Nano Labs Corp. announced that Dr. Victor Castano has resigned as Chairman, Member of the Board of Directors, and Chief Technology Officer of the company for personal reasons, effective March 4, 2014. Dr. Victor Castano's resignation is not the result of any disagreement with the Company on any matter relating to its operation, policies (including accounting or financial policies) or practices.

The Board of Directors hereby ratifies, confirms and appoints Bernardo Camacho Chavarria as the Chairman of the Board of Directors. The company intends to appoint a new Chief Research and Development Officer in the near future, with several candidates already under review.