Sincere Watch (Hong Kong) Limited (444) announced that, aside from information released on 31 December 2025 and 3 February 2026, there have been no further material updates regarding the Disclaimer of Opinion noted in earlier disclosures issued on 30 May 2025, 29 August 2025, and 28 November 2025.

The luxury watch distribution business continues to face pressure from weakened consumer spending and economic uncertainties. Negotiations with international watch brands are ongoing, though key commercial terms remain unresolved. The company intends to continue exploring cooperative relationships with other international brands.

The property investment segment in the PRC remains stable, but the company plans to maintain its current business scale, citing ongoing market uncertainties. It continues to explore diversification opportunities to manage potential risks and broaden income sources.

Publication of the annual results for the year ended 31 March 2025 and the interim results for the six months ended 30 September 2025 has been delayed, primarily due to staffing challenges in financial reporting. The company projects relief from staffing shortages to occur in the second half of 2026, after which financial statements are expected to be finalized. It will provide updates every three months until the Disclaimer of Opinion issue is resolved.