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 67 of existing customers during the third quarter of financial year ending 30 June 2024. The contracts are mainly signed with 4 large regional banking franchises in ASEAN, 10 local banks, 3 banks in Thailand, 2 banks in Indonesia, 2 banks in Vietnam, 2 banks in Pakistan respectively, a bank in Abu Dhabi, Bahrain, Brunei, China, Ethiopia, Czech Republic, Hungary, Maldives, Slovakia, South Sudan, Sri Lanka and United Kingdom 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 the contracts are from its subsidiaries, namely Silverlake Axis MSC Sdn Bhd, Silverlake Digitale Sdn Bhd, Silver Lake One Paradigm Sdn Bhd, PT Structured Services, Silverlakegroup Pte Ltd, Silverlake Structured Services Sdn Bhd, Silver lake Structured Services Ltd, Silverlake Sistem Sdn Bhd, SilverLake Holdings Sdn Bhd, SilverLA Symmetri (Singapore) Pte Ltd, Silverlake Symmetri (Malaysia) Sdn Bhd, Silver Lakes 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 99 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.