Clifford Modern Living Holdings Limited (3686) disclosed a new investment in approximately 800 ounces of allocated gold bullion at a consideration of HK$32.40 million (RMB28.80 million) on 23 February 2026. Settlement is expected on 25 February 2026, with payment to be made in cash. This investment follows earlier transactions involving 150,000 ounces of allocated silver bullion and 2,730 ounces of unallocated gold bullion.

According to the company’s announcement, the purchase is part of overall treasury management measures to diversify assets, safeguard liquidity, and maintain risk control amid prevailing economic uncertainties. The 800 ounces of allocated gold bullion can be physically delivered and held by Clifford Modern Living upon request, thereby reducing counterparty risk compared with unallocated holdings.

Under Chapter 14 of the Listing Rules, the aggregated consideration of all precious metals investments—encompassing the allocated gold, allocated silver, and unallocated gold bullion—exceeds 25% but is less than 100% of the company’s applicable percentage ratios. Consequently, the transactions constitute a major transaction and require reporting, announcement, and Shareholders’ approval. Written approval has been obtained from controlling shareholders, representing about 72.89% of Clifford Modern Living’s issued share capital. No Shareholders’ meeting will be held due to this written approval arrangement.

A circular for information purposes, including further details of these transactions and additional required information under the Listing Rules, is expected to be dispatched on or before 9 March 2026.