99 61 6101 6103 111 25 Conyers Trust Company (Cayman) Limited Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 183 22 00444 http://www.sincerewatch.com.hk Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands Sincere Watch (Hong Kong) Limited 2018 01
160,862,000 40.4% 225,795,000 30.7% 39.7% 49,349,000 89,737,000 65,299,000 51,955,000 9 1.1 1.0 02 Sincere Watch (Hong Kong) Limited 2018
Sincere Watch (Hong Kong) Limited 160,900,000 40.4% 225,800,000 49,300,000 81.9% 89,700,000 30.7% 39.7% 1,500,000 2,700,000 1,800,000 5,400,000 8,000,000 2,100,000 9,900,000 52,800,000 Sincere Watch (Hong Kong) Limited 2018 03
9 42,800,000 44,000,000 39 3,700,000 17,800,000 65,300,000 52,000,000 9 1.1 1.0 18.4 21.4 188,500,000 83.5% 49.0% 14.4% 110,700,000 34.4% 49,500,000 57.0% 77,800,000 6,400,000 23,200,000 5,700,000 24.6% 14,000,000 8,200,000 04 Sincere Watch (Hong Kong) Limited 2018
FRANCK MULLER de GRISOGONO CVSTOS Pierre Kunz European Company Watch Backes & Strauss 49 11 60 60 10 50 22 FRANCK MULLER Crazy Hours 15 Vanguard FRANCK MULLER Vanguard Vanguard Yachting S6 Skeleton Vanguard Lady Gravity Sincere Watch (Hong Kong) Limited 2018 05
93,700,000 194,000,000 45,000,000 150,000,000 12.8% 3823 36,760,000 1,985 74 938 20,000,000 9,600 500 3886 6,600,000 3,901 271 376 1,196,000 4,784 (239) 2066 H 500,000 1,870 (1,060) 8172 18,800,000 3,854 (2,726) 36 (8,563) 627 15,845,000 12,834 (11,238) 663 350,000,000 50,400 (12,600) 1003 13,760,000 23,254 (2,890) 1622 3,000,000 11,940 (6,932) 1076 337,980,000 21,969 (11,154) 146,391 (43,957) (12,600) 06 Sincere Watch (Hong Kong) Limited 2018
146,400,000 44,000,000 12,600,000 544,800,000 442,500,000 1,068,500,0001,111,900,000 6,043,950,000 1,061,950,000 1,500,000 2,700,000 8,000,000 2,100,000 5,400,000 1,800,000 21 Sincere Watch (Hong Kong) Limited 2018 07
166 173 08 Sincere Watch (Hong Kong) Limited 2018
XV 352 265,000,000 4.38% 325,920,000 5.39% 325,920,000 Be Bright Limited Sincere Watch Limited Be Bright Limited 325,920,000 XV 352 18 Sincere Watch (Hong Kong) Limited 2018 09
336 Sky League Limited 1,294,370,000 21.42% 1 1,294,370,000 21.42% 1,061,950,000 17.57% 2 1,061,950,000 17.57% 1,061,950,000 17.57% Shipshape Investments Limited 3 1,061,950,000 17.57% 3 1,061,950,000 17.57% 3 1,061,950,000 17.57% 3 1,061,950,000 17.57% 3 1,061,950,000 17.57% 3 1,061,950,000 17.57% 10 Sincere Watch (Hong Kong) Limited 2018
3 1,061,950,000 17.57% 550,960,000 9.12% 4 550,960,000 9.12% Sincere Watch Limited 325,920,000 5.39% Be Bright Limited 5 325,920,000 5.39% 1. 1,294,370,000 Sky League Limited 1,294,370,000 2. 1,061,950,000 1,061,950,000 3. Shipshape Investments Limited Shipshape Investments Limited Lee and Lee Trust Lee and Lee Trust 74.95% 4. 550,960,000 550,960,000 5. 325,920,000Be Bright Limited Sincere Watch Limited Be Bright Limited 325,920,000 336 Sincere Watch (Hong Kong) Limited 2018 11
2410 13.51B(1) Sincere Watch (Hong Kong) Limited 12 Sincere Watch (Hong Kong) Limited 2018
SINCERE WATCH (HONG KONG) LIMITED 15 58Sincere Watch (Hong Kong) Limited 34 34 34 2410 Sincere Watch (Hong Kong) Limited 2018 13
34 P01220 14 Sincere Watch (Hong Kong) Limited 2018
6 225,795 160,862 (136,058) (111,513) 89,737 49,349 963 2,273 3,648 (17,818) (2,326) (486) (43,379) (42,832) (52,803) (46,914) (2,091) (9,899) (52,780) 1,453 (2,670) (7,954) 2,061 12 130 47 (42,836) (5,376) 1,813 (64,482) (51,529) 7 (817) (426) 8 (65,299) (51,955) Sincere Watch (Hong Kong) Limited 2018 15
