Loan Agreement
AIQ Limited announced on October 7, 2025, that it entered into a Loan Agreement on October 3, 2025, with Executive Director Li Chun Chung for an interest-free, unsecured loan of GBP100,000. The loan is repayable upon demand and intended for working capital purposes. This Loan Agreement is considered a related party transaction due to Mr. Li's position. Independent Non-Executive Chairman Harry Chathli and Non-Executive Director Dwight Mighty deem the terms of the Loan Agreement fair and reasonable for the company's shareholders.
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AIQ (LSE: AIQ) advises that it entered into an agreement, on 3 October 2025, with Li Chun Chung, an Executive Director of the Company, for an interest-free, unsecured loan of GBP100,000 (the "Loan Agreement"), which is re-payable upon demand. The monies will be used by the Company for working capital purposes.
The Loan Agreement is deemed to be a related party transaction by virtue of Mr. Li being an Executive Director. Harry Chathli and Dwight Mighty, being Independent Non-Executive Chairman and Non-Executive Director of the Company respectively, consider that the terms of the Loan Agreement are fair and reasonable insofar as the Company's shareholders are concerned.
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