GoFintech Quantum Innovation Limited — M&A Activity 2013

Sep 13, 2013

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)

RECEIPT OF AN OFFER RELATING TO A POTENTIAL ACQUISITION

The Company received an offer from an independent third party vendor in relation to a potential sale of an operated participating interest in a petroleum and natural gas production field in Argentina.

The Board is evaluating the merits of the Offer. In the event the potential acquisition materializes, it may constitute a notifiable transaction of the Company under Chapter 14 of the Listing Rules. The Company will publish additional announcement(s) to inform the Shareholders about the details of the potential acquisition as required.

Shareholders and prospective investors are advised to exercise caution when dealing in shares of the Company.

POTENTIAL ACQUISITION

This announcement is made by the Company pursuant to the Rule 13.09 of the Listing Rules and Inside Information Provision under Part XIV A of the Securities and Futures Ordinance (Cap. 571).

The Board is pleased to announce that the Company has received an offer from an independent third party vendor in relation to a potential sale of an operated participating interest in a petroleum and natural gas production field in Argentina.

• For identification purpose only

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As at the date of this announcement, the Company has not entered into any agreement with the potential vendor in respect of the proposed acquisition. The Board is evaluating the merits of the Offer. The proposed acquisition may or may not proceed. In the event the potential acquisition materializes, it may constitute a notifiable transaction of the Company under Chapter 14 of the Listing Rules. The Company will publish additional announcement(s) to inform the Shareholders about the details of the potential acquisition as required.

Shareholders and prospective investors are advised to exercise caution when dealing in shares of the Company.

INFORMATION ON THE POTENTIAL VENDOR

The potential vendor owns an operated participating interest in a petroleum and natural gas production field in Argentina through its interests in a joint venture.

To the best of the Directors’ knowledge, information and belief having made all reasonable enquiries, the potential vendor and their respective associates are independent third parties.

DEFINITIONS

In this announcement, unless the context otherwise requires, the following words and expressions shall have the following meanings ascribed to them respectively:

‘‘Board’’ the board of directors of the Company ‘‘Company’’ New Times Energy Corporation Limited, a company incorporated in Bermuda with limited liability, the issued shares of which are listed on the Main Board of the Stock Exchange ‘‘connected person’’ has the same meaning ascribed to it in the Listing Rules ‘‘Directors’’ the directors of the Company ‘‘independent third parties’’ any person or company and their respective ultimate beneficial owner(s), to the best knowledge, information and belief of the Directors and having made all reasonable enquiries, are third parties independent of the Company and its connected persons ‘‘Listing Rules’’ the Rule Governing the Listing of Securities on the Stock Exchange ‘‘Offer’’ the offer from an independent third party vendor in relation to the sale of an operated participating interest in a petroleum and natural gas production field in Argentina

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‘‘Shareholders’’

shareholders of the Company

• ‘‘Stock Exchange’’

The Stock Exchange of Hong Kong Limited

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

Hong Kong, 13 September 2013

As at the date of this announcement, the Board comprises seven Directors, of whom three are executive Directors, namely Mr. Cheng Kam Chiu, Stewart, Mr. Cheng Ming Kit and Mr. Wong Tai Cheung, Andrew; and four 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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