CLIFFORD Modern Living Holdings Limited (CLIFFORDML) has executed a third tranche of its precious-metal strategy, agreeing on 10 April 2026 to acquire approximately 70,600 ounces of allocated silver bullion for HK$42.90 million (RMB37.60 million). Settlement is scheduled for 14 April 2026, funded entirely by internal resources.

The latest purchase (“Third Silver Investment”) follows two earlier silver allocations of 150,000 ounces and 80,300 ounces completed in February and March 2026 respectively. When combined with three batches of allocated gold (1,600 ounces) and four batches of unallocated gold (net 1,230 ounces currently held), the aggregated consideration of all nine investments exceeds the 25 percent threshold under Chapter 14 of the Hong Kong Listing Rules, reclassifying the series as a major transaction.

Regulatory mechanics • Stand-alone: The Third Silver Investment triggers a discloseable transaction (5% – <25% ratios). • Aggregated: Under Rule 14.22, grouping all related precious-metal trades raises the highest percentage ratio above 25% but below 100%, necessitating shareholder approval. • Approval status: Written consent has been secured from controlling shareholder Ms. Man Lai Hung and her wholly owned Elland Holdings, together holding 72.89% of issued shares. No general meeting will be convened.

Strategic and funding context • Treasury focus: CLIFFORDML positions precious metals as long-term, low-risk stores of value amid macroeconomic uncertainty and RMB liquidity management. • Capital allocation: Management has capped cumulative precious-metal exposure at RMB400.00 million—RMB180.00 million from prior silver disposals and RMB220.00 million from internal funds. • Liquidity safeguards: Approximately RMB72.20 million of proceeds from earlier silver disposals remains ring-fenced for 2026–2027 working-capital needs.

Current holdings post-transaction • Allocated silver bullion: ~300,900 ounces • Allocated gold bullion: ~1,600 ounces • Unallocated gold bullion: 1,230 ounces • No unallocated silver positions remain.

Risk controls The finance department conducts monthly valuation reviews. Alerts are triggered at 5% unrealised gain/loss thresholds, with mandatory Board review at ±30%. Investment proposals and disposals require full Board approval following predefined internal controls.

Investor communication A circular detailing all precious-metal investments will be dispatched on or before 24 April 2026 for shareholder information, fulfilling Listing Rule requirements.