Company: DTCK
Filing Date: 2025-03-24
Form Type: F-3
Source: 0001683168-25-001820
Chunk: 9

Company: DAVIS COMMODITIES Ltd
Filing Date: 2025-03-24
Form: F-3
Chunk 9
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| · | we are not required to comply with the sections of the Exchange Act regulating the solicitation of proxies, consents, or authorizations 
 in respect of a security registered under the Exchange Act; and ·                                                                       |
| · | we are not required to comply with Section 16 of the Exchange Act requiring insiders to file public reports of their share ownership    
 and trading activities and establishing insider liability for profits realized from any “short-swing” trading transaction.              |

Implications of Being a Controlled Company

We expect that our Executive Chairwoman and Executive
Director, Ms. Li Peng Leck will beneficially own a majority of our ordinary shares following the Offering and continue to be a controlled
company pursuant to “controlled company” defined under the Nasdaq Stock Market Rules. Accordingly, we will be a controlled
company under the applicable Nasdaq listing standards. For so long as we are a controlled company under that definition, we are permitted
to elect to rely, and may rely, on certain exemptions from corporate governance rules, including:

| · | an exemption from the rule that a majority of our board of directors must be independent directors;         |
| · | an exemption from the rule that the compensation of our chief executive officer must be determined or       
 recommended solely by independent directors; and                                                            |
| · | an exemption from the rule that our director nominees must be selected or recommended solely by independent 
 directors.                                                                                                  |

As a result, you will not have the same protection afforded to shareholders
of companies that are subject to these corporate governance requirements.

Although we do not intend to rely on the controlled company exemptions under the Nasdaq Listing Rules even if we are a controlled company,
we could elect to rely on these exemptions in the future, and if so, you would not have the same protection afforded to shareholders of
companies that are subject to all of the corporate governance requirements of Nasdaq.

Corporate Information

Our principal executive offices are located at
10 Bukit Batok Crescent, #10-01, The Spire, Singapore 658079, and our phone number is +65 6896 5333. Our registered office in the Cayman
Islands is located at Cricket Square, Hutchins Drive, PO Box 2681, Grand Cayman, KY1-1111, Cayman Islands. Our website address is https://daviscl.com.
The information contained in, or accessible from, our website or any other website does not constitute a part of this annual report. Our
agent