ÿþ<html><!-- InstanceBegin template="/Templates/sincere_news.dwt" codeOutsideHTMLIsLocked="false" --> <head> <!-- InstanceBeginEditable name="doctitle" --> <title>Sincere Fine Watches</title> <link href="../css/about_news.css" rel="stylesheet" type="text/css"> <!-- InstanceEndEditable --> <meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1"> <!-- InstanceBeginEditable name="head" --><!-- InstanceEndEditable --> <script src="../js/scroller.js"></script> <script language="javascript"> <!-- function MM_preloadImages() { //v3.0 var d=document; if(d.images){ if(!d.MM_p) d.MM_p=new Array(); var i,j=d.MM_p.length,a=MM_preloadImages.arguments; for(i=0; i<a.length; i++) if (a[i].indexOf("#")!=0){ d.MM_p[j]=new Image; d.MM_p[j++].src=a[i];}} } //--> function MM_swapImgRestore() { //v3.0 var i,x,a=document.MM_sr; for(i=0;a&&i<a.length&&(x=a[i])&&x.oSrc;i++) x.src=x.oSrc; } function MM_findObj(n, d) { //v4.01 var p,i,x; if(!d) d=document; if((p=n.indexOf("?"))>0&&parent.frames.length) { d=parent.frames[n.substring(p+1)].document; n=n.substring(0,p);} if(!(x=d[n])&&d.all) x=d.all[n]; for (i=0;!x&&i<d.forms.length;i++) x=d.forms[i][n]; for(i=0;!x&&d.layers&&i<d.layers.length;i++) x=MM_findObj(n,d.layers[i].document); if(!x && d.getElementById) x=d.getElementById(n); return x; } function MM_swapImage() { //v3.0 var i,j=0,x,a=MM_swapImage.arguments; document.MM_sr=new Array; for(i=0;i<(a.length-2);i+=3) if ((x=MM_findObj(a[i]))!=null){document.MM_sr[j++]=x; if(!x.oSrc) x.oSrc=x.src; x.src=a[i+2];} } //--> </script> <link href="../css/main.css" rel="stylesheet" type="text/css"> <style type="text/css"> .style3 { font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 11px; color: #CCCCCC; width: 172px; } </style> </head> <body onLoad="InitialiseScrollableArea();MM_preloadImages('../images/news_over.jpg','../images/about_over.jpg','../images/showcase_over.jpg','../images/events_over.jpg','../images/academy_over.jpg','../images/career_over.jpg','../images/contact_over.jpg','../images/legal_over.jpg','../images/sitemap_over.jpg','../images/home_over.jpg','../images/retail_over.jpg')"> <table width="100%" height="100%" border="0" cellpadding="0" cellspacing="0"> <tr> <td><table width="780" height="540" border="0" align="center" cellpadding="0" cellspacing="0"> <tr> <td height="45" align="right" valign="top"><object classid="clsid:D27CDB6E-AE6D-11cf-96B8-444553540000" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,29,0" width="192" height="40"> <param name="movie" value="../flash/shining_logo_sm.swf"> <param name="quality" value="high"> <param name="menu" value="false"> <param name="loop" value="true"> <embed src="../flash/shining_logo_sm.swf" width="192" height="40" loop="true" quality="high" pluginspage="http://www.macromedia.com/go/getflashplayer" type="application/x-shockwave-flash" menu="false"></embed> </object></td> </tr> <tr> <td height="35" align="center"><table width="780" height="20" border="0" cellpadding="0" cellspacing="0"> <tr> <td width="2"><img src="../images/navi_divider.jpg" width="2" height="12"></td> <td width="100" align="center"><a href="../main.html" onMouseOut="MM_swapImgRestore()" onMouseOver="MM_swapImage('Home','','../images/home_over.jpg',1)"><img src="../images/home_button.jpg" alt="Home" name="Home" width="80" height="20" border="0"></a></td> <td width="2"><img src="../images/navi_divider.jpg" width="2" height="12"></td> <td width="100" align="center"><a href="news.html" onMouseOut="MM_swapImgRestore()" onMouseOver="MM_swapImage('News','','../images/news_over.jpg',1)"><img src="../images/news_button.jpg" alt="Sincere News" name="News" width="80" height="20" border="0"></a></td> <td width="2"><img src="../images/navi_divider.jpg" width="2" height="12"></td> <td width="150" align="center"><a href="../about/about_business.html" onMouseOut="MM_swapImgRestore()" onMouseOver="MM_swapImage('About Sincere','','../images/about_over.jpg',1)"><img src="../images/about_button.jpg" alt="About Sincere" name="About Sincere" width="111" height="20" border="0"></a></td> <td width="2"><img src="../images/navi_divider.jpg" width="2" height="12"></td> <td width="130" align="center"><a href="../showcase/showcase_overview.html" onMouseOut="MM_swapImgRestore()" onMouseOver="MM_swapImage('Showcase','','../images/showcase_over.jpg',1)"><img src="../images/showcase_button.jpg" alt="Sincere Showcase" name="Showcase" width="100" height="20" border="0"></a></td> <td width="2"><img src="../images/navi_divider.jpg" width="2" height="12"></td> <td width="126" align="center"><a href="../events/events.html" onMouseOut="MM_swapImgRestore()" onMouseOver="MM_swapImage('Events','','../images/events_over.jpg',1)"><img