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AIQ Limited announced that on 12 October 2026, it repaid $280,000 and £666,000 to Li Chun Chung, a director and significant shareholder, for interest-free loans. Concurrently, the company paid accrued interest on convertible loan notes to significant shareholders. These payments included £54,349.42 to Li Chun Chung, £27,174.71 to Soon Beng Gee, and £27,174.71 to Lee Chong Liang.
| Date | 13 Oct 2026 |
| Time | 07:00:05 |
| Category | Miscellaneous |
| ID | 6424Y |
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:
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
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AIQ Limited |
c/o +44 (0)20 4582 3500 |
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Harry Chathli, Chairman |
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Guild Financial Advisory Limited (Financial Adviser) |
+44 (0)7973839767 |
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Ross Andrews |
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Gracechurch Group (Financial PR) |
+44 (0)20 4582 3500 |
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Claire Norbury |
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