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DJ Gowin New Energy Group Limited Issue of up to £5 Million 2% Preference Shares

TIDMGWIN TIDMGWPT

RNS Number : 2529C

Gowin New Energy Group Limited

07 February 2020

7 February 2020

GOWIN NEW ENERGY GROUP LIMITED

('Gowin' or 'the Company')

Issue of up to GBP5,000,000 of 2% Cumulative

Preference Shares of GBP0.02 each

The Directors of Gowin New Energy Group Limited are pleased to announce that an application has been made for a new class of shares for the issue of up to GBP5,000,000 2% Cumulative Preference Shares, with a nominal value of GBP0.02 each, of the Company (the "Preference Share"). The new Preference Shares have been admitted today to trading on the NEX Exchange Growth Market.

The Company has received GBP250,000 from an investor Mr Wen Sheng-Tung to issue 12,500,000 2% Preference Shares of GBP0.02 each.

The Preference Shares will trade under ticker 'GWPT' and ISIN KYG412151154.

The proceeds of the Preference Shares will be utilized in whole, save for amounts retained to meet expenses, to provide loan finance to Goyoung International Company Limited ('Goyoung') which will be drawn down in tranches, as tranches of the Preference Shares are issued. Goyoung will perform trading transactions in relation to a new Tea Business.

Goyoung was incorporated in May 2019 with an issued share capital of US$ 6,500.00. Goyoung was set-up to operate the new Tea Business and is currently 100 per cent. owned by Mr Chen Chih-Lung and Mr Wen Sheng-Tung, each holding 50% of the shares in Goyoung. Following the admission of the Preference Shares on NEX Exchange, Mr Chen Chih-Lung has agreed to dispose of his entire share capital of Goyoung at no consideration. Consequently, Goyoung will be owned as to 15% Gowin and 85% by Mr Wen Sheng-Tung.

Information on the Preference Shares

The new Preference Shares shall be entitled to be paid in respect of each financial year or other accounting period of the Company a fixed cumulative preferential dividend (the "Preferential Dividend") payable at the rate of 2% per annum of the initial investment amount in priority to any payment of dividends to the holders of the Ordinary Shares or any other class of shares and shall only be paid out of the Tea Business Return received by the Company in the corresponding financial year or other accounting period of the Company.

Capital Structure

Issued Capital

The Company's issued capital as at the date of 7 February 2020 is as follows:

 
 Issued Issued GBP Number 
 Ordinary Shares      GBP2,900,005.53    290,000,533 
                     -----------------  ------------ 
 Preference Shares       GBP250,000      12,500,000 
                     -----------------  ------------ 
 

Significant Shareholdings

As at 7 February 2020, the following parties have an interest of more than 3% in the Ordinary Shares of the Company:

 
        Shareholder Name          Number of Ordinary   Percentage 
                                        Shares           Holding 
 CHEN CHIH LUNG                           42,706,365       14.79% 
                                 -------------------  ----------- 
 SHU HSIANG WU                            32,437,600       11.19% 
                                 -------------------  ----------- 
 HSU I-HSAN                               25,344,688        8.74% 
                                 -------------------  ----------- 
 WEN SHENG-TUNG                           25,344,688        8.74% 
                                 -------------------  ----------- 
 CHENG-FENG TSAI                          24,328,200        8.39% 
                                 -------------------  ----------- 
 CHIN-LUNG HSIEH                          24,137,633        8.32% 
                                 -------------------  ----------- 
 CHIH-FENG CHAO                           13,628,824        4.70% 
                                 -------------------  ----------- 
 CHOICE ONLY INTERNATIONAL ENT 
  CO LTD                                   9,731,280        3.36% 
                                 -------------------  ----------- 
 JIAN CHAO LI                              8,672,646        2.99% 
                                 -------------------  ----------- 
 

The directors of Gowin New Energy Group Limited accept responsibility for this announcement.

For further information please visit http://www.gowingrp.com/gowingrp_en/index.php/ or contact the following:

   Garry Willinge                            Gowin New Energy Group Limited          +852 9100 9972 
   David Scott / James Dewhurst   Alexander David Securities Limited        +44 20 7448 9820 

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.

