1. Corporate Presentation

2. Presentation Outline 1.Company Overview 2. Highlights 3.Financial Review 4.Outlook 5.Company Growth Strategies 6. Q&A

3. Company Overview

4. Vision Time Watch Investments Ltd’s vision is to be a leading, global player in the timepieces industry. It strives to achieve international brand standards whilst delivering sustainable, superior returns to its shareholders. Mission Time Watch aims to be a leading manufacturer, trader and retailer of top international watch brands by building on its fully integrated value chain and delivering premium quality products. It seeks to work in partnership with its stakeholders to build a valuable, rewarding and socially responsible firm

5. Company Overview Vertically integrated model from manufacturer, trader and retailer Leading Watch Retailer in the PRC Established, large sales network of over 600 outlets in shopping malls in over 35 cities strong barriers to entry Owns “Tian Wang”, one of PRC’s top 3 watch brands & “Balco”, one of PRC’s famous foreign brands Ability to pump new brands into existing network to further fortify growth opportunity Has extensive room both for organic growth as well as “vertical integration” growth OEM Watches’ sector include branded watches: Police, Aigner, Swiss Military, Marie Claire, Jacques Lemans etc. Trading Substantially Below Its Peers, Undervalued High-Growth Stock

6. Market Presence in PRC Over 600 outlets in over 35 cities Stores present in all colored regions except Qinghai & Tibet

7. Business Model Trading of Watch Movements Manufacturing & Retailing OEM Manufacturing 3 core areas of businesses

8. Manufacturing Bases Existing: 40 000 pieces per month Future: Able to increase to 100 000 pieces if necessary Time Watch Acquired 2 Manufacturing Bases in July 06 51% of East Base (HONG KONG) 51% of Tick Tack (SWITZERLAND) Combined Production capacity of 60,000 watches per month / more than 700,000 watches per year Production Capacity

9. Creating Value for … Vertically-integrated Business Model One-Stop Service provider from Designing, Manufacturing Assembling, Trading, distribution and retail High Barriers Of Entry Have better control over product quality Achieve a competitive cost structure Continually enhance vertical integration to further improve its profit & profit margin

10. Highlights

11. Performance Highlights Strong Performance across retail segment on back of strong retail sales in the PRC Optimistic Outlook, Target at least 20% sales growth for next few years Maiden contributions from Zijingshan mall rental rebates, new sales of “POLICE” branded watches, sunglasses and accessories expected in FY 2008 Improved Liquidity & Coverage (Lower Debt Ratio) Final Dividend payout of HK$0.30 or 2.6% dividend yield per share 11 months contribution from OEM Manufacturing Base Tick Tac & East Base

12. Recent Developments 6 March 2007 Placement agreement at the issue price of S$0.33 with OCBC Securities Pte Ltd; UOB Asset Management to take up approximately 11% of the shares 22 January 2007 Proposed issue of SGD 5 million convertible bond from OCBC Bank 5 January 2007 Proposed share consolidation of every 50 issued ordinary shares into 1 ordinary share 3 May 2007 Time Watch Acquires ZijingShan Shopping Mall at RMB 96 million 3 May 2007 Time Watch Chairman Buys 1.5million Shares

13. FY2007 Financial Review

14. Financial Highlights – FY2007 Financial HighlightsFY2007FY2006 % Change Revenue (HK$'000)855,859721,73019% Cost of Sales (HK$'000)674,667606,89211% Gross Profit (HK$'000)181,192114,83858% Gross Profit Margin21%16%31% Net Profit (Loss) as reported (HK$'000)83,061(50,378)N/A Earnings per Share (HK cts) as reported21-15N/A For Reference Exceptional items – Gain (Loss) (HK$'000)27,981(83,499)N/A Net Profit (Loss) from ordinary activities (HK$'000)45,37135,19229% Earnings per Share (HK cts) on ordinary activities131118%

15. Financial Ratios 20072006 +/- HK$M EBITDA(LBITDA)112.5-38.6N/A Equity attributable to equity holders20368199% Total assets533.5266.4100% Profitability / Coverage Return on average shareholders' funds54%N/A Long term debts/total assets15%18%-14% Current assets/current liabilities ratio (times) 1.61.57% Average inventory/turnover (%)16%15%8%

16. Net Profit Growth Trend Surged from a loss of HK$50m in FY 2006 to HK$83 m in FY 2007 Excluding: HK$83m in goodwill written off in FY 2006 & Revaluation gain on property of HK$28m in FY2007 Strong watch sales New store sales Efficiencies of scale Effective cost control Net Profit= 29% Y-O-Y

