CHINA HAIDIAN HOLDINGS LIMITED 22 20 ANNUAL REPORT 2013 18 16 14 12 (incorporated in the Cayman Islands with limited liability) Stock Code: 256

03 05 07 09 12 23 27 29 36 45 46 47 49 50 52 53 126 128

3 Eterna AG Uhrenfabrik 500 52.06 50 35.38 404,625,000 Montres Corum Sàrl 100% ARC AWARDS International Academy of Communications Arts and Sciences/Mercomm, Inc. Montres Corum Sàrl 5ONLY WATCH Monaco Association ONLY WATCH 32 500 2013 2013 2013

5 183 22 P.O. Box 309 Ugland House South Church Street Grand Cayman Cayman Islands 1 19 1902 04 http://www.irasia.com/listco/hk/ chinahaidian http://www.chinahaidian.com

7 3,176,423 2,240,304 1,970,319 1,053,040 1,496,723 13 12 11 09 10 600,610 310,287 281,790 369,616 280,782 13 12 11 09 10 6,273,631 5,261,137 3,678,225 3,481,082 3,887,086 13 12 11 09 10 4,315,079 3,789,021 3,058,389 2,941,784 3,284,782 13 12 11 09 10

9 6,273,631,000 1,012,494,000 19%4,562,044,000 605,925,000 15% 14%6% 600,610,000 310,287,000 94%12.50 6.1196%

10

12 3,176,423,000 2,240,304,000936,119,000 42% 1,478,839,000 1,217,721,000261,118,00021% 600,610,000 310,287,000290,323,00094% 19% 1,397,564,000 1,669,430,000 368,314,000 471,069,000 28%

/ 13 (1) 91% 904,479,000 725,910,000 178,569,00025% 298,608,000 91% 271,733,000200,729,000 71,004,00035% 437 2,3481,382 9606

14 29,161,000 65,513,000 4%7.2% 18 25 40,000 6,325,000 500 52 50 500500 Swiss Chronometric AG 764,951,000 671,654,000 93,297,00014% 199,336,000 167,585,000 31,751,00019% 373 2,095 1,361 733 1

/ 15 59,077,000 7.7% Swiss Chronometric Swiss Chronometric 6,687,000 26,252,000 Eterna AG Uhrenfabrik Eterna Movement AG Eterna Movement Eterna Uhren Gmbh, Kronberg 500 Eterna Movement Eterna Movement 5,000 39 235 294 207820

16 31 12 18 7 6 KonTiki (Gstaad) 53,272,000 98,285,000 183,228,000 69,275,000 404,625,000 100%

/ 17 10 90580 351,289,00061,141,000 51,680,000 8,311,000 (2) 280 25

18 (3) OEM 78% 83,632,000 69,492,000 8,043,000 7,172,000 95%5% 25% OEM 50 OEM 51% 971,265,000 659,741,000 9,194,000 25,268,000 25,300,000 51% 15,600,000 5,984,000 3,500,000

/ 19 12,134,000 13,499,000 (4) 30,965,000 1,284,801,000 861,742,0001,277,775,000 830,837,000 58,600,000 30,000,000 456,023,000 85,389,058 699,326,000 (5) 5,953,000 5,515,000 (6) 1,618,000 3,556,000 (1) 471,621,000 228,624,000 597,790,000 478,512,0004,315,079,000 3,789,021,000 14%13% 231,011,00039%

20 (2) 206,834,000 22,200,000 144,552,000373,586,000 69,777,000 (3) (1) 724,581,000 513,278,000 41% 229,352,000226,551,000 65,579,00064,393,000 (4) 1,987,473,000 1,587,657,000 25% 322,581,000 538,154,000 275,317,000 398,576,000 4 (2) 542,743,000351,448,000 54% 69,536,00071,490,000 103,329,00074,542,000 (3) 565,434,000 270,425,000 109% 271,733,000 199,336,00088,600,000 456,023,000

