GoFintech Quantum Innovation Limited — Board/Management Information 2012

Mar 1, 2012

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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NEW TIMES ENERGY CORPORATION LIMITED 新 時 代 能 源 有 限 公 司[*]

(incorporated in Bermuda with limited liability) (Stock Code: 00166)

APPOINTMENT OF EXECUTIVE DIRECTOR

The board of directors of New Times Energy Corporation Limited is pleased to announce that Mr. Sun Jiang Tian has been appointed as an executive director of the Company with effect from 1 March 2012.

APPOINTMENT OF EXECUTIVE DIRECTOR

The board of directors (the ‘‘Board’’) of New Times Energy Corporation Limited (the ‘‘Company’’) is pleased to announce that Mr. Sun Jiang Tian (‘‘Mr. Sun’’) has been appointed as an executive director of the Company with effect from 1 March 2012.

Mr. Sun, aged 42, has over 17 years of experience in the oil and gas industry. He received his Bachelor of Laws from Tianjin Normal University in 1992, and Master of Business Administration from the University of Nebraska in 2001. During the years from 1994 to 2000, Mr. Sun worked in different managerial positions in China Petroleum Pipeline Bureau of China National Petroleum Corporation. He has held various managerial positions in ENN Energy Holdings Limited (stock code: 02688) including the research and study of urban gas and vehicle-use gas, and proposing investment activities for the ENN Group in places such as Vietnam, Thailand and Cambodia. Mr. Sun has also held various senior managerial positions in China Gas Holdings Limited (stock code: 00384) and participated in the corporate restructuring project.

Save as disclosed above, to the best knowledge and belief of the Board, Mr. Sun (i) did not hold any directorship in any public company in Hong Kong and overseas during the past three years; (ii) did not have any prior business or other relationship with the Company and its subsidiaries (the ‘‘Group’’); (iii) does not have any relationships with any members of the Board, senior management, substantial shareholders or controlling shareholders of the Company within the meaning of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ‘‘Listing Rules’’); (iv) does not have any interests

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(within the meaning of Part XV of the Securities and Futures Ordinance, Chapter 571 of the Laws of Hong Kong) in shares of the Company as at the date of this announcement; and (v) does not hold any other positions in the Group.

There is currently no service contract between the Company and Mr. Sun and there is no specific term in respect of the appointment, but it is subject to the retirement and re-election provision set out in the Bye-laws of the Company. The remuneration of Mr. Sun will be determined at a later date with reference to his duties and responsibilities within the Group, the prevailing market rate and the Company’s remuneration policy.

Save as disclosed in this announcement, there is no other information required to be disclosed pursuant to Rules 13.51(2)(h) to (v) of the Listing Rules and there are no other matters that need to be brought to the attention of the shareholders of the Company in relation to this appointment.

The Board would like to take this opportunity to welcome Mr. Sun in joining the Company.

By Order of the Board New Times Energy Corporation Limited Cheng Kam Chiu, Stewart Chairman

Hong Kong, 1 March 2012

As at the date of this announcement, the Board comprises eight directors, of which three are executive directors, namely Mr. Cheng Kam Chiu, Stewart, Mr. Cheng Ming Kit and Mr. Sun Jiang Tian; two non-executive directors, namely Mr. Wong Man Kong, Peter and Mr. Chan Chi Yuen; and three independent non-executive directors, namely Mr. Fung Chi Kin, Mr. Fung Siu To, Clement and Mr. Chiu Wai On.

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