Prof. Hermann L?bbert, CEO of Biofrontera AG, has informed the Supervisory Board that he intends to leave the Management Board of Biofrontera AG prematurely. Prof. L?bbert had been appointed as a member and the Chief Executive of the company's Management Board until December 31, 2022. A service agreement with a corresponding term exists between Biofrontera AG and Prof. L?bbert. Prof. L?bbert may terminate this service agreement with six months' notice, provided that he simultaneously resigns from his position as a member of the Management Board and CEO, effective on the date of the termination of the agreement. Prof. L?bbert made use of the termination and resignation option and asked the Supervisory Board to release him from his duties at Biofrontera AG and the German subsidiaries as soon as feasible. Without a mutually agreed earlier resignation date, Prof. L?bbert would resign from the Management Board by the end of May 2022. Prof. L?bbert has also confirmed that he will continue to remain available to the Biofrontera Group, particularly through his obligations as Executive Chairman of Biofrontera Inc.