Business
Director Loan £25k & NTD$300k
Director Loan £25k & NTD$300k.
About this update from Gowin New Energy Group Ltd.
[{"type":"text","content":"\n\n \nGowin New Energy Group Limited\n(\"Gowin\" or the \"Company\")\nDirector Loan £25k & NTD$300k\n \nGowin 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 £25,000 and NTD$300,000 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.\n \nThe 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.\n \nThe Loan Agreement constitutes a related party transaction under Rule 4.6 of the AQSE Growth Market Access Rulebook. Garry Willinge and Mr Chien Chih-Peng, being the independent directors for the purposes of this transaction, consider 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.\n \nThis 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).\n \nThe directors of Gowin New Energy Group Limited accept responsibility for this announcement.\nFor further information please visit company's website at www.gowingrp.com or contact the following:\nGowin New Energy Group Limited \nGarry Willinge\nTel: +852 9100 9972\n \nNovum Securities Limited\nAQSE Corporate Adviser\nDavid Coffman / Anastassiya Eley\nTel: +44 (0)207 399 9400\n \n \n\n","length":3376,"tagName":"div"}]