GoFintech Quantum Innovation Limited — Capital/Financing Update 2012

Sep 21, 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)

EXTENSION OF LETTER OF INTENT

References are made to the Company’s announcement dated 22 December 2011 (the ‘‘Announcement’’) regarding the Letter of Intent relating to the Possible Acquisition which related to further interests in two exploration and potential exploitation concessions in Argentina in which the Company already holds 60% interests. Unless otherwise specified, terms used herein shall have the same meaning as defined in the Announcement.

The Board wishes to announce that on 21 September 2012, the Purchaser and the Vendor entered into an extended letter of intent to extend the exclusivity period under the LOI for the parties to continue the negotiation of the Possible Acquisition for a period of six months up to and inclusive of 21 March 2013.

The Possible Acquisition is subject to, among others, the signing of a legally binding sale and purchase agreement, the terms and conditions of which are yet to be agreed between the Purchaser and the Vendor. As such, the Possible Acquisition may or may not proceed. If the Possible Acquisition materialises, it may constitute a notifiable transaction of the Company under Chapter 14 of the Listing Rules. Further announcement will be made by the Company in accordance with the Listing Rules as and when appropriate. Shareholders and investors of the Company should exercise caution when dealing in securities of the Company.

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

Hong Kong, 21 September 2012

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

• For identification purpose only