GoFintech Quantum Innovation Limited — Capital/Financing Update 2016

Nov 4, 2016

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 SUBSCRIPTION OF NEW SHARES BY THE SUBSCRIBER AND ISSUE OF THE SUBSCRIPTION SHARES UNDER GENERAL MANDATE

Reference is made to the announcement of New Times Energy Corporation Limited (the “ Company ”) dated 28 October 2016 (the “ Announcement ”) in relation to the Subscription. Unless the context requires otherwise, capitalised terms used herein shall have the same meanings as those defined in the Announcement.

COMPLETION OF THE SUBSCRIPTION

The Board is pleased to announce that the Condition has been fulfilled and the Completion took place on 4 November 2016 in accordance with the terms and conditions of the Subscription Agreement. Upon the Completion, 500,000,000 new Shares, representing approximately 8.46% of the issued share capital of the Company as at the date of this announcement (as enlarged by the issue of the Subscription Shares), have been duly allotted and issued as fully paid to the Subscriber at the Subscription Price of HK$0.22 per Subscription Share. Accordingly, immediately after the Completion, the total number of issued Shares is 5,910,321,992.

* For identification purpose only

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The following table sets out the shareholding structure of the Company (i) immediately before the Completion, and (ii) immediately after the Completion:

Shareholders Controlling Shareholder: Max Sun Enterprises Limited Public: The Subscriber Other Shareholders Total*	Immediately before the Completion Number of issued Shares Approximate Percentage (%) 3,516,537,544 65.00 29,900,000 0.55 1,863,884,448 34.45 5,410,321,992 100	Immediately after the Completion Number of issued Shares Approximate Percentage (%) 3,516,537,544 59.50 529,900,000 8.97 1,863,884,448 31.53 5,910,321,992 100

Note:

• As at the date of this announcement, Max Sun Enterprises Limited holds certain warrants issued by the Company on 16 July 2012 in the aggregate principal amount of HK$105,000,000 (which warrants entitle their holder to subscribe for new Shares at HK$0.86 per Share and will expire on 15 July 2017).

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

Hong Kong, 4 November 2016

As at the date of this announcement, the Board comprises six Directors, of whom two are executive Directors, namely Mr. Cheng Kam Chiu, Stewart and Mr. Cheng Ming Kit; 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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