(12,600) (62,557) 11,607 (2,287) (3,648) 8,080 (75,157) 13,752 (140,456) (38,203) 10 (1.1) (1.0) 16 Sincere Watch (Hong Kong) Limited 2018
11 2,954 5,121 12 711,805 375,857 13 63,000 14 48,071 46,950 15 50,400 35,000 813,230 525,928 421,218 379,949 16 91,750 74,073 18 202 204 1,360 13 136,788 14 95,991 93,679 194,027 702,840 786,401 17 255,048 235,669 18 440 3,359 3,342 1,556 1,476 1,066 260,306 241,650 442,534 544,751 1,255,764 1,070,679 Sincere Watch (Hong Kong) Limited 2018 17
19 141,882 2,010 2,166 143,892 2,166 1,111,872 1,068,513 20 120,879 99,640 990,993 968,873 1,111,872 1,068,513 18 Sincere Watch (Hong Kong) Limited 2018
99,640 800,932 36,489 801 (16,333) 180,162 1,101,691 11,607 11,607 (2,287) (2,287) (3,648) (3,648) 8,080 8,080 (51,955) (51,955) 2,145 11,607 (51,955) (38,203) 99,640 800,932 38,634 801 (4,726) 128,207 1,063,488 99,640 800,932 30,892 801 16,058 120,190 1,068,513 15 3 9 3 (30,892) 14,350 16,497 (45) 99,640 800,932 14,350 801 16,058 136,687 1,068,468 (62,557) (62,557) (12,600) (12,600) (65,299) (65,299) (12,600) (62,557) (65,299) (140,456) 20 21,239 162,621 183,860 120,879 963,553 1,750 801 (46,499) 71,388 1,111,872 Sincere Watch (Hong Kong) Limited 2018 19
(52,364) (35,475) (2,737) (886) (30,000) (38,384) (45,313) 565 1,375 40,128 26,839 (43,717) (4,696) (96,081) (40,171) 194,027 238,807 (4,267) 1,065 93,679 199,701 20 Sincere Watch (Hong Kong) Limited 2018
1. 22 3 2. 34 34 9 15 3 34 5 Sincere Watch (Hong Kong) Limited 2018 21
2. 2410 13 14 3. 9 15 22 2 4 4 9 28 40 1 22 Sincere Watch (Hong Kong) Limited 2018
3. 9 3A 15 3B A. 9 9 (i) 9 39 (1) (2) (3) 9 Sincere Watch (Hong Kong) Limited 2018 23
3. A. 9 9 (i) 9 120,190 3A(ii) (45) 3A(ii) 3A(ii) 3A(i) 16,542 136,687 30,892 3A(i) (14,350) 3A(i) (16,542) 3A(i) 14,350 14,350 24 Sincere Watch (Hong Kong) Limited 2018
3. A. 9 9 (i) 9 39 39 9 9 9 15 (i) (ii) (iii) 9 (i) (ii) SPPI 9 Sincere Watch (Hong Kong) Limited 2018 25
3. A. 9 9 (i) SPPI SPPI 26 Sincere Watch (Hong Kong) Limited 2018
3. A. 9 9 (i) Sincere Watch (Hong Kong) Limited 2018 27
3. A. 9 9 (i) (a) (b) (a) 9 63,000,000 14,350,000 28 Sincere Watch (Hong Kong) Limited 2018
3. A. 9 9 (i) 39 9 39 9 39 9 1,360 1,360 136,788 136,788 3A(i)(a) 63,000 63,000 3A(i)(b) 204 204 74,073 74,028 194,027 194,027 (ii) 9 39 9 39 9 (1)12 12 (2) Sincere Watch (Hong Kong) Limited 2018 29
3. A. 9 9 (ii) 9 12 12 12 30 (1) (2) 90 30 Sincere Watch (Hong Kong) Limited 2018
3. A. 9 9 (ii) 9 9 41,000 9 4,000 Sincere Watch (Hong Kong) Limited 2018 31
3. A. 9 9 (iii) 9 9 9 9 39 9 B. 15 15 15 11 18 15 15 15 15 32 Sincere Watch (Hong Kong) Limited 2018
3. B. 15 15 15 15 15 15 (a) (b) (c) 15 Sincere Watch (Hong Kong) Limited 2018 33
3. B. 15 15 (i) FRANCK MULLER 15 30 (ii) 17 15 (iii) 15 15 15 6 34 Sincere Watch (Hong Kong) Limited 2018
4. 16 1 1 23 23 1 9 1 19 1 28 1 10 28 2 1 2 155,037,000 16 16 5. 3 9 15 Sincere Watch (Hong Kong) Limited 2018 35
6. (a) 110,735 77,767 23,249 14,044 225,795 29,592 37,648 8,453 14,044 89,737 1,453 (7,954) 130 (48,212) (100,599) 963 (64,482) 36 Sincere Watch (Hong Kong) Limited 2018
6. (a) 96,771 49,521 6,394 8,176 160,862 13,677 25,139 2,357 8,176 49,349 (2,670) 2,061 47 1,813 (108,050) 5,921 (51,529) (b) Sincere Watch (Hong Kong) Limited 2018 37
