Samsonite Group S.A. — M&A Activity 2015

Nov 12, 2015

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this joint 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 joint announcement.

華銀控股有限公司

SINO CREDIT HOLDINGS LIMITED

(Incorporated in Bermuda with limited liability)

(Stock Code: 628)

ETERNITY INVESTMENT LIMITED

(Incorporated in Bermuda with limited liability)

(Stock Code: 764)

JOINT ANNOUNCEMENT

COMPLETION OF MAJOR TRANSACTION IN RELATION TO THE DISPOSAL OF THE ENTIRE EQUITY INTERESTS OF BEST VOLUME INVESTMENTS LIMITED

COMPLETION OF MAJOR TRANSACTION IN RELATION TO THE ACQUISITION OF THE ENTIRE EQUITY INTERESTS OF BEST VOLUME INVESTMENTS LIMITED

Reference is made to the joint announcement (the "Joint Announcement") of Sino Credit Holdings Limited ("Sino Credit") and Eternity Investment Limited ("Eternity") dated 7 September 2015, the circular of Sino Credit dated 15 October 2015 and the circular of Eternity dated 20 October 2015 in relation to, among other things, a major transaction of both companies. Unless otherwise specified, capitalised terms used herein shall have the same meanings as those defined in the Joint Announcement.

The Sino Credit Board and the Eternity Board are pleased to announce that all the conditions precedent of the Sale and Purchase Agreement have been fulfilled or otherwise waived, and the Transaction was completed on 12 November 2015 in accordance with the terms of the Sale and Purchase Agreement. Upon completion of the Transaction, the Target Company has ceased to be a wholly owned subsidiary of Sino Credit and has become an indirect wholly owned subsidiary of Eternity.

By Order of the board of directors of Sino Credit Holdings Limited
Chung Tat Fun
Chairman

By Order of the board of directors of Eternity Investment Limited
Lei Hong Wai
Chairman

Hong Kong, 12 November 2015

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As at the date of this joint announcement, the Sino Credit Board comprises:

Executive directors:

Mr. Chung Tat Fun (Chairman)
Mr. Chung Ho Chun
Mr. Fu Ear Ly
Mr. Huang Weibo

Non-executive directors:

Mr. So Chak Fai, Francis
Ms. Wong Yee Shuen Regina

Independent non-executive directors:

Ms. Lee Shiow Yue
Mr. Poon Wai Hoi, Percy
Mr. Tang Chi Ho, Francis

As at the date of this joint announcement, the Eternity Board comprises:

Executive directors:

Mr. Lei Hong Wai (Chairman and Chief Executive Officer)
Mr. Cheung Kwok Wai, Elton
Mr. Chan Kin Wah, Billy
Mr. Cheung Kwok Fan

Independent non-executive directors:

Mr. Wan Shing Chi
Mr. Ng Heung Yan
Mr. Wong Tak Chuen

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