香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告 全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 （於開曼群島註冊成立的有限公司） Time Watch Investments Limited 時計寶投資有限公 司 （股份代號：2033） 修訂主要供應協議項下 持續關連交易的年度上限 主要供應協議 茲提述本公司日期為2024年6月28日的該公告，內容有關主要供應協議項下 擬進行的持續關連交易。 於2024年6月28日，本公司與ILG訂立主要供應協議，據此，本公司（為其本身 及作為本集團成員公司的受託人）已同意向ILG集團成員公司供應按OEM基 準生產的錶芯及手錶。 1 修訂年度上限 由於ILG集團對按OEM基準製造的錶芯及手錶的需求有所增加，本公司預計 現有年度上限將不足以應付來自ILG集團的預期訂單量增長。因此，本公司 已決定修訂現有年度上限。除修訂現有年度上限外，主要供應協議的所有其 他條款及條件維持不變。 上市規則的涵義 於本公告日期，ILG由Chainani先生及其兄弟擁有約67.8%，而C ...

Time Watch Investments Limited 時計寶投資有限公 司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） (Stock Code 股份代號：2033) NOTIFICATION LETTER 通知信函 26 March 2026 Dear Non-registered Holder(s) (Note 1) , Time Watch Investments Limited (the "Company") – Notification of publication of Interim Report 2026 (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are available on the Company's website at www.timewatch.com.hk and ...

Time Watch Investments Limited 時計寶投資有限公 司 (Incorporated in the Cayman Islands with limited liability) (Stock Code 股份代號：2033) （於開曼群島註冊成立的有限公司） NOTIFICATION LETTER 通知信函 Actionable Corporate Communications refer to any corporate communications that seek instructions from the Shareholders on how they wish to exercise their rights or make elections as Shareholders. 各位登記股東： Dear Registered Shareholders, 26 March 2026 Time Watch Investments Limited (the "Company") – Notice of publication of Interim Report 2026 (th ...

本集團的核心自主品牌天王錶(Tian Wang)創立於1988年，現已 發展成為中國知名及定位大眾市場的國內頂級手錶品牌之一。本 集團的另一自主品牌拜戈錶(Balco)最初由獨立第三方於1986年在 瑞士註冊，並由本集團於2002年收購，以國內中等收入的年輕消 費者為銷售目標，提供瑞士製造手錶。 憑藉悠久的品牌底蘊及在中國的聲譽，我們經營由約1,500個 直接管理和控制的銷售點構成的龐大線下銷售網絡以及位 於多個主要電子商務平台的銷售渠道。 我們是 我們為中華人民共和國（「中國」）國產手錶的領先製造 商，品牌擁有人及零售商。 使命 我們通過實施戰略規劃，進一步提升生產和門店 的經營效益，策略性擴充銷售網絡，加大對電商的資 源投入，以最大限度地實現集團的整體綜合競爭力。 我們致力通過穩健的財務表現，為股東帶來穩定的回報和長 遠的價值。 我們努力提供優質的售前及售後服務，不斷提升客戶體驗。 我們聘請人才為公司的成功作出貢獻，並投資於所有員 工的發展。 願景 我們致力為客戶提供價格合理、時尚新 穎及品質穩定的手錶，維持和進一步加 強我們的市場領導地位，為股東帶來 可持續的股東價值，幫助員工的成 長和分享我們的成功。 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 FF301 截至月份: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 時計寶投資有限公司（於開曼群島註冊成立的有限公司） 呈交日期: 2026年3月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02033 | 說明 | 普通股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 100,000,000,000 | HKD | | 0.1 HKD | | 10,000,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 100,000,000,000 | HKD | | 0.1 HKD | | 10,000,000 ...

Core Viewpoint - The company reported a significant decline in revenue and an increase in losses, primarily attributed to decreased sales from its flagship product, the Tianwang watch, amid ongoing international trade tensions and high tariffs imposed by the new U.S. government [1] Financial Performance - The company achieved revenue of HKD 281 million for the six months ending December 31, 2025, representing an 18.2% year-on-year decrease [1] - The loss attributable to owners for the period was HKD 36.85 million, a substantial increase of 237.67% compared to the previous year [1] - Basic loss per share was reported at 1.8 HKD cents [1] Market Conditions - The decline in revenue is primarily due to a drop in sales from the Tianwang watch, influenced by high tariffs on imports to the U.S., particularly those from China, which are above the average tariff rates [1] - Ongoing international trade disputes and tariff wars have negatively impacted China's economic growth and employment, further weakening consumer confidence in the Chinese retail market, which in turn affected product demand during the reporting period [1]

