Company: DTCK
Filing Date: 2025-12-23
Form Type: 6-K
Source: 0001683168-25-009327
Chunk: 6

Company: DAVIS COMMODITIES Ltd
Filing Date: 2025-12-23
Form: 6-K
Chunk 6
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will Pte. Ltd., as part of a family
restructuring exercise. The beneficial interests of all the family members remain the same as they hold the same proportion of shares
in Davis & KT Holdings Pte. Ltd.

| F-6 |

Maxwill Foodlink Pte. Ltd.

On August 23, 2022, LPL and members of her immediate
family transferred all 60,002 shares, the entire issued and share capital of Maxwill Foodlink Pte. Ltd., to Maxwill Pte. Ltd., as part
of a family restructuring exercise. The beneficial interests of all the family members remain the same as they hold the same proportion
of shares in Davis & KT Holdings Pte. Ltd.

Davis Commodities Limited – Share Swap Agreement

Davis Commodities Limited was incorporated in
the Cayman Islands as an exempted company with limited liability on September 20, 2022, with an initial issued share capital of 3,524
shares of par value US$0.001 each.

On September 20, 2022, Davis Commodities
Limited entered into a share swap agreement with Davis & KT Holdings Pte. Ltd. (the “Share Swap Agreement”). Pursuant
to the Share Swap Agreement, Davis & KT Holdings Pte. Ltd. transferred 100 shares, the total issued and paid up capital of Maxwill
Pte. Ltd., to Davis Commodities Limited, while Davis Commodities Limited issued and allotted 6,476 shares of par value US$0.001 each to
Davis & KT Holdings Pte. Ltd. (the “Share Swap”). Following the acquisition, Maxwill Pte. Ltd., together with all its
subsidiaries, become wholly owned subsidiaries of Davis Commodities Limited. Davis Commodities Limited had an issued and paid up capital
of 10,000 shares of par value US$0.001 each.

On June 22, 2023, the shareholders of the Company
approved, among others, a subdivision of each issued and unissued ordinary share of par value of US$0.001 each into 2,325 ordinary shares,
par value US$0.000000430108 per share.

Under applicable accounting principles, the Share
Swap is considered as a merger of entities under common control. Und er the guidance in ASC 805, for transactions
between entities under common control, the assets, liabilities and results of operations, are recognized at their carrying amounts
on the date of the Share Swap,