ISDN Holdings Limited (I07) announced on Dec, 18 2025 that it has signed a renewed supply agreement with Germany-based Dirak Holding GmbH, extending their long-standing partnership for another three years.

Under the new deal, which runs from Jan, 1 2026 to Dec, 31 2028, ISDN will continue to manufacture and sell a range of hinges and locks (Product A) to Dirak, while purchasing and distributing Dirak’s similar components (Product B) across Asia.

The parties have set annual caps for Product A at 16.0 million Singapore dollars for 2026, 21.0 million Singapore dollars for 2027 and 27.0 million Singapore dollars for 2028. For Product B, ISDN will pay up to 1.5 million Singapore dollars in each of the three years.

Historical transaction values show Product A sales of about 6.883 million Singapore dollars in 2023, 9.582 million Singapore dollars in 2024 and 9.169 million Singapore dollars for the nine months ended Sep, 30 2025. Purchases of Product B were approximately 0.870 million Singapore dollars in 2023, 0.850 million Singapore dollars in 2024 and 0.836 million Singapore dollars for the same nine-month period in 2025.

Dirak Holding owns 50% of Dirak Asia, an indirect non-wholly-owned subsidiary of ISDN, making the German firm a related party under listing rules. Consequently, the transactions will be subject to reporting, annual review and announcement requirements but are exempt from circular, independent financial advice and shareholder approval obligations.