Gowin New Energy Group Limited (GWIN), listed on the AQUIS Growth Market, has announced it has entered into a loan agreement with Mr Chen Chih-Lung, a substantial shareholder, for a facility of £40,000 to address short-term liquidity needs. The loan carries an interest rate of 2% per annum and is repayable within twelve months, with an option to extend by mutual consent. The transaction constitutes a related party transaction under Rule 4.6 of the AQSE Growth Market Access Rulebook, and the company's independent directors have confirmed it is fair and reasonable to shareholders. Investors may be watching the development as a signal of the company's current working capital position.

Key Points

  • Gowin New Energy Group Limited (GWIN), listed on the AQUIS Growth Market
  • The company has entered into a £40,000 loan agreement with substantial shareholder Mr Chen Chih-Lung to meet short-term payment obligations
  • The loan is set at 2% per annum interest and is repayable within twelve months, extendable by mutual consent
  • Investors should watch whether further shareholder support is drawn upon, as Mr Chen has indicated willingness to assist with working capital requirements as needed

Gowin New Energy Draws £40,000 From Substantial Shareholder to Cover Payment Obligations

Gowin New Energy Group Limited has entered into a formal loan agreement with Mr Chen Chih-Lung, identified in the announcement as a substantial shareholder of the company. The facility provides £40,000 to the business and has been structured with an annual interest rate of 2%. The loan is repayable within twelve months from the date of the agreement, though the announcement states the term is extendable by mutual consent between the parties. The stated purpose of the arrangement is to provide short-term liquidity so the company can satisfy its existing payment obligations, suggesting the business required prompt access to additional funds.

Related Party Transaction Approved by Independent Directors Garry Willinge and Chien Chih-Peng

Because Mr Chen Chih-Lung is a substantial shareholder, the loan agreement qualifies as a related party transaction under Rule 4.6 of the AQSE Growth Market Access Rulebook. In accordance with that rule, independent directors Garry Willinge and Mr Chien Chih-Peng reviewed the terms. The announcement states that, having exercised reasonable care, skill and diligence, both directors concluded the transaction is fair and reasonable as far as Gowin's shareholders are concerned. The involvement of an AQUIS corporate adviser, AlbR Capital Limited, is also noted in the disclosure, with David Coffman and Daniel Harris named as points of contact.

Mr Chen Signals Ongoing Willingness to Support Gowin's Working Capital Requirements

Beyond the immediate £40,000 facility, the announcement indicates that Mr Chen Chih-Lung intends to continue supporting Gowin's working capital requirements as and when required. This language suggests the company may draw on further shareholder-backed financing if its liquidity position demands it. For investors, the commitment from an existing substantial shareholder may provide some reassurance regarding near-term operational continuity, though the reliance on related-party lending rather than external financing is a company-specific factor worth monitoring as Gowin pursues its activities in the new energy sector.

Inside Information Disclosure Underlines Materiality of the Shareholder Loan for GWIN

The company's announcement explicitly states that the information contained within it constituted inside information prior to its release, as defined under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 as amended. This classification underlines that Gowin's board considered the shareholder loan material to investors' understanding of the company's financial position. The directors of Gowin New Energy Group Limited have accepted full responsibility for the content of the announcement. The company's registered contact for further enquiries is Garry Willinge, reachable via a Hong Kong telephone number, reflecting the group's operational geography.