On September 16, 2018, the Board of Directors of Aerkomm Inc. at a special telephonic meeting of the Board increased the size of the Board from six members to seven members and appointed Mr. Richmond Akumiah as the Company’s seventh director, effective September 17, 2018, to serve until his successor is duly elected and qualified. From 2014 to 2018, Mr. Akumiah was a research consultant for WorldQuant LLC. Prior to that, from 2007 to 2014, Mr. Richmond was employed as a consultant for Wolters Kluwer. Prior to Walters Kluwer, Mr. Akumiah was employed in a number of positions in various financial management capacities. Mr. Akumiah has also served as Chief Financial Officer of Hands On Network. Mr. Akumiah is an associate member of the American Society of Civil Engineers.