The Board of Directors of Silverlake Axis Ltd. announced that the Group has secured contracts to deliver innovative and transformative digital innovation enhancement solutions to 62 of existing customers during the first quarter of financial year ended 30 June 2024. The contracts are mainly signed with 6 large regional banking franchises in ASEAN, 6 local banks, 2 banks in Thailand, 5 banks in Indonesia, 2 banks in Vietnam, a bank in Abu Dhabi, Bahrain, Brunei, China, Czech Republic, Hungary, Pakistan, Slovakia, Sri Lanka, United Kingdom and United Arab Emirates respectively, a Japanese consumer finance corporation, a pharmacy chain in Malaysia and a Japanese retail chain with regional presence in Asia. The contracts are primarily for enhancements to existing core banking system and to enhance customers' digital experience and are expected to be completed within 12 to 18 months from the signing of the contracts.

The Group's software solutions and services deployed for these contracts are from its subsidiaries, namely Silverlake Axis MSC Sdn Bhd, Silverlake Digitale Sdn Bhd, Silverlake One Paradigm Sdn Bhd, PT Structured Services, Silverlakegroup Pte Ltd, Silverlake Structured Services Sdn Bhd, Silverlake Structured Services Ltd, Silverlake Sistem Sdn Bhd, Silverlake Holdings Sdn Bhd, Silverlake Symmetri (Singapore) Pte Ltd, Silverlake Symmetri (Malaysia) Sdn Bhd, Silverlake Digital Economy Sdn Bhd, Cyber Village Sdn Bhd, QR Retail Automation (Asia) Sdn Bhd and SIA X Infotech. The contracts have an aggregate value of approximately Malaysian Ringgit 124 million and are expected to contribute positively to the results of SAL in the current and following financial years. Pursuant to the confidentiality clause stipulated in the contracts, no further details of the contracts will be disclosed.

None of the directors or substantial shareholders of SAL has any interest, directly or indirectly, in the above contracts other than through their respective shareholdings in SAL.