The Board of Lanka Graphite Limited announced that Mr. Jitto Arulampalam has been appointed Executive Chairman of the Company effective immediately. Mr. Arulampalam has considerable experience as a director of various listed public companies in Australia. Mr. Arulampalam is currently Chairman of Progen Pharmaceuticals Limited and was Chairman of Euro Petroleum Ltd. during the takeover.

The Board also announced the resignation of Mr. Derek Lo as joint company secretary effective immediately.