SINGAPORE, June 24, 2025 — Davis Commodities Limited (Nasdaq: DTCK), a prominent agricultural commodities trader based in Singapore, announced the successful passage of all proposed resolutions at its Extraordinary General Meeting held on June 23, 2025. The company’s shareholders approved the following resolutions:

1. A special resolution concerning the alteration of share capital, specifically the re-classification and re-designation of the Company’s authorized share capital of US$100,000.11, divided into 232,500,000,000 ordinary shares with a par value of US$0.000000430108 each. This involved:

(i) Re-designating and re-classifying all authorized, issued, and outstanding Ordinary Shares held by existing shareholders (excluding (a) the 15,056,700 Ordinary Shares held by Davis & KT Holdings Pte. Ltd. and (b) the 1,458,281 Ordinary Shares held by Mr. Lek Pow Sheng, Pauson) as Class A Ordinary Shares with a par value of US$0.000000430108 each, on a one-for-one basis.

(ii) Re-designating and re-classifying the 15,056,700 authorized, issued, and outstanding Ordinary Shares held by Davis & KT Holdings Pte. Ltd. as 15,056,700 Class B Ordinary Shares with a par value of US$0.000000430108 each, and the 1,458,281 authorized, issued, and outstanding Ordinary Shares held by Mr. Lek Pow Sheng, Pauson as 1,458,281 Class B Ordinary Shares.

(iii) Re-designating and re-classifying 232,472,014,356 authorized but unissued Ordinary Shares into 232,472,014,356 Class A Ordinary Shares with a par value of US$0.000000430108 each.

(iv) Re-designating and re-classifying the 3,485,019 authorized but unissued Ordinary Shares into 3,485,019 Class B Ordinary Shares with a par value of US$0.000000430108 each.

Each class of shares will have the rights and restrictions detailed in the Amended M&A (defined below). Following this, the Company’s authorized share capital will be US$100,000.11, divided into 232,480,000,000 Class A Ordinary Shares and 20,000,000 Class B Ordinary Shares. The Company retains the power, as permitted by law, to redeem or purchase its shares, increase or reduce share capital subject to the Companies Act (As Revised) and the Articles of Association, and issue any part of its capital with or without preferences, priorities, or special privileges, subject to any postponements, conditions, or restrictions, unless otherwise expressly declared in the conditions of issue.

(the “Alteration of Share Capital”, and the proposal, the “Alteration of Share Capital Proposal”)

2. A special resolution to adopt the third amended and restated memorandum and articles of association (the “Amended M&A”) to replace the existing memorandum and articles of association (the “Amendment to the M&A”). Specifically, the resolution stated: “IT IS HEREBY RESOLVED, as a special resolution, that, subject to the effectiveness of the Alteration of Share Capital, the Company adopts the third amended and restated memorandum and articles of association attached hereto as Annex A (the “Amended M&A”) in substitution for and to the exclusion of the existing memorandum and articles of association of the Company”.

3. Authorization to adjourn the Extraordinary General Meeting, if necessary, to gather additional proxies should there be insufficient votes to approve the aforementioned proposals at the time of the meeting or any adjournment or postponement thereof (the “Authorization to Adjourn the Meeting”, and the proposal, the “Authorization to Adjourn the Meeting Proposal”).

About Davis Commodities Limited

Davis Commodities Limited, headquartered in Singapore, is an agricultural commodity trading company specializing in the trade of sugar, rice, and oil and fat products across various markets, including Asia, Africa, and the Middle East. The company sources, markets, and distributes commodities under its primary brands, Maxwill and Taffy, in Singapore. Additionally, Davis Commodities provides ancillary services to its commodity clients, such as warehousing, handling, storage, and logistics. As of the fiscal year ended December 31, 2024, the Company leverages an established global network of third-party commodity suppliers and logistics providers to distribute its products to customers in over 20 countries.

For more information, visit https://www.daviscl.com

Forward-Looking Statements

This press release includes forward-looking statements as defined in the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These statements are generally identified by terms such as “believe,” “project,” “predict,” “budget,” “forecast,” “continue,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “could,” “should,” “will,” “would,” and similar expressions, including their negative forms.

Forward-looking statements represent predictions, projections, and other statements regarding future events, based on current expectations and assumptions. As such, they are subject to risks and uncertainties. Numerous factors could cause actual future events to differ significantly from those discussed in these forward-looking statements. The Company’s SEC filings identify and discuss important risks and uncertainties that could lead to materially different events and results.

Forward-looking statements are valid only as of the date made. Readers are cautioned against placing undue reliance on these statements. Davis Commodities Limited disclaims any obligation or intention to update or revise any forward-looking statements, whether due to new information, future events, or other factors.

CONTACT: For more information, please contact:

Davis Commodities Limited
Investor Relations Department
Email: investors@daviscl.com

Celestia Investor Relations
Dave Leung
Email: investors@celestiair.com

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