GoFintech Quantum Innovation Limited — Capital/Financing Update 2015

Mar 4, 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)

DELAY IN COMPLETION OF DISCLOSEABLE TRANSACTION

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’’), 31 December 2013 (‘‘Announcement 6’’), 30 June 2014 (‘‘Announcement 7’’) and 29 August 2014 (‘‘Announcement 8’’, together with Announcement 1, Announcement 2, Announcement 3, Announcement 4, Announcement 5, Announcement 6 and Announcement 7, the ‘‘Previous Announcements’’) 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.

The Board is pleased to announce that on 28 February 2015 (Hong Kong time), all conditions precedent as set out in the Acquisition Agreement have been fulfilled or waived pursuant to the terms and conditions of the Acquisition Agreement. As such, pursuant to the Acquisition Agreement, Completion shall take place on 4 March 2015 (the ‘‘Original Completion Date’’) or such other date as the parties to the Acquisition Agreement may agree in writing. Given that time is required for the Vendor to prepare certain completion document, it is expected that Completion is unlikely to be able to take place on the Original Completion Date. In the circumstances, the parties to the Acquisition Agreement have agreed that Completion shall take place on or before 31 March 2015.

Further announcement will be made by the Company upon Completion.

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

Hong Kong, 4 March 2015

• For identification purpose only

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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.

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