src="../images/events_button.jpg" alt="Sincere Events" name="Events" width="80" height="20" border="0"></a></td> <td width="2"><img src="../images/navi_divider.jpg" width="2" height="12"></td> <td width="160" align="center"><a href="../academy/" target="_blank" onMouseOver="MM_swapImage('Academy','','../images/academy_over.jpg',1)" onMouseOut="MM_swapImgRestore()"><img src="../images/academy_button.jpg" alt="Sincere Academy" name="Academy" width="125" height="20" border="0"></a></td> <td width="2"><img src="../images/navi_divider.jpg" width="2" height="12"></td> </tr> </table></td> </tr> <tr> <td valign="top" class="defaultText"> <table width="780" height="425" border="0" cellpadding="0" cellspacing="0"> <tr> <td width="150" valign="top"><table width="150" height="425" border="0" cellpadding="0" cellspacing="0"> <tr> <td height="30"><img src="../images/subNaviTopBG.jpg" width="150" height="30"></td> </tr> <tr> <td height="40"><img src="images/news_title.jpg" alt="Showcase" width="150" height="40"></td> </tr> <tr> <td height="10" class="subNavi"><img src="../images/spacer.gif" width="1" height="10"></td> </tr> <tr> <td height="20" align="right" class="headlineLinks">&gt; News for Year 2009 </td> </tr> <tr> <td height="20" align="right" class="style3" onMouseOver="this.className='subNaviOver'" onMouseOut="this.className='subNavi'" onClick="location.href='../news/news.html'"> Access to the Micro Site</td> </tr> <tr> <td height="20" align="right" class="style3" onMouseOver="this.className='subNaviOver'" onMouseOut="this.className='subNavi'" onClick="location.href='../news/news_opt.html'"> Contents </td> </tr> <tr> <td height="20" align="right" class="style3" onMouseOver="this.className='subNaviOver'" onMouseOut="this.className='subNavi'" onClick="location.href='../news/hold.html'"> 18 August 2009 </td> </tr> <tr> <td height="20" align="right" class="style3" onMouseOver="this.className='subNaviOver'" onMouseOut="this.className='subNavi'" onClick="location.href='../news/offer_sw.html'"> 30 September 2009 </td> </tr> <tr> <td height="20" align="right" class="style3" onMouseOver="this.className='subNaviOver'" onMouseOut="this.className='subNavi'" onClick="location.href='../news/oct.html'"> 14 October 2009 </td> </tr> <tr> <td height="20" align="right" class="style3" onMouseOver="this.className='subNaviOver'" onMouseOut="this.classNam'subNavi'" onClick="location.href='../news/oct21.html'"> 21 October 2009 </td> </tr> <tr> <td height="20" align="right" class="style3" onMouseOver="this.className='subNaviOver'" onMouseOut="this.classN9m'subNavi'" onClick="location.href='../news/oct28.html'"> 28 October 2009 </td> </tr> <tr> <td height="20" align="right" class="style3" onMouseOver="this.className='subNaviOver'" onMouseOut="this.classN9m'subNavi'" onClick="location.href='../news/nov11.html'"> 11 November 2009</td> </tr> <tr> <td height="20" align="right" class="style3" onMouseOver="this.className='subNaviOver'" onMouseOut="this.classNam'subNavi'" onClick="location.href='../news/nov12.html'"> 12 November 2009</td> </tr> <tr> <td height="20" align="right" class="headlineLinks"><hr width="100%" size="1"> &gt; Archived News </td> </tr> <tr> <td height="20" align="right" class="subNavi" onMouseOver="this.className='subNaviOver'" onMouseOut="this.className='subNavi'" onClick="location.href='../news/news_2007.html'">Year 2007 </td> </tr> <tr> <td height="20" align="right" class="subNavi" onMouseOver="this.className='subNaviOver'" onMouseOut="this.className='subNavi'" onClick="location.href='../news/news_2006.html'">Year 2006 </td> </tr> <tr> <td height="20" align="right" class="subNavi" onMouseOver="this.className='subNaviOver'" onMouseOut="this.className='subNavi'" onClick="location.href='../news/news_2005.html'">Year 2005 </td> </tr> <tr> <td height="10" class="subNavi"><img src="../images/spacer.gif" width="1" height="10"></td> </tr> <tr> <td background="../images/subNaviBottomBG.jpg">&nbsp;</td> </tr> </table></td> <td width="630" valign="top"><!