Presentation Outline

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

3. Company Overview

4. Company Overview 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 Leading Watch Retailer in the PRC Vertically integrated model from manufacturer, trader and retailer 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 3 core areas of businesses Trading of Watch Movements Manufacturing & Retailing OEM Manufacturing

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 Tick Tack • (SWITZERLAND) 51% of East Base (HONG KONG) 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 Continually enhance vertical integration to further improve its profit & profit margin Have better control over product quality Achieve a competitive cost structure

10. Highlights

11. Performance Highlights Strong Performance across retail segment on back of strong retail sales in the PRC 11 months contribution from OEM Manufacturing Base Tick Tac & East Base Improved Liquidity & Coverage (Lower Debt Ratio) Final Dividend payout of HK$0.30 or 2.6% dividend yield per share 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

12. Recent Developments Time Watch Chairman Buys 1.5million Shares 3 May 2007 Time Watch Acquires ZijingShan Shopping Mall at RMB 96 million 3 May 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 6 March 2007 Proposed issue of SGD 5 million convertible bond from OCBC Bank 22 January 2007 Proposed share consolidation of every 50 issued ordinary shares into 1 ordinary share 5 January 2007

13. FY2007 Financial Review

14. Financial Highlights – FY2007

15. Financial Ratios Profitability / Coverage

16. Net Profit Growth Trend Surged from a loss of HK$50m in FY 2006 to HK$83 m in FY 2007 Net Profit= 29% Y-O-Y 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

17. Revenue Growth Trend Revenue- Strong Growth KEY REVENUE DRIVER 1 : Manufacturing & Retail 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 2 : OEM Manufacturing 11 months contribution in FY 2007 results

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 DivisionsReturn 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 Gross Profit Substantial Increase of 58% from HK$115m to HK$181m CAGR= 25.5% 58% Y-O-Y

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

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

24. Stock PerformancePeer Comparison Information Correct as of 23 Aug 07

25. Outlook

26. Positive Outlook in the PRC Euromonitor market research report dated August 2006 On the Chinese Watch market, on medium-priced products:- “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.”

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 Flagship Store, Branding Anchor & Widening Revenue base Maiden Contributions from Zijingshan Department Store in Zhenzhou, Henan Province expected HY 08 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 Well-Poised for Expansion Next Growth Phase 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 11 months contribution from OEM Manufacturing Base Tick Tac & East Base Target 20%-30% Retail Sales Growth Market Penetration Improved Liquidity & Coverage (Lower Debt Ratio) Flagship Store, Branding Anchor & Widening Revenue base Final Dividend payout of HK$0.30 or 2.6% dividend yield per share Penetration into South East Asian Market

33. Q&A

34. Thank You www.timewatch.com.sg