Samsonite Group S.A. — Regulatory Filings 2017

Sep 20, 2017

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)

SUPPLEMENTAL ANNOUNCEMENT IN RESPECT OF THE DISCLOSEABLE TRANSACTION PROVISION OF FINANCIAL ASSISTANCE RELATING TO THE EXTENSION OF REPAYMENT DATE OF LOAN

References are made to the announcements of Eternity Investment Limited (the "Company") dated 15 September 2015 and 15 September 2017 (the "Announcements") in relation to the granting of the Loan in the principal amount of HK$50.00 million to Customer R for a term of two years from the date of drawdown and the extension of repayment date of the Loan. Capitalised terms used in this announcement shall have the same meanings as those defined in the Announcements.

The Company would like to provide the following supplemental information to the shareholders of the Company and potential investors.

INFORMATION ON CUSTOMER R

Customer R is an individual who is a merchant. To the best of the knowledge, information and belief of the Directors having made all reasonable enquires, Customer R is a third party independent of the Company and its connected parties (as defined in the Listing Rules).

INFORMATION ON THE GROUP AND HONG KONG BUILDERS

The Company is an investment holding company and its subsidiaries are principally engaged in sale of financial assets, property investment, money lending, and design and sale of jewelry products.

Hong Kong Builders is a licensed money lender in Hong Kong under the Money Lenders Ordinance. Hong Kong Builders conducts money lending business in Hong Kong through the provision of secured and unsecured loans to customers.

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REASONS FOR AND BENEFIT OF THE LOAN EXTENSION

As money lending is one of the principal activities of the Group, the provision of loans and the extension of repayment dates of loans are in the ordinary and usual course of business of the Group.

At the request of Customer R, Hong Kong Builders and Customer R negotiated for an extension of the repayment date of the Loan. Having considered the financial background of Customer R, the interest payment history of Customer R and the additional interest income of HK$2.00 million to be generated to Hong Kong Builders from the Loan Extension, the Supplemental Agreement was entered into between Hong Kong Builders and Customer R in relation to the Loan Extension as the Directors have considered that the Loan Extension under the Supplemental Agreement is fair and reasonable and in the interests of the Company and its shareholders as a whole.

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

Hong Kong, 20 September 2017

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.