On July 17, 2014, the Board of Directors of Leo Motors Inc. appointed Mr. Jeong Youl Choi to serve as the company's Chief Financial Officer. Mr. Choi currently serves as a member of the Company's Board of Directors. On July 23, 2014, the Board of Directors of the Company appointed Mr. Jun Hee Won and Mr. Seok Heo to each serve as members of the Company's Board of Directors.

Mr. Jun Hee Won joined the Company in 2007 and served as a research engineer until 2010. Mr. Seok Heo founded and served as Chief Executive Officer of Summer Rain Communication Co. Ltd. From 2011 until the present time Mr. Heo worked as a freelance programmer.