On October 21, 2013, Mr. Seong Mo Jeong was appointed by the Board of Directors of Sollensys Corp. to the positions of Director, and Secretary & Treasurer of the company. Mr. Jeong has an extensive career in sales & marketing and is currently Sollensys Corp.'s Director of Planning & Management, a position he has held with the company since 2011.

From 2001 to 2011, Mr. Jeong was General Manager of Samsung Life Insurance Corp.'s Marketing and Sales Division; and prior to that position, Mr. Jeong was Manager of Samsung's Department of Education from 1996 to 2001. There were no arrangements or understandings between Mr. Jeong and any other persons pursuant to which Mr. Jeong was named as a Director, and as Secretary & Treasurer, of the company. Effective October 21, 2013, simultaneous with the appointment of Mr. Jeong, Mr. Frank Woo resigned his position as Secretary and Treasurer of the company in favour or Mr. Jeong and this resignation was accepted by the Board.

In regard to Mr. Woo's resignation, there was no disagreement with the company relating to its operations, policies or practices. A copy of this Report was provided to Mr. Woo by the company prior to filing and Mr. Woo did not provide, and indicated to the Company that he does not plan to provide, any correspondence to the company regarding this filing.