（中文 | English）

I. These Instructions apply to “auction of vehicle quotas of non-commercial passenger vehicles for private use”, and must be observed by all bidders.

II. Eligibility of Bidders: (Note: The name of buyer shown on the Passenger Vehicle Quota Certificate obtained after the auction and used for vehicle registration must be consistent with that shown on the invoice for vehicle purchase):

Bidders must hold the qualifications prescribed in Article 7 of the Regulations on the Management of Auction of Non-commercial Passenger Vehicle Quotas in Shanghai (the “Regulations”), and have their information to be verified by the Administrative Service Center of Shanghai Municipal Transportation Commission.

III. The auction will be held in the forms of online auction and auction by phone

1. Online auction: Open the browser on an Internet-connected computer, log in to the auction website (https://paimai.alltobid.com), and attend the auction through the online auction system provided by the auction enterprise and according to the Operating Procedures for Online Auction. Any bidder who wishes to log in again to and run the above auction system after logging out of the system during the course of the auction must enter his/her valid ID number used for auction registration.

2. Auction by phone: Dial (021) 16842828 or (021) 16882333, and attend the auction by phone according to the Operating Procedures for Auction by Phone.

3. Each bidder can attend the auction on one computer, one telephone or one mobile phone with one bidding paddle only.

4. Bidders should, within the time limit of auction specified in the auction announcement released by the auction enterprise, choose a method of auction at discretion with their Auction Password Envelope or their bidding paddles and passwords recorded in the APP, and should enter their accurate bidding paddles, passwords and bids as prompted on web pages or by phone voice prompts.

5. For auction by phone, the auction enterprise will adopt calling line identification restriction. Besides a mobile caller number to be provided by each bidder to the auction enterprise when the bidder applies for attending auction and registers for auction, the bidder may provide the auction enterprise with another caller number for mobile or landline calls. During the course of an auction by phone, only the bids placed via such two caller numbers will be accepted by the system, and each of such two calling numbers can win the bid for one passenger vehicle quota only in the same auction.

6. In consideration of limited telephone lines and in order to avoid busy lines caused by bidders’ improper operations that hinder bidders’ bidding, bidders should strictly follow the prompts when placing bids by phone, and should timely enter accurate information as prompted. In the event of failure to enter the information within 10 seconds after being prompted, or an interval of more than 10 seconds between two consecutive key presses, or 3 errors in entering the information as prompted during a call, the auction system will give a prompt and then automatically hang up bidders’ calls, and bidders need to redial to attend the auction.

7. To ensure fair and orderly online auctions, bidders should log in to online auction websites and attend online auctions through the designated online auction system in accordance with the Operating Procedures for Online Auction, and must not attend online auctions through any other software (including but not limited to auxiliary software and automated auction software) than that provided by the auction enterprise.

8. If a bidder places a bid during the course of auction through any software not provided by the auction enterprise, such bid placing will be deemed to be improper and unacceptable and be subject to the restrictions imposed by the auction enterprise at its sole discretion (including but not limited to suspension of bid and in the worst case, termination of auction).

9. Bidders must carefully read the auction announcement, auction instructions and operating procedures for auction prior to auction registration, and upon auction registration, will be deemed to have agreed and accepted all the information contained in and reflected by the auction announcement, auction instructions, online auction as an objective form of auction, auction-related images and texts, prompts and live audio and video signals transmitted from the auction system to the online auction system, and operating procedures for auction.

IV. Auction Registration

Each bidder must complete auction registration with his/her original identity documents according to the Regulations.

1. As required by the “Guidelines for Qualification Review for Attending Auction of Vehicle Quotas of Non-commercial Passenger Vehicles for Private Use”, each bidder can download SICA’s APP to apply for attending the auction, complete auction registration and obtain relevant bidding information (the obtained bidding paddle and password need to be timely and properly saved for later use in the auction), or submit his/her application for attending auction and complete auction registration at any of SICA’s physical offices and within the time limit specified in the auction announcement. While transacting the above matters, each bidder needs to pay an auction deposit of RMB 1,000 and obtain the Auction Password Envelope/electronic bidding document. The Auction Password Envelope/electronic bidding document obtained is not activated at the very beginning, and will be automatically activated after the bidder’s application for attending auction is reviewed and approved to allow the bidder to attend the corresponding auction. Each bidder needs to pay a commission of RMB 60 for each auction when the bidder pays the hammer price after winning the auction or when the bidder gets his/her auction deposit refunded after failing the auction.

2. For each auction, each bidder can register for auction once. One Auction Password Envelope/electronic bidding document can be used to bid on one passenger vehicle quota, and will remain valid for six months from the date of activation. If a bidder does not win the auction during the validity period, it is required for the bidder to neither re-apply for attending auction nor re-register for auction, and the Auction Password Envelope/electronic bidding document in hand can be further used in follow-up auctions for up to six times. If the bidder has participated in six auctions during said validity period or said validity period expires, then the bidder can, on SICA’s APP, re-apply for attending auction, re-register for auction and obtain relevant bidding information in accordance with the Regulations (the obtained bidding paddle and password need to be timely and properly saved for later use in the auction).

3. Any person who sells his/her “vehicle quota of in-use non-commercial passenger vehicle for private use” by auction must not apply for attending auction or register for auction within three (3) years.

