Delfi Limited announced that Mr. Pedro Mata-Bruckmann ("Pedro") will step down as the Chairman of the Board upon the conclusion of the Annual General Meeting to be held on 23 April 2024. Upon his stepping down as Chairman of the Board and re-election as a Director of the Company at the AGM, Pedro will be re-designated as a Non-Executive Non-Independent Director, and member of the Nominating Committee and the Market, Sustainability and Strategy Committee. The Board and management look forward to Pedro's continued contributions with his extensive experience in the cocoa and chocolate industries.

Mr. Doreswamy Nandkishore, who is an independent Director will be appointed as the Chairman of the Board with effect from the conclusion of the AGM. Following the conclusion of the AGM the following changes will be made: Mr. Doreswamy Nandkishore will be appointed as a Chairman of the Board; Mr. Graham Nicholas Lee will be appointed as a member of the Remuneration Committee; Upon re-election as a Director of the Company at the AGM, Mr. Lee Meng Tat will be appointed as a Chairman of the Nominating Committee and the Remuneration Committee, and also appointed as member of Audit Committee; and Upon re-election as a Director of the Company at the AGM, Mr. Pedro Mata-Bruckmann will be redesignated as Non-Executive Non-Independent Director, and member of the Nominating Committee and the Market Sustainability and Strategy Committee.