Please note

(1) All auction activities held by Zhejiang Derong Auction Co., Ltd. are conducted in accordance with the auction rules attached to the catalog. All parties involved in the auction activities must carefully read and abide by these rules.

(2) In accordance with the requirements of the cultural relics authorities, our company no longer marks items prohibited from export with a "※". Buyers must seek professional advice before bidding to ensure that the auction items meet the legal requirements for import and export. If the cultural relics are to be transported out of the country, the buyer must independently handle the procedures for the export review of cultural relics in accordance with the law.

(3) Our company specifically declares that it cannot guarantee the authenticity, quality, and value of the auction items and assumes no liability for defects in the auction items. Bidders should personally inspect the original items. If you wish to further understand the status and other relevant information of the auction items, please consult our business personnel or request relevant materials.

(4) If the bid is successful, the buyer must pay the hammer price and a commission equivalent to 15% of the hammer price, as well as other expenses, to Zhejiang Derong Auction Co., Ltd. within 30 days of the auction closing date, and collect the auction items (packaging and handling fees, transportation insurance fees). If the buyer fails to pay in full by the deadline, the bidding deposit will not be refunded, and the buyer shall also bear the corresponding responsibilities as stipulated in the company's auction rules.

(5) If you entrust others to pay the deposit or purchase price, you must provide a copy of the payer's identity document and a "Payment Confirmation Form".

(6) * If you need an invoice, please follow these rules:

① Invoices must be issued in the month of payment;

② The "recipient" on the invoice must match the "buyer's name". To issue a full-amount invoice, the buyer must pay the full amount for the item;

③ Complete invoicing information must be provided for invoicing;

④ For individuals bidding on behalf of a company, if a company invoice is required:

⑴ Full payment must be made via the company's account.

⑵ Specify the remittance purpose when remitting funds, e.g., payment for item No. XXX of the XX auction or payment for Lot XXX of the XX auction.

⑶ Provide the original signed "Authorization Letter" and related documents issued by the unit to our company no later than the settlement month.

Please mail the relevant documents for invoicing to:

Company Address: A2045 Derong Auction, Second Floor, Ningbo Antique City, 499 Lianfeng Middle Road, Ningbo

Contact Number: 0574-83897862

(7) The copyright of this catalog belongs to Zhejiang Derong Auction Co., Ltd. No part of this catalog may be reproduced or used in any form without the written permission of our company.

(8) Auction Bidding Increments

① Regular Auction Bidding Increments

② Postage Stamp and Coin Bidding Increments

③ Wine Auction Bidding Increments

Bidding Process

I. Bidders must present valid identification documents at the offline auction site or the synchronous bidding applet platform to sign the bidding agreement;

II. Pay the deposit (the deposit amount will be adjusted from time to time according to different sessions, and the amount announced before each auction will prevail) to receive the bidding number and auction catalog;

III. Attend the auction with the bidding number and bid on the items;

IV. Successful bidding → Sign the "Transaction Confirmation Form" on site → Payment → Collection of items

Unsuccessful bidding → Return the deposit with the bidding number, valid identification document, and payment receipt.