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Please note the following information regarding the sale of Modern Chinese Painting and Calligraphy (II) for China Guardian's 2012 Spring Auctions:

1. Lot 1171: Li Keran, CROSSING THE CHANG JIANG RIVER, estimate price should be RMB 3,500,000-5,500,000

2. Lot1301: Lu Yanshao, LANDSCAPE, estimate price should be RMB 3,200,000-4,200,000.

3. Lot 1307: Qian Songyan, THE VIEW OF COUNTRYSIDE, estimate price should be RMB 300,000-400,000.

4. Lot 1355: Gao Jianfu, GRASS AND WILD-GEESE, with the asterisk.