Gowin New Energy Grp - Loan Agreements Extension
RNS Number : 2425D
Gowin New Energy Group Limited
28 October 2020
 

28 October 2020

 

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

£125,000

6 November 2021

2% (per annum)

CHENG-FENG TSAI

£125,000

2 November 2021

2% (per annum)

CHIEN-MING CHENG

£125,000

3 November 2021

2% (per annum)

CHIH-FENG CHAO

£125,000

29 October 2021

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:

Garry Willinge                            Gowin New Energy Group Limited          +852 9100 9972

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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
NEXQQLFLBBLLFBZ ]]>