GoFintech Quantum Innovation Limited — M&A Activity 2013

Mar 25, 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 the Bermuda with limited liability)

(Stock code: 00166)

SUPPLEMENTAL MEMORANDUM OF UNDERSTANDING IN RELATION TO A POSSIBLE ACQUISITION OF 10% OF THE ENTIRE ISSUED CAPITAL OF RICH JOINT GROUP LIMITED

Reference is made to the announcements of New Times Energy Corporation Limited (“ Company ”) dated 24 December 2012 and 29 January 2013 (“ Announcements ”) in relation to the MOU entered into between the Vendor and the Purchaser for the Possible Acquisition.

Unless the context otherwise requires, capitalized terms used in this announcement shall have the same meaning on those defined in Announcements.

The Board wishes to announce that on 25 March 2013 (after trading hours), the Vendor and the Purchaser entered into a supplemental memorandum of understanding (the “ SMOU ”) whereas the Exclusivity Period of the MOU was amended and extended for a further three months from 24 March 2013 to 23 June 2013.

Save and except the aforesaid amendment under the SMOU, all other terms and conditions of the MOU including those contained in the Addendum remain unchanged.

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

Hong Kong, 25 March 2013

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

• For identification purpose only