GoFintech Quantum Innovation Limited — Capital/Financing Update 2013

Mar 13, 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.

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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 SALE AND PURCHASE AGREEMENT IN RELATION TO THE ACQUISITION OF

THE ENTIRE ISSUED SHARE CAPITAL OF GOLDEN GIANTS LIMITED INVOLVING A PROPOSED ISSUE OF CONVERTIBLE NOTES UNDER THE GENERAL MANDATE

Reference is made to the announcements of the Company dated 13 September 2012 (the ‘‘First Announcement’’) and 8 March 2013 (the ‘‘Second Announcement’’) in relation to the Acquisition and the clarification announcement dated 12 March 2012 in relation to the information disclosed in the Second Announcement (the ‘‘Clarification Announcement’’). Unless otherwise stated herein, terms and expressions used herein shall have the same meanings as those defined in the First Announcement, Second Announcement and the Clarification Announcement.

The Board is pleased to announce that the completion of the Acquisition took place on 13 March 2013 (Hong Kong time) in accordance with the Sale and Purchase Agreement (as amended by the Supplemental Agreement). Following completion of the Acquisition, the Target Company has become an indirect wholly-owned subsidiary of the Company.

The Convertible Notes in the principal amount of HK$38,475,000 and the Promissory Notes in the principal amount of HK$16,000,000 have been issued to the Vendor as payment of the consideration of the Acquisition pursuant to the Sale and Purchase Agreement (as amended by the Supplemental Agreement). The approval from the Stock Exchange for the listing of and permission to deal in the Conversion Shares to be allotted and issued upon exercise of the conversion rights under the Convertible Notes has been obtained.

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

Hong Kong, 13 March 2013

• For identification purpose only

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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.

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