Share Name Share Symbol Market Type
Gowin New Energy Group Limited NEX:GWIN NEX Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.625p 0.40p 0.65p 0.625p 0.625p 0.625p 0 10:20:04

Gowin New Energy Group Limited Loan Agreements Extension

17/05/2019 11:30am

UK Regulatory (RNS & others)

Gowin New Energy (NEX:GWIN)
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RNS Number : 4255Z

Gowin New Energy Group Limited

17 May 2019

17 May 2019

Gowin New Energy Group Limited

("Gowin" or the "Company")

Loan Agreements Extension

Gowin New Energy Group Limited today 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 2020   2% (per annum) 
                   ------------  ----------------  --------------- 
 CHENG-FENG TSAI     GBP125,000   2 November 2020   2% (per annum) 
                   ------------  ----------------  --------------- 
 CHIEN-MING CHENG    GBP125,000   3 November 2020   2% (per annum) 
                   ------------  ----------------  --------------- 
 CHIH-FENG CHAO      GBP125,000   29 October 2020   2% (per annum) 
                   ------------  ----------------  --------------- 

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 or contact the following:

   Garry Willinge                            Gowin New Energy Group Limited          +852 9100 9972 
   David Scott / James Dewhurst   Alexander David Securities Limited        +44 20 7448 9820 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit



(END) Dow Jones Newswires

May 17, 2019 06:30 ET (10:30 GMT)

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