Ascent Solar Technologies, Inc. announced that on September 21, 2022, Kong Hian Lee resigned from his position as Chief Executive Officer of the Company. Mr. Lee's resignation was not the result of any dispute or disagreement with the Company or the Company's board on any matter relating to the operations, policies or practices of the Company. The Company has commenced a search for a new CEO and expects to make an announcement regarding its new executive leadership in the near future.

In connection with Mr. Lee's resignation as CEO, the Company and Mr. Lee entered into a Separation Agreement and Release of Claims dated September 21, 2022 (the “Separation Agreement”).