V. System Prompts

During the course of auction, each bidder can enter his/her bidding paddle and password in the system to view real-time auction-related information (including but not limited to the current system time, current number of bidders, current reserve price, bid time for the reserve price, and database’s acceptable price range) as well as his/her own latest bid.

VI. Auction Principles (the highest bidder principle and the principle of time priority)

1. A bidder will have the last revised bid as his/her final bid if his/her revised bids are valid, or will have the first valid bid as his/her final bid if his/her revised bids are invalid.

2. The time when a valid bid is placed by a bidder is the time when the bid is received, processed, and recorded by the auction database.

3. A bidder’s competitiveness depends on his/her final valid bid and the time when his/her final valid bid is placed.

4. In the system, bidders will be sorted based on their final valid bids in a descending order, and those with the same final valid bids will be sorted and become successful bidders in order of their valid bid time entered in the auction database, with earlier bids taking precedence. After the announced bid deadline, the system will, subject to the supervision of the competent notary office and in compliance with the auction acknowledgement rules, sort bidders by bid price and by bid-placing time, reveal the received bids, and announce the auction results as soon as the received bids are confirmed as valid.

VII. Bidding

1. The auction will last for 60 minutes, with the first 30 minutes as the “first bid period” and the last 30 minutes as the “bid revision period”.

2. Bidders should place valid bids during the first bid period. The first bids, after being confirmed and submitted, will be in queued to be received and processed by the database which will show processing progresses, and after being processed, will be confirmed as valid or invalid. A bidder cannot rebid during the “first bid period” if he/she places a valid bid during such period, and is deemed to be absent from the auction if he/she places no bid or no valid bid during the “first bid period”.

3. A bidder placing a valid bid during the “first bid period” may revise his/her bid once or twice during the “bid revision period”. Bidders can revise their bids by pressing the increase or decrease button with a fixed increment or decrement on the client page, or by pressing the custom increment button to set a bid increment as needed, provided that the increment must be an integer multiple of RMB 100 and not greater than RMB 9,900. The revised bids, after being confirmed and submitted, will be queued to be received and processed by the database which will show processing progresses, and after being processed, will be confirmed as valid or invalid. For the “bid revision period”, a “database’s acceptable price range” is set. “Database’s acceptable price range” means the price range in which valid bids are accepted and processed by the database. The database’s acceptable price range for the auction is between the price RMB 300 lower than the reserve price and the price RMB 300 higher than the reserve price. The bid revised and submitted by a bidder will be queued to be received and processed by the database, and the database will, when processing the revised price, consider it valid if it is within the “database’s acceptable price range” or request for re-bidding if it is not within the “database’s acceptable price range” (since it takes certain time for the bid revised by the bidder to be queued and to be received and processed by the database, the bidder should thoroughly estimate and consider real-time changes in the “current reserve price” and “database’s acceptable price range” mentioned in the public information, and should revise his/her bid with due care).

4. Bidders must place bids in integer multiples of RMB 100. All bids must be placed in the currency of RMB.

VIII. Result Query

The auction results may be learned after the auction on the official website (http://www.alltobid.com), WeChat official account (shanghaiguopai) or APP of SICA, or by calling SICA’s customer service hotline (962227).

IX. Buyers Winning the Auction

Each buyer winning the auction should make the payment at and obtain the General Payment Receipt for Non-tax Revenue in Shanghai (Electronic) and the Passenger Vehicle Quota Certificate (which is non-transferable and is only usable within its validity period) from any of SICA’s physical offices within the time limit specified in the auction announcement. The buyer’s failure to make the payment and obtain the Passenger Vehicle Quota Certificate within said time limit will constitute the waiver of the deal and breach of contract on the part of the buyer, and as a result, will lead to no refund of the deposit paid by the buyer.

X. Bidders Failing the Auction

The Auction Password Envelope/electronic bidding document obtained by each bidder will remain valid for six months from the date of activation. If a bidder does not win the auction during the validity period, it is required for the bidder to neither re-apply for attending auction nor re-register for auction, and the Auction Password Envelope/electronic bidding document in hand can be further used in follow-up auctions for up to six times. If the bidder has participated in six auctions during said validity period or said validity period expires, then the bidder can, on SICA’s APP, re-apply for attending auction, re-register for auction, obtain relevant bidding information, get his/her auction deposit refunded, and pay commissions based on the actual number of auctions in accordance with the Regulations (the obtained bidding paddle and password need to be timely and properly saved for later use in the auction).

XI. Miscellaneous

1. Since the auction system uses a web browser, you’d better use the latest-version Microsoft Edge or Firefox for the Windows operating system or use the latest-version Safari for the MacX operating system, and not use tablet computers. To confirm whether the browser in your computer is appropriate, you can visit the simulated public test column at http://www.alltobid.com. You are advised to understand the online user manual before auction, and to call 962227 or visit the website http://www.alltobid.com to solve your doubt (if any).

2. Please keep a close eye on the changes in signal icons which indicate the network connection between your computer and the auction server. A full green bar indicates good network connection and unblocked data exchange; a gray bar with red dots indicates network disconnection and blocked data exchange. (Network disconnection is mainly caused by personal network and local real-time network status. In case of a gray bar with red dots, please promptly check your personal network and refresh the browser page for a new link).

3. You can click “View my latest bid” after bidding if you’re uncertain whether your bid is successfully placed.

4. If any of your operations in the course of auction is contrary to the applicable auction regulations including the instructions on auction, such operation will be considered inappropriate and improper and you have to solely take the consequences arising therefrom.