On July 30, 2017, Jason Kon Man Wong resigned as an independent director of China Lending Corporation and as Chairman of the company's Audit Committee and member of the company's Compensation Committee and Corporate Governance and Nominating Committee. Mr. Wong will continue to serve the Company as a consultant going forward. John Chen has been appointed to fill the vacancy as an independent director, Chairman of the Company's Audit Committee and member of the Company's Compensation Committee and Corporate Governance and Nominating Committee created from Mr. Wong's resignation. Mr. Chen is a California Certified Public Accountant. Mr. Chen has been the Chief Financial Officer of General Steel Holdings Inc. since May 2004.