Citizens Development Business Finance PLC announced that Mr. Ranga Abeynayake, non-executive director and chairman of the board will step down on completing 9 years of service with effect from 31 December 2020; Mr. J. R. A. Corera, non-executive independent director will be appointed as chairman of the board with effect from 31st December 2020 and Mr. E. R. S. G. S. Hemachandra, will be appointed as non-executive director of the company with effect from 31st December 2020.