Samsonite Group S.A. — Share Issue/Capital Change 2021

Jun 4, 2021

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)

GRANT OF SHARE OPTIONS

This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Exchange").

On 4 June 2021, the board of directors (the "Board") of Eternity Investment Limited (the "Company") resolved to grant a total of 171,760,000 share options (the "Share Options") to the eligible grantees under the share option scheme of the Company adopted on 12 December 2011 (the "Share Option Scheme"). Subject to acceptance of the eligible grantees, the Share Options will entitle the eligible grantees to subscribe for a total of 171,760,000 ordinary shares of HK$0.01 each (the "Share(s)") in the share capital of the Company.

Details of the Share Options granted are as follows:

Date of grant : 4 June 2021

Exercise price of the Share Options granted : HK$0.298 per Share, which is the highest of (i) the closing price of HK$0.295 per Share on the Exchange as shown in the daily quotations sheet of the Exchange on 4 June 2021; (ii) the average closing prices of HK$0.298 per Share as shown in the daily quotations sheets of the Exchange for the five business days immediately preceding 4 June 2021; and (iii) the nominal value of the Share of HK$0.01 on 4 June 2021

Number of the Share Options granted : 171,760,000

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Closing price of the Shares on the date of grant : HK$0.295 per Share

Validity period of the Share Options granted : Exercisable from 4 June 2021 to 3 June 2024

Among the Share Options granted, 15,200,000 Share Options were granted to the directors, chief executive, and substantial shareholders of the Company with details as follows:

Name of the eligible grantees	Relationship with the Company	Number of the Share Options granted
Mr. Lei Hong Wai	Executive director, Chairman of the Board, and substantial shareholder	3,800,000
Mr. Cheung Kwok Wai Elton	Executive director, and substantial shareholder	3,800,000
Mr. Chan Kin Wah Billy	Executive director	3,800,000
Mr. Cheung Kwok Fan	Executive director, and substantial shareholder	3,800,000

Save as disclosed above, none of the eligible grantees is a director, chief executive or substantial shareholder of the Company, or any of their respective associates (as defined in the Listing Rules).

The grant of the Share Options to the above directors, chief executive and substantial shareholders of the Company has been approved by the independent non-executive directors of the Company in accordance with Rule 17.04(1) of the Listing Rules and the terms of the Share Option Scheme.

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

Hong Kong, 4 June 2021

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.