GoFintech Quantum Innovation Limited — Capital/Financing Update 2011

Sep 30, 2011

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)

LAPSE OF THE PLACING AGREEMENT IN RELATION TO THE PLACING OF UNLISTED WARRANTS UNDER GENERAL MANDATE

The Board announces that the Placing Agreement for the Placing of up to 1,800,000,000 Warrants, on a best effort basis, at the Placing Price of HK$0.01 per Warrant has been lapsed on 30 September 2011 being the long-stop date of the Placing Agreement (extended by the Supplemental Agreement).

Due to the recent market conditions, the parties to the Placing Agreement agreed not to proceed with the Placing. Accordingly, the Placing Agreement has not become unconditional and the Placing Agreement lapsed on 30 September 2011.

Reference is made to the announcements of New Times Energy Corporation Limited (the “ Company ”) dated 7 September 2011, 9 September 2011 and 14 September 2011 (the “ Announcements ”) in respect of the placing of unlisted warrants under general mandate. Unless otherwise stated herein, terms and expressions used herein shall have the same meanings as those defined in the Announcements.

According to the Placing Agreement and a supplemental agreement dated 14 September 2011 (the “ Supplemental Agreement ”), completion of the Placing Agreement is conditional upon, inter alia, that on or before 30 September 2011, the Listing Committee of the Stock Exchange granting approval for the listing of, and permission to deal in, the Warrant Shares either unconditionally or subject to conditions to which the Placing Agent may accept and all other necessary waivers, consents and approvals as required under the Listing Rules from the Listing Committee of the Stock Exchange.

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Due to the recent market conditions, the parties to the Placing Agreement agreed not to proceed with the Placing. Accordingly, the Placing Agreement has not become unconditional and the Placing Agreement lapsed on 30 September 2011.

All the obligations of the parties under the Placing Agreement shall forthwith cease and terminate and neither party to the Placing Agreement shall have any claim against the other party save for any antecedent breach thereof provided that the respective clauses in relation to the payment of fees and expenses and indemnification under the Placing Agreement shall survive such termination and remain in full force and effect.

As at the date of this announcement, no Warrants nor other securities have been issued by the Company under the Placing Agreement.

The Directors are of the view that the lapse of the Placing Agreement shall pose no material adverse effect on the financial and operational positions of the Company based on the current circumstances.

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

Hong Kong, 30 September 2011

As at the date of this announcement, the board of Directors comprises seven Directors, of which two are executive Directors, namely Mr. Cheng Kam Chiu, Stewart and Mr. Cheng Ming Kit; 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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