This picture is from the true ending after everyone re-enter the facility on floor B. Tenmyouji STILL has his bracelet on. Basically, the rule about "when you escape, the bracelet unlocks" is clearly getting violated.
Update 4/7/16: Before you go and say "How did Dio get his bracelet on after he infiltrated the facility?" The bracelet can be put on again, according to the secret archives.
Update 4/11/16: If you haven't already noticed, this is a NicoB playthrough, so he is playing the version on the PSvita.