# EDGAR Filing Document

**Accession Number:** 0001949478
**File Stem:** 0001683168-26-000296
**Filing Date:** 2026-1
**Character Count:** 30370
**Document Hash:** 9af5b70edc9483c92c17133f616db1e7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001683168-26-000296.hdr.sgml**: 20260114

**ACCESSION NUMBER**: 0001683168-26-000296

**CONFORMED SUBMISSION TYPE**: 20-F/A

**PUBLIC DOCUMENT COUNT**: 19

**CONFORMED PERIOD OF REPORT**: 20241231

**FILED AS OF DATE**: 20260114

**DATE AS OF CHANGE**: 20260114

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DAVIS COMMODITIES Ltd
- **CENTRAL INDEX KEY:** 0001949478
- **STANDARD INDUSTRIAL CLASSIFICATION:** WHOLESALE-FARM PRODUCT RAW MATERIALS [5150]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 20-F/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41804
- **FILM NUMBER:** 26532972

**BUSINESS ADDRESS:**
- **STREET 1:** 10 BUKIT BATOK CRESCENT #10-01 THE SPIRE
- **CITY:** SINGAPORE
- **STATE:** U0
- **ZIP:** 658079
- **BUSINESS PHONE:** 65-6893 5333

**MAIL ADDRESS:**
- **STREET 1:** 10 BUKIT BATOK CRESCENT #10-01 THE SPIRE
- **CITY:** SINGAPORE
- **STATE:** U0
- **ZIP:** 658079

?xml version='1.0' encoding='ASCII'? Davis Commodities Limited 20-F

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**AMENDMENT NO. 2**

**FORM 20-F**

☐ **REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934**

**OR**

☒ **ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

**For the fiscal year ended December 31, 2024**

**OR**

☐ **TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

**OR**

☐ **SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

Date of event requiring this shell company report

Commission file number: 001-41804

**Davis Commodities Limited**

(Exact name of Registrant as specified in its charter)

**N/A**

(Translation of Registrant's name into English)

**Cayman Islands**

(Jurisdiction of incorporation or organization)

**10 Bukit Batok Crescent, #10-01, The Spire**

**Singapore 658079**

(Address of principal executive offices)

**Ai Imm Lim, Group Financial Controller**

**Telephone: +65 6896 5333**

**Email: imm@daviscl.com**

**At the address of the Company set forth above**

(Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)

**Securities registered or to be registered pursuant to Section 12(b) of the Act.**

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| **Class A Ordinary Shares** | **DTCK** | **The Nasdaq Stock Market LLC** |

---

Securities registered or to be registered pursuant to Section 12(g) of the Act.

**None**

(Title of Class)

Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act.

**None**

(Title of Class)

Indicate the number of outstanding shares of each of the issuer's classes of capital or common stock as of the close of the period covered by the annual report.

An aggregate of 24,500,625 ordinary shares, par value $0.000000430108 per share, as of December 31, 2024.

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

Yes ☐ No ☒

If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

Yes ☐ No ☒

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes ☒ No ☐

Indicate by check mark whether the registrant is a large-accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company. See definition of "large-accelerated filer," "accelerated filer," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large-accelerated filer ☐ Accelerated filer ☐ <br> Non-accelerated filer ☒ Emerging growth company ☒

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☐

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D 1(b). ☐

Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:

U.S. GAAP ☒ International Financial Reporting Standards as issued by the International Accounting Standards Board ☐ Other ☐

\* If "Other" has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow. Item 17 ☐ Item 18 ☐

If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

**EXPLANATORY NOTE**

Davis Commodities Limited (the "Company") is filing this Amendment No. 2 ("Amendment No. 2") to our Annual Report on Form 20-F, as amended (the "Original Filing"), for the fiscal year ended December 31, 2024, to include Exhibit 10.1, which was inadvertently omitted in the Original Filing, and to update the exhibit index in Item 19.

In addition, as required by Rule 12b-15 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the certifications required by Rule 13a-14(a) under the Exchange Act are also being filed as exhibits to this Amendment.

Other than expressly set forth herein, this Amendment No. 2 does not, and does not purport to, amend or restate any other information contained in the Original Filing nor does this Amendment No. 2 reflect any events that have occurred after the Original Filing was filed.

