The foregoing Directors and Officers of the Company resigned as a result of a police investigation (the “PRC Investigation”) initiated by certain employees of the Company in The People’s Republic of China alleging violations of data privacy and unlawful forfeiture of personal electronics and email accounts arising out of the requests of the Audit Committee and its legal advisor in connection with the internal investigation disclosed in a Current Report on Form 8-K filed on April 10, 2018. The Company has responded to the PRC Investigation, which it now believes is moving onto the legal advisor handling the internal investigation on behalf of the Audit Committee of the Board of Directors.
Name: China Auto Logistics Cmn Symbol: CALI Status: Halt Started Market: NASDAQ Reason Code: T1 Reason: News Pending Halt Date: 07/17/2018 Halt Time: 06:55:24 EST Resume Date: Resume Quote Time: Resume Trade Time:
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