GoFintech Quantum Innovation Limited — Capital/Financing Update 2013

Apr 11, 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)

COMPLETION OF THE DISCLOSEABLE TRANSACTION IN RELATION TO THE ACQUISITION OF THE ENTIRE ISSUED SHARE CAPITAL OF POWER JET GROUP LIMITED INVOLVING ISSUE OF CONVERTIBLE NOTES UNDER SPECIFIC MANDATE

Reference is made to the announcement of New Times Energy Corporation Limited (‘‘the Company’’) dated 6 February 2013 and the circular of the Company dated 28 February 2013 (the ‘‘Circular’’) in respect of the discloseable transaction in relation to the proposed acquisition of the entire issued share capital of Power Jet Group Limited involving the proposed issue of convertible notes under specific mandate and the announcement of the Company dated 15 March 2013. Unless the context requires otherwise, the use of capitalized terms herein shall have the same meanings as defined in the Circular.

The Board is pleased to announce that Completion took place on 11 April 2013 (Hong Kong Time) in accordance with the Acquisition Agreement. Following Completion, the Target has become an indirect wholly-owned subsidiary of the Company.

The Convertible Notes and the Promissory Note have been issued to the Vendor as payment of the consideration of the Acquisition pursuant to the Acquisition Agreement.

By order of the Board New Times Energy Corporation Limited Cheng Ming Kit Executive Director

Hong Kong, 11 April 2013

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