On December 10, 2017, Cheng Weihong, a director and the Senior Vice President of China Auto Logistics Inc. announced her resignation from her position as Senior Vice President and from the company's board of directors, effective as of the appointment of her respective successor. Ms. Cheng will continue with the company in a non-executive capacity as an assistant to Tong Shiping, the Chief Executive Officer and President of the company. On December 13, 2017, to fill the vacancies created by the resignation of Ms. Cheng, the Board (effective as of December 13, 2017) elected Yu Jun as a member of the Board until the next annual meeting of the stockholders of the company or until her earlier resignation or removal; and appointed Ms. Yu to the office of the Senior Vice President of the company until the earlier election and qualification of her successor or until her earlier resignation or removal. Ms. Yu will not serve on any committee of the Board. Ms. Yu has been serving as a Vice President (Human Resources and General Administration) of the company since 2011. From 2007 to 2011, Ms. Yu served as the company's Administration Officer and from 2003 to 2007, she served as the company's Human Resources and Administration Supervisor.