Loan Repayments

Summary by AI BETAClose X

AIQ Limited has announced the repayment of interest-free loans to director and significant shareholder Li Chun Chung, totaling $280,000 and £666,000, paid on October 12, 2026. Additionally, the company made interest payments on convertible loan notes on the same date, with Li Chun Chung receiving £54,349.42, and Soon Beng Gee and Lee Chong Liang each receiving £27,174.71. These transactions are considered related party transactions, with the Independent Non-Executive Chairman deeming the terms fair and reasonable for shareholders.

Disclaimer*

AIQ Limited
13 October 2026
 

13 October 2026

 

AIQ Limited

(“AIQ” or the “Company”)

 

Repayment of Director Loans and Convertible Loan Note Interest

 

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.

 

 

Enquiries

 

AIQ Limited

c/o +44 (0)20 4582 3500

Harry Chathli, Chairman

 

 

 

Guild Financial Advisory Limited (Financial Adviser)

+44 (0)7973839767

Ross Andrews

 

 

 

Gracechurch Group (Financial PR)

+44 (0)20 4582 3500

Claire Norbury

 

 

 

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