Gowin New Energy Group Limited Director Loan 500k TWD
May 24 2024 - 4:13AM
RNS Regulatory News
RNS Number : 8428P
Gowin New Energy Group Limited
24 May 2024
24
May 2024
Gowin New Energy Group
Limited
("Gowin"
or the "Company")
Director Loan
500k TWD
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 500,000
TWD 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: +852 9100
9972
Novum Securities Limited
AQSE Corporate Adviser
David Coffman / George
Duxberry
Tel: +44 (0)207 399 9400
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END
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