/ 21 3,000 200

23

24 Carefirst Bluecross Blueshield

/ 25 Newport University

26 Baring Capital (China) Management LimitedING Bank TEGUH Halim Teguh HalimHalimOhio State University Halim

27 100 V

28 ONLY WATCH Monaco AssociationRebecca de Alba38Rebecca De Alba Foundation 500,000 ISO14001 (Ringelman Smoke Chart) OHSAS18001

29 E.1.2 E.1.2 2325

30 (i) (ii) 3.13

/ 31 8/9 0/1 9/9 1/1 2/9 0/1 5/9 0/1 7/9 1/1 8/9 0/1 4/9 1/1 4/9 1/1 4/9 1/1

32 3.21

/ 33 2/2 2/2 2/2 1/1 1/1 1/1 1/1 1/1

34 2,100,000 (a) (b) (c) (d)

/ 35 72 www.irasia.com/listco/hk/chinahaidian 1 19 1902 04

36 22 46 125 340,300,000 126127 18 19 128 38 Severin Participations GmbHMichael WundermanSeverin Wunderman Family Trust 340,300,0007.17% 0.75 255,225,000340,300,000 Montres Corum Sàrl

/ 37 40 1,287,629,000 5%27% 1%8% 116 3.13

38 2326

/ 39 352 XV 2,897,193,515 61.27% 4,874,000 0.11% 8,000,000 0.17% 5,000,000 0.11% 3,500,000 0.07% 3,500,000 0.07% 1,750,000,0001,147,193,515 80% 20%

40 0.325 0.325 0.325 0.325 0.325 0.325 3,500,000 0.325 1 2 9% 1. 91% 9% XV 2. 68.5% 31.5% 352

/ 41 336 5% 1,147,193,515 24.26% 1,750,000,000 37.01% (1) 2,902,067,515 61.38% (1) 2,902,067,515 61.38% Richard E. Tomlin Jr (2) 373,687,500 7.90% Severin Participations GmbH 269,937,500 5.71% 249,546,000 5.28% (1) 2,902,067,5152,897,193,515 3,500,0001,374,000 (2) 269,937,500 Severin Participations GmbHSeverin Participations GmbH Severin Investment Company Severin Investment CompanySeverin Wunderman TrustRichard E. Tomlin JrSeverin Wunderman Family FoundationSeverin Wunderman Family Foundation Severin Wunderman Trust 31,125,000 Tomlin Management CompanyTomlin Management Company Richard E. Tomlin Jr 72,625,000Michael WundermanSeverin Wunderman Family TrustRichard E. Tomlin Jr 336

42 Starlex LimitedStarlex Starlex 55,000,00058,000,000 68.5% 31.5% Starlex 52,000,000 392,600,000 120,000,00051% 25%24% 49% 39 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

/ 43 25% E.1.2 3.21

44

45 46 125 P05440

46 7 3,176,423 2,240,304 (1,697,584) (1,022,583) 1,478,839 1,217,721 8 74,945 29,182 (724,581) (513,278) (542,743) (351,448) (11,450) 2,056 35 12,093 6,187 19 8,185 7,525 24(a) 30,965 17,169 24(a) 456,023 12,134 13,499 9 (36,554) (14,894) 10 757,856 413,719 11 (157,246) (103,432) 600,610 310,287 1,785 32,719 16,468 24(a) (456,023) 24(a) 94,418 601,480 (328,886) 617,948 (327,101) 617,948 273,509 928,235 13 565,434 270,425 35,176 39,862 600,610 310,287 233,899 887,501 39,610 40,734 273,509 928,235 15 12.50 6.39 12.47 6.36

