TIANJIN, CHINA / ACCESSWIRE / June 8, 2016 / China Auto Logistics Inc. (the "Company" or "CALI") (NASDAQ: CALI), one of the top
sellers in China of luxury imported automobiles and a leading provider of auto-related services, announced today it has been
notified by the Nasdaq Listings Qualifications Department ("Nasdaq") that the Company is back in compliance with Nasdaq Listing
Rules following the May 27, 2016 election to the CALI board of two new independent directors. As described in CALI's 8-K filing on
May 27, 2016, the newly elected directors are Mr. Lv Fuqi and Mr. Bai Shaohua.
Mr. Tong Shiping, Chairman and CEO of the Company, commented, "We are most fortunate to have been able to attract to our Company
two highly accomplished individuals who surely will contribute to CALI's continuing success. I trust our shareholders join me and
our management team in welcoming Mr. Lv and Mr. Bai to our Board of Directors."
About China Auto Logistics Inc.
China Auto Logistics Inc. is one of China's top sellers of imported luxury vehicles. It also provides a growing variety of "one
stop" automobile related services such as short term dealer financing. Future growth is anticipated to come from expansion
throughout China of the Company's Auto Sales business as well as further growth in the Company's higher margin financing
services.
Information Regarding Forward-Looking Statements
Except for historical information contained herein, the statements in this press release are forward-looking statements that are
made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements
involve known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from
forecasted results. These risks and uncertainties include, among other things, product demand, market competition, and risks
inherent in our operations. These and other risks are described in our filings with the U.S. Securities and Exchange Commission. We
do not undertake any obligation to publicly update these forward-looking statements, whether as a result of new information, future
events or otherwise.
CONTACTS:
Ken Donenfeld DGI Investor Relations Inc. kdonenfeld@dgiir.com Tel: 212-425-5700 Fax: 646-381-9727
SOURCE: China Auto Logistics Inc.
