C M Holdings PLC advised that Mr. Alagarajah Rajaratnam has relinquished his position as Chairman of C M Holdings PLC with effect from 30th June 2022. However, Mr. Alagarajah Rajaratnam will continue to serve on the Board of CMH as a Non-Executive Director. Mr. S.D.R. Arudpragasam who functioned as Deputy Chairman has been appointed Chairman of C M Holdings PLC with effect from 1st July 2022.

Mr. S.D.R. Arudpragasam joined the Board of C M Holdings PLC in 1999 and was appointed Deputy Chairman in November, 2012 and as Chairman effective 1st July 2022. Further, whilst being associated with The Colombo Fort Land & Building Group of companies since 1982 and having served on the Board of The Colombo Fort Land & Building PLC (CFLB) since the year 2000 and as Deputy Chairman up to end June 2022 was appointed Chairman CFLB with effect from 1st July 2022. He also serves as Chairman, Lankem Ceylon PLC and Chairman/Managing Director of E.B. Creasy & Company PLC in addition to holding other Directorships within the CFLB Group.