**PART III**

**Item 19. EXHIBITS**

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 1.1 | [Second Amended and Restated Memorandum and Articles of Association](https://www.sec.gov/Archives/edgar/data/1949478/000168316823001404/davis_ex0301.htm) (incorporated by reference to Exhibit 3.1 of our Registration Statement on Form F-1 (File No. 333-270427), as amended, initially filed with the Securities and Exchange Commission on March 9, 2023) |
| 2.1 | [Specimen Certificate for Ordinary Shares](https://www.sec.gov/Archives/edgar/data/1949478/000168316823001404/davis_ex0401.htm) (incorporated herein by reference to Exhibit 4.1 to the registration statement on Form F-1 (File No. 333-270427), as amended, initially filed with the Securities and Exchange Commission on March 9, 2023) |
| 2.2 | [Description of Securities](http://www.sec.gov/Archives/edgar/data/1949478/000168316825002971/davis_ex0202.htm) (incorporated herein by reference to Exhibit 2.2 to the Form 20-F (File No. 001-41804), filed with the Securities and Exchange Commission on April 30, 2025) |
| 4.1 | [Form of Employment Agreement by and between executive officers and the Registrant](https://www.sec.gov/Archives/edgar/data/1949478/000168316823001404/davis_ex1001.htm) (incorporated herein by reference to Exhibit 10.1 to the registration statement on Form F-1 (File No. 333-270427), as amended, initially filed with the Securities and Exchange Commission on March 9, 2023) |
| 4.2 | [Form of Indemnification Agreement with the Registrant's directors and officers](https://www.sec.gov/Archives/edgar/data/1949478/000168316823001404/davis_ex1002.htm) (incorporated herein by reference to Exhibit 10.2 to the registration statement on Form F-1 (File No. 333-270427), as amended, initially filed with the Securities and Exchange Commission on March 9, 2023) |
| 4.3 | [Exclusive Distribution Agreement by and between Thai Roong Ruang Sugar Group and LP Grace Pte. Ltd.](https://www.sec.gov/Archives/edgar/data/1949478/000168316823001404/davis_ex1003.htm) (incorporated herein by reference to Exhibit 10.3 to the registration statement on Form F-1 (File No. 333-270427), as amended, initially filed with the Securities and Exchange Commission on March 9, 2023) |
| 4.4 | [Exclusive Distribution Agreement by and between Tong Seng Produce Pte. Ltd. and Maxwill Foodlink Pte. Ltd](https://www.sec.gov/Archives/edgar/data/1949478/000168316823001404/davis_ex1004.htm). (incorporated herein by reference to Exhibit 10.4 to the registration statement on Form F-1 (File No. 333-270427), as amended, initially filed with the Securities and Exchange Commission on March 9, 2023) |
| 4.5 | [Tenancy Agreement, by and between Maxwill (Asia) Pte. Ltd. and EPG Engineering (Singapore) Pte Ltd.](http://www.sec.gov/Archives/edgar/data/1949478/000168316825002971/davis_ex0405.htm) (incorporated herein by reference to Exhibit 4.5 to the Form 20-F (File No. 001-41804), filed with the Securities and Exchange Commission on April 30, 2025) |
| 8.1 | [List of subsidiaries of the Registrant](https://www.sec.gov/Archives/edgar/data/1949478/000168316824003504/davis_ex0801.htm) (incorporated herein by reference to Exhibit 8.1 to the Form 20-F (File No. 001-41804), filed with the Securities and Exchange Commission on May 15, 2024) |
| 10.1\*^ | [Renewal Convertible Loan Agreement, dated November 30, 2023, by and between Maxwill (Asia) Pte. Ltd. and Carfax Commodities (Asia) Pte. Ltd.](davis_ex1001.htm) |
| 11.1 | [Code of Business Conduct and Ethics of the Registrant](https://www.sec.gov/Archives/edgar/data/1949478/000168316823001404/davis_ex9901.htm) (incorporated herein by reference to Exhibit 99.1 to the registration statement on Form F-1 (File No. 333-270427), as amended, initially filed with the Securities and Exchange Commission on March 9, 2023) |
| 11.2 | [Insider Trading Compliance Manual of the Registrant](http://www.sec.gov/Archives/edgar/data/1949478/000168316824003504/davis_ex1102.htm) (incorporated herein by reference to Exhibit 11.2 to the Form 20-F (File No. 001-41804), filed with the Securities and Exchange Commission on May 15, 2024) |
| 12.1\* | [Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002](davis_ex1201.htm) |
| 12.2\* | [Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002](davis_ex1202.htm) |
| 13.1\*\* | Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
| 13.2\*\* | [Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002](davis_ex1302.htm) |
| 15.1 | [Letter, dated August 30, 2024, from Onestop Assurance PAC addressed to the Commission](https://www.sec.gov/Archives/edgar/data/1949478/000168316824006129/davis_ex1601.htm) (incorporated herein by reference to Exhibit 16.1 to the Form 6-K (File No. 001-41804), filed with the Securities and Exchange Commission on August 30, 2024) |
| 97.1 | [Compensation Recovery Policy of the Registrant](http://www.sec.gov/Archives/edgar/data/1949478/000168316824003504/davis_ex9701.htm) (incorporated herein by reference to Exhibit 97.1 to the Form 20-F (File No. 001-41804), filed with the Securities and Exchange Commission on May 15, 2024) |
| 101.INS\* | Inline XBRL Instance Document |
| 101.SCH\* | Inline XBRL Taxonomy Extension Schema Document |
| 101.CAL\* | Inline XBRL Taxonomy Extension Calculation Linkbase Document |
| 101.DEF\* | Inline XBRL Taxonomy Extension Definition Linkbase Document |
| 101.LAB\* | Inline XBRL Taxonomy Extension Label Linkbase Document |
| 101.PRE\* | Inline XBRL Taxonomy Extension Presentation Linkbase Document |
| 104\* | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) |