47 18 553,193 320,780 19 109,097 100,912 20 38,921 39,357 21 670,777 621,382 23 70,203 58,065 24 699,408 1,409,176 25 278,263 149,049 26 26,771 7,809 37 1,344 1,311 2,447,977 2,707,841 27 1,987,473 1,587,657 28 633,269 347,366 20 935 834 26 250,782 250,652 29 214,302 106,929 30 55,696 31,234 31 471,621 228,624 3,614,078 2,553,296 12 211,576 3,825,654 2,553,296 32 400,456 307,006 33 368,546 352,903 453 82,253 60,373 44,059 34 231,011 478,512 35 49,450 40,126 36 92,545 36 12,821 159 1,215,655 1,305,018 12 55,523 1,271,178 1,305,018 2,554,476 1,248,278 5,002,453 3,956,119 33 48,937 34 366,779 37 24,693 440,409 4,562,044 3,956,119

48 38 472,840 426,806 40 3,842,239 3,362,215 4,315,079 3,789,021 246,965 167,098 4,562,044 3,956,119

49 18 1,681 2,371 22 2,017,248 1,595,673 2,018,929 1,598,044 26 22,778 8,070 29 47,935 52,590 31 95,372 6,382 166,085 67,042 33 14,613 13,563 453 82,253 34 16,000 166,784 36 85,000 116,066 262,600 50,019 (195,558) 2,068,948 1,402,486 34 273,408 1,795,540 1,402,486 38 472,840 426,806 40 1,322,700 975,680 1,795,540 1,402,486

50 757,856 413,719 8 (19,937) (9,222) 9 36,554 14,894 24(a) (30,965) (17,169) (456,023) 8 (2,114) (1,262) 19 (8,185) (7,525) 10 65,879 43,091 10 1,015 739 10 17,297 8,576 (12,134) (13,499) (12,093) (6,187) 10 317 3,028 10 2,380 10 27,630 1,079 367,477 430,262 (132,723) (632,463) (171,329) (103,082) 31,896 (77,644) (107,373) 874 (6,547) 112,558 (70,111) 131,689 (88,710) (137,806) 19,937 9,222 (36,554) (14,894) (140,272) (100,417) (245,599) (243,895) 30,965 17,169 24(a) 804,189 8 2,114 1,262 11,250 (178,241) (134,565) (11,607) (3,732) (46,729) 45 28,819 675 120 (24,462) (31,234) 660,327 (194,334)

/ 51 (81,800) (152,680) (13,863) (23,397) (232,110) 381,557 (2,699) 1,097 16,508 54,120 73,211 92,545 12,662 (167,349) 292,500 247,379 (145,729) 217,840 351,276 13,494 12,293 478,713 217,840 478,713 228,624 (10,784) 478,713 217,840 471,621 217,840 12 7,092 478,713 217,840

52 * * * * * * * * # * 413,975 792,405 10,748 22,692 (15,300) 26,268 47,662 123,905 1,449,745 186,289 3,058,389 76,550 3,134,939 7,752 35,503 43,255 43,255 18,049 18,049 18,049 5,079 11,429 16,508 16,508 7,702 (7,702) 73,211 73,211 (23,397) (23,397) 14.2 (5,711) (186,289) (192,000) (192,000) 14.1 (42,681) (42,681) (42,681) 12,831 6,242 (7,702) 18,049 (186,289) (156,869) 49,814 (107,055) 270,425 270,425 39,862 310,287 15,596 15,596 872 16,468 601,480 601,480 601,480 15,596 601.480 270,425 887,501 40,734 928,235 426,806 798,647 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 * 3,842,239,0003,362,215,000 # 18,000,00033,000,000

53 1. P.O. Box 309, Ugland House, South Church Street, Grand Cayman, Cayman Islands1 19 1902 04 51% 100,523,000127,245,000 5 45Montres Corum Sàrl 2. (a) 1 7 10 12 13 27 28 19

