168–200202016–2018 23203A–05 Conyers Trust Company (Cayman)LimitedCricket SquareHutchins DriveP.O. Box 2681Grand CaymanKY1-1111Cayman Islands 1617 00444 http://www.sincerewatch.com.hk Cricket SquareHutchins DriveP.O. Box 2681Grand CaymanKY1-1111Cayman Islands Sincere Watch (Hong Kong) Limited 45,500,00098.1%90,100,000 13,600,0001.6%13,800,00029.9%15.3% 10,700,0002,900,000 12,900,00050.2%6,400,000 38,500,00038.3%53,200,000 10,000,00010.9%8,900,000 56,000,00047,400,000 0.930.782.94.0 FRANCK MULLER— CVSTOSPierre KunzEuropean Company Watch 49116061 55526 World Brand Piazza 2023 1213WorldBrand PiazzaFRANCK MULLERCVSTOSFRANCK MULLERVanguard Racing SkeletonVanguard HeartSkeletonCVSTOSMetropolitan Chrono Skeleton 81,100,00090.0% 78.3%20,200,000249.6%70,500,000 11.7%10,600,00012,900,000 7,300,00069.2%2,200,000 5,200,0004,100,000 Franck MullerFranck Muller Franck Muller InstagramFacebookFranck Muller 74,200,00065,500,000161.5%122.5%230,800,000 6,200,000 100,0003,400,000 14,300,00032,800,000173,700,000241,400,000 6,043,950,0006,043,950,000 40,00040,00011,800,0001,300,000 21 (i)158,300,000170,400,00070,400,00075,800,000(ii)144,000,000155,000,000 (i)375,000,000428,600,000(ii)(iii)12,000,00013,700,000(iv)300,000300,000(v)138,800,000158,600,000 600,000 22 121115 XV352 415,200,000 336 336 C.2.1 C.2.1 3.10(1)3.10(2)3.10A3.21 (a)3.10(1) (b)3.10(2) (c)3.10A(d)3.21 3.10(1)3.10(2)3.10A 3.21 Sincere Watch (Hong Kong) Limited 1. 223 2. 3434 34 2.— 3. •17•12•8•12•12— 4. 5. (a) 5.— (a)— 5.— (b) 5.— (a)COVID-19845,000(b)1,500,000 7. 8. 9. 10. 11. 15,532,000779,000 8,179,0009,027,0007,961,0008,335,000 31,563,00020,184,00012,403,0009,719,000 12. 4,139,0005,190,000 158,300,000170,394,00017 15. 15.— 3090 14,415,00015,301,000 3,347,0002,944,000 9091365365 17. 75,778,000158,621,0006.326.375.596.30 (i)170,394,00012 (ii) 12,917,00045,712,000 17.— 142,085,0006 18. 19. 20. ————— 20.— (a) (b) 13(a) 10%52,00054,000 10%184,000 20.— (b)— 20.— (b)— 21. (ii) 22. Sincere Brand Management LimitedSBMLMulticontinental Distribution (Asia) DMCCMulticontinentalGFM Watchland SAMulticontinentalSBMLSBMLFranck Muller SBML(i)(ii)(iii)SBML(iv)(v) 22.— MulticontinentalSBML MulticontinentalSBMLSBML71,400,000613,800,000SBMLMulticontinentalCovid-19MulticontinentalMulticontinentalSBML MulticontinentalSBMLSBML 22.— SBMLSBMLMulticontinental14,000,000118,000,0003.71%14.58% MulticontinentalSBML77,100,000663,300,000MulticontinentalSBMLSBML MulticontinentalSBML4,900,00042,300,0005%200,0002,100,000 23.