END

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(END) Dow Jones Newswires

February 07, 2020 02:01 ET (07:01 GMT)

DJ Gowin New Energy Group Limited Issue of up to £5 Million 2% Preference Shares

TIDMGWIN TIDMGWPT

RNS Number : 2529C

Gowin New Energy Group Limited

07 February 2020

7 February 2020

GOWIN NEW ENERGY GROUP LIMITED

('Gowin' or 'the Company')

Issue of up to GBP5,000,000 of 2% Cumulative

Preference Shares of GBP0.02 each

The Directors of Gowin New Energy Group Limited are pleased to announce that an application has been made for a new class of shares for the issue of up to GBP5,000,000 2% Cumulative Preference Shares, with a nominal value of GBP0.02 each, of the Company (the "Preference Share"). The new Preference Shares have been admitted today to trading on the NEX Exchange Growth Market.

The Company has received GBP250,000 from an investor Mr Wen Sheng-Tung to issue 12,500,000 2% Preference Shares of GBP0.02 each.

The Preference Shares will trade under ticker 'GWPT' and ISIN KYG412151154.

The proceeds of the Preference Shares will be utilized in whole, save for amounts retained to meet expenses, to provide loan finance to Goyoung International Company Limited ('Goyoung') which will be drawn down in tranches, as tranches of the Preference Shares are issued. Goyoung will perform trading transactions in relation to a new Tea Business.

Goyoung was incorporated in May 2019 with an issued share capital of US$ 6,500.00. Goyoung was set-up to operate the new Tea Business and is currently 100 per cent. owned by Mr Chen Chih-Lung and Mr Wen Sheng-Tung, each holding 50% of the shares in Goyoung. Following the admission of the Preference Shares on NEX Exchange, Mr Chen Chih-Lung has agreed to dispose of his entire share capital of Goyoung at no consideration. Consequently, Goyoung will be owned as to 15% Gowin and 85% by Mr Wen Sheng-Tung.

Information on the Preference Shares

The new Preference Shares shall be entitled to be paid in respect of each financial year or other accounting period of the Company a fixed cumulative preferential dividend (the "Preferential Dividend") payable at the rate of 2% per annum of the initial investment amount in priority to any payment of dividends to the holders of the Ordinary Shares or any other class of shares and shall only be paid out of the Tea Business Return received by the Company in the corresponding financial year or other accounting period of the Company.

Capital Structure

Issued Capital

The Company's issued capital as at the date of 7 February 2020 is as follows:

 
 Issued Issued GBP Number 
 Ordinary Shares      GBP2,900,005.53    290,000,533 
                     -----------------  ------------ 
 Preference Shares       GBP250,000      12,500,000 
                     -----------------  ------------ 
 

Significant Shareholdings

As at 7 February 2020, the following parties have an interest of more than 3% in the Ordinary Shares of the Company:

 
        Shareholder Name          Number of Ordinary   Percentage 
                                        Shares           Holding 
 CHEN CHIH LUNG                           42,706,365       14.79% 
                                 -------------------  ----------- 
 SHU HSIANG WU                            32,437,600       11.19% 
                                 -------------------  ----------- 
 HSU I-HSAN                               25,344,688        8.74% 
                                 -------------------  ----------- 
 WEN SHENG-TUNG                           25,344,688        8.74% 
                                 -------------------  ----------- 
 CHENG-FENG TSAI                          24,328,200        8.39% 
                                 -------------------  ----------- 
 CHIN-LUNG HSIEH                          24,137,633        8.32% 
                                 -------------------  ----------- 
 CHIH-FENG CHAO                           13,628,824        4.70% 
                                 -------------------  ----------- 
 CHOICE ONLY INTERNATIONAL ENT 
  CO LTD                                   9,731,280        3.36% 
                                 -------------------  ----------- 
 JIAN CHAO LI                              8,672,646        2.99% 
                                 -------------------  ----------- 
 

The directors of Gowin New Energy Group Limited accept responsibility for this announcement.

For further information please visit http://www.gowingrp.com/gowingrp_en/index.php/ or contact the following:

   Garry Willinge                            Gowin New Energy Group Limited          +852 9100 9972 
   David Scott / James Dewhurst   Alexander David Securities Limited        +44 20 7448 9820 

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.

END

NEXUPUGCPUPUGAQ

(END) Dow Jones Newswires

February 07, 2020 02:01 ET (07:01 GMT)