Sincere Watch (Hong Kong) Limited is an investment holding company. The Company, along with its subsidiaries, is engaged in the distribution of branded luxury watches, timepieces and accessories in Hong Kong, Macau, Taiwan and the People�s Republic of China (PRC). The Company is the sole distributor of Franck Muller watches and accessories in Hong Kong, Macau, Taiwan and Mainland China. It also represents five other exclusive luxury brands such as de Grisogono, CVSTOS, Pierre Kunz, European Company Watch and Backes & Strauss. During the year 2011, the Company extended its distribution network to 66 retail points of sales (POS), with an addition of five mono-brand Franck Muller boutiques in Hong Kong, China including Beijing, Ningbo and Dalian, and Taiwan including Taichung. The 66 watch retail outlets in the region are run by 29 independent watch dealers throughout markets in North Asia.