with all four shareholders the terms of the Loan Agreements will remain the same with the exception of the extension of the repayment dates as follows:

 
 Shareholder Name   Loan Amount   Repayment Date    Interest 
                                                     Rate 
 SHU HSIANG WU       GBP125,000   6 November 2022   2% (per annum) 
                   ------------  ----------------  --------------- 
 CHENG-FENG TSAI     GBP125,000   2 November 2022   2% (per annum) 
                   ------------  ----------------  --------------- 
 CHIEN-MING CHENG    GBP125,000   3 November 2022   2% (per annum) 
                   ------------  ----------------  --------------- 
 CHIH-FENG CHAO      GBP125,000   29 October 2022   2% (per annum) 
                   ------------  ----------------  --------------- 
 

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.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (MAR), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

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]

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September 14, 2021 06:55 ET (10:55 GMT)