Based on the Tokyoflash Round Trip watch ( http://www.tokyoflash.com/en/watch_museum/kisai/round_trip/ ) , this watch face tells the time in intervals of 3 minutes around the outside ring and the hour in the inside ring. The two sections at the bottom light up for the 1st and 2nd minute of the next three minute block.

The animated preview shows 11:57-12:00. There is no AM/PM indicator.