(unaudited) (unaudited) (unaudited) (unaudited) 6. (b) 108,871 1,864 110,735 77,767 14,044 91,811 23,249 23,249 209,887 1,864 14,044 225,795 108,498 108,498 98,001 98,001 3,388 3,388 1,864 1,864 14,044 14,044 209,887 1,864 14,044 225,795 209,887 1,864 14,044 225,795 209,887 1,864 14,044 225,795 38 Sincere Watch (Hong Kong) Limited 2018
6. (b) 94,665 2,106 96,771 49,521 8,176 57,697 6,394 6,394 150,580 2,106 8,176 160,862 76,000 76,000 69,973 69,973 4,607 4,607 2,106 2,106 8,176 8,176 150,580 2,106 8,176 160,862 150,580 2,106 8,176 160,862 150,580 2,106 8,176 160,862 Sincere Watch (Hong Kong) Limited 2018 39
7. (784) (415) (784) (415) (33) (11) (817) (426) 16.5%16.5% 40 Sincere Watch (Hong Kong) Limited 2018
8. 9,025 9,556 25,743 17,905 554 450 35,322 27,911 2,414 3,225 35,729 35,702 6,623,000 15,931,000 136,058 111,513 565 1,922 9. Sincere Watch (Hong Kong) Limited 2018 41
10. (65,299) (51,955) 5,875,662,842 4,982,000,000 42 Sincere Watch (Hong Kong) Limited 2018
11. 2,737,000 886,000 2,489,000 632,000 2,326,000 486,000 10% 12. 338,489 614 36,754 375,857 401,441 130 (65,623) 711,805 350,000,000 323,873,000 401,441,000 Sincere Watch (Hong Kong) Limited 2018 43
12. 338,489 614 36,754 375,857 401,441 130 (65,623) 711,805 44 Sincere Watch (Hong Kong) Limited 2018
12. (HP Tower)1 A A1 2 8.08 19.57 10.00 20.67 4.5% 5.5% 5% 1 (Dong Shan Shu, Building 1) 9.48 20.00 4.5% 5% Sincere Watch (Hong Kong) Limited 2018 45
12. (HP Tower)1 A A1 2 8.07 19.57 9.9 20.51 4.5% 5% 14,044,000 8,176,000 13. 199,788 63,000 136,788 199,788 9 14 15 46 Sincere Watch (Hong Kong) Limited 2018
14. (a) 48,071 46,950 (b) 95,991 48,071 46,950 95,991 144,062 46,950 (a) Aquamen Entertainment LLC Aquamen 45,000,000 Aquamen Aquamen 45,000,000 Aquamen 15% (b) Sincere Watch (Hong Kong) Limited 2018 47
15. 50,400 (i) (ii) (iii) 16. 40,619 33,285 51,131 40,788 91,750 74,073 30 25,191 22,831 31 90 15,263 10,096 91 120 358 120 165 40,619 33,285 48 Sincere Watch (Hong Kong) Limited 2018
16. 30 90 165,000 358,000 17. 162,720 139,820 92,328 95,849 255,048 235,669 90 71,455 76,222 91 365 91,242 63,595 365 23 3 162,720 139,820 18. Sincere Watch (Hong Kong) Limited 2018 49
19. 350,000,000 150,000,000 141,882 20. 0.02 20,000,000,000 400,000 0.02 4,982,000,000 99,640 i 1,061,950,000 21,239 6,043,950,000 120,879 (i) 0.113 1,061,950,000 50 Sincere Watch (Hong Kong) Limited 2018
21. 23,095 15,039 27,632 30,559 50,727 45,598 74,784 67,639 80,253 81,722 155,037 149,361 Sincere Watch (Hong Kong) Limited 2018 51
22. 48,071 46,950 95,991 199,788 1,360 50,400 93,679 194,027 81,156 100,820 202 204 242,175 217,999 440 3,359 141,882 3,342 1,556 52 Sincere Watch (Hong Kong) Limited 2018
22. (a) (b) Sincere Watch (Hong Kong) Limited 2018 53
22. (b) 54 Sincere Watch (Hong Kong) Limited 2018
22. (b) 4.82% 1% 709,000 727,000 14(b) 10% 589,000 10% 719,000 689,000 Sincere Watch (Hong Kong) Limited 2018 55
(unaudited) (unaudited) (unaudited) (unaudited) 22. (b) 48,071 48,071 90,106 5,885 95,991 50,400 50,400 3,342 3,342 56 Sincere Watch (Hong Kong) Limited 2018
22. (b) 46,950 46,950 1,360 1,360 194,246 5,542 199,788 1,556 1,556 5,542 343 5,885 Sincere Watch (Hong Kong) Limited 2018 57
22. (b) 46,950 1,121 48,071 23. 336 170 70 68 5,097 5,723 177 142 100 120 120 196 24. 58 Sincere Watch (Hong Kong) Limited 2018