DLF Holdings Limited announced the cessation of Chan Kam Loon as Lead Independent Non-Executive Director, Chairman of Audit Committee as well as a member of the Remuneration Committee and Nominating Committee. Reason for cessation: To pave the way for new directors to be appointed in view of the change in controlling shareholder. After having interviewed Mr. Chan Kam Loon ("Mr. Chan") and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that, save as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Chan as the Lead Independent Non-Executive Director.