1. Corporate Presentation 17 September 2008

2. Presentation Outline Business Overview FY2008 Financial Review Outlook & Future Plans

3. Stock Information Stock CodesTWCH.SI, TWIN SP Share PriceS$0.140 (Closing on 16/09/08) Number of Issued Shares374,062,000 Market CapitalizationS$52.4 million FY08 PE4.5 times Research coverage CIMB (BUY, TP $0.40) Westcomb (BUY, TP$0.39) Substantial Shareholders Founder 58.3% UOB Asset Management 10.9% Free float30.8%

4. Time Watch – A leading PRC watch retailer Extensive retail presence and experience Started first PRC retail store in 1988 2 house brands “Tian Wang” & “Balco” and PRC exclusive distributor of Italian brand Police 4 key business segments Manufacturing and Retailing OEM Manufacturing Watch movement trading Leasing of Shopping Mall

5. Strong Brand Equity – China’s No. 1 Watch Brand Multi-brand strategy with two house brands; “Tian Wang” and “Balco” as well as exclusive PRC distributorship of Italian brand “Police” “Tian Wang” brand top among ALL watch brands in China in terms of sales volume “Balco” brand of Swiss watches among top- selling foreign watch brands in China* *Source: China National Commercial Information Centre, an agency governed by the Commercial Department of the PRC Government. Renowned actor Francis Ng is Balco’s spokesperson

6. Market Presence in PRC 764 outlets in over 35 cities Stores present in all colored regions except Qinghai & Tibet

7. Presentation Outline Business Overview FY2008 Financial Review Outlook & Future Plans

8. Performance Highlights Satisfactory top and bottom-line growth Expanded point of sales by 149 stores Initial contributions from new Police stores and HK flagship store Shift of focus to higher margin business segments Gross margin expansion on higher contributions from Retail segment

9. Income Statement - Highlights FY: Financial year ended 30 June

10. Balance Sheet -- Highlights

11. Cash Flow Statement -- Highlights

12. Sales by Business Segment Focus increasingly on high margin retail and OEM segments since 2007 Retail and OEM contribute 62% of sales in FY08 versus 48% previously Retail store in Tshimshatsui, HK contributes HK$47.9m, 16% of total retail sales despite setting up only in late Jan 2008 Gross margin for the Group surged from 21.2% in FY2007 to 30.5% in FY2008 due to the change in business mix.

13. Segment Results Retail contributes 64% of Group’s core profits Watch movement segment has strategic importance to support retail and OEM segments Initial contributions from leasing of Zijingshan Department Store at Zhengzhou City, Henan Province. Profits from core operations up a strong 19%

14. Breakdown of Stores. Total of 149 additional stores opened for Tian Wang, Balco and Police Opened 15 stores for Italian brand Police to kickstart exclusive PRC distributorship

15. Tian Wang & Balco’s FY08 sales performance Tian Wang Lowest Price: 150 Highest Price: 23,800 ASP: RMB 832 Balco Lowest Price: 1,620 Highest Price: 29,800 ASP: RMB 3,050 Top 10 best-selling Tian Wang models in FY08Top 10 best-selling Balco models in FY08

16. Outlets in PRC.

17. Improving PRC Performance Average Sales Per Store HK$’000 15.2%

18. Presentation Outline Business Overview FY2008 Financial Review Outlook & Future Plans

19. Growing Size of PRC Middle Class & Watch Market Size of China’s middle class (earning between US$6,000-US$25,000 per year) to increase from 5% of urban households in 2005 to 43% in 2015 and 66% in 2025. Size of the affluent class (earning more than US$25,000 per year) is expected to comprise 2.3% of Chinese urban households by 2025. Source: McKinsey Global Institute Rapidly emerging middle class, along with rising discretionary spending power, to be the key fundamental driver of watch retail spending. PRC watch market size valued at RMB7.1 billion in 2008, reaching RMB8.3 billion by 2010 Source: Euromonitor

20. Dual Expansion Plans 149 point of sale (POS) added in FY08 Continue to expand retail network in FY09 Increase same store sales Expansion of Retail Point of Sales Expansion of Retail Formats To obtain additional sole distributorships in the PRC Retailing of internationally-renowned brands such as “POLICE” to target younger, trendier yuppies

21. On Track For Further Growth HK$’m *Adjusted for HK$83m in non-cash goodwill write off in FY06, revaluation gain on property of HK$28m in FY2007 and HK$4.3m in FY2008. Analysts’ consensus estimates used for FY09 and FY10 CAGR of 33.4%

22. Summary Vertically integrated model from manufacturer, trader and retailer to enhance margins Owns “Tian Wang”, the largest PRC watch brand Ability to pump new brands into existing network to further fortify growth opportunity Trading substantially below peers, An undervalued high-growth stock “Balco” and “Police” brands to supplement growth

23. THANK YOU www.timewatch.com.sg