ANNUAL REPORT 2014 (incorporated in the Cayman Islands with limited liability) () Stock Code : 256

04 05 06 10 23 29 33 43 53 54 56 58 59 61 62 153 155 156

TIMING DEVICES 2014/15

AN UNIQUE COLLECTION

www.citychampwatchjewellery.com

4 27,000,000 The Dreyfuss Group Limited RotaryDreyfuss & Co. J & T Windmills China Haidian Holdings Limited Citychamp Watch & Jewellery Group Limited 500 66.58 60 44.58 Citychamp Watch and Jewellery SwissCo AG1 500

5 600,610 3,488,553 3,176,423 163,032 310,287 281,790 280,782 2,240,304 1,970,319 1,496,723 10 11 12 13 14 10 11 12 13 14 3,846,524 4,315,079 3,789,021 3,058,389 3,284,782 6,732,878 6,273,631 5,261,137 3,678,225 3,887,086 10 11 12 13 14 10 11 12 13 14 1,797 1,899 2,796 2,181 3,478 2,235 5,206 3,538 6,658 4,458 1,082,025 51,729 724,487 338,143 1,495,849 659,741 2,073,990 971,265 2,538,128 805,527 10 11 12 13 14 10 11 12 13 14

6

7 The Dreyfuss Group Limited 31.8 10% 34.95.65 1.322.94 3% 2% 5,000 10% 7.5%

8 (ESG)

9

10

11 54% 53% 23% 31% 19% 13%

12 (1) 91% 1,051,541,000 904,479,000 147,062,00016% 91%341,632,000 271,733,000 69,899,00026% 1,911 2,348 2,681 65,513,000 135,000,0007.2%12.8% 60% 18 25 170,00040,00040,000,000 6,325,000 4A

13 67 500 500500 822,457,000764,951,000 57,506,0008% 131,038,000199,336,000 68,298,00034% 1,722 2,095 2,493 59,077,00081,725,000 7.7%9.9% 50045

14 Eterna AG UhrenfabrikEterna Movement AG Eterna Uhren GmbH Kronberg 232235 1941028 90 1815741 83,049,000 53,272,000 87,023,000 183,228,000 57,749,000 Montres Corum Sàrl 90 620

15 328,732,000 351,289,000 169,156,000 61,141,000 124,812,000

16 27,000,000352,141,000The Dreyfuss Group Limited Rotary Dreyfuss &Co.J&T Windmills 454,110 2,973 69% 3,000,000 (DFNI) 252,347,0004,855,000

17 2,150 2,051 10,200 10,751 99 3,000 (1,114) 13,200 9,611 4,114 (2) 100,523,000 127,245,00051% 15,859,000 220 25 805,527,000 971,265,000 8,672,0009,194,000

18 51% 51% 15,000 10,683 4,317 2,202 0 2,202 1 26,000 5,464 20,536 10,473 0 10,473 33,800 2,901 30,899 15,758 0 15,758 2 51% 12,500 1 0 1,000 1 (226) 1,226 625 625 0 195,000 121,730 15,600 3,701 11,899 6,068 6,068 0 253,000 163,290 20,200 5,270 14,930 7,614 0 7,614

19 1. 2. (3) OEM 78% 75,286,000 83,632,000 8,268,000 8,043,00097%3% 50% 25%OEM 30 OEM 25%13,333,000 12,134,000

20 35,000 53,997 0 38,000 48,535 0 43,000 51,969 0 (4) 55,000,000 163,542,000 30,389,058 308,122,000 (5) 17,888,000 16,957,000 (1) 878,253,000 471,621,000824,677,000 597,790,000 764,914,0003,846,524,000 4,315,079,00041% 14% 349,195,00042% (2) 109,760,000 22,800,000132,104,000264,664,000 373,586,000 (3) 169,024,000

21 (1) 1,690,642,0001,478,839,000 14% 756,730,000 72% 561,879,000 68% (2) 926,387,000724,581,000 28% 268,750,000298,151,000144,216,000 (3) 698,077,000542,743,000 29% 82,693,00076,696,000126,418,00088,382,000 (4) 65,055,00036,554,000 78% (5) 132,005,000565,434,000 77% 341,632,000 131,038,000 (6) 2,065,394,000 1,987,473,000 4% 394,115,000587,173,000257,464,000314,660,000

22 4,800 250

23

24 Carefirst Bluecross Blueshield

25

26 Newport University

27 Baring Capital (China) Management LimitedING Bank

28 TEGUH Halim Teguh Halim Halim Halim

29 5,3218.72

30 16 (OHSAS) 18001

31 100 170 50

32 ISO14001

33 E.1.2 E.1.2

34 12 11 10 9 8 7 6 5 4 3 (1) 31-40 (3) (11) 41-50 (3) 51-60 (4) (4) (8) 11-15 (5) 6-10 (3) 0-5 (4) (7) (5) (2) (5) (3) 2 1 61-70 (2) (2) 0 23 27

35 (i) (ii) (iii) 3.13 3.13

36 6/6 0/1 6/6 1/1 4/6 0/1 6/6 1/1 6/6 1/1 6/6 1/1 1 1/1 2 6/6 1/1 5/6 1/1 5/6 1/1 3 1. 2. 3. 99 116

