1361916--4/17/2007--ASIA_TIME

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{customer, product, revenue}

{stock, price, share}

{regulation, change, law}

{operation, international, foreign}

{acquisition, growth, future}

{condition, economic, financial}

{control, financial, internal}

{capital, credit, financial}

{gas, price, oil}

{operation, natural, condition}

{interest, director, officer}

{personnel, key, retain}

{product, liability, claim}

{competitive, industry, competition}

{product, market, service}

{cost, operation, labor}

RISKS RELATED TO OUR OPERATIONS We are dependent on a limited number of suppliers. Loss of one or more of our key suppliers could have a material adverse effect on our business. Our industry is highly cyclical, and an industry downturn could have a material adverse effect on our business. Declines in the value of our inventory could materially adversely affect our business. Significant order cancellations, reductions or delays by our customers could materially adversely affect our business. The market for our products and services is very competitive and, if we cannot effectively compete, our business will be harmed. Substantial defaults by our customers on accounts receivable or the loss of significant customers could have a material adverse effect on our business. We are dependent on foreign manufacturers and subject to trade regulations which expose us to political and economic risk. Our industry is subject to supply shortages. Any delay or inability to obtain products may have a material adverse effect on our business. The prices of our products are subject to volatility, which could have a negative impact on our sales and gross profit margins. A reversal of the trend for distribution to play an increasing role in the watch movements industry could materially adversely affect our business. Manufacturing capacity restraints and limited experience may have an adverse effect on our results of operations. Our operations would be materially adversely affected if third-party carriers were unable to transport our products on a timely basis. Our products may be found to be defective and, as a result, warranty and/or product liability claims may be asserted against us which could have a material adverse effect on our business. The failure to manage growth effectively could have an adverse effect on our business, financial condition, and results of operations. We are dependent on certain key personnel and loss of these key personnel could have a material adverse effect on our business, financial condition and results of operations. Our planned expansion into new international markets poses additional risks and could fail, which could cost us valuable resources and affect our results of operations. RISKS RELATED TO US DOING BUSINESS IN CHINA All of our assets are located in Hong Kong and China and substantially all of our revenues are derived from our operations in Hong Kong and China, and changes in the political and economic policies of the PRC government could have a significant impact upon the business we may be able to conduct in the PRC and the results of operations and financial condition. Our operations are subject to PRC laws and regulations that are sometimes vague and uncertain. Any changes in such PRC laws and regulations, or the interpretations thereof, may have a material and adverse effect on our business. Inflation in the PRC could negatively affect our profitability and growth. Recent PRC regulations relating to acquisitions of PRC companies by foreign entities may create regulatory uncertainties that could restrict or limit our ability to operate, including our ability to pay dividends. Failure to comply with the United States Foreign Corrupt Practices Act could subject us to penalties and other adverse consequences. Any recurrence of Severe Acute Respiratory Syndrome (SARS), Avian Flu, or another widespread public health problem, in the PRC could adversely affect our operations. A downturn in the economy of the PRC may slow our growth and profitability. Because our business is located in the PRC, we may have difficulty establishing adequate management, legal and financial controls, which we are required to do in order to comply with U.S. securities law. . You may experience difficulties in effecting service of legal process, enforcing foreign judgments or bringing original actions in China based upon U.S. laws, including the federal securities laws or other foreign laws against us or our management. RISKS RELATED TO OUR CAPITAL STRUCTURE There is no current trading market for common stock, and there is no assurance of an established public trading market, which would adversely affect the ability of investors to sell their securities in the public market. Shares eligible for future sale may adversely affect the market price of our common stock, as the future sale of a substantial amount of outstanding stock in the public marketplace could reduce the price of our common stock. Following the Share Exchange, the former sole stockholder of Times Manufacture has significant influence over us. The ability of our operating subsidiaries to pay dividends may be restricted due to foreign exchange control regulations of China. may not be able to achieve the benefits expect to result from the Share Exchange. If we fail to maintain effective internal controls over financial reporting, the price of our common stock may be adversely affected. Standards for compliance with Section 404 of the Sarbanes-Oxley Act Of 2002 are uncertain, and if we fail to comply in a timely manner, our business could be harmed and our stock price could decline. common stock may be considered a penny stock, and thereby be subject to additional sale and trading regulations that may make it more difficult to sell. do not foresee paying cash dividends in the foreseeable future, and as a result, our investors sole source of gain, if any, will depend on capital appreciation, if any.

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1361916--4/17/2007--ASIA_TIME_CORP