GoFintech Quantum Innovation Limited — Capital/Financing Update 2015

Mar 31, 2015

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)

FURTHER DELAY IN COMPLETION OF DISCLOSEABLE TRANSACTION

Reference is made to the Previous Announcements and the announcement of the Company dated 4 March 2015 (‘‘Announcement 9’’) in relation to the Acquisition Agreement, pursuant to which the Company conditionally agreed to acquire the New Sale Interest A. Unless the context requires otherwise or otherwise defined herein, the use of capitalized terms herein shall have the same meanings as defined in the Previous Announcements and Announcement 9.

As disclosed in Announcement 9, Completion shall take place on or before 31 March 2015. However, given that more time is required for the Vendor to prepare certain completion document as disclosed in Announcement 9, Completion could not take place on 31 March 2015. In the circumstances, the parties to the Acquisition Agreement have agreed that Completion is to take place on or before 30 June 2015 or such other date as may be agreed by them.

Further announcement(s) will be made by the Company in respect of the Acquisition as and when appropriate.

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

Hong Kong, 31 March 2015

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.

• For identification purpose only