GoFintech Quantum Innovation Limited — Capital/Financing Update 2011

May 18, 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)

EXPIRY OF WARRANTS (WARRANT CODE: 937)

The subscription rights attaching to the Warrants will expire after 4:00 p.m. on Friday, 24 June 2011 (being the date immediately preceding the first anniversary day after the date of issuance of the Warrants).

The last trading day of the Warrants on the Stock Exchange is on Tuesday, 21 June 2011. The latest time to exercise the subscription rights attaching to the Warrants is 4:00 p.m. on Friday, 24 June 2011.

Application has been made to the Stock Exchange for the withdrawal of listing of the Warrants with effect from 4:00 p.m. on Friday, 24 June 2011.

The board of directors of New Times Energy Corporation Limited (the “ Company ”) wishes to remind holders of the existing outstanding warrants of the Company (warrant code: 937) (the “ Warrants ”) that in accordance with the terms and conditions of the instrument constituting the Warrants dated 18 June 2010 (the “ Instrument ”), the subscription rights attaching to the Warrants will expire at 4:00 p.m. on Friday, 24 June 2011. Each Warrant entitles the holder to subscribe for new share of HK$0.10 each (the “ Share ”) in the capital of the Company at the subscription price of HK$0.27 per Share until 4:00 p.m. on Friday, 24 June 2011. Any subscription rights attaching to the Warrants which have not been exercised by 4:00 p.m. on Friday, 24 June 2011 will lapse and the Warrant certificates will cease to be valid for any purpose.

* For identification purpose only

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In respect of the expiry of the Warrants, the Company has made the following arrangements regarding dealings in, transfers of and exercise of the subscription rights attaching to the Warrants:

1. The last trading day of the Warrants on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) will be fixed on Tuesday, 21 June 2011 and trading of the Warrants on the Stock Exchange will cease after 4:00 p.m. on Tuesday, 21 June 2011. The listing of the Warrants will be withdrawn from the Stock Exchange after 4:00 p.m. on Friday, 24 June 2011 , and application has been made to the Stock Exchange for the withdrawal of listing of the Warrants with effect from 4:00 p.m. on Friday, 24 June 2011.

2. Registered holders of the Warrants who wish to exercise the subscription rights attaching to the Warrants must lodge with the branch share registrar of the Company in Hong Kong, Tricor Tengis Limited (the “ Registrar ”), at 26/F Tesbury Centre, 28 Queen’s Road East, Wanchai, Hong Kong, the followings by not later than 4:00 p.m. Friday, 24 June 2011 :

3. (a) the relevant certificate(s) of the Warrants;

4. (b) the duly completed and signed subscription form(s); and

5. (c) remittances for the relevant subscription moneys.

6. Holders of the Warrants who have not registered their holdings in such Warrants in their own names and wish to exercise the subscription rights attaching thereto must lodge with the Registrar at the above-mentioned address the followings by not later than 4:00 p.m. on Friday, 24 June 2011 :

7. (a) the relevant duly executed and stamped instrument(s) of transfer and/or other document(s) of title;

8. (b) the relevant certificate(s) of the Warrants;

9. (c) the duly completed and signed subscription form(s); and

10. (d) remittances for the relevant subscription moneys.

Subscription forms lodged with the Registrar later than 4:00 p.m. on Friday, 24 June 2011 will not be regarded as valid and will not be accepted. Under the terms of the Instrument, new Shares will be allotted and issued not later than 28 days after the date of exercise of the subscription rights attaching to the Warrants. The closing prices of the Shares and the Warrants as quoted on the Stock Exchange on 17 May 2011 (being the date prior of this announcement) were HK$0.151 per Share and HK$0.01 per unit of Warrant respectively. Shares to be issued pursuant to the exercise of the subscription rights attaching to the Warrants will, when issued, rank pari passu in all respects with the then existing issued Shares.

A circular relating to the expiry of Warrants will be despatched to holders of Warrants and, for information only, the shareholders and holders of other securities of the Company as soon as practicable.

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Holders of the Warrants who are in doubt as to their position or as to the actions to be taken should consult their licensed securities dealer, bank manager, solicitor, professional accountant or other professional adviser.

For and on behalf of the Board New Times Energy Corporation Limited Cheng Kam Chiu, Stewart Chairman and Executive director

Hong Kong 18 May 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 nonexecutive Directors, namely Mr. Fung Chi Kin, Mr. Fung Siu To, Clement and Mr. Chiu Wai On.

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