On December 30, 2017, the Board of Directors of Aerkomm Inc. by unanimous written consent appointed Mr. Jeffrey Wun as President and Chief Executive Officer of the company, effective December 31, 2017. Mr. Chiou, the company's former President and CEO, agreed to step down from these positions by mutual consent, effective December 31, 2017. Mr. Chiou will remain as a consultant to the company for a period of six months.

In this unanimous written consent, the Board confirmed that Mr. Y. Tristan Kuo would continue as the Chief Financial Officer of the company, and that Mr. Jan-Yung Lin would continue as the Secretary of the company.