GoFintech Quantum Innovation Limited — Director's Dealing 2004

Feb 27, 2004

The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from its reliance upon the whole or part of the contents of this announcement.

NEW TIMES GROUP HOLDINGS LIMITED （新時代集團控股有限公司）[*]

(incorporated in Bermuda with limited liability)

ANNOUNCEMENT

The Board has noted the recent increase in the trading volume of the Shares and wished to state that it is not aware of the reasons for such increase save for the sale of Shares by Mr. Cheong as disclosed below.

This announcement is made at the request of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).

The board of directors (the “Board”) of New Times Group Holdings Limited (the “Company”) has noted the recent increase in the trading volume of the shares of the Company (“Shares”) and wishes to state that save as disclosed below, the Board is not aware of the reasons for such increase.

The Board has been informed by Mr. Cheong Tin Yau (“Mr. Cheong”), the second largest shareholder and the Chairman of the Company, that he had disposed his entire holding of 120,700,000 Shares (representing approximately 27.86 % of the existing issued share capital of the Company and approximately 99% of today’s trading volume of the Shares) through his wholly owned company, Kandy Profits Limited on the market today at the price of HK$0.28 per share. The closing price of the Shares toady is HK$0.34 per share as quoted on the Stock Exchange. Mr. Cheong will remain to act as the Chairman of the Company.

The Board also confirms that save as disclosed above, there are no negotiations or agreement relating to intended acquisitions or realizations which are discloseable under paragraph 3 of the Listing Agreement, neither is the Board aware of any matter discloseable under the general obligation imposed by paragraph 2 of the Listing Agreement, which is or may be of a price-sensitive nature.

Made by the order of the Board, the directors of which individually and jointly accept responsibility for the accuracy of this announcement.

By order of the Board of New Times Group Holdings Limited Cheong Tin Yau Chairman

Hong Kong, 27 February 2004

* For identification purpose only

“Please also refer to the published version of this announcement in China Daily”.