54 2. (a) 1 1 10 10 10 50% 27 4.2 12 12 13 13 7 13 13 13

/ 55 2. (a) 19 19 19 16.2 (b) 36 36 (c) 32 1 9 10 1 12 27 19 2 3 2 1 2 3 32 32

56 2. (c) 9 9 9 39 9 39 101227 10 19 3. 3.1 3.2

/ 57 3. 3.2 2 5 3.3 4. 4.1 12 3

58 4. 4.1 (i) (ii) 4.2 4.3

/ 59 4. 4.3 4.5 4.4 (i) (ii) (ii)(i) 4.5 4.5

60 4. 4.5 34 4.6 (a) (i) (ii) (iii)

/ 61 4. 4.6 (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) (i) (ii) (iii) 4.7

62 4. 4.7 20 40 5 6% 20% 6% 33 1 / 3 % 9% 20% 4.8 4.9

/ 63 4. 4.9 (i) (ii) (iii) 4.10 (i) 10 10 10

64 4. 4.10 (ii) (iii) 4.5 4.11

/ 65 4. 4.11 (i) 4.19 (ii) (iii)

66 4. 4.11 (i) (ii)

/ 67 4. 4.11 (iii) 4.12 4.22 4.13 (i) (ii)

68 4. 4.13 4.14 4.15 4.16 4.17

/ 69 4. 4.18 40 a. b.

70 4. 4.18 a. b. i. ii. 4.19 4.20

/ 71 4. 4.20 4.21

72 4. 4.21 4.22 4.23 4.24 (a) (b)(c)

/ 73 4. 4.24 8 4.25

74 4. 4.26 5. 4.5 21

/ 75 5. 19

76 5. 19 24 29 35 6. (a) (b) (c)

/ 77 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 77,957 5,076 1 83,034 219,070 219,070 8,185 8,185

78 6. 2,225,082 15,222 2,240,304 24,404 2,764 197 27,365 2,249,486 17,986 197 2,267,669 456,935 7,735 (3,555) 461,115 (46,001) 415,114 13,499 (14,894) 413,719 (103,432) 310,287 2,780,269 157,344 52,629 2,990,242 621,382 58,065 1,409,176 106,929 31,234 44,109 5,261,137 640,806 39,676 680,482 478,512 159 40,126 105,739 1,305,018 6,355 2,740 9,095 46,612 4,389 27 51,028 232,876 12,922 245,798 7,525 7,525

/ 79 6. 44,495 10,872 101,515 75,952 2,747,379 2,131,988 1,140,972 1,067,952 45,763 97,444 501,550 153,450 35,491 679 32,441 270,854 2,509 3,176,423 2,240,304 1,747,225 1,297,354 7. 3,159,466 2,225,082 16,957 15,222 3,176,423 2,240,304 8. 19,937 9,222 2,114 1,262 3,425 543 2,026 1,744 346 341 23,832 6,011 10,291 1,331 12,974 8,728 74,945 29,182

80 9. 36,554 14,894 10. 1,697,584 1,022,583 27,630 1,079 a 65,879 43,091 b 1,015 739 b 17,297 8,576 40,920 25,708 2,100 1,900 (16,957) (15,222) 3,033 2,510 (13,924) (12,712) 18,880 1,914 317 3,028 2,380 b 73,166 44,277 (a) (b) 11,021,0009,394,00024,637,0008,849,000 30,221,00024,848,000 11. 16.5% 15% 25% 15% 25% 10% 158,816 103,588 99 101 (1,669) (257) 157,246 103,432

/ 81 11. 757,856 413,719 89,949 61,667 (5,348) (10,557) 20,629 48,915 (1,669) (257) (470) (3,829) 54,155 7,493 157,246 103,432 12. 1 51% 5 3,229 7,824 163,213 21,796 8,422 7,092 211,576 31,252 23,610 661 55,523 4,377,000 13. 565,434,000270,425,000 118,927,00067,705,000