37

38 3.21 2/2 100% 2/2 100% 2/2 100% 1 1

39 1/1 100% 1/1 100% 1/1 100% 1/1 100% 1/1 100% 2 2

40 27 28 2,380,000 2,100,000 600,000 560,000 2,980,000 2,660,000

41 (a) (b) (c) (d) 72

42 China Haidian Holdings LimitedCitychamp Watch & Jewellery Group Limited (www.irasia.com/listco/hk/citychamp) 1 19 1902 04

43 22 54 152 153154 18 19 155 40

44 340,300,000 0.75 255,225,000 42 829,607,000 3% 13% 2% 5%

45 116 A.4.3 99 3.13 2328

46

47 352 XV 1 3,041,187,515 68.98% 3,500,000 0.08% 2 1,374,000 0.03% 8,000,000 0.18% 5,000,000 0.11% 3,500,000 0.08% 2,500,000 0.06% 1,750,000 0.04% 5,000,000 0.11% 1. 3,041,187,515 1,750,000,0001,291,187,515 2. 1,374,000

48 0.03% 20% 29.29% 80% 100% 39.69% 0.08% 3,500,000 0.325 0.325 0.325 0.325 0.325 0.325 0.325 0.325 0.325

49 1 2 9% 2 9% 1. 91% 9% XV 2. 68.5% 31.5% 31.5% 352 336 5% 1,291,187,515 29.29% 1,750,000,000 39.69% 3,046,061,515 69.09% 3,046,061,515 69.09% 249,546,000 5.66%

50 3,046,061,5151,291,187,5151,750,000,000 3,500,0001,374,000 0.03% 20% 29.29% 80% 100% 39.69% 0.08% 336 Starlex LimitedStarlex Starlex 55,000,000 68.5% 31.5% Starlex 55,000,000 302,100,000

51 41 3,500,000 3,500,000 3,500,000 3,500,000 6,925,000 (2,625,000) 4,300,000 6,285,000 (200,000) 6,085,000 16,710,000 (2,825,000) 13,885,000 25% 33 42

52 3.21

53 54 152 P05440

54 7 3,488,553 3,176,423 (1,797,911) (1,697,584) 1,690,642 1,478,839 8 150,825 74,945 (926,387) (724,581) (698,077) (542,743) 29 45,734 (11,450) 35 54,511 36 18,615 12,093 19 3,078 8,185 24(a) 30,965 163,542 456,023 12.2 15,859 21 (49,395) 25 (133,166) 23 13,333 12,134 9 (65,055) (36,554) 10 284,059 757,856 11 (121,027) (157,246) 163,032 600,610 (5,955) 1,785 (2,021) 32,719 12.2 (2,015) 23 (16) 24(a) (163,542) (456,023) 24(a) (11,533) 94,418 (179,127) (328,886) (185,082) (327,101) (22,050) 273,509

55 13 132,005 565,434 31,027 35,176 163,032 600,610 (55,528) 233,899 33,478 39,610 (22,050) 273,509 15 2.94 12.50 2.93 12.47

56 18 576,661 553,193 19 112,175 109,097 20 37,800 38,921 21 741,636 670,777 23 56,020 70,203 24 308,204 699,408 25 229,924 278,263 26 23,992 26,771 39 10,223 1,344 2,096,635 2,447,977 27 2,065,394 1,987,473 28 792,839 633,269 20 1,028 935 26 473,745 250,782 2,538 29 271,552 214,302 36 1,653 30 149,241 55,696 31 878,253 471,621 4,636,243 3,614,078 12.1 211,576 4,636,243 3,825,654 32 358,839 400,456 33 507,023 368,546 1,492 453 67,672 60,373 34 349,195 231,011 35 10,669 36 26,479 49,450 37 92,545 37 13,961 12,821 1,335,330 1,215,655 12.1 55,523 1,335,330 1,271,178 3,300,913 2,554,476 5,397,548 5,002,453

57 33 55,406 48,937 34 475,482 366,779 38 764,914 39 26,816 24,693 1,322,618 440,409 4,074,930 4,562,044 40 440,893 472,840 42 3,405,631 3,842,239 3,846,524 4,315,079 228,406 246,965 4,074,930 4,562,044

58 18 2,891 1,681 22 1,437,907 2,017,248 1,440,798 2,018,929 26 9,849 22,778 29 75,165 47,935 31 462,980 95,372 547,994 166,085 33 123,425 14,613 1,492 453 34 108,618 16,000 37 85,000 37 1,140 234,675 116,066 313,319 50,019 1,754,117 2,068,948 33 977 34 457,842 273,408 458,819 273,408 1,295,298 1,795,540 40 440,893 472,840 42 854,405 1,322,700 1,295,298 1,795,540

59 284,059 757,856 8 (28,966) (19,937) 9 65,055 36,554 24(a) (30,965) (163,542) (456,023) 8 (17,731) (2,114) 19 (3,078) (8,185) 10 103,824 65,879 10 1,028 1,015 10 14,037 17,297 10 2,001 (13,333) (12,134) 35 (54,511) 36 (18,615) (12,093) 10 (1,067) 317 10 (321) 10 (17,808) 10 16,807 27,630 10 61,145 2,380 (15,859) 49,395 133,166 395,686 367,477 34,155 (132,723) (125,466) (171,329) (76,287) 31,896 (46,581) (107,373) (71,198) (6,547) (24,534) (70,111) 85,775 (88,710) 28,966 19,937 (51,394) (36,554) (132,416) (140,272) (69,069) (245,599) 30,965 24(a) 379,671 804,189 8 17,731 2,114 (125,652) (178,241) (1,367) (3,732) (6,109) 47 (282,540) 28,819 12.2 63,888 2,899 675 (93,545) (24,462) (45,024) 660,327

