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4. CONDITIONS PRECEDENT FOR Registration Form and the specified deposit should be valid and updated. The company
reserves the right to validate the information if
or other required documents before the said
BIDDING deadline. necessary. Moreover, the company shall not be

（5.5） Deposit for written absentee bids is held responsible for any losses caused by the
failure to contact the online bidder by using

（4.1） Bidders must satisf y the following HK$300,000. Deposit for written absentee bids the contact information recorded in the above
conditions precedent prior to or on the of lots marked is HK$5,000,000. bidding platform.
Auction Day before they become eligible

to participate in the bidding. Despite the （7.5）The method of confirming online bidding
above, the Company has discretion to refuse 6. TELEPHONE BIDDING is the same as the method of confirming
any person’s participation in the bidding and bidding in on-site auction, that is, after the
reserves its power to lay down and amend the hammer comes down, the highest online bid

qualifications for bidding from time to time: （6.1）In case that the Bidder cannot attend the or on-site bid is accepted and the sale contract
auction in person, the Bidder may bid on the is established.
1. Submit to the Company a duly completed telephone, and submit a Telephone Bidding

and signed Bidder’s Registration Form; Registration Form to appoint the Company to （7.6）The company reserves the right to reject
bidders’ online bidding applications without
2. For Bidders who are natural persons, bid on his behalf. The Company may accept giving any reasons. Regardless of whether the
submit an identification document or decline the appointment. For successful written decision of refusal is delivered to the
(affixed with photograph) issued by the telephone bids, the Company will charge the bidder, the company shall not be held liable.
relevant government department and a Purchaser’s Commission from the Purchaser
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proof of residential address; on top of the hammer price of each lot, being （7.7）f the bidding fails or there are any losses
20% of the hammer price below HK$5,000,000; due to the following reasons, the company will
3. For Bidders who are companies or other 18% of the hammer price reaching HK not bear any responsibility.
organizations, its agent to submit its $5,000,000 and up to $19,999,999; 15% of the
current valid registration document, hammer price reaching HK$20,000,000 and 1. During online bidding, the company
certification on shareholders and above HK$20,000,000. or the bidder’s network connection is
authorization letter; interrupted;
（6.2） In the course of the auction, the 2. The online bidding software malfunctions;

4. Submit other information that the Company will endeavour to contact the Bidder
Company reasonably requires (including with the information provided by him in the 3. Any Internet connection, computer,
information of the bank account that Telephone Bidding Registration Form. The mobile device or system malfunctions or
is used for payments or other financial bidding instructions received by the Company has any problems;
proof); and from the contact information provided in the 4. Any errors caused by the quality of digital
5. Bidders who participates the auction in Telephone Bidding Registration Form shall be images;
person should pay a deposit of HK$150,000 deemed as instructions from the Bidder. The 5. Operation errors of bidders in the bidding
by cash（Limit to HK$80,000 or below） , Bidder shall be legally liable for his instructions. process;
cheque, bank draft, wire transmission or （6.3）Under all circumstances, the Company

credit card. Bidder will need to register a will not assume any responsibilit y for 6. Delay in receiving information caused by
special paddle for lots marked .Upon unsuccessful bids, or the occurrence of network delay.
registration, bidder should pay a deposit of any error or omission during the telephone 7. The bidder fails to place a bid caused by
HK$5,000,000. bidding. online payment failure or the remitted

（6.4） Application for telephone bidding amount has not confirmed by the
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（4.2）In case that the Company reasonably is closed on [7 September 2022]. The company.

considers that the behaviour of a Bidder may Company does not assume any responsibility （7.8）Af ter the online bidder succeeds in
adversely affect proceedings of the auction, for a Bidder who has been declined to bidding, the company will notify the bidder
the Company is entitled to refuse to register participate in the auction due to his failure of the result as soon as possible. The sale
for the Bidder or cancel his registration. to submit the said Registration Form and the contract is established when the auctioneer
specified deposit or other required documents brings down the hammer, and the online
before the said deadline. bidder shall not cancel the sale contract for
5. WRITTEN ABSENTEE BIDS （6.5） Deposit for telephone bidding is any reason.

HK$300,000. Deposit for telephone bidding （7.9）The company has the right to disable the

（5.1）In case that the Bidder cannot attend the of lots marked is HK$5,000,000. bidding power of online bidders at any time

during the bidding process.
auction in person, he may bid in writing and （6.6）To ensure the accuracy of telephone

submit an Absentee Bids Registration Form bidding, the Company is entitled to record
to appoint the Company to bid on his behalf. the telephone bidding under specif ic 8. RESERVE AND ESTIMATED PRICE
The Company may accept or decline the circumstances. The Company is subject to
appointment. For those successful written confidentiality obligations for the information
absentee bids, the Company will charge the obtained in such recordings, subject to the （8.1） Unless otherwise stipulated, all the

Purchaser’s Commission from the Purchaser Company’s right of disclosure to third parties auctions of the Company are subject to
on top of the hammer price of each lot, being under Clause 21. a reserve. If no Bidder offers a bid or the
20% of the hammer price below HK$5,000,000; bids offered are lower than the reserve, the
18% of the hammer price reaching HK Auction Article will not be sold. Under all
$5,000,000 and up to $19,999,999; 15% of the 7. ONLINE BIDDING circumstances, the Company assumes no
hammer price reaching HK$20,000,000 and responsibility for the fact that there has been
above HK$20,000,000. no bid or that the bids offered are lower than
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（5.2）In a written absentee bid, if two or more （7.1）n general, bidders should personally the reserve.

Bidders bid for the same Auction Article with attend the auction. If you cannot join the （8.2）The Company is entitled to determine

the same price on which the sale of that auction, please bid online. the reserve with the Seller. For Auction
Auction Article is concluded, the Company has （7.2）Bidders who wish to bid online shall Articles without reserves, the Auctioneer will

sole discretion to sell the Auction Article to the complete bidding registration and shall follow determine the first offer price. Neither the
Bidder who has submitted the Absentee Bids the instructions of the company.. reserve nor the first offer price can exceed the
Registration Form earlier. estimated price announced by the Company

（5.3）Under all circumstances, the Company （7.3）Bidders who wish to bid should pay before the auction.

a deposit. The above deposit should be
will not assume any responsibilit y for remitted to the company's designated account （8.3）The Company is entitled to determine

unsuccessful bids or the occurrence of any or the bidder can make online payment with the estimated price of the Auction Article, and
error or omission in a written absentee bid. the company accepted credit card. If the amend the estimated price from time to time.

（5.4）Application for written absentee bids is company does not receive the deposit from All estimated prices are for reference only and
closed on [7 September 2022]. The Company the bidder, the bidder fails to bid online. not legally binding and shall not be treated as
th
does not assume any responsibility for a Bidder （7.4）Bidders who apply for online bidding a forecast of the Hammer Price.

who has been declined to participate in the must fill in the required information during
auction due to his failure to submit the said registration procedures. The information
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