Clifford Modern Living Holdings (3686) reported a new investment in approximately 150,000 ounces of allocated silver bullion on 11 February 2026, valued at around HK$98.1 million (RMB87.1 million). According to the announcement, this purchase was undertaken through a licensed bank under the Banking Ordinance and is scheduled for completion on 13 February 2026.

The funds for this acquisition were drawn from the RMB387.9 million proceeds generated by the disposal of 680,000 ounces of unallocated silver bullion in January 2026. In addition, the company’s earlier transactions include four batches of gold investments totaling 2,730 ounces of unallocated gold bullion. Aggregating the silver and gold investments triggers a major transaction under Chapter 14 of the Listing Rules, given that the highest applicable percentage ratio exceeds 25% but remains below 75%.

Clifford Modern Living Holdings indicated that its controlling shareholders, holding approximately 72.89% of the issued share capital, have provided written approval in accordance with Rule 14.44 of the Listing Rules. As a result, no general meeting is required. A circular containing further details is expected to be dispatched on or before 9 March 2026.