60 (157,682) (81,800) (28,037) (13,863) 735,804 386,204 (553,089) (618,314) (153,135) 919 1,097 38 762,913 54,120 (92,545) 92,545 1,140 12,662 516,288 (167,349) 402,195 247,379 478,713 217,840 (2,655) 13,494 878,253 478,713 878,253 471,621 12.1 7,092 878,253 478,713

61 * * * * * * * * # * 426,806 798,647 3,046 22,692 (15,300) 26,268 63,258 725,385 18,049 1,720,170 3,789,021 167,098 3,956,119 45,696 253,570 (8,204) 291,062 291,062 338 759 1,097 1,097 512 (512) 54,120 54,120 (13,863) (13,863) 46,034 254,841 (512) (8,204) 292,159 40,257 332,416 565,434 565,434 35,176 600,610 1,785 1,785 1,785 28,285 28,285 4,434 32,719 (456,023) (456,023) (456,023) 94,418 94,418 94,418 28,285 (361,605) 567,219 233,899 39,610 273,509 472,840 1,053,488 2,534 22,692 (15,300) 26,268 91,543 363,780 9,845 2,287,389 4,315,079 246,965 4,562,044 1,800 8,045 (9,845) (34,030) (221,195) (255,225) (255,225) 283 636 919 919 428 (428) (24,000) (24,000) (158,721) (158,721) (158,721) (28,037) (28,037) (31,947) (212,086) (428) (9,845) (158,721) (413,027) (52,037) (465,064) 132,005 132,005 31,027 163,032 (5,955) (5,955) (5,955) (4,472) (4,472) 2,451 (2,021) (2,015) (2,015) (2,015) (16) 16 (16) (163,542) (163,542) (163,542) (11,533) (11,533) (11,533) (6,503) (175,075) 126,050 (55,528) 33,478 (22,050) 440,893 841,402 2,106 22,692 (15,300) 26,268 85,040 188,705 2,254,718 3,846,524 228,406 4,074,930 * 3,405,631,0003,842,239,000 # 18,000,000

62 1. P.O. Box 309, Ugland House, South Church Street, Grand Cayman, Cayman Islands1 19 1902 04 China Haidian Holdings Limited Citychamp Watch & Jewellery Group Limited 12 47(a) 51% The Dreyfuss Group Limited 2. (a) 32 10 12 27 39 21

63 2. (a) 32 32 101227 10 39 21 21 21

64 2. (b) 2 1 3 1 3 16 3 38 19 1 27 3 9 5 10 3 28 15 4 1 2 3 4 5 1638 16 38 19 27

65 2. (b) 9 9 9 39 939 9 39 1028 15 15 18 11 15

66 2. (b) 15 15 (c) 6229 3. 622 3.1 3.2 4 2(a) 5 3.3

67 4. 4.1 12 3 (i) (ii)

68 4. 4.1 4.2 4.3 4.5

69 4. 4.4 4.5 4.5

70 4. 4.5 34 4.6 (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i)

71 4. 4.6 (i) (ii) (iii) 4.7 20 40 5 6% 20% 6% 50% 9% 25%

72 4. 4.8 4.9 (i) (ii)

73 4. 4.9 (iii) 4.10 (i) 10 10 10 (ii) (iii) 4.5

74 4. 4.11 (i) 4.19

75 4. 4.11 (ii) (iii) (iv) 4.13

76 4. 4.11 (i) (ii)

77 4. 4.12 4.22 4.13 (i) (ii) (iii) 4.13

78 4. 4.14 4.15 4.16 4.17 4.18

79 4. 4.18 40 a. b. a. b. i. ii.

80 4. 4.19 4.20

81 4. 4.20 4.21

82 4. 4.22 4.23 4.24 (a) (b)(c)

83 4. 4.24 8 4.25

84 4. 4.26 5.

85 5. 4.5 21

86 5. 19

87 5. 4.10 4.10

88 5. 19 24 29 36 35 36 6. (a) (b) (c)

89 6. 3,460,865 17,888 9,800 3,488,553 104,463 4,308 108,771 3,565,328 22,196 9,800 3,597,324 198,422 5,492 (2,535) 201,379 (29,140) 172,239 163,542 13,333 (65,055) 284,059 (121,027) 163,032 4,262,959 209,882 34,879 4,507,720 741,636 56,020 308,204 271,552 1,653 149,241 696,852 6,732,878 783,383 43,269 826,652 824,677 764,914 13,961 10,669 26,479 190,596 2,657,948 19,827 126 19,953 61,145 61,145 16,807 16,807 112,912 4,937 1 117,850 127,019 127,019 3,078 3,078 15,859 15,859 49,395 49,395 133,166 133,166 54,511 54,511