Core Viewpoint - The company reported a significant increase in losses and a decline in revenue, primarily due to the impact of high tariffs on imports, particularly from China, amid ongoing international trade tensions [1] Financial Performance - The company achieved revenue of HKD 281 million, representing a year-on-year decrease of 18.2% [1] - The loss attributable to shareholders was HKD 36.853 million, which is an increase of 237.67% compared to the previous year [1] - The basic loss per share was HKD 0.018 [1] Market Impact - The decline in revenue is attributed to decreased sales from the Tianwang watch brand [1] - The new U.S. government's imposition of high tariffs on a wide range of imported goods, particularly those from China, has intensified global trade tensions [1] - Ongoing international trade friction and tariff wars have negatively affected China's economy and employment growth, further weakening consumer confidence in the Chinese retail market, which in turn impacted product demand during the reporting period [1]

Core Viewpoint - The company reported a significant decline in revenue and an increase in losses for the first half of the 2026 fiscal year compared to the same period in the previous year [1] Financial Performance - Revenue for the first half of the 2026 fiscal year was approximately HKD 281 million, a decrease of about HKD 62.4 million from approximately HKD 343 million in the first half of the 2025 fiscal year [1] - The loss attributable to shareholders for the first half of the 2026 fiscal year was approximately HKD 36.9 million, compared to a loss of about HKD 10.9 million in the first half of the 2025 fiscal year [1] - The basic loss per share for the first half of the 2026 fiscal year was HKD 0.018, while it was HKD 0.005 for the first half of the 2025 fiscal year [1]

