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GoFintech Quantum Innovation Limited Capital/Financing Update 2014

Sep 16, 2014

49098_rns_2014-09-16_772f1bc5-368a-4b3a-aa8c-67d1904b5c9c.pdf

Capital/Financing Update

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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.

This announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for any securities of the Company.

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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)

CLARIFICATION ANNOUNCEMENT

Reference is made to the announcement of the Company dated 8 September 2014 (the ‘‘Announcement’’). Capitalised terms used herein shall have the same meanings as those defined in the Announcement unless defined otherwise. The Board wishes to clarify that due to inadvertent clerical errors, certain information in the Announcement was mistakenly stated. The relevant errors and corrections made are as follows:

In the last paragraph of page 11 of the Announcement under the heading ‘‘General Mandate’’, the correct wordings should read as follows (with the revised wordings bold):

‘‘The Consideration Shares will be allotted and issued pursuant to the General Mandate. Under the General Mandate, the Directors are allowed to allot, issue and deal with up to 235,574,799 Shares as granted at the annual general meeting of the Company held on 27 June 2014, representing 20% of the number of the Shares in issue on the date of the annual general meeting. As at the date of this announcement, save for the proposed issue of the Consideration Shares pursuant to the Acquisition Agreement, on the assumption that 138,840,000 shares have been allotted and issued under the General Mandate by the Company with reference to the announcement dated 26 August 2014, the 68,310,000 Consideration Shares to be allotted and issued will utilise a further of approximately 29% of the General Mandate. The Directors may only allot, issue and otherwise deal with up to a maximum of 28,424,799 Shares remaining under the General Mandate upon Completion.’’

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

Hong Kong, 16 September 2014

  • For identification purpose only

– 1 –

As at the date of this announcement, the Board comprises seven Directors, of whom two are executive Directors, namely Mr. Cheng Kam Chiu, Stewart and Mr. Cheng Ming Kit; one is a non-executive Director, namely Mr. Heffner, Paul Lincoln;and four are independent nonexecutive Directors, namely Mr. Wong Man Kong, Peter, Mr. Chan Chi Yuen, Mr. Yung Chun Fai, Dickie and Mr. Chiu Wai On.

– 2 –