90 6. 3,152,966 16,957 6,500 3,176,423 59,630 4,239 1,000 64,869 3,212,596 21,196 7,500 3,241,292 392,288 9,983 (1,618) 400,653 (74,400) 326,253 456,023 12,134 (36,554) 757,856 (157,246) 600,610 3,893,191 166,317 46,061 4,105,569 670,777 70,203 699,408 214,302 55,696 211,576 246,100 6,273,631 771,594 42,289 813,883 597,790 92,545 12,821 49,450 55,523 89,575 1,711,587 11,752 229 11,981 2,380 2,380 27,630 27,630 77,957 5,076 1 83,034 219,070 219,070 8,185 8,185

91 6. 48,627 44,495 83,477 101,515 2,809,125 2,747,379 1,158,518 1,140,972 60,192 45,763 272,248 501,550 11,423 35,491 887 679 252,475 260,686 40,218 32,441 266,493 270,854 2,392 2,509 3,488,553 3,176,423 1,778,208 1,747,225 7. 3,470,665 3,159,466 17,888 16,957 3,488,553 3,176,423

92 8. 28,966 19,937 17,731 2,114 38,378 3,425 3,917 2,026 346 346 22,524 23,832 24,420 10,291 14,543 12,974 150,825 74,945 9. 13,661 51,290 36,554 104 65,055 36,554 10. 1,797,911 1,697,584 (17,808) 16,807 27,630 a 103,824 65,879 b 1,028 1,015 b 14,037 17,297 2,001 50,128 40,920 2,380 2,100 (17,888) (16,957) 3,498 3,033 (14,390) (13,924) 41,276 18,880 (1,067) 317 61,145 2,380 (321) b 74,449 73,166 (a) (b) 21,278,00011,021,00037,774,00024,637,000 44,772,00030,221,000

93 11. 15% 25% 15% 25% 10% 146,064 158,816 270 99 4,271 (728) (1,669) 39 (28,850) 121,027 157,246 284,059 757,856 74,595 89,949 (19,932) (5,348) 25,411 20,629 (728) (1,669) (144) (470) 41,825 54,155 121,027 157,246

94 12. 51% 5 12.1 18 3,229 25 7,824 163,213 21,796 8,422 7,092 211,576 31,252 23,610 661 55,523 4,377,000

95 12. 12.2 2,459 7,360 163,418 43,722 5,603 6,311 (31,953) (5,265) (42,748) (94,067) 54,840 (24,000) 30,840 (2,015) 28,825 60,759 21,802 111,386 (127,245) (15,859) 127,245 (57,046) (6,311) 63,888 70,199,000 57,046,000

96 13. 132,005,000565,434,000 113,022,000118,927,000 14. 3.6 158,721 15. 132,005 565,434 4,491,328 4,522,925 10,595 11,045 4,501,923 4,533,970

97 16. 16.1 674,101 598,411 56,274 47,203 730,375 645,614 16.2 53,398 44,587 Eterna AG UhrenfabrikMontres Corum Sàrl Institute of Actuaries Martin Schnider Institute of Actuaries Nicolas Colozier (a) 310,229 349,767 (256,831) (305,180) 53,398 44,587

98 16. 16.2 (b) 349,767 153,420 193,006 24,049 31,655 5,571 6,403 (22,206) 21,438 2,160 (56,036) (29,722) (34,560) 15,051 310,229 349,767 (c) 305,180 141,361 144,886 2,035 6,319 5,402 1,472 10,081 2,473 11,151 15,560 8,031 10,270 (56,036) (29,722) (29,013) 12,561 256,831 305,180

99 16. 16.2 (d) 24,049 31,655 (22,206) 3,536 84 27,585 9,533 5,402 1,472 (11,357) 313 (5,955) 1,785 27,585,0009,533,000 (e) 56,221 63,801 96,659 145,074 75,962 68,548 1,027 1,768 6,366 5,827 7,519 13,077 20,162 256,831 305,180

100 16. 16.2 (f) 0.85% 1% 2% 2.15% 0.5% 1.5% 1% 1.15% (g) 5032,613,00028,351,000 37,797,00031,574,000 504,290,0005,135,000 4,925,0004,083,000

101 17. 17.1 1,690 17 1,707 8,776 72 8,848 1,690 17 1,707 1,430 17 1,447 1,456 17 1,473 1,430 17 1,447 a 488 7 495 b 119 119 200 200 150 150 150 150 b 15 15 515 17,079 164 17,758 1,690 15 1,705 7,568 72 7,640 1,690 15 1,705 1,430 15 1,445 1,456 15 1,471 1,430 15 1,445 200 200 150 150 150 150 500 15,264 147 15,911

102 17. 17.1 (a) (b) 17.2 17.1 11,660 12,431 1,045 1,075 12,705 13,506 2,500,0013,000,000 3 1 3,000,0013,500,000 0 1 3,500,0014,000,000 0 1 4,000,0014,500,000 1 0 4,500,0015,000,000 0 1 4 4 17.3 17.1 1,000,000 2 1 1,000,0011,500,000 2 2 4,000,0014,500,000 1 0 4,500,0015,000,000 0 1 5 4

