Sincere Watch (Hong Kong) Limited (444) announced that, apart from updates released on 30 September 2025, there have been no major developments regarding the previously issued Disclaimer of Opinion. Ongoing negotiations remain in progress for a potential bank loan facility, and discussions with European watch brands continue without significant breakthroughs on commercial terms.

The company noted that, if the bank loan facility cannot be secured in time, possible equity or debt fundraising options may be explored, though no concrete plan has yet been confirmed. The publication of the annual results for the year ended 31 March 2025 and the interim results for the six months ended 30 September 2025 remains delayed.

Additional announcements are set for release at three-month intervals until the Disclaimer of Opinion is resolved. The management also stated that shareholders and potential investors should exercise caution when dealing in the company’s securities.