Vallibel Finance PLC announced that Mr. Aravinda Dadigama, Independent Non Executive Director of the company completed his term of 9 years of service as a Director of the Company on September 15, 2023. Accordingly, in terms of Section 3.3 of the Finance Business Act (Corporate Governance) Directions No. 05 of 2021, Mr. Aravinda Dadigama ceased to be a Director of the Company effective from September 15, 2023.

Consequently, after having obtained the relevant regulatory approval under the Finance Business Act, Mr. Janaka Kumarasinghe, Independent Non Executive Director was re-designated as the Senior Independent Director with effect from September 16, 2023.