Only after finishing off Overwhelming Smile’s expert party did Shi Feng begin to loot the items they had dropped.
Since Overwhelming Smile and Zero Wing had labeled each other Hostile Guilds, none of the members of either Guild would receive any Crime Value when killing each other. However, aside from slaughtering the members of Zero Wing, the expert parties of Overwhelming Smile also frequently killed players who possessed high quality equipment, resulting in them becoming Red Names.
As Red Names, the penalty they received for dying multiplied, resulting in them dropping an abundance of items when they died.