---

---

| | |
|:---|:---|
| \* | Filed herewith. |
| \*\* | Furnished herewith. |
| ^ | Certain portions of this exhibit are omitted pursuant to Item 601(b)(10)(iv) of Regulations S-K because they are not material and are the type that the registrant treats as private or confidential. The Registrant hereby agrees to furnish a copy of any omitted portion to the SEC upon request. |

---

**SIGNATURES**

The registrant hereby certifies that it meets all of the requirements for filing on Form 20-F and that it has duly caused and authorized the undersigned to sign this annual report on its behalf.

---

| | | |
|:---|:---|:---|
|  | Davis Commodities Limited | Davis Commodities Limited |
|  | By: | */s/ Li Peng Leck* |
|  |  | Li Peng Leck |
|  |  | Executive Chairwoman and Executive Director |
|  |  | (Principal Executive Officer) |
| Date: January 14, 2026 |  |  |

---

## Exhibit 10.1

**Exhibit 10.1**

**CERTAIN CONFIDENTIAL INFORMATION IN THIS EXHIBIT WAS OMITTED BY MEANS OF MARKING SUCH INFORMATION WITH BRACKETS ("[\*\*\*]") BECAUSE THE IDENTIFIED CONFIDENTIAL INFORMATION IS NOT MATERIAL AND IS THE TYPE THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL**

**THIS RENEWAL AGREEMENT IS MADE ON 30 NOVEMBER 2023**

**BETWEEN:**

**(1)** **MAXWILL (ASIA) PTE. LTD.** (Company Registration No. 199905448N), a company
incorporated under the laws of Singapore and having its registered office at 10 Bukit Batok Crescent, #10-01, The Spire, Singapore 658079
(" **Lender** "); and

**(2)** **CARFAX COMMODITIES (ASIA) PTE. LTD.** (Company Registration No. 202038656K), a company incorporated under the
laws of Singapore and having its registered office at 10 Bukit Batok Crescent, #10-01, The Spire, Singapore 658079 ()"**Borrower** ");

(each a "**Party**" and collectively, "**Parties**").

**BACKGROUND:**

Whereas, the Lender and the Borrower entered into a loan agreement dated 30 November 2020 (the "Original Agreement"), whereby the Lender agreed to lend a certain sum of money to the Borrower, and the Borrower agreed to repay the loan under the terms and conditions specified therein.

**RENEWAL TERMS AND CONDITIONS:**

**1.** **LOAN AND UTILISATION** 

1.1 The Parties acknowledge that the Lender has granted to the Borrower a facility
in the principal amount of USD6,000,000.00 ()"**Loan**") on 30 November 2023 ()"**Effective Date** "). The
Loan remains outstanding as at the date of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. INTEREST

2.1 The Loan shall bear interest at the rate 6.5%, calculated on a per annum basis,
based on principal amount outstanding on the Loan ()"**Interest** ").

Any accrued Interest payable shall be paid upon repayment of the Loan or conversion in accordance with Clause 4, as the case may be. Interest shall accrue up to the date of receipt of actual full payment.

2.2 Interest in respect of the Loan shall accrue from day to day calculated on the
basis of a 360-day year consisting of 12 months of 30 days each (and in the case of an incomplete month, the number of days elapsed),
from and including the Effective Date up to and excluding the Final Maturity Date or the date of conversion in accordance with Clause
4. "**Final Maturity Date**" means the date falling 36 months from the Effective Date, or such date as the Borrower and the Lender may otherwise agree in writing;

**3.** **TERM AND REPAYMENT** 

3.1 The term of the Loan shall commence from the Effective Date and expire on the earliest
of (a) the Final Maturity Date; or (b) (in the event of the exercise of the Conversion Right by the Lender the occurrence of or in connection
with a Conversion Event) on the Conversion Date, in accordance with this Agreement.

3.2 On the Final Maturity Date (or in the event that the Final Maturity Date is not
a Business Day, on the Business Day immediately following the Final Maturity Date), and in the event that the Loan is not converted into
the Conversion Shares (pursuant to Clause 