Building on the past 30 years of achievements and continuingwith pragmatic approach to business

HONG KONG, CHINA  - Media OutReach - 10 August 2018 - Time Watch Investments Limited ("Time Watch", whichtogether with its subsidiaries is referred to as "the Group", SEHK stock code:02033), a leading manufacturer, brand owner and retailer of watches in China,celebrated the 30^th anniversary of its core and renowned domesticbrand Tian Wang on 8 August 2018, marking a milestone in its business.

Capitalizingon China's Economic Reform, the Group established Tian Wang brand in 1988 andentered China's retail market for domestically made watches. Over the past 30years, Tian Wang has become a trendsetter in the industry and has launched avariety of product designs according to the preferences and needs of diversecustomers. By providing trendy and high-quality watches at reasonable prices,Tian Wang has achieved consistent success and has developed strong brandrecognition.

Since2013, the Group has been running an e-commerce division for Tian Wang brandthrough strategic cooperation with several major online platforms in China. Themove has allowed Tian Wang to tap into the younger generation's rising spendingpower. The Group keeps making steady progress in online sales and has achievedremarkable results over the years. In 2017, Tian Wang continued to be rankedNo.1 among domestic watch brands in terms of sales volume at T-mall of AlibabaGroup during "Nov 11 Shopping Festival" for the fifth consecutive year.

Inthe course of 30 years of brand building, Tian Wang has developed a nationwidefootprint, managing about 2,600 stores directly in all economically vibrantcities. Its business grew consistently year by year with annual sales of aboutRMB2 billion, so much so that Tian Wang has topped the chart of sales of domesticallymade watches in China for many years. After 30 years of relentless efforts,Tian Wang has won over 70 awards and honors.

Mr. Tung Koon Ming, Chairman and Chief ExecutiveOfficer of the Group and Founder of Tian Wang said, "The entire staff has been working as acohesive group through thick and thin for 30 years to build Tian Wang into arenowned watch brand in China. This has already marked a very significantmilestone in the history of the Group. I truly appreciate all customers,business partners, staff members and those who have been supportive throughoutthe years from the bottom of my heart. Tian Wang could not have been a successfuland renowned domestic brand without their involvement and contribution. Lookingahead, we remain confident about Tian Wang's future development. We will tapthe market for growth and strengthen Tian Wang's leading position in theindustry. To achieve the goals, we will keep enriching our product mix to caterfor diverse consumers in the fast-changing market, and continue to develop our onlineretail business. Meanwhile, we will strive to provide more stylish andhigh-quality watches for customers, help our staffs to grow, and generatebetter returns to the Group, thus manifesting the spirit of Tian Wang."

Mr. Tung Koon Ming, Chairman and Chief Executive Officer of the Group and Founder of Tian Wang, 

gives a speech at the celebration of Tian Wang's 30th anniversary

Please clickhere for the high-resolutionphoto.

AboutTime Watch Investments Limited

Time Watch is the leading manufacturer,brand-owner and retailer of watches in the PRC domestic watches brand marketwith two proprietary brands, Tian Wang and Balco. The Group primarily engagesin the product design and development, sourcing of watch components, assemblingand, marketing and sales of the Group's core brand, Tian Wang. The Group waslisted on the main board of the Hong Kong Stock Exchange on 5 February 2013.