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)

MONTHLY PROGRESS OF CONVERSION OF CONVERTIBLE BONDS OF CHINA STAR ENTERTAINMENT LIMITED AND

POSSIBLE DISPOSAL OF EQUITY INTEREST IN CHINA STAR ENTERTAINMENT LIMITED

Reference is made to the announcement of Eternity Investment Limited (the "Company") dated 18
February 2013 and the circular of the Company dated 11 June 2013 (the "Circular") relating to the conversion of bonus convertible bonds of China Star Entertainment Limited ("China Star") and the possible disposal of equity interest in China Star. Reference is also made to the poll results announcement of the Company dated 28 June 2013. Capitalised terms used in this announcement shall have the same meanings as those defined in the Circular.
As stated in the Circular, to keep the Shareholders and the investing public informed on the progress of the Disposal and the conversion of the Bonus CBs and the 8% CBs held by the Group, the Company will publish an announcement at the end of each month, starting from the end of the month on which the Disposal is approved by the Shareholders until all of the Disposable China Star Shares have been disposed of or the last day of the 12-month period from the date on which the
Disposal is approved by the Shareholders, whichever is earlier.

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The Directors would like to inform the Shareholders and the investing public that the progress of the Disposal and the conversion of the Bonus CBs and the 8% CBs during December 2013 are as follows:
A. CHINA STAR SHARES

Number of China Star Shares held by the Group as at

1 December 2013

0

Number of China Star Shares allotted and issued to the Group pursuant to the conversion of the Bonus CBs during the month


0

Number of China Star Shares allotted and issued to the Group pursuant to the conversion of the

8% CBs during the month


0

Number of China Star Shares disposed of by the Group during

the month


0

Number of China

Star Shares held by the Group as at

31 December 2013


0

Aggregate number of China Star Shares disposed of by the Group

during the period from the date of the SGM and up to 31 December

2013


2,048,334,650

B. THE BONUS CBs

Principal amount of the Bonus CBs held by the Group as at

1 December 2013

Principal amount of the Bonus CBs converted into China Star Shares by the Group at an initial conversion price of HK$0.01 per China Star Share during the

month

Principal amount of the Bonus CBs held by the Group as at

31 December 2013

Number of China Star Shares allotted and issued to the Group pursuant

to the conversion of the Bonus CBs

during the month

Number of China Star Shares which may be allotted and issued to the Group pursuant to the conversion of the Bonus CBs as at

31 December 2013

HK$0 HK$0

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HK$0 0 0
C. THE 8% CBs

Principal amount of the

8% CBs held by the

Group as at

1 December 2013

HK$225,000,000

Principal amount of the 8% CBs converted into China Star

Shares by the Group at an adjusted conversion

price of HK$0.11 per China Star Share during the month


HK$0

Principal amount of the 8% CBs held by the Group as at

31 December 2013


HK$225,000,000

Number of China Star Shares allotted and issued to the Group pursuant to the conversion of the 8% CBs during the month


0

Number of China Star Shares which may be allotted and issued to the Group pursuant to the conversion of the 8% CBs as at

31 December 2013


2,045,454,545

By Order of the Board
Eternity Investment Limited
Lei Hong Wai
Chairman
Hong Kong, 2 January 2014
As at the date of this announcement, the Board comprises three executive Directors, namely, Mr. Lei Hong Wai, Mr. Cheung Kwok Wai, Elton and Mr. Chan Kin Wah, Billy; one non-executive Director, namely, Mr. Cheung Kwok Fan; and three independent non-executive Directors, namely, Mr. Wan Shing Chi, Mr. Ng Heung Yan and Mr. Wong Tak Chuen.

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distributed by