GoFintech Quantum Innovation Limited — Capital/Financing Update 2013

Jul 5, 2013

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.

==> picture [103 x 76] intentionally omitted <==

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

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

REVISION OF THE CONVERSION PRICE OF THE CONVERTIBLE NOTES IN RELATION TO

THE DISCLOSEABLE TRANSACTION

THE PROPOSED DISPOSAL OF OIL AND GAS INTERESTS IN LOUISIANA OF THE UNITED STATES

Reference is made to the announcement of New Times Energy Corporation Limited (the ‘‘Company’’) dated 2 July 2013 (the ‘‘Announcement’’) in relation to, among others, the proposed disposal of the oil and gas interests in Louisiana of the United States. Unless the context otherwise requires, capitalised terms used in this announcement shall have the same meaning as those defined in the Announcement.

On 4 July 2013, the Vendor and the Purchaser mutually agreed to revise the Conversion Price from US$2.50 to US$2.00 per Conversion Share (the ‘‘Revised Conversion Price’’). Based on the Revised Conversion Price of US$2.00 per Conversion Share, the Convertible Notes are convertible into 2,600,000 Conversion Shares of the Purchaser.

As at the date of this announcement, the Company holds convertible notes of the Purchaser with an aggregate principal amount of US$2,513,000 (equivalent to approximately HK$17,925,750), which may be convertible into 997,586 shares of common stock of the Purchaser. Upon Completion, the Company will hold convertible notes of the Purchaser with an aggregate principal amount of US$7,713,000 (equivalent to approximately HK$58,225,750), which may be convertible into 3,597,586 shares of common stock of the Purchaser.

The Revised Conversion Price was determined and negotiated on an arm’s length basis between the Vendor and the Purchaser with reference to the prevailing executed prices of the Purchaser’s shares. The Directors hold the view that the Revised Conversion Price is fair and reasonable and are in the interests of the Company and the Shareholders as a whole.

• For identification purpose only

– 1 –

Save and except for the above, all other terms and conditions of the Sale and Purchase Agreement remain unchanged.

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

Hong Kong, 5 July 2013

As at the date of this announcement, the board of Directors comprises seven Directors, of which three are executive Directors, namely Mr. Cheng Kam Chiu, Stewart, Mr. Cheng Ming Kit and Mr. Wong Tai Cheung, Andrew; and four independent non-executive Directors, namely Mr. Wong Man Kong, Peter, Mr. Chan Chi Yuen, Mr. Yung Chun Fai, Dickie and Mr. Chiu Wai On.

– 2 –