GoFintech Quantum Innovation Limited — M&A Activity 2010

May 3, 2010

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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EXTENSION OF LONG STOP DAY IN RELATION TO VERY SUBSTANTIAL ACQUISITION

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Reference is made to the announcements of New Times Energy Corporation Limited (the “ Company ”) dated 18 February 2010 and 10 March 2010 (the “ Announcements ”), respectively, in relation to the Acquisition. Unless otherwise stated, capitalised terms used herein have the same meanings as ascribed thereto in the Announcements.

Pursuant to the Agreement, certain conditions (the “ Conditions ”) have to be satisfied (or as the case may be, waived by the Purchaser) on or before 30 April 2010, or such later date as the Purchaser and the Vendor may agree. As additional time is required for the fulfilment of the Conditions, the Purchaser and the Vendor agreed in writing on 30 April 2010 to extend the long stop day for the fulfilment of the Conditions from 30 April 2010 to 30 September 2010.

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

Hong Kong, 3 May 2010

As at the date of this announcement, the Board comprises seven Directors, of which two are executive Directors, namely Mr. Cheng Kam Chiu, Stewart and Mr. Cheng Ming Kit; two non-executive Directors, namely Mr. Wong Man Kong, Peter and Mr. Chan Chi Yuen; and three independent non-executive Directors, namely Mr. Fung Chi Kin, Mr. Fung Siu To, Clement and Mr. Chiu Wai On.