103 18. 176,167 32,447 88,895 84,040 48,027 9,337 438,913 (20,741) (13,352) (22,574) (37,480) (23,986) (118,133) 155,426 19,095 66,321 46,560 24,041 9,337 320,780 155,426 19,095 66,321 46,560 24,041 9,337 320,780 18,277 14,606 43,770 87,322 4,331 9,935 178,241 47(b) 94,064 552 6,088 6,664 228 107,596 12.1 (2,073) (93) (1,063) (3,229) (8,726) (8,443) (15,740) (26,364) (6,606) (65,879) (136) (542) (55) (259) (992) 8,448 496 2,868 3,622 407 835 16,676 267,489 24,097 102,765 117,656 21,079 20,107 553,193 297,530 45,567 141,208 182,306 49,976 20,107 736,694 (30,041) (21,470) (38,443) (64,650) (28,897) (183,501) 267,489 24,097 102,765 117,656 21,079 20,107 553,193 267,489 24,097 102,765 117,656 21,079 20,107 553,193 6,120 7,157 33,337 52,675 6,576 19,787 125,652 47(a) 1,412 29,110 30,522 (9,947) (11,074) (19,512) (57,022) (6,269) (103,824) (261) (525) (724) (322) (1,832) (12,055) (323) (4,807) (7,133) (224) (2,508) (27,050) 251,607 21,008 111,258 134,562 20,840 37,386 576,661 291,121 52,824 166,377 227,756 54,347 37,386 829,811 (39,514) (31,816) (55,119) (93,194) (33,507) (253,150) 251,607 21,008 111,258 134,562 20,840 37,386 576,661

104 18. 1,615 1,936 10,048 13,599 (1,456) (1,561) (8,211) (11,228) 159 375 1,837 2,371 159 375 1,837 2,371 81 157 238 (135) (163) (630) (928) 105 369 1,207 1,681 1,696 2,093 10,048 13,837 (1,591) (1,724) (8,841) (12,156) 105 369 1,207 1,681 105 369 1,207 1,681 83 1,984 2,067 (34) (136) (687) (857) 71 316 2,504 2,891 1,696 2,176 11,735 15,607 (1,625) (1,860) (9,231) (12,716) 71 316 2,504 2,891

105 18. (a) 515 553 250,639 266,468 453 468 251,607 267,489 132,104,000144,552,000 34(a) (b) 597,000643,000 (c) 1,591,000 19. 109,097 100,912 3,078 8,185 112,175 109,097

106 19. 22,800 22,200 89,375 86,897 112,175 109,097 112,175,000109,097,000 42,780,00041,100,000 22,800,00022,200,000 34(a) 109,097 100,912 3,078 8,185 112,175 109,097 3,078 8,185

107 19. 2.57 2.5% 7% 683 582 14,06013,680 20. 39,856 40,191 (1,028) (1,015) 680 38,828 39,856 (1,028) (935) 37,800 38,921

108 21. 670,777 621,382 670,777 621,382 670,777 621,382 47 120,254 49,395 (49,395) 741,636 670,777 791,031 670,777 (49,395) 741,636 670,777 621,382 621,382 49,395 49,395 120,254 791,031 670,777

109 21. 3%17.55% 19.06% 3%17.32% 3%19.56% 15.04% 158,611,000 49,395,000 15,300,00015,300,000

110 22. 794,060 793,194 222,095 189,951 846,688 1,337,806 1,862,843 2,320,951 (361,452) (303,703) (63,484) 1,437,907 2,017,248 2 100 2 100 Haidian-Creation International Limited 1 100 100 a 36,000,000 100 b 1,000,000 100 c 45,525,860 100

111 22. b 500,000 100 1 100 10,000 100 d 100,000,000 91 b 10,000,000 100 b 23,000,000 100 b 1,000,000 91 Swiss Chronometric AG 2,000,000 100 Eterna AG Uhrenfabrik 6,000,000 100 Eterna Uhren GmbH, Kronberg 205,000 100 Eterna Movement AG 1,000,000 100 d 15,000,000 51 d 25,500,000 51

112 22. b 100,000,000 78 5,000,000 70 a 4,550,000 70 b 1,000,000 70 d 30,000,000 51 d 15,000,000 51 b 100,000,000 51 10,000 51 b 1,000,000 51 b 500,000 51 b 1,000,000 51 Montres Corum Sàrl 3,000,000 100 Montres Corum (UK) Ltd. 3,383,424 100 Corum Italia SRL 10,400 100

113 22. Montres Corum Europe SA 100,000 100 Servicio de Importacion SA 739,000 100 Corum Deutschland GmbH 200,000 100 1,000 100 The Dreyfuss Group Limited 221,541 100 Rotary Overseas Limited 1,000,000 100 Artemis Watch Company Limited 100 100 Rotary Watches LLC 10 100 Dreyfuss & Co SA 100,000 100 Fabrique de Moritres Rotary S.A 1,000,000 100 Citychamp Watch and Jewellery SwissCo AG 100,000 100 (a) (b) (c) (d)

114 23. 70,203 58,065 13,317 12,134 (27,500) 4 56,020 70,203 600,000 25% 25% 862,878 735,168 34,633 22,348 824,487 628,550 531 784 72,493 128,182 (1,043) 71,540 128,182 25% 25% 17,863 32,046 37,987 37,987 55,850 70,033 70,333 48,506 526,462 354,158 531 784

