On June 29, Tong Shiping resigned as a Director and Officer of China Auto Logistics Inc. Mr. Shiping was the Chief Executive Officer, President and Chairman of the Board. On June 29, Xinwei Wang resigned as a Director and Officer of the company. Ms. Wang was the Chief Financial Officer, Treasurer, Vice President and a Director.

On June 30, Jun Yu resigned as a Director and Officer of the company. Ms. Yu was the Senior Vice President and a Director.