Complex sentence: He holds a hand fan in one hand and in the other hand, a squarish handheld wooden sign bearing the words "Making a Clear Distinction Between Good and Evil" (善惡分明) or "Rewarding the Good and Punishing the Evil" (獎善罰惡).
Split into simpler sentences: He holds a hand fan in one hand and a squarish wooden sign in the other hand. The sign bears the words "Making a Clear Distinction Between Good and Evil" (善惡分明) or "Rewarding the Good and Punishing the Evil" (獎善罰惡).