115 23. 1,109,062 904,089 51,969 48,535 (66) 243 51,903 48,778 53,333 48,535 53,267 48,778 27,500 3,165 3,290 8,188 4,951 9,170 4,574 16,802 10,862 24. a 308,122 699,326 b 82 82 308,204 699,408 (a) 102.1210 6 30,965,000

116 24. (a) A 30,389,058 85,389,058 2.55% 7.18% 11,533,00094,418,000 302,104,000379,671,000 55,000,000 163,542,000 637,100,000804,189,000 88,600,000 456,023,000 (b)

117 25. 92,858 37,488 30,541 160,887 (11,759) (79) (11,838) 81,099 37,409 30,541 149,049 81,099 37,409 30,541 149,049 39,520 1,548 41,068 47(b) 2,384 107,735 110,119 12.1 (7,824) (7,824) (13,303) (80) (3,914) (17,297) 787 1,650 711 3,148 102,663 146,714 28,886 278,263 123,195 146,855 32,959 303,009 (20,532) (141) (4,073) (24,746) 102,663 146,714 28,886 278,263 102,663 146,714 28,886 278,263 1,367 1,367 47(a) 124,720 124,720 (2,024) (104,833) (26,309) (133,166) (13,675) (80) (282) (14,037) (198) (24,060) (2,965) (27,223) 86,766 142,461 697 229,924 122,670 247,518 30,933 401,121 (35,904) (105,057) (30,236) (171,197) 86,766 142,461 697 229,924

118 25. 98,441,000109,365,000 5,055,0006,065,000 75,417,000 21 33,034,00036,700,000 24,715,00027,458,000 57,749,000 26. 218,051 193,335 5,232 19,846 27,500 12.2 57,046 190,368 81,068 18 91 4,772 3,150 4,599 2,841 497,737 277,553 9,849 22,778 (473,745) (250,782) (9,849) (22,778) 23,992 26,771 27. 312,300 234,633 276,705 295,415 1,476,389 1,457,425 2,065,394 1,987,473

119 28. 854,833 635,746 (61,994) (2,477) 792,839 633,269 2,477 (321) 61,145 2,380 (1,307) 97 61,994 2,477 109,760,000206,834,000 34 1 3 612,274 471,195 4 6 110,593 84,981 6 69,972 77,093 792,839 633,269

120 28. 250,157 216,573 3 417,471 261,324 36 74,297 80,637 6 50,914 74,735 542,682 416,696 792,839 633,269 29. 271,552 214,302 75,165 47,935 45,734,00011,450,000

121 30. 73,417,0003,797,000 75,824,00051,899,000 4.4% 6%3.8% 6% 31. 195,577,000328,986,000 32. 1 3 316,213 385,583 4 6 22,046 13,193 6 20,580 1,680 358,839 400,456 33. 103,393 108,968 11,412 3,712 102,090 102,090 350,130 308,515 10,900 10,901 6,816 562,429 417,483 124,402 14,613 (507,023) (368,546) (123,425) (14,613) 55,406 48,937 977

122 33. 26,312,000 204,400,000 13,156,000 102,090,000 34. a 772,750 597,790 566,460 289,408 b 50,387 c 1,540 824,677 597,790 566,460 289,408 (349,195) (231,011) (108,618) (16,000) 475,482 366,779 457,842 273,408 (a) 292,698 223,361 108,618 16,000 304,879 77,338 302,699 157,533 279,846 155,143 273,408 17,640 17,245 480,052 374,429 457,842 273,408 772,750 597,790 566,460 289,408 2.187.34 1.82% 7.34%

123 34. (a) (i) (ii) 45.1(v) (iii) 132,104,000144,552,00022,800,000 22,200,000 18(a)19 (iv) 109,760,000206,834,00028 (v) 27,600,000 (b) 6.3% (c) 1,613 (73) 1,540 1,540 (1,540)

124 35. 10,669 47(a) 47(a) (iv)5,000,00065,180,000885,000 10,669,000 54,511,000 49 36. a 1,653 b (25,544) (40,242) b (935) (9,208) (26,479) (49,450)

125 36. (a) 1,000,000 11.600860 500,000 11.704465 400,000 11.702062 300,000 11.700854 2,500,000 110.276010 2,500,000 110.277476 2,500,000 110.277234 2,500,000 110.414862 200,000 11.535000 500,000 11.517226 300,000 11.533500 300,000 11.531800 200,000 11.530500 300,000 11.530000 1,753,000 (b) 1 56,000,000 38,000,00018,000,000 1 39 16,862,00012,093,000 37.

