Samsonite Group S.A. — Earnings Release 2018

Jan 25, 2019

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)

PROFIT WARNING

This announcement is made by the Company pursuant to Rule 13.09(2) of the Listing Rules and the Inside Information Provisions under Part XIVA of the SFO.

The Board wishes to inform the Shareholders and potential investors that the Group expects the loss attributable to owners of the Company for the year ended 31 December 2018 will increase significantly by 180.00% to 190.00% from HK$195.55 million for the year ended 31 December 2017.

Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.

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

The board (the "Board") of directors (the "Directors") of the Company wishes to inform the shareholders (the "Shareholders") of the Company and potential investors that, based on the preliminary review of the unaudited consolidated management accounts of the Group for the 11 months ended 30 November 2018, information currently available and management's estimation, the Group expects the loss attributable to owners of the Company for the year ended 31 December 2018 will increase significantly by 180.00% to 190.00% from HK$195.55 million for the year ended 31 December 2017.

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The significant increase in loss attributable to owners of the Company for the year ended 31 December 2018 is mainly attributable to:

(a) a HK$208.84 million written-off of construction in progress under property, plant and equipment as disclosed in the Company’s inside information announcement dated 2 August 2018; and

(b) a HK$203.94 million increase in loss arising on change in fair value of financial assets at fair value through profit or loss.

The Company is in the process of finalising the annual results of the Group for the year ended 31 December 2018. The information contained in this announcement is only based on a preliminary assessment by the Board on the unaudited consolidated management accounts of the Group for the 11 months ended 30 November 2018, information currently available and management’s estimation, which have not been reviewed or audited by the Company’s auditors and may be subject to changes and adjustments. The actual annual results of the Group for the year ended 31 December 2018 may be different from what is disclosed in this announcement. Shareholders and potential investors are advised to read carefully the annual results announcement of the Company for the year ended 31 December 2018, which is expected to be published in late March 2019.

Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.

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

Hong Kong, 25 January 2019

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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