VIPSHOP HLDGS LTD

Ticker: VIPS CUSIP: 92763W103 Class: Foreign Stock

MARVIN & PALMER ASSOCIATES INC's Holding History (CIK: 0000860645)

Note: Option positions (PUT/CALL) are excluded.

Q1 2015

Shares 98,500 Value ($000) $2,900 Avg Close — Range —

Q1 2014

Shares 1,400 Value ($000) $209 Avg Close — Range —

Q4 2013

Shares 21,300 Value ($000) $1,782 Avg Close — Range —

Q3 2013

Shares 21,500 Value ($000) $1,221 Avg Close — Range —

Q2 2013

Shares 28,200 Value ($000) $822 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2015	98,500	$2,900	—	—
Q1 2014	1,400	$209	—	—
Q4 2013	21,300	$1,782	—	—
Q3 2013	21,500	$1,221	—	—
Q2 2013	28,200	$822	—	—