On July 24, 2014, Albert Sigurdsson was appointed by the Board of Directors of Sollensys Corp. as a member of the board of directors of the Company. Mr. Sigurdsson has many years of experience in the marine industry and as a professional entrepreneur.

He worked for Neptune EHF as a Captain from 2011 through 2014. Mr. Sigurdsson also worked for Agentia EFH as a General Manager and Consultant from 2008 through 2011. He maintains an unlimited Captains license that he earned through the Technical and Marine Navigational College of Iceland.

On July 24, 2014, Mr. Frank Woo resigned his positions as President, CEO and Chief Financial Officer of the company and his resignation was accepted by the Board. On July 24, 2014, Mr. Seong M. Jeong resigned his position as Secretary and Treasurer of the company and his resignation was accepted by the Board. On July 24, 2014, Albert Sigurdsson was appointed by the Board to the positions of President, CEO, Chief Financial Officer, Secretary and Treasurer of the Company.

On July 24, 2014, Mr. Frank Woo resigned his positions as a director of the company and his resignation was accepted by the Board. On July 24, 2014, Mr. Seong M. Jeong resigned his position as a director of the company and his resignation was accepted by the Board.