82 14. 14.1 1 42,681 14.2 4.5 192,000 15. 565,434 270,425 4,522,925 4,232,782 11,045 21,691 4,533,970 4,254,473 16. 16.1 598,411 403,065 47,203 24,753 645,614 427,818

/ 83 16. 16.2 44,587 12,059 Eterna AG UhrenfabrikMontres Corum Sàrl Institute of Actuaries Martin Schnider Institute of Actuaries Nicolas Colozier (a) 349,767 153,420 (305,180) (141,361) 44,587 12,059 (b) 153,420 118,765 193,006 31,655 6,194 6,403 2,969 (22,206) 2,160 13,935 (29,722) 7,757 15,051 3,800 349,767 153,420

84 16. 16.2 (c) 141,361 109,354 144,886 6,319 4,375 3,945 116 15,560 2,340 10,270 2,340 11,578 (29,722) 7,757 12,561 3,501 305,180 141,361 (d) 31,655 6,194 6,403 2,969 (22,206) (6,319) (4,375) 9,533 4,788 9,533,0004,788,000

/ 85 16. 16.2 (e) 63,801 23,769 145,074 59,080 68,548 50,490 1,768 5,827 20,162 8,022 305,180 141,361 (f) % % 2 2.15 2 1 1.5 1.5 (g) 5028,351,00031,574,000 505,135,0004,433,000

86 17. 17.1 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 1,690 14 1,704 6,174 72 6,246 1,690 14 1,704 1,430 14 1,444 1,439 14 1,453 * 47 1,096 12 1,155 200 200 150 150 150 150 547 13,519 140 14,206 *

/ 87 17. 17.2 17.1 12,431 1,075 13,506 2,500,0013,000,000 3,000,001 3,500,000 3,500,0014,000,000 4,500,0015,000,000 17.3 17.1 1,000,000 1 1 1,000,0011,500,000 2 3 4,500,0015,000,000 1 4 4

88 18. 88,321 15,608 55,044 54,037 39,747 54,678 307,435 (16,795) (7,868) (13,110) (22,010) (18,713) (78,496) 71,526 7,740 41,934 32,027 21,034 54,678 228,939 71,526 7,740 41,934 32,027 21,034 54,678 228,939 1,503 16,901 35,470 31,960 9,961 38,770 134,565 84,638 (84,638) (3,697) (5,606) (11,204) (16,115) (6,469) (43,091) (767) (1,745) (636) (3,148) 1,456 60 888 433 151 527 3,515 155,426 19,095 66,321 46,560 24,041 9,337 320,780 176,167 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 45 94,064 552 6,088 6,664 228 107,596 12 (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

/ 89 18. 1,615 1,776 8,438 11,829 (1,109) (1,374) (7,597) (10,080) 506 402 841 1,749 506 402 841 1,749 160 1,610 1,770 (347) (187) (614) (1,148) 159 375 1,837 2,371 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

90 18. (a) 553 671 266,468 153,695 468 1,060 267,489 155,426 144,552,00047,627,000 34 (b) 643,000927,000 19. 100,912 93,387 8,185 7,525 109,097 100,912 22,200 22,150 86,897 78,762 109,097 100,912 109,097,000100,912,000

/ 91 19. 41,100,00039,500,000 22,200,00022,150,000 34 100,912 8,185 109,097 8,185 2.5% 7% 582 13,680

92 20. 40,191 28,965 11,607 (1,015) (739) 680 358 39,856 40,191 (935) (834) 38,921 39,357 21. 621,382 621,382 621,382 621,382 621,382 621,382 45 49,395 670,777 621,382 670,777 621,382 670,777 621,382

/ 93 21. 621,382 621,382 Montres Corum Sàrl 49,395 670,777 621,382 0% 3% 1.45% 12.84% 16.50% 16.09% 15,300,00015,300,000 22. 793,194 793,184 189,951 1,337,806 1,106,192 2,320,951 1,899,376 (303,703) (303,703) 2,017,248 1,595,673

