Loan Repayments
Company repaid director loans totalling £666,000 and $280,000 and paid convertible loan note interest.
- Director loan repayment to Li Chun Chung $280,000 and £666,000
- Convertible loan note interest paid to Li Chun Chung £54,349.42
- Convertible loan note interest paid to Soon Beng Gee £27,174.71
- Convertible loan note interest paid to Lee Chong Liang £27,174.71
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AIQ (LSE: AIQ) announces the repayment of loans to a director and significant shareholder and the payment of interest on convertible loan notes held by a director and significant shareholders.
The Company paid, on 12 October 2026, $280,000 and £666,000 to Li Chun Chung, a director and significant shareholder in the Company, for repayment of the interest-free loans granted by him to the Company between 5 July 2024 and 31 March 2026.
The Company made, on 12 October 2026, the following payments of accrued interest on the convertible loan note instruments that were executed by the Company on 24 January 2022, as announced on 25 January 2022, 31 July 2023, 24 February 2025, 16 February 2026 and 6 July 2026:
£54,349.42 was paid to Li Chun Chung
£27,174.71 was paid to Soon Beng Gee
£27,174.71 was paid to Lee Chong Liang
Related Party Transactions
Li Chun Chung, Soon Beng Gee and Lee Chong Liang are deemed to be related parties by virtue of their combined shareholdings of 38.5% and Li Chun Chung being Executive Director of the Company. Harry Chathli, being the Independent Non-Executive Chairman, considers that the terms of the payments are fair and reasonable insofar as the Company’s shareholders are concerned.
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