126 38. 764,914 100,000,000 3.625% 97,295,000762,913,000 3060100% 39. 1,311 (7,655) (208) 7,863 1,311 47(b) (20,681) (18,574) (5,289) 44,544 (23,304) (23,304) 12,160 (12,160) 33 (903) (208) (6) 1,117 (1,389) (1,356) 1,344 (9,424) (26,437) (5,503) 41,364 (24,693) (23,349) 47(a) (3,269) (28,723) 5,666 2,100 (24,226) (1,344) 12,379 25,739 (32,733) 23,745 1,064 28,850 314 2,879 550 (2,061) 674 (224) 2,132 (26,542) (4,953) 12,236 (274) 2,940 (16,593)

127 39. 10,223 1,344 (26,816) (24,693) (16,593) (23,349) 237,859,000213,499,000 42,556,00016,739,000 37,396,000 7,283,000 1,442,007,000 1,296,333,000 4,953,000 41,364,000 1,395,929,000 1,120,636,000

128 40. 0.10 6,000,000 600,000 6,000,000 600,000 4,728,399 472,840 4,268,064 426,806 a 18,000 1,800 456,960 45,696 b (340,300) (34,030) c 2,825 283 3,375 338 4,408,924 440,893 4,728,399 472,840 (a) 56,000,000 38,000,00018,000,000 36(b)8,045,000 37,335,00015,000,000404,625,000 36(b) 36(b)47(b)12,185,000 6,704,000234,681,000 (b) Severin Participations GmbHMichael WundermanSeverin Wunderman Family Trust 340,300,0000.75 255,225,000 340,300,000 (c) 2,825,0003,375,000 919,0001,097,000636,000759,000 283,000338,000 41

129 41. (i) (ii) (iii) 30% 30% 1% 1% 1% 0.1% 5,000,000 (i)(ii) (iii)

130 41. 30% 35% 35% 0.325 16,710 0.325 20,085 0.325 (2,825) 0.325 (3,375) 0.325 13,885 0.325 16,710 0.325 13,885 0.325 16,710 0.325

131 41. 45 0.950.76 3,500,000 3,500,000 6,925,000 (2,625,000) 4,300,000 6,285,000 (200,000) 6,085,000 16,710,000 (2,825,000) 13,885,000 1,400,000 (1,400,000) 3,500,000 3,500,000 4,900,000 (1,400,000) 3,500,000 7,300,000 (375,000) 6,925,000 7,885,000 (1,600,000) 6,285,000 20,085,000 (3,375,000) 16,710,000

132 42. 21 798,647 3,046 22,692 18,049 133,246 975,680 253,570 (8,204) 245,366 759 759 512 (512) 100,895 100,895 1,053,488 2,534 22,692 9,845 234,141 1,322,700 8,045 (9,845) (1,800) (221,195) (221,195) 636 636 428 (428) (158,721) (158,721) (87,215) (87,215) 841,402 2,106 22,692 (11,795) 854,405 223

133 43. 43.1 14,995 9,682 48,957 32,326 36,748 29,622 100,700 71,630 43.2 21,829 19,016 15,251 9,741 37,889 33,983 22,290 9,741 2,526 59,718 55,525 37,541 19,482 43.3 20% 531,000531,000 44. 169,024

134 45. 45.1 (i) a 120 120 b 346 346 (a) 10,00010,000 (b) 29,000 29,000 (ii) 518 45,000,0005 (iii) a 38,517 b 285 1,441 (a) 38,517,000 (b) 1,441,0001,441,000

135 45. 45.1 (iv) 55,000,00052,000,000 302,104,000379,671,000 392,600,000 495,587,000 (v) 35,000,000 300,000,000 372,000,000 4,500,000 14,000,000 21,000,000 1,140,000 6,357,000 45.2 17,594 15,764 164 147 17,758 15,911 17.1 46. 37,335,000 36(b) 404,625,000Montres Corum Sàrl 47(b) 47. (a)

136 47. (a) 286,961 65,180 352,141 (231,887) 120,254 27,000,000 352,141,000 16,000,000 208,745,000 6,000,000 78,216,0005,000,000 65,180,000 (i) 2,150,000 28,036,000 (ii) 10,200,000 133,008,000 (iii) 900,000 11,736,000 6,000,000 78,216,000(i) (ii) (iii) (iv) 3,000,000 39,120,000 (v) 13,200,000 172,128,000

137 47. (a) 5,000,00065,180,000(iv) (v) (iv) (v) 120,254,000 18 30,522 30,522 25 124,720 1,181 39 7,766 7,766 109,896 95,835 77,454 77,454 37,014 37,014 3,103 3,103 (34,554) (34,554) (41,611) (41,611) (3,483) (3,483) (46,948) (46,948) 39 (31,992) 126,279 231,887 3,103 (285,643) (282,540)

138 47. (a) 16,000,000 208,745,000 5,901,000 76,898,0000 252,347,0004,855,000 3,551,565,000148,885,000 (b) 275,145 (33,188) 241,957 (192,562) 49,395 404,625,000 0.68 33,188,000 49,395,000

139 47. (b) 18 107,596 84,608 25 110,119 29,362 457,936 368,018 138,680 138,680 26,222 26,222 28,819 28,819 (131,249) (131,249) (94,858) (94,858) (17,106) (17,106) (48,120) (48,120) 39 (23,304) (23,304) (449,305) (449,305) 105,430 (88,233) 87,132 192,562 28,819 351,289,000 61,141,000 3,384,802,000502,813,000

140 48. 120,000,000 120,000,000 212,200,000169,375,000 49. 49.1

141 49. 49.1 308,204 699,408 271,552 214,302 1,653 792,839 633,269 307,369 196,485 149,241 55,696 878,253 471,621 2,127,702 1,357,071 2,709,111 2,270,781 75,165 47,935 9,831 22,687 462,980 95,372 472,811 118,059 547,976 165,994

