GoFintech Quantum Innovation Limited — Capital/Financing Update 2014

Jul 2, 2014

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 is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for 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)

FIFTH SUPPLEMENTAL AGREEMENT TO THE ACQUISITION AGREEMENT

Reference is made to the announcements of the Company dated 15 May 2012 (‘‘Announcement 1’’), 29 June 2012 (‘‘Announcement 2’’), 31 July 2012 (‘‘Announcement 3’’), 26 December 2012 (‘‘Announcement 4’’), 28 June 2013 (‘‘Announcement 5’’) and 31 December 2013 (‘‘Announcement 6’’) in relation to the Acquisition Agreement, pursuant to which the Company conditionally agreed to acquire the New Sale Interests. Unless the context requires otherwise or otherwise defined herein, the use of capitalized terms herein shall have the same meanings as defined in Announcement 6.

EXTENSION OF LONG STOP DATE

The Board wishes to announce that on 30 June 2014 (after trading hours), the Company, the Purchaser, the Vendor, Target Company A and Target Company B entered into the fifth supplemental agreement to the Acquisition Agreement (‘‘Fifth Supplemental Agreement’’). Pursuant to the Fifth Supplemental Agreement, the Long Stop Date was amended and extended for a further two months from 30 June 2014 to 31 August 2014. Save and except the aforesaid amendments under the Fifth Supplemental Agreement, all other terms and conditions of the Acquisition Agreement remain unchanged.

REASON FOR THE EXTENSION OF LONG STOP DATE

After further arm’s length negotiations between the Company, the Purchaser, the Vendor, Target Company A and Target Company B, as the parties consider that more time is needed to fulfill the Conditions Precedent in respect of the New Sale Interests, in particular, in relation to liaison with local government authority, and therefore they agreed to extend the Long Stop Date for the fulfillment of the Conditions Precedent to Completion. As at the date

• For identification purpose only

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of this Announcement, none of the Conditions Precedent to Completion has been fulfilled save for those set out in the section headed ‘‘Fulfillment of the Conditions Precedent’’ of Announcement 4.

Shareholders and potential investors should note that the acquisition of the New Sale Interests is subject to the fulfilment or waiver of conditions precedent and may or may not proceed to Completion and, even if proceeded to Completion, the value of the asset(s) acquired and consideration to be provided may vary. Shareholders and potential investors should exercise caution in dealing with securities of the Company.

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

Hong Kong, 30 June 2014

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

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