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Gowin New Energy Grp - Loan Agreements Extension

Announcement provided by

Gowin New Energy Group Limited · GWIN

28/10/2020 07:00

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



6 November 2021

2% (per annum)



2 November 2021

2% (per annum)



3 November 2021

2% (per annum)



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 or contact the following:

Garry Willinge                            Gowin New Energy Group Limited          +852 9100 9972

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