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China Auto Logistics Signs Non-Binding Letter of Intent to Acquire the Airport International Automall in Tianjin

May 20, 2013

TIANJIN, CHINA--(Marketwired - May 20, 2013) - China Auto Logistics Inc. (the "Company") (NASDAQ: CALI), a top seller in China of luxury imported automobiles, a leading provider of auto-related services, and developer and operator of a leading automobile portal and auto-related websites, announced today that a wholly owned subsidiary of the Company has signed a non-binding Letter of Intent (the "LOI") to acquire and operate the Airport International Automall, a 26,000 square meter vehicle sales and exhibition center located in the heart of the Tianjin Airport Economic Area adjacent to a number of top 4S shops (auto dealerships) in Tianjin. The port city of Tianjin is one of China's major automobile import and sales centers, where the Company also manages the city's largest imported vehicle auto mall.

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