Loan Agreement
AIQ Limited has secured a GBP100,000 interest-free, unsecured loan from Executive Director Li Chun Chung, repayable on demand, to fund working capital. This transaction is considered a related party arrangement, but the independent Non-Executive Chairman and Non-Executive Director have deemed its terms fair and reasonable for shareholders.
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AIQ (LSE: AIQ) advises that, on 31 March 2026, it entered into an agreement 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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