CALI WHAT A SCAM.WOW.Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 29, Tong Shiping resigned as a Director and Officer of China Auto Logistics Inc. (the “Company”). Mr. Shiping was the Chief Executive Officer, President and Chairman of the Board.
On June 29, Xinwei Wang resigned as a Director and Officer of the Company. Ms. Wang was the Chief Financial Officer, Treasurer, Vice President and a Director.
On June 30, Jun Yu resigned as a Director and Officer of the Company. Ms. Yu was the Senior Vice President and a Director.
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.
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SIGNATURE PAGE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: July 16, 2018
CHINA AUTO LOGISTICS INC.
By: /s/ Lv Fuqi
Name: Lv Fuqi
Title: Director
