On February 23, 2022, Community Economic Capital LLC, (CED Capital), controlled by Frank I Igwealor sold its control block preferred stock of NW Tech Capital, Inc. (“NW Tech” or the “Company”), to Mr. Cedric Yengo, the owner of Optimum Lithium company. Subsequent to the sale, Mr. Frank I Igwealor who was the sole member of the Board and President, Secretary and Treasurer of the Company resigned from these positions. Mr. Yengo, the control shareholder of the Company took over all the positions that were previously held by Mr. Igwealor.

On February 24, 2022, following a change of control transaction that was completed on February 23, 2022, the company appointed Mr. Cedric Yengo as the sole member of the Board, Chairman, President, Secretary and Treasurer of the Company.