142 49. 49.1 10,669 26,479 49,450 358,839 400,456 562,429 417,483 1,492 453 764,914 824,677 597,790 92,545 13,961 12,821 2,526,312 1,521,548 2,563,460 1,570,998 124,402 14,613 1,492 453 566,460 289,408 85,000 1,140 693,494 389,474

143 49. 49.2 50 212,000500,000 50 517,000970,000 50 49.3

144 49. 49.3 308,122 308,122 4,224 4,224 708 143 802 1,653 208 392,016 46,316 438,540 (102,090) (24,711) (126,801) (10,669) (10,669) (434,417) (132,042) (566,459) (535,799) (131,834) 392,159 (10,669) 334,753 48,610 699,326 699,326 495 495 98,350 98,350 (27,343) (27,343) (273,408) (273,408) (273,408) 770,828 497,420

145 49. 49.3 +5% (6,592) +5% (13,670) -5% 6,592-5% 13,670 +5% 19,615 +5% -5% (19,615) -5% +5% (533) +5% -5% 533-5% +5% 1,289 15,406 +5% 3,575 34,966-5% (1,289) (15,406) -5% (3,575) (34,966) 49.4

146 49. 49.4 120,000,000 120,000,000 212,200,000169,375,000 49.5 360 30 1 1 358,839 358,839 358,839 562,429 562,429 507,023 55,406 1,492 1,492 1,492 824,677 865,922 367,986 497,936 764,914 892,001 27,728 864,273 13,961 13,961 13,961 2,526,312 2,761,187 1,413,580 1,347,607 120,000 120,000

147 49. 49.5 1 1 400,456 400,456 400,456 417,483 417,483 368,546 48,937 453 453 453 597,790 625,335 245,898 379,437 92,545 92,545 92,545 12,821 12,821 12,821 1,521,548 1,549,093 1,120,719 428,374 120,000 120,000 1 1 124,402 124,402 123,425 977 1,492 1,492 1,492 566,460 613,977 140,396 473,581 1,140 1,140 1,140 693,494 741,011 266,453 474,558 212,200 212,200

148 49. 49.5 1 1 14,613 14,613 14,613 453 453 453 289,408 302,954 21,799 281,155 85,000 85,000 85,000 389,474 403,020 121,865 281,155 169,375 169,375 1 1 2 2 115,368 131,638 126,887 2,306 2,445 26,430 27,650 19,592 3,003 5,055 1 1 2 2 108,618 111,491 111,491 16,000 16,496 16,496

149 49. 49.6 49.7 30% 30% 81,466 64,291 30% 30% (81,466) (64,291) 30% 30% 92,437 209,798 30% 30% (92,437) (209,798)

150 49. 49.8 308,122 308,122 271,552 271,552 1,653 1,653 579,674 1,653 581,327 10,669 10,669 26,479 26,479 26,479 10,669 37,148

151 49. 49.8 699,326 699,326 214,302 214,302 913,628 913,628 49,450 49,450 47(a) 65,180 (54,511) 10,669

152 50. (i) (ii) (iii) (iv) 4,074,930 4,562,044 824,677 597,790 764,914 92,545 13,961 12,821 1,603,552 703,156 2.54 6.49 51.

153 3,488,553 3,176,423 2,240,304 1,465,276 800,604 (1,797,911) (1,697,584) (1,022,583) (637,042) (307,030) 1,690,642 1,478,839 1,217,721 828,234 493,574 150,825 74,945 29,182 21,027 10,492 (926,387) (724,581) (513,278) (343,908) (205,511) (698,077) (542,743) (351,448) (234,144) (150,211) 45,734 (11,450) 2,056 10,947 6,669 54,511 18,615 12,093 6,187 46,904 3,078 8,185 7,525 5,675 13,004 30,965 17,169 6,551 5,172 163,542 456,023 15,859 (49,395) (133,166) 13,333 12,134 13,499 1,991 6,979 (4,952) 177,711 (65,055) (36,554) (14,894) (4,331) (1,811) 284,059 757,856 413,719 333,994 356,068 (121,027) (157,246) (103,432) (68,240) (82,349) 163,032 600,610 310,287 265,754 273,719 16,036 7,063 163,032 600,610 310,287 281,790 280,782

154 (5,955) 1,785 (2,021) 32,719 16,468 14,570 28,948 (2,015) (16) (17,496) (163,542) (456,023) (11,533) 94,418 601,480 (305,401) (327,623) (185,082) (327,101) 617,948 (308,327) (298,675) (22,050) 273,509 928,235 (26,537) (17,893) 132,005 565,434 270,425 255,874 271,566 31,027 35,176 39,862 25,916 9,216 163,032 600,610 310,287 281,790 280,782 (55,528) 233,899 887,501 (54,105) (27,672) 33,478 39,610 40,734 27,568 9,779 (22,050) 273,509 928,235 (26,537) (17,893) 6,732,878 6,273,631 5,261,137 3,678,225 3,887,086 (2,657,948) (1,711,587) (1,305,018) (543,286) (573,199) (228,406) (246,965) (167,098) (76,550) (29,105) 3,846,524 4,315,079 3,789,021 3,058,389 3,284,782

155 8 21 B 100% 332 100% 100% 459 461 463 13 14 15 100%

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