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LONDON - Gowin New Energy Group Limited, a company listed on the AQSE Growth Market, has secured a loan of £36,973 from its Executive Director, Mr. Chien Chih-Peng, to address its immediate liquidity needs. The loan, disclosed on Thursday, carries an interest rate of 2% per annum and is set for repayment within twelve months, with a provision for extension by mutual consent.
The capital infusion by Mr. Chien is intended to help the company meet its payment obligations in the short term. The Executive Director has also committed to supporting the company's working capital requirements as needed in the future.
The transaction is classified as a related party transaction under Rule 4.6 of the AQSE Growth Market Access Rulebook. Independent (LON:IOG) directors Garry Willinge and Mr. Chen Chih-Lung, after due diligence, have declared the agreement to be fair and reasonable for Gowin's shareholders.
This announcement was previously considered inside information as per market regulations prior to its public release. The directors of Gowin New Energy Group Limited have taken full responsibility for the contents of this announcement.
The loan agreement highlights Gowin's strategy to maintain financial stability and ensure operational continuity. It also reflects the ongoing support from the company's management in navigating through its financial commitments.
This financial news is based on a press release statement from Gowin New Energy Group Limited.
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