Auction Time ：

Auction Start and End time is subject to system time.

Proxy Bidding ：

You can enter an amount which is over the “Cur Price＋Bid Increment” amount, the system will record the amount you entered. When other buyers bid, the system will automatically increase your bid at minimum bid increment to ensure your leading position, until your highest bid is exceeded by other buyers.

Auction Delay ：

In the last five minutes of the auction, if there is a new bid, the system will automatically extent five minutes. if the auction end time is 21:00:00,when the auction is about to end, （such as 20：57：59）, the system will automatically extend five minutes, the auction end time will extend to 21：02：59, But if there are new bids in this five minutes, the system will again extend five minutes.

Note:When bidding a proxy price, the transaction time will not be extended for 5 minutes.