Vallibel Finance PLC announced that Mr. R M Karunaratne, who served as Chairman/Independent Non- Executive Director of the company ceased his office on 17 December 2021 on reaching the age of 70 years, pursuant to paragraph 5(1) of the Finance Companies. It is further disclosed that Mr. K D A Perera who currently serves as an Non-Executive Director was appointed the Acting Chairman of the Company with effect from 18 December 2021. It is further disclosed that Mr. Aravinda Dadigama who currently serves as an independent Non- Executive Director was appointed the Senior Independent Director of the Company with effect from 18 December 2021.