Clifford Modern Living Holdings Limited provided earnings guidance for the year ended 31 December 2020. For the year, the company expected to the unaudited consolidated net profit to record an increase by more than 30% as compared to that for the corresponding period in 2019. The increase was mainly attributable to the fair value gain on investment in silver bullion of approximately RMB 35.8 million recorded for the year ended 31 December 2020.