Rip Curl, Oceantide, 2003
Made in Hong Kong
or a bit North of Hong Kong in the Shenzen area is possible too. After all, Shenzhen is only a short train ride from Hong Kong and many products sold as "assembled in Hong Kong" or "Made in Hong Kong" are in fact manufactured just outside the New Territories in Mainland China. But after 2047, this all will not matter anymore. Hong Kong Special Administrative Region or short Hong Kong SAR will then be back in the Motherland.
And in almost traditional watch historic tradition, lots of features stamped into the case back. Looks a bit like a case back from the 70ies.