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 16 of existing customers during the last quarter of financial year ended 30 June 2020 ("Q4 FY2020"). The contracts are signed with 2 leading banks in Singapore, 4 large Malaysian banks, a bank in Thailand, Philippines, Cambodia, China, Vietnam, Mongolia, United Arab Emirates and Europe respectively as well as 2 financial service providers in Malaysia. 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.