Tang Shaoyang was sitting across from the three Guild Masters from three different branches. He recognized two of them, The Sorcerer Guild Master - Hera, and The Raven Guild Master - Alves. The third one was the Chevalier Guild Master, and they got a new Guild Master.
After what Justen did previously, he lost his position as a guild master. He lost his position and also his mercenary rank, but the Mercenary Guild did not kick him out. Justen and his trusted people remained in the guild, but they got their rank reset.
Seven God Ranks started it from White Rank again, but that was lenient considering they almost killed two Grand Generals. Of course, the reason they got it off easily was because of Grand General Marko. If not for Grand General Marko, they would be kicked out from the Mercenary Guild. The guild would not want to be associated with a Grand General killer and war against a monarchy.