Gowin New Energy Grp - Loan Agreements Extension
Announcement provided by
Gowin New Energy Group Limited · GWIN28/10/2020 07:00
("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 |
Loan Amount |
Repayment Date |
Interest Rate |
|
|
|
|
2% (per annum) |
|
|
|
|
2% (per annum) |
|
CHIEN-MING CHENG |
|
|
2% (per annum) |
|
CHIH-FENG CHAO |
|
|
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
For further information please visit company's website at www.gowingrp.com or contact the following:
Garry Willinge
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