Company: DTCK
Filing Date: 2025-03-24
Form Type: F-3
Source: 0001683168-25-001820
Chunk: 6

Company: DAVIS COMMODITIES Ltd
Filing Date: 2025-03-24
Form: F-3
Chunk 6
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 two main brands: Maxwill and Taffy. The Maxwill brand is owned by us and is used for
the sugar products and oil and fat products that we distribute outside of Singapore. We have also appointed Tong Seng Produce Pte. Ltd.,
an established distributor of rice, oil, sugar, flour and fiber products in Singapore, for the exclusive distribution of certain sugar
products under our Taffy brand.

We specialize in the sourcing and distribution
of sugar products, with sugar products contributing to approximately 67.1%, 61.0%, 74.9% and 69.6% of our revenue for the six months ended
June 30, 2024 and the fiscal years ended December 31, 2023, 2022 and 2021, respectively. We procure sugar products from various origins
in order to offer a wide range of sugar products to our customers in Singapore, as well as in different markets in Asia, Africa and the
Middle East regions. We are a member of The Refined Sugar Association in London, which is the trade association for the international
white refined sugar trade. We also source and sell a wide selection of rice products and oil and fat products to our customers in Africa
and the People’s Republic of China, or the PRC.

We pride ourselves on the quality of our products
and our ability to provide a “one-stop service” to customers. We engage third-party service providers for services such as
warehouse handling and storage and logistics services (including distribution, freight forwarding and shipping services) to distribute
the commodity products from our suppliers to our customers. We also arrange for our customers’ insurance and security coverage,
including cargo insurance for the commodities which pass through our supply chain. Our operations are connected to a large network of
such service providers, including freight and shipping companies, which are experienced in handling commodities. Their experienced network,
in turn, enables us to coordinate, organize and manage our operations efficiently and offer our customers timely and cost-effective services.
We are also able to oversee the quality of the products from the point of procurement to the point of distribution to our customers.

We are led by a devoted management team which
is highly experienced in the agricultural commodities industry and has a keen understanding of market dynamics through our regional network
of customers, suppliers and service providers. For the six months ended June 30, 2024, we had total revenue of approximately $66.9 million,
which decreased by 31.6% from $97.