94 22. 2 100 2 100 Haidian Creation International Limited 1 100 1 100 a 36,000,000 100 b 1,000,000 100 c 45,525,860 100 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 d 30,000,000 51 Eterna AG Uhrenfabrik 6,000,000 100

/ 95 22. Eterna Uhren GmbH, Kronberg 205,000 100 Eterna Movement AG 1,000,000 100 d 15,000,000 51 d 25,500,000 51 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

96 22. Corum Italia SRL 10,400 100 Montres Corum Europe SA 100,000 100 Servicio de Importacion SA 739,000 100 Corum Deutschland GmbH 200,000 100 (a) (b) (c) (d) 23. 58,065 164 55,650 12,134 13,499 (11,250) 4 2 70,203 58,065 25% (i) (ii) 56,000,00038,000,000 18,000,000 35

/ 97 23. 600,000 25% 25% a) 735,168 409,204 22,348 21,975 628,550 351,655 784 120 48,506 16,934 384,158 125,757 784 120 904,089 788,240 48,535 53,997 243 1,502 48,778 55,499 11,250 3,290 3,431 4,951 3,369 4,574 2,251 10,862 10,893

98 24. a 699,326 1,409,097 b 82 79 699,408 1,409,176 (a) 102.12 1.310 6 30,965,00017,169,000 10% A 85,389,058 173,989,058 7.18% 14.78% 94,418,000601,480,000 637,100,000804,189,000 88,600,000 456,023,000 (b)

/ 99 25. 22,467 36,700 59,167 (3,223) (3,223) 19,244 36,700 55,944 19,244 36,700 55,944 70,068 788 30,541 101,397 (8,497) (79) (8,576) 284 284 81,099 37,409 30,541 149,049 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 45 2,384 107,735 110,119 12 (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

100 26. 193,335 192,866 19,846 4,959 81,068 61,383 91 275 3,150 4,212 2,841 2,836 277,553 258,461 22,778 8,070 (250,782) (250,652) (22,778) (8,070) 26,771 7,809 27. 234,633 229,656 295,415 48,439 1,457,425 1,309,562 1,987,473 1,587,657 28. 635,746 347,366 (2,477) 633,269 347,366

/ 101 28. 1,642 (1,662) 2,380 97 20 2,477 206,834,000 34 1 3 471,195 319,787 4 6 84,981 24,760 6 77,093 2,819 633,269 347,366 216,573 205,818 3 261,324 122,379 36 80,637 16,590 6 74,735 2,579 416,696 141,548 633,269 347,366

102 29. 214,302 106,929 47,935 52,590 30. 3,797,00018,518,000 51,899,00012,716,000 3.8% 6%4.4% 5.73% 31. 328,986,000194,436,000 32. 1 3 385,583 289,235 4 6 13,193 8,353 6 1,680 9,418 400,456 307,006

/ 103 33. 108,968 43,867 3,712 1,941 308,515 309,036 10,901 11,622 417,483 352,903 14,613 13,563 (368,546) (352,903) (14,613) (13,563) 48,937 34. 3.38% 10,784 10,784 1.82%-7.34% 597,790 467,728 289,408 156,000 597,790 478,512 289,408 166,784 (231,011) (478,512) (16,000) (166,784) 366,779 273,408 223,361 443,034 16,000 156,000 77,338 1,849 279,846 22,845 273,408 17,245 374,429 24,694 273,408 597,790 467,728 289,408 156,000

104 34. (i) (ii) 43.1(v) (iii) 22,220,00022,150,00019 (iv) 144,552,00047,627,000 18(a) (v) 206,834,00028 (vi) 27,600,000 35. a 40,242 23,452 b 9,208 16,674 49,450 40,126 (a) 30,600,000 37,335,000 A A1 21,417,00018,553,000 51,000,000 6,500,00044,500,000 54,527,000 B B 121,689,000 23,452,000 (b) 56,000,000 56,000,000 38,000,000 18,000,00012 1

