GoFintech Quantum Innovation Limited — Capital/Financing Update 2011

Jun 15, 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)

COMPLETION OF THE ESCROW AGREEMENT IN RELATION TO THE TERMINATION OF VERY SUBSTANTIAL ACQUISITION

Reference is made to the announcements of New Times Energy Corporation Limited (the “ Company ”) dated 18 February 2010, 10 March 2010, 3 May 2010, 30 September 2010, 29 October 2010, 30 November 2010, 16 December 2010, 21 January 2011, 2 March 2011, 15 April 2011, 25 May 2011, 8 June 2011 (the “ Announcements ”) and the circular of the Company dated 24 June 2010 (the “ Circular ”) in relation to the Termination.

Unless otherwise stated, capitalized terms used herein have the same meanings as ascribed thereto in the Announcements and Circular.

On 14 June 2011, the Escrow Agent has duly deposited the final Installment, being the remaining Repayment Amount and the Accrued Interest. The only remaining director appointed by the Purchaser into Hongwen Gold has also resigned from his office upon the Purchaser having received the final Installment from the Escrow Agent.

As at the date of this announcement, the Vendor has fully repaid the Repayment Amount of HK$59,999,999.70 together with the relevant Accrued Interest to the Company and both the Vendor and the Purchaser have, thereby, discharged all their relevant duties and obligations under the Termination Deed, the Escrow Agreement, the Supplemental Escrow Agreement and the Second Supplemental Escrow Agreement.

By order of the Board New Times Energy Corporation Limited Yu Wing Cheung Company Secretary

Hong Kong, 15 June 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.

• For identification purposes only