17. 11 months contribution in FY 2007 results Revenue Growth Trend Revenue- Strong Growth CAGR= 13.9%  Increased 19% Y-O-Y  10% increase in point of sales (“POS”) to 615 points  Sales from each existing POS increased by 20% 19% Y-O-Y KEY REVENUE DRIVER 1 : Manufacturing & Retail KEY REVENUE DRIVER 2 : OEM Manufacturing

18. Business Segmental Revenue Contribution FY 2006 Manufacturing & Retail Sales - 22% Trading Watch Movement - 78% FY 2007 Manufacturing,& Retail Sales - 21% Trading Watch Movement - 53% OEM Manufacturing – 26%

19. Business Divisions Net Profit Contribution FY 2006 Manufacturing & Retail Sales - 75% Trading Watch Movement - 25% FY 2007 Manufacturing, & Retail Sales - 72% Trading Watch Movement - 6% OEM Manufacturing – 22%

20. Business Divisions Return on Net Assets Employed FY 2006 Manufacturing & Retail Sales – 34% Trading Watch Movement -24% FY 2007 Manufacturing, & Retail Sales - 45% Trading Watch Movement - 9% OEM Manufacturing – 42% Resources diverted away from Trading Watch Movement due to lower profit margins

21. Gross Profit Growth Trend Gross Profit- 58% increase Y-O-Y; 25.5% CAGR FY 05-07 CAGR= 25.5% Gross Profit Substantial Increase of 58% from HK$115m to HK$181m 58% Y-O-Y

22. Gross Profit Margin Growth Trend Gross Profit Margin- 31% Growth Attributable to: 1.Successful Cost Reduction Strategies To Lower Production Losses Stricter Cost Control 2.Economies of Scale from New dustless production line in Shenzhen plant commencing operations this year 3.Overall Higher Quality Products

23. Net Cash Increased more than 100%- War Chest to support Expansion Activities Due primarily to a placement of shares by UOB Asset Management of HK$56m 2.3x Debt Ratio improved 72% to 58.3% Directors prudently managed debt position Debt ratio= Total Debt/ Total Asset

24. Stock Performance Peer Comparison EPSPEMC Xinyu Hengdeli 0.04598.52HKD 11379.01M FJ Benjamin 0.3214.07SGD 213M Peace Mark 0.30341.55HKD 12952.52M Shenzhen Fiyta N.A71.03HKD 4611.67M Sincere (HK) 0.0727.67HKD 315.87M Time Watch 0.215.6SGD 86M Information Correct as of 23 Aug 07

25. Outlook

26. Positive Outlook in the PRC Euromonitor market research report dated August 2006 “The growth in demand for medium-price products and those of famous brands, associated with the fashion element of quartz watches, will grow the fastest, reflecting rising consumer expectations and spending power.” On the Chinese Watch market, on medium-priced products:-

27. Sales of Watches Total Volume – Historic and Forecast Source: Euromonitor International Report “Watches in China” August 2006

28. Sales of Watches Total Sales – Historic and Forecast Source: Euromonitor International Report “Watches in China” August 2006

29. Company Growth Strategies

30. Short-Term Growth Strategies 57 points of sales (POS) opened in this financial year Same POS growth = 20% New POS contribution = 10% Target 20% - 30% Retail Segment Growth Market Penetration To obtain sole distributorship in the PRC and retail internationally- renowned brands such as “POLICE” to target younger, trendier yuppies Maiden Contributions from Zijingshan Department Store in Zhenzhou, Henan Province expected HY 08 Flagship Store, Branding Anchor & Widening Revenue base Penetration into South East Asian Market Setting up of Singapore outlet as a launch pad into the rest of South East Asian markets e.g. Malaysia and Indonesia

31. Going Forward Increase reach & explore new business opportunities Further increase presence in the PRC Possibilities in expanding into other markets- Either organically or through mergers and acquisitions Develop its business to increase revenue streams, continue identifying opportunities to expand portfolio Continue to use its network of selling points to capture new opportunities Upgrade & redesign showrooms & showcases to maintain image, optimizing its product mix & raising brand awareness

32. Summary Strong Performance across retail segment on back of strong retail sales in the PRC Maiden contributions from Zijingshan mall rental rebates, new sales of “POLICE” branded watches, sunglasses and accessories expected in FY 2008 Improved Liquidity & Coverage (Lower Debt Ratio) Final Dividend payout of HK$0.30 or 2.6% dividend yield per share 11 months contribution from OEM Manufacturing Base Tick Tac & East Base Target 20%-30% Retail Sales Growth Market Penetration Flagship Store, Branding Anchor & Widening Revenue base Penetration into South East Asian Market Well-Poised for Expansion Next Growth Phase

33. Q&A

34. Thank You www.timewatch.com.sg