/ 105 35. 39 12,093,0006,187,000 36. 37. 1,295 (7,466) (203) 7,669 1,295 16 (189) (5) 194 16 1,311 (7,655) (208) 7,863 1,311 45 (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) 1,344 1,311 (24,693) (23,349) 1,311 213,499,000192,602,000 16,739,000226,000

106 37. 1,296,333,000587,253,000 41,364,0007,863,000 1,120,636,000 875,132,000 38. 0.10 6,000,000 600,000 6,000,000 600,000 4,268,064 426,806 4,139,747 413,975 a 456,960 45,696 77,527 7,752 b 3,375 338 50,790 5,079 4,728,399 472,840 4,268,064 426,806

/ 107 38. (a) 37,335,00015,000,000404,625,000 35(a) 35(b)4512,185,0006,704,000234,681,000 54,527,00023,000,000 35(a) 35(b)22,477,00013,026,000 (b) 3,375,00050,790,000 1,097,00016,508,000759,00011,429,000 338,0005,079,000 39 39. (i) (ii) (iii) 30% 30% 1% 1% 1% 0.1%5,000,000

108 39. (i)(ii) (iii) 30% 35% 35% 0.325 20,085 0.325 70,875 0.325 (3,375) 0.325 (50,790) 0.325 16,710 0.325 20,085 0.325 16,710 0.325 20,085 0.325 56 0.760.80

/ 109 39. 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 1,225,000 (1,225,000) 2,800,000 (2,800,000) 1,750,000 (1,750,000) 1,225,000 (1,225,000) 1,400,000 1,400,000 1,225,000 (1,225,000) 3,500,000 3,500,000 13,125,000 (8,225,000) 4,900,000 24,235,000 (16,935,000) 7,300,000 33,515,000 (25,630,000) 7,885,000 70,875,000 (50,790,000) 20,085,000

110 40. 21 792,405 10,748 22,692 825,845 35,503 35,503 18,049 18,049 11,429 11,429 7,702 (7,702) 133,246 133,246 (5,711) (5,711) 14 (42,681) (42,681) 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 1,322,700 223

/ 111 41. 41.1 9,682 13,484 32,326 38,145 29,622 30,343 71,630 81,972 41.2 19,016 19,688 9,741 9,562 33,983 40,708 9,741 19,889 2,526 4,991 55,525 65,387 19,482 29,451 41.3 20% 531,000531,000

112 42. 37,335 30,600,000 37,335,00037,335,000 43. 43.1 (i) a 120 120 b 346 341 (a) 10,00010,000 (b) 29,000 29,000 (ii) 518 45,000,0005

/ 113 43. 43.1 (iii) 1,441 1,822 (iv) 52,000,000 392,600,000 495,587,000 (v) 35,000,000 300,000,000 372,000,000 4,500,000 14,000,000 6,357,000 43.2 15,764 14,066 147 140 15,911 14,206 17.1 44. 37,335,00035(a) 404,625,000Montres Corum Sàrl 45

114 45. 275,145 (33,188) 241,957 (192,562) 49,395 404,625,000 0.68 49,395,000

/ 115 45. 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) 37 (23,304) (23,304) (449,305) (449,305) 105,430 (88,233) 87,132 192,562 28,819 351,289,00061,141,000 3,384,802,000502,813,000

116 46. 120,000,000 169,375,00026,543,000 47. 47.1 699,408 1,409,176 214,302 106,629 633,269 347,366 196,485 197,078 55,696 31,234 471,621 228,624 1,357,071 804,302 2,270,781 2,320,107

/ 117 47. 47.1 47,935 52,590 22,687 7,795 95,372 6,382 118,059 14,177 165,994 66,767 49,450 40,126 400,456 307,006 417,483 352,903 453 82,253 597,790 478,512 92,545 12,821 159 1,521,548 1,220,833 1,570,998 1,260,959