-- InstanceBeginEditable name="MainContent2" --> <table width="100%" height="425" border="0" cellpadding="0" cellspacing="0" background="../images/bottom_contentBG1.jpg"> <tr> <td height="60" valign="top"><table width="600" height="50" border="0" align="center" cellpadding="10" cellspacing="0"> <td><div align="right"><span class="newsHeadline">Holding Announcement</span><span class="newsDate"><br> 19 August 2009</span> </div></td> </tr> </table></td> </tr> <tr> <td><table width="620" height="345" border="0" align="right" cellpadding="0" cellspacing="0"> <tr> <td valign="top"><table width="545" height="300" border="0" align="center" cellpadding="0" cellspacing="0"> <tr> <td height="10" colspan="2" valign="top"><img src="../images/spacer.gif" width="1" height="10"></td> </tr> <tr> <td width="525" valign="top"><DIV class="defaultText" STYLE="scrollbar-face-color:#333333; scrollbar-shadow-color:#000000; scrollbar-highlight-color:#000000; scrollbar-3dlight-color: #000000; scrollbar-darkshadow-color:#000000; scrollbar-track-color:#000000; scrollbar-arrow-color:#FFFFFF;overflow: auto; width:540; height:300; border:0 #000000 solid; text-align: left; padding: 2px"> <p class="defaultText"><div align="center"><span style="font-size:14px; font-weight:bold;">SINCERE WATCH LIMITED</span><br> (Comapny's Registration No. 197700967C) <br><br> <span style="font-size:12px; font-weight:bold;">ANNOUNCEMENT</span><br><br></div> The Board of Directors (the "Board") of Sincere Watch Limited (the  Company ) wishes to announce that:<br><br> <table width="100%" cellspacing="0" cellpadding="3" border="0" class="defaultText"> <tr valign="top"> <td width="20">(i)</td> <td>it has been advised that the majority shareholder of the Company is currently in discussions with an investor group (the  Investor Group ) who are considering making a general offer for the ordinary shares of the Company (the  Offer );</td> </tr> <tr> <td width="20">(ii)</td> <td>such discussions are ongoing; and</td> </tr> <tr> <td width="20">(iii)</td> <td> there is no assurance that such an Offer would be made.</td> </tr> </table><br><br> Mr Tay, the Managing Director and Chief Executive Officer of the Company, has advised the Board that Triple A Enterprises Pte Ltd, a company incorporated under the laws of the British Virgin Islands, is part of the Investor Group and is wholly owned by him.<br><br> Shareholders and investors of the Company are therefore advised to exercise caution when dealing in the Company s shares and to refrain from taking any action in respect of their shares which may be prejudicial to their interests.<br><br> The Company will, in compliance with its disclosure obligations under the Singapore Code on Take-overs and Mergers, make the relevant announcements of any material developments at the appropriate time.<br><br> <span style="font-size:10px; font-weight:bold;">BY ORDER OF THE BOARD</span><br><br> Name: John Howard Batchelor<br> Position: Chairman<br> 18 August 2009<br><br><i>The Directors of the Company (including any who may have delegated supervision of this Announcement) have taken all reasonable care to ensure that the facts stated and all opinions expressed in this Announcement are fair and accurate and that no material facts have been omitted from this Announcement, and they jointly and severally accept responsibility accordingly.</i> </div> </div></td> </tr> </table></td> </tr> </table></td> </tr> </table> <!-- InstanceEndEditable --></td> </tr> </table> </td> </tr> <tr> <td height="35" valign="top"><table width="700" border="0" align="center" cellpadding="0" cellspacing="0"> <tr align="center"> <td height="15" colspan="5"><img src="../images/spacer.gif" width="1" height="15"></td> </tr> <tr align="center"> <td width="150" height="20"><a href="../retail/retail.html" onMouseOut="MM_swapImgRestore()" onMouseOver="MM_swapImage('Retail','','../images/retail_over.jpg',1)"><img src="../images/retail_buttons.jpg" alt="Retail Network" name="Retail" width="140" height="20" border="0"></a></td> <td width="190" height="20"><a href="../career/career.html" onMouseOut="MM_swapImgRestore()" onMouseOver="MM_swapImage('Career','','../images/career_over.jpg',1)"><img src="../images/career_button.jpg" alt="Career Opportunities" name="Career" width="160" height="20" border="0"></a></td> <td width="130" height="20"><a href="../contact/contact.html" onMouseOut="MM_swapImgRestore()" onMouseOver="MM_swapImage('Contact','','../images/contact_over.jpg',1)"><img src="../images/contact_button.jpg" alt="Contact Us" name="Contact" width="100" height="20" border="0"></a></td> <td width="130" height="20"><a href="../legal/legal.html" onMouseOut="MM_swapImgRestore()" onMouseOver="MM_swapImage('Legal','','../images/legal_over.jpg',1)"><img src="../images/legal_button.jpg" alt="Legal Issues" name="Legal" width="120" height="20" border="0"></a></td> <td width="100" height="20"><a href="../sitemap/sitemap.html" onMouseOut="MM_swapImgRestore()" onMouseOver="MM_swapImage('Sitemap','','../images/sitemap_over.jpg',1)"><img src="../images/sitemap_button.jpg" alt="Sincere Sitemap" name="Sitemap" width="80" height="20" border="0"></a></td> </tr> </table></td> </tr> </table></td> </tr> </table> </body> <!-- InstanceEnd --></html>