On August 25, 2022, Y. Tristan Kuo announced to the board of directors of Aerkomm Inc. that he was retiring from his position as Chief Financial Officer of the company, effective as of August 29, 2022. On August 29, 2022, the Company entered into an independent contractor agreement with Mr. Kuo pursuant to which he will assist and advise the Company during a short period of time until it transitions to a new chief financial officer.