Panagiotis Drakopoulos resigned as Treasurer (CFO) and Director of Cosmos Holdings Inc., effective January 13, 2014. His letter did not indicate any disagreement with management and stated specifically that his resignation was due to personal reasons. Konstantinos Vassilopoulos resigned as Secretary and Director of the company, effective January 13, 2014.

His letter did not indicate any disagreement with management and stated his resignation was due the fact that the agreement had with the company expired last week. Effective January 13, 2014, Dimitrios Goulielmos, President and Director will become Acting Principal Financial Officer and Principal Accounting Officer. Effective January 13, 2014, Demetrios G. Demetriades was elected as Secretary and Director of the company.

Demetriades since January 2003 has been Director of Highlander Spring Trading Ltd. As a member of the board, Demetriades contributes the benefits of his trading, executive leadership and management experience.