Company: DTCK
Filing Date: 2025-03-24
Form Type: F-3
Source: 0001683168-25-001820
Chunk: 16

Company: DAVIS COMMODITIES Ltd
Filing Date: 2025-03-24
Form: F-3
Chunk 16
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 terms and in such manner as may be determined by our board of directors. Our Company may also repurchase any of our shares on such
terms and in such manner as have been approved by our board of directors. Under the Companies Act, the redemption or repurchase of any
share may be paid out of our Company’s profits, share premium account or out of the proceeds of a new issue of shares made for the
purpose of such redemption or repurchase, or out of capital if our Company can, immediately following such payment, pay its debts as they
fall due in the ordinary course of business. In addition, under the Companies Act no such share may be redeemed or repurchased (a) unless
it is fully paid up, (b) if such redemption or repurchase would result in there being no shares outstanding or (c) if the company
has commenced liquidation. In addition, our Company may accept the surrender of any fully paid share for no consideration.

| 10 |

Variations of Rights of Shares. Whenever
the capital of our Company is divided into different classes the rights attached to any such class may, subject to any rights or restrictions
for the time being attached to any class, only be varied with the sanction of a resolution passed by a majority of two-thirds of the votes
cast at a separate meeting of the holders of the shares of that class. The rights conferred upon the holders of the shares of any class
issued with preferred or other rights shall not, unless otherwise expressly provided by the terms of issue of the shares of that class,
be deemed to be varied by the creation, allotment or issue of further shares ranking pari passu with such existing class of shares.

Issuance of Additional Shares. Our
second amended and restated memorandum and articles of association authorizes our board of directors to issue additional Ordinary Shares
from time to time as our board of directors shall determine, to the extent of available authorized but unissued shares.

Our second amended and restated memorandum and
articles of association also authorizes our board of directors to establish from time to time one or more series of preference shares
and to determine, with respect to any series of preference shares, the terms and rights of that series, including, among other things:

| · | the designation of the series;                                                |
| · | the number of shares of the series;                                           |
| · | the dividend rights, dividend rates, conversion rights and voting rights; and |
| · | the rights and terms of redemption and liquid