Financial Performance - For the first half of the fiscal year 2026, the revenue was approximately HKD 280.5 million, a decrease of about HKD 62.4 million compared to HKD 343.0 million in the first half of fiscal year 2025[4]. - The loss attributable to the owners of the company for the first half of fiscal year 2026 was approximately HKD 36.9 million, compared to a loss of HKD 10.9 million in the same period of fiscal year 2025[4]. - The basic loss per share for the first half of fiscal year 2026 was HKD 0.018, compared to HKD 0.005 in the first half of fiscal year 2025[4]. - The gross profit for the first half of fiscal year 2026 was HKD 181.7 million, down from HKD 235.1 million in the first half of fiscal year 2025, reflecting a decrease of approximately 22.8%[5]. - The group reported a loss before tax of HKD 34,952,000 for the six months ending December 31, 2025, compared to a loss of HKD 22,756,000 for the same period in 2024[14][15]. - The group incurred a loss attributable to owners of the company of HKD 36,853,000 for the six months ending December 31, 2025, compared to a loss of HKD 10,914,000 in 2024[28]. - The group recorded a loss attributable to owners of the company of approximately HKD 36.9 million in the first half of fiscal year 2026, an increase of about HKD 25.9 million or 237.7% compared to the prior period[49]. Revenue Breakdown - The group's revenue for the first half of the fiscal year 2026 decreased by approximately HKD 62.4 million or 18.2% to about HKD 280.5 million compared to the first half of the fiscal year 2025, primarily due to a decline in sales from the Tianwang watch business[40]. - Revenue from the Tianwang watch business, which accounted for approximately 78.5% of total revenue in the first half of fiscal year 2026, decreased by about HKD 64.7 million or 22.7% to approximately HKD 220.1 million[41]. - Revenue from other brands (China) business increased by approximately HKD 1.2 million or 7.7% to about HKD 17.4 million, representing approximately 6.2% of total revenue in the first half of fiscal year 2026[42]. - The watch trading business accounted for approximately 15.3% of total revenue in the first half of the fiscal year 2026, up from 12.2% in the first half of fiscal year 2025, with revenue increasing from approximately HKD 42.0 million to HKD 43.0 million, a growth of about 2.5%[54]. - E-commerce operations contributed approximately 24.6% of total revenue in the first half of fiscal year 2026, down from 26.6% in the first half of fiscal year 2025[55]. Assets and Liabilities - Total assets as of December 31, 2025, were HKD 2,264.3 million, compared to HKD 2,300.4 million as of June 30, 2025[8]. - Current liabilities increased to HKD 199.9 million as of December 31, 2025, from HKD 170.7 million as of June 30, 2025[8]. - The company reported a net cash balance of HKD 913.9 million as of December 31, 2025, down from HKD 979.8 million as of June 30, 2025[7]. - The company’s non-current assets totaled HKD 975.2 million as of December 31, 2025, compared to HKD 965.5 million as of June 30, 2025[7]. - The company’s total equity attributable to owners was HKD 2,230.8 million as of December 31, 2025, a slight decrease from HKD 2,261.5 million as of June 30, 2025[8]. - The company's debt instruments amounted to HKD 141,180,000 as of December 31, 2025, down from HKD 153,080,000 as of June 30, 2025, indicating a decrease of about 8%[33]. - The debt-to-equity ratio increased to approximately 3.1% as of December 31, 2025, from 1.7% on June 30, 2025, due to an increase in bank and other borrowings[61]. Employee and Operational Costs - The total employee costs, including directors' remuneration, were HKD 113,485,000 for the six months ending December 31, 2025, down from HKD 126,405,000 in 2024, reflecting a decrease of approximately 10.2%[25]. - The group employed approximately 2,100 full-time employees as of December 31, 2025, down from about 2,400 on June 30, 2025[77]. - The group's selling and distribution costs decreased by approximately HKD 48.5 million or 19.6% to about HKD 199.1 million, attributed to the closure of certain sales points and reduced employee costs[46]. Strategic Initiatives - The group launched over 13 new models of Tianwang watches in the first half of fiscal year 2026, with prices ranging from approximately RMB 400 to RMB 6,700, catering to diverse customer needs[52]. - The number of sales points for Tianwang watches decreased from 1,487 to 1,440, reflecting the group's strategy to control sales and distribution costs amid economic challenges[41][51]. - The group plans to continue launching diverse, high-quality, and reasonably priced Tian Wang and Baige watches to meet the evolving demands of young consumers in the retail sector[82]. - The group aims to optimize its brand and product mix to cater to the changing preferences of consumers across different age groups and income levels in China[79]. - The group will maintain a prudent strategy by streamlining underperforming sales points and optimizing its offline sales network to sustain profitability while ensuring adequate regional coverage[80]. Market Outlook and Risks - The management expects uncertainty in China's macroeconomic outlook and retail environment to continue affecting performance and financial condition in the coming years[85]. - The group anticipates a highly competitive operating environment for e-commerce due to intensified promotional activities on major online platforms and ongoing weak consumer sentiment[82]. - The group has not established a foreign currency hedging policy but will monitor foreign exchange risks and consider hedging significant foreign currency risks as necessary[76]. Cash Flow and Investments - The net cash generated from operating activities in the first half of fiscal year 2026 was approximately HKD 21.4 million, a decrease of about 35.1 million from HKD 56.5 million in the first half of fiscal year 2025[60]. - The group maintains a net cash position with ample bank balances and cash, along with a diversified portfolio of fixed deposits, investment funds, and listed corporate bonds, providing stable interest income and a buffer against market volatility[83]. - The group has not made any significant acquisitions or disposals of subsidiaries, associates, or joint ventures in the first half of the 2026 fiscal year, nor does it have any future plans for significant investments or capital assets[74].

Group 1 - The company, Timepiece Treasure (02033), issued a profit warning, expecting a loss of approximately HKD 37 million for the first half of the fiscal year 2026, an increase from a loss of HKD 10.9 million in the same period of 2025 [1] - The board attributes the increased loss to ongoing international trade friction and global economic fluctuations, which have led to a weak retail market in China, resulting in decreased revenue [1] - The group anticipates other comprehensive income of about HKD 26.8 million for the first half of the fiscal year 2026, compared to other comprehensive expenses of approximately HKD 3.6 million in the first half of the fiscal year 2025, with the increase attributed to changes in the fair value of debt instruments [1] Group 2 - Timepiece Treasure is a leading watch developer and retailer in China, primarily offering its own brands, Tian Wang and Baige, and has been engaged in product design, development, parts procurement, assembly, inventory management, promotion, and sales since its establishment in 1988 [1] - In the previous fiscal year, the company reported a significant decline in performance, with revenue of HKD 628.7 million for the fiscal year ending June 30, 2025, representing a year-on-year decrease of 21.75%, and a net loss attributable to shareholders of HKD 15.99 million, a decline of 152.13% year-on-year [1]