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On the other hand, maybe nobody cares and it's all for show, so whether the correct times are shown is irrelevant.
Edit: I haven't been able to find the answer to this, but Jacob & Co have worked with multiple Swiss suppliers, and it's possible that one has customized a movement for them for this watch to somehow get four time complications without extra movements and batteries. This watch has been in continuous production since 2002 with a bewildering number of design variations. This black, diamond numbers version is downright staid for them.
Further edit: Their Grand Five Time Zone watch, pictured below, has 5 separate Rhonda 1042 movements, basically five little ladies watch quartz movements, each with its own crown for setting. This seems like a pain in the butt to keep set and to keep filled with fresh batteries.
Still another edit: It's definitely worth your time looking around the Jacob & Co. website. They have some seriously freaky watches:
https://www.jacobandco.com/collections/grand-complication-masterpieces https://www.jacobandco.com/collections/high-jewelry-masterpieces https://www.jacobandco.com/collections/gents-collection https://www.jacobandco.com/collections/ladies-collection https://www.jacobandco.com/collections/iconic-collection
The octopus watch. Not to be confused with their spider watch.