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For clients who wish to bid on Chinese Painting and Calligraphy, are required to deposit RMB ONE MILLION (RMB1,000,000) and obtain a shape paddle. The shape paddle is also valid for bidding on auction lots of other categories, except stamps, coins, banknotes items.

In the payment of any purchase made by the Buyer during the China Guardian 2013 Autumn Auctions, before and up to and including the 5th of December 2013, the commission of the Buyer will be charged 13.5% of the hammer price, and from the 6th of December and up to and including the 20th of December, the commission of the Buyer will be charged 14% of the hammer price. This preferential policy will terminate on the 21th December. Any deduction between the Buyer’s payment and the Seller’s payment shall not apply to this preferential policy. The Buyer may not collect the Lot without full payment.

Please be noted the following information regarding the sale of Chinese Oil Painting and Sculpture for China Guardian 2013 Autumn Auctions:

1.Please be noted the estimate price for Lot 163 Pan Dehai "Separating Corn Series • Back Hills" should be RMB 180,000-280,000.

2.Please be noted the estimate price for Lot 164 Pan Dehai "Separating Corn Series • Corn in August" should be RMB 180,000-280,000.

3.Lot 57 Luo Erchun “Landscape” & Lot 129 Ai Minyou “Auspicious Snow” have been withdrawn.

2013/11/16