Samsonite Group S.A. — M&A Activity 2018

Jun 29, 2018

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)

COMPLETION OF

DISCLOSABLE TRANSACTION

IN RELATION TO

THE ACQUISITION OF SHARES IN

GLOBAL MASTERMIND HOLDINGS LIMITED

Reference is made to the announcement of Eternity Investment Limited dated 14 June 2018 (the "Announcement") in relation to the SPAs and the transactions contemplated thereunder. Capitalised terms used herein shall have the same meanings as those defined in the Announcement unless stated otherwise.

The Board is pleased to announce that all the conditions precedent under each of the SPAs have been fulfilled and completion of the SPAs took place on 29 June 2018. Upon completion of the SPAs, the Purchaser is interested in 1,237,750,000 Global Mastermind Shares, representing approximately 29.04% of the issued share capital of Global Mastermind. Global Mastermind is treated as an associate (as defined under Hong Kong Accounting Standard 28 Investments in Associates) by the Group and its financial results are recognised in the consolidated financial statements of the Group using the equity method of accounting.

By Order of the Board

Eternity Investment Limited

Chan Kin Wah Billy

Executive Director

Hong Kong, 29 June 2018

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.