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

Jun 22, 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 MAJOR AND CONNECTED TRANSACTION IN RELATION TO THE PROPOSED DISPOSAL OF 100% OF THE ISSUED SHARE CAPITAL OF BEST VOLUME INVESTMENTS LIMITED

References are made to (a) the announcement of Eternity Investment Limited (the "Company") dated 5 December 2017 and the circular of the Company dated 2 February 2018 (the "Circular") in relation to, among other things, the Sale and Purchase Agreement and the transactions contemplated thereunder; and (b) the announcements of the Company dated 27 February 2018 and 30 April 2018 in relation to the extension of Long Stop Date in the Sale and Purchase Agreement. Capitalised terms used herein shall have the same meanings as those defined in the Circular unless stated otherwise.

The Board is pleased to announce that all the conditions precedent under the Sale and Purchase Agreement have been satisfied and Completion took place on 22 June 2018. Upon Completion, the Company ceased to own any equity interests in Best Volume. Each of Best Volume and its subsidiaries ceased to be a subsidiary of the Company and their results, assets and liabilities will no longer be consolidated into the financial statements of the Company.

By Order of the Board

Eternity Investment Limited

Lei Hong Wai

Chairman

Hong Kong, 22 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.