Sarvodaya Development Finance PLC announced that Mr. Masayoshi Yamashita, who was a Non-Independent Non-Executive Director of the company completed his term of 9 years of service as a Director of the Company on August 27, 2023. Accordingly, in terms of Section 3.3 of the Finance Companies (Corporate Govemance) Direction No. 5 of 2021, Mr. Masayoshi Yamashita ceased to be a Director of the Company, effective from August 27, 2023.