Commercial Credit and Finance PLC write in pursuance of Section 08 of the Listing Rules of Colombo Stock Exchange the retirement of Mr. Cecil Perera, who was a Non-Executive Independent Director and who was also the Chairman of CCFP, with effect from 14th March 2020. Please note that the said retirement was in accordance with Section 4 (2) of the Finance Companies (Corporate Governance) Direction No. 03 of 2008 of Central Bank of Sri Lanka ("CBSL"). Please note that Mr. Perera did not hold any shares of CCFP. Further, the company also advise the appointment of Mr. Eugen Duliksha Pratharp Soosaipillai (Non-Executive, Independent Director) as the Chairman of Commercial Credit and Finance PLC in terms of the Finance Companies (Structural Changes) Direction No.01 of 2013 and the Finance Companies (Assessment of Fitness and Propriety of Directors and Officers Performing Executive Functions) Direction No. 03 of 2011 of CBSL. The company said appointment was effective pursuant to Mr. Cecil Perera stepping down from his Chairmanship on 10th March 2020.