118 47. 47.1 14,613 13,563 453 82,253 289,408 166,784 85,000 389,474 262,600 47.2 50 500,000970,000 937,000802,000 50

/ 119 47. 47.3 699,326 1,409,097 98,350 2,094 495 6,704 (27,343) (26,645) (273,408) 5% 10,095 892 5% (10,095) (892) 5% (34,966) (70,455) 5% 34,966 70,455

120 47. 47.4 120,000,000 169,375,00026,543,000 47.5 360 30 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

/ 121 47. 47.5 1 1 307,006 307,006 307,006 352,903 352,903 352,903 82,253 82,253 82,253 478,512 495,226 495,226 159 159 159 1,220,833 1,237,547 1,237,547 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

122 47. 47.5 1 1 13,563 13,563 13,563 82,253 82,253 82,253 166,784 171,485 171,485 262,600 267,301 267,301 26,543 26,543 1 1 2 2 26,430 27,650 19,592 3,003 5,055 182,543 187,840 162,760 2,014 23,066 1 1 2 2 16,000 16,496 16,496 156,000 160,701 160,701

/ 123 47. 47.6 47.7 30% 30% 64,291 32,078 30% 30% (64,291) (32,078) 30% 30% 209,798 422,729 30% 30% (209,798) (422,729) 47.8

124 47. 47.8 699,326 699,326 214,302 214,302 913,628 913,628 49,450 49,450 1,409,097 1,409,097 106,929 106,929 1,516,026 1,516,026 40,126 40,126

/ 125 48. (i) (ii) (iii) (iv) 4,562,044 3,956,119 597,790 478,512 92,545 12,821 159 703,156 478,671 6.49 8.26 49. Severin Participations GmbHMichael WundermanSeverin Wunderman Family Trust 340,300,0007.17% 0.75 255,225,000340,300,000 Montres Corum Sàrl 50.

126 3,176,423 2,240,304 1,465,276 800,604 574,565 (1,697,584) (1,022,583) (637,042) (307,030) (204,410) 1,478,839 1,217,721 828,234 493,574 370,155 74,945 29,182 21,027 10,492 5,464 (724,581) (513,278) (343,908) (205,511) (153,310) (542,743) (351,448) (234,144) (150,211) (112,576) (11,450) 2,056 10,947 6,669 42,234 12,093 6,187 46,904 8,185 7,525 5,675 13,004 5,102 30,965 17,169 6,551 5,172 8,238 456,023 12,134 13,499 1,991 6,979 1,877 (4,952) 177,711 (36,554) (14,894) (4,331) (1,811) (2,669) 757,856 413,719 333,994 356,068 164,515 (157,246) (103,432) (68,240) (82,349) (31,380) 600,610 310,287 265,754 273,719 133,135 16,036 7,063 236,481 600,610 310,287 281,790 280,782 369,616 1,785 32,719 16,468 14,570 28,948 11 (17,496) (456,023) 94,418 601,480 (305,401) (327,623) 1,027,705

/ 127 (327,101) 617,948 (308,327) (298,675) 1,027,716 273,509 928,235 (26,537) (17,893) 1,397,332 565,434 270,425 255,874 271,566 362,561 35,176 39,862 25,916 9,216 7,055 600,610 310,287 281,790 280,782 369,616 233,899 887,501 (54,105) (27,672) 1,390,275 39,610 40,734 27,568 9,779 7,057 273,509 928,235 (26,537) (17,893) 1,397,332 6,273,631 5,261,137 3,678,225 3,887,086 3,481,082 (1,711,587) (1,305,018) (543,286) (573,199) (522,816) (246,965) (167,098) (76,550) (29,105) (16,482) 4,315,079 3,789,021 3,058,389 3,284,782 2,941,784

128 8 21 B 100% 332 100% 100% 459 461 463 13 14 15 100%