China Auto Logistics Inc. announced it has signed a twenty year Strategic Cooperation Agreement with a leading leasing and development company for China's auto dealers, aimed at jointly developing an e-commerce based high-end imported auto sales and related services business in China, supported by a chain of auto malls to be built or acquired throughout the country. The partners to the agreement are CALI subsidiary Tianjin Binhai Shisheng Trade Group Co., Ltd, and Tianjin Binhai International Automall Co. Ltd., which owns the International Automall in Tianjin that was successfully managed by CALI until the recent acquisition by CALI of the Airport International Automall in Tianjin.

The companies said their decision to move ahead was boosted by the recent announcement by China's State Administration for Industry and Commerce (SAIC) of new policies to regulate the distribution of imported vehicles in China. The Companies believe the new policies create a significant new growth opportunity for them by essentially freeing them up to sell any brand of imported cars they desire.