China Auto Logistic Inc. announced that Mr. Jin Yan, 46, has been appointed Chief Operating Officer of the company, replacing Mr. Li Yangqian, who resigned the position with no disagreement concerning any matter relating to the company's operations, policies or practices. Additionally, following the resignation of Mr. Yang Bin, a member of the Board and Senior Vice President of the company, and Board members Gao Yang, Qu Zhong and Kong Xiaoyan, whose resignations did not result from any disagreements with the Company concerning its operations, policies or practices, the Board of Directors elected four new Board members. The new independent directors are: Mr. Zou Baoying, who will serve on the Board's compensation, nominating and corporate governance committees; Mr. Wang Wei, who will serve on the Board's audit, compensation, nominating and corporate governance committees; and Ms. Yang Lili, who will serve on the Board's audit, compensation, nominating and corporate governance committees. Also named a director was Ms. Wang Xinwei, the Chief Financial Officer of the company. Each of the new directors will serve until the next annual meeting of shareholders and until a successor is elected and qualified.