Samsonite Group S.A. — Capital/Financing Update 2021

Sep 27, 2021

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

ETERNITY INVESTMENT LIMITED

(Incorporated in Bermuda with limited liability)

(Stock Code: 764)

UPDATE ON THE GUARANTEED SECURED NOTES DUE 2021

Reference is made to the Company's announcement dated 25 September 2020 (the "2020 Announcement") in relation to the New Subscription Agreement pursuant to which the Company issued to the Subscriber guaranteed secured notes due 2021 in an aggregate principal amount of HK$270.00 million (the "Notes"). The obligations and liabilities of the Company under the Notes are (i) guaranteed by Mr. Lei Hong Wai, the Chairman of the Board and an executive Director, and Mr. Cheung Kwok Wai Elton, an executive Director, and (ii) secured by a share charge over 100% of the issued shares in Eternity Investment (China) Limited (formerly known as China Jiuhao Health Industry Group Limited), a company incorporated in Hong Kong with limited liability and a wholly-owned subsidiary of the Company. The maturity date of the Notes falls on 25 September 2021 (the "Maturity Date").

Capitalised terms used herein and not defined shall have the same meaning as in the 2020 Announcement.

On 25 December 2020, 25 May 2021 and 25 July 2021, the Company made partial redemption of HK$20.00 million, HK$25.00 million and HK$25.00 million of the Notes respectively. As at the date of this announcement, the outstanding principal amount of the Notes is HK$200.00 million.

The Company hereby announces that, as at the date of this announcement, a waiver letter has been entered into between the Company and the holders of the Notes (the "Holders"), pursuant to which the Holders agreed to, among others, waive the obligation of the Company to fully repay the outstanding principal amount under the Notes up to 25 October 2021 (the "Waiver"), on the basis that new guaranteed secured notes due 24 September 2022 with the principal amount of HK$200.00 million will be issued by the Company (the "New Notes") in lieu of the Notes. The Holders have informed the Company that they are in principle agreeable to subscribe for the New Notes. It is understood by the parties to the Notes that other than the Maturity Date and the principal amount of the New Notes, all other terms and conditions of the New Notes will be the same as those of the Notes.

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Further announcement(s) will be made by the Company on the New Notes as and when appropriate or as required under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

By Order of the Board
Eternity Investment Limited
Lei Hong Wai
Chairman

Hong Kong, 27 September 2021

As at the date of this announcement, the Board comprises four executive Directors, namely, Mr. Lei Hong Wai, Mr. Cheung Kwok Wai Elton, Mr. Chan Kin Wah Billy and Mr. Cheung Kwok Fan; and three independent non-executive Directors, namely, Mr. Wan Shing Chi, Mr. Ng Heung Yan and Mr. Wong Tak Chuen.

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