The Board of Directors of Silverlake Axis Ltd. announce that the Group has secured contracts to deliver innovative and transformative digital innovation enhancement solutions to 67 of existing customers during the second quarter of financial year ending 30 June 2024. The contracts are mainly signed with 6 large regional banking franchises in ASEAN, 8 local banks, 3 banks in Thailand, 4 banks in Indonesia, 2 banks in Pakistan respectively, a bank in Bulgaria, Bahrain, Brunei, China, Czech Republic, Hungary, Maldives, Slovakia, Vietnam 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 MYR 114 million and are expected to contribute positively to the results of SAL in the current and following financial years.