Leo Motors Factory, Inc. announced that it has entered into an equity acquisition agreement for a private placement of 200,000 common shares at a price of 500 KRW for gross proceeds of 100,000,000 KRW with new investor Leo Motors, Inc. on March 31, 2015. As part of the transaction, the investor has acquired of the outstanding common stock of the company. The transaction has received approval from the board of directors of the company.