Eternity Investment Limited announced in relation to the New Subscription Agreement pursuant to which the Company issued to the Subscriber guaranteed secured notes due 2023 in an aggregate principal amount of HKD 197,000,000 (the "New Notes"). Capitalised terms used herein and not defined shall have the same meaning as in the Announcement. As at the date of this announcement, the outstanding principal amount of the New Notes is HKD 196,000,000.

The maturity date of the New Notes falls on 23 September 2023. The Company is currently in negotiations with the holders of the New Notes (the "Holders") for a two-year extension to the maturity date of the New Notes. The Holders have informed the Company that they are informally agreeable to such extension subject to further due diligence.

The Company is currently in discussion with the Holders as to the formal terms and conditions for such extension.