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

Company: DAVIS COMMODITIES Ltd
Filing Date: 2025-12-23
Form: 6-K
Chunk 23
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 expenses and other liabilities consist
of the following:

| Schedule of accrued expenses and other liabilities             |     |              |       |     |          |       |
|                                                                |     | December 31, |       |     | June 30, |       |
|                                                                |     |         2024 |       |     |     2025 |       |
|                                                                |     |      US$’000 |       |     |  US$’000 |       |
| Accrued operating expenses                                     |     |              | 1,145 |     |          |   898 |
| Deposits                                                       |     |              |   204 |     |          |   224 |
| Advances from customers                                        |     |              |   323 |     |          |   772 |
| GST payables                                                   |     |              |     5 |     |          |    19 |
| Margin call *                                                  |     |              |     – |     |          |   164 |
| Unrealized losses on commodity future contracts, at fair value |     |              |    14 |     |          |     – |
| Other payables – Related parties **                            |     |              |   545 |     |          |   324 |
|                                                                |     |              | 2,236 |     |          | 2,401 |

| *  | Margin call represents unsettled commissions                                                                                                                                                  
 fee and realized losses on commodity future contracts placed with StoneX Financial Ltd. for the purpose of managing the Company’s                                                             
 commodity price risk (Note 14).                                                                                                                                                               |
| ** | The amounts due to related                                                                                                                                                                    
 parties are unsecured, free of interest and repayable on demand, including:                                                                                                                   |
| 1) | Advances of US$202,317 from a related party, which were free of interest and fully repaid on August 22, 2025; and                                                                             |
| 2) | Payables to the Company’s overseas office, which is a related party, represented certain expenses paid by the overseas office on behalf of the Company in the normal course of its operation. |

11. EQUITY

For the sake of undertaking a public offering
of the Company’s ordinary shares, the Company has performed a series of reorganizing transactions resulting in 23,250,000 ordinary
shares issued and outstanding that have been retroactively restated to the beginning of the first period presented.

On September 21, 2023,