Clifford Modern Living Holdings Limited (Stock Code: 3686) disposed of 680,000 ounces of unallocated silver bullion in January 2026, categorizing the transaction as a major disposal under applicable listing rules. The Group completed two disposals through a licensed bank in Hong Kong, involving 400,000 ounces for RMB226.20 million on 9 January 2026 and 280,000 ounces for RMB161.70 million on 14 January 2026, amounting to total proceeds of RMB387.90 million.

According to the announcement, the disposals reflect an effort to realize increased value from the rising silver market. The Group expects to record aggregated unaudited profits of RMB43.80 million from the transaction in the 2026 financial year. Net proceeds of RMB85.70 million are scheduled for a final cash dividend for the 2025 financial year, RMB50.00 million for the repayment and payment of payables, RMB180.00 million for further investment in precious metals, and RMB72.20 million for general working capital. The transaction has obtained written shareholder approvals, fulfilling the major transaction requirements without convening a general meeting.