Samsonite Group S.A. — Earnings Release 2015

Aug 11, 2015

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)

INSIDE INFORMATION - RESULTS ANNOUNCEMENT OF A SUBSIDIARY

This announcement is made by Eternity Investment Limited (the "Company") pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Reference is made to the interim results announcement (the "EDS Wellness' Interim Results Announcement") of EDS Wellness Holdings Limited ("EDS Wellness", together with its subsidiaries, the "EDS Wellness Group"), a 70.18% owned subsidiary of the Company and whose issued shares are listed on the Growth Enterprise Market ("GEM") of the Stock Exchange under stock code: 8176, dated 11 August 2015 in relation to the unaudited interim results of the EDS Wellness Group for the six months ended 30 June 2015.

The board of directors of the Company would like to draw the attention of its shareholders and potential investors to the following unaudited interim results of the EDS Wellness Group for the six months ended 30 June 2015 as set out in the EDS Wellness' Interim Results Announcement.

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CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME OF THE EDS WELLNESS GROUP

	For the three months ended 30 June		For the six months ended 30 June
	2015 HK$’000 (Unaudited)	2014 HK$’000 (Unaudited)	2015 HK$’000 (Unaudited)	2014 HK$’000 (Unaudited)
Turnover	10,546	14,322	20,703	19,080
Cost of sales	(7,973)	(8,259)	(15,362)	(11,179)
Gross profit	2,573	6,063	5,341	7,901
Other revenue	100	975	142	1,752
Selling and distribution costs	(628)	(262)	(905)	(347)
Administrative expenses	(6,380)	(10,391)	(11,226)	(13,466)
Impairment loss recognised in respect of deposits, prepayments and other receivables	—	(74)	—	(80)
Loss from operations	(4,335)	(3,689)	(6,648)	(4,240)
Finance costs	(236)	(2,187)	(462)	(3,752)
Loss before taxation	(4,571)	(5,876)	(7,110)	(7,992)
Income tax expense	(160)	(487)	(348)	(487)
Loss for the period	(4,731)	(6,363)	(7,458)	(8,479)
Other comprehensive income/(expenses) for the period
Item that may be subsequently reclassified to profit or loss:
Exchange differences on translating foreign operations	14	—	15	(6)
Total comprehensive expenses for the period	(4,717)	(6,363)	(7,443)	(8,485)

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	For the three months ended 30 June		For the six months ended 30 June
	2015 HK$'000 (Unaudited)	2014 HK$'000 (Unaudited)	2015 HK$'000 (Unaudited)	2014 HK$'000 (Unaudited)
Loss for the period attributable to:
Owners of the Company	(5,006)	(7,513)	(8,360)	(9,629)
Non-controlling interests	275	1,150	902	1,150
	(4,731)	(6,363)	(7,458)	(8,479)
Total comprehensive expenses for the period attributable to:
Owners of the Company	(4,992)	(7,513)	(8,345)	(9,635)
Non-controlling interests	275	1,150	902	1,150
	(4,717)	(6,363)	(7,443)	(8,485)
Loss per share
— Basic and diluted	HK(6.69)cents	HK(57.25)cents	HK(11.18)cents	HK(73.38)cents

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CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION OF THE EDS WELLNESS GROUP

| | At
30 June
2015
HK$’000
(Unaudited) | At
31 December
2014
HK$’000
(Audited) |
| --- | --- | --- |
| ASSETS | | |
| Non-current assets | | |
| Property, plant and equipment | 11,251 | 12,649 |
| Goodwill | 18,266 | 18,266 |
| | 29,517 | 30,915 |
| Current assets | | |
| Inventories | 3,166 | 1,923 |
| Trade receivables | 4,347 | 5,546 |
| Deposits, prepayments and other receivables | 6,695 | 5,728 |
| Restricted bank deposits | 19,759 | 19,701 |
| Cash and cash equivalents | 93,604 | 26,553 |
| | 127,571 | 59,451 |
| Total assets | 157,088 | 90,366 |
| EQUITY | | |
| Capital and reserves attributable to owners
of the Company | | |
| Share capital | 7,480 | 7,480 |
| Reserves | 29,474 | 37,819 |
| Equity attributable to owners of the Company | 36,954 | 45,299 |
| Non-controlling interests | 4,659 | 3,757 |
| Total equity | 41,613 | 49,056 |

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	At 30 June 2015 HK$’000 (Unaudited)	At 31 December 2014 HK$’000 (Audited)
LIABILITIES
Current liabilities
Amount due to a former director	64	64
Trade payables	111	210
Accruals and other payables	5,024	5,080
Receipt in advance	72,634	—
Other borrowings	10,117	3,850
Promissory notes	—	6,069
Tax payables	1,851	1,502
Deposits from customers	79	80
Deferred revenue	25,435	24,000
Obligations under financial leases	153	444
	115,468	41,299
Non-current liability
Obligations under finance leases	7	11
Total liabilities	115,475	41,310
Total equity and liabilities	157,088	90,366
Net current assets	12,103	18,152
Total assets less current liabilities	41,620	49,067

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The EDS Wellness’ Interim Results Announcement will remain on the “Latest Company Announcements” page of the GEM website at www.hkgem.com for a minimum period of 7 days from the date of its publication and on the EDS Wellness’ website at www.eds-wellness.com.

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

Hong Kong, 11 August 2015

As at the date of this announcement, the board of directors of the Company 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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