Further to announcement dated 24th January 2022, in terms of Section 8 of the Listing Rules of the Colombo Stock Exchange, disclosed that Commercial Leasing & Finance PLC (CLC) has been amalgamated with L O L C Finance PLC (LOFC) with effect from 31st March 2022. Pursuant to the said amalgamation with CLC, the following appointment and re-designations were made to the Board of Directors of LOFC with the prior approval of the Central Bank of Sri Lanka: Mr. D M D K Thilakaratne:. Director/Chief Executive Officer.