Silverlake Axis Ltd. announced that the Group has secured contracts to deliver innovative and transformative digital innovation enhancement solutions to 27 of company's existing customers and a new customer during the first quarter of financial period ended 30 September 2021. The contracts are signed with 4 large regional banking franchises in Asean, 6 local banks and a government linked company and a financial service provider in Malaysia, 2 banks in Pakistan, 2 banks in Sri Lanka, a bank in Thailand, Indonesia, Brunei, China, Vietnam, Latvia, South Sudan and the United Arab Emirates respectively, a large commercial bank in Slovakia, an international financing company in Bahrain and a solution provider partner from Bangladesh and Georgia respectively. 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 contracts have an aggregate value of approximately MYR 90 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.