Samsonite Group S.A. — Regulatory Filings 2017

Sep 15, 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)

DISCLOSABLE TRANSACTION PROVISION OF FINANCIAL ASSISTANCE RELATING TO THE EXTENSION OF REPAYMENT DATE OF LOAN

PROVISION OF FINANCIAL ASSISTANCE RELATING TO THE EXTENSION OF REPAYMENT DATE OF LOAN

Reference is made to the Announcement 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. Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

The Board announces that on 15 September 2017 (after trading hours of the Stock Exchange), the Supplemental Agreement was entered into between Hong Kong Builders and Customer R in relation to the Loan Extension, which is the extension of the repayment date of the Loan for six months from 15 September 2017 to 14 March 2018. Save and except for the Loan Extension, all the terms and conditions of the Loan Agreement remain unchanged and continue in full force and effect.

The summarised principal terms and conditions of the Loan Agreement are disclosed in the Announcement.

The Directors consider 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.

LISTING RULES IMPLICATIONS

As one of the relevant applicable percentage ratios (calculated in accordance with the Listing Rules) in respect of the Loan Extension is more than 5% but less than 25%, the Loan Extension constitutes a discloseable transaction of the Company under Chapter 14 of the Listing Rules and is only subject to the announcement requirement of the Listing Rules.

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PROVISION OF FINANCIAL ASSISTANCE RELATING TO THE EXTENSION OF REPAYMENT DATE OF LOAN

Extension of repayment date of loan

Reference is made to the announcement of the Company dated 15 September 2015 (the "Announcement") 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. Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

The Board announces that on 15 September 2017 (after trading hours of the Stock Exchange), a supplemental agreement (the "Supplemental Agreement") was entered into between Hong Kong Builders and Customer R in relation to the extension of the repayment date of the Loan for six months from 15 September 2017 to 14 March 2018 (the "Loan Extension"). Save and except for the Loan Extension, all the terms and conditions of the Loan Agreement remain unchanged and continue in full force and effect.

The summarised principal terms and conditions of the Loan Agreement are disclosed in the Announcement.

Interest accrued under the Loan Agreement (prior to the Loan Extension) has been fully repaid to Hong Kong Builders on 15 September 2017.

Reasons for and benefits 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.

The terms of the Supplemental Agreement are negotiated on an arm's length basis between Hong Kong Builders and Customer R. The Directors are of the view that the terms of the Supplemental Agreement are on normal commercial terms. Given that additional interest income is generated from the Loan Extension, the Directors consider 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.

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LISTING RULES IMPLICATIONS

As one of the relevant applicable percentage ratios (calculated in accordance with the Listing Rules) in respect of the Loan Extension is more than 5% but less than 25%, the Loan Extension constitutes a discloseable transaction of the Company under Chapter 14 of the Listing Rules and is only subject to the announcement requirement of the Listing Rules.

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

Hong Kong, 15 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.