The board of directors of Time Watch Investments Limited announced that Mr. Tung Koon Kwok Dennis ("Mr. Dennis Tung") has been appointed as an executive Director with effect from 1 March 2019. He was a sales manager of Winning Metal Manufacturing Company Limited from 1980 to 2012. He has been a sales manager of Win Source Trading Limited, a wholly owned subsidiary of the Company since 2012. The main business of both Winning Metal Manufacturing Company Limited and Win Source Trading Limited is trading of watch movements. Mr. Dennis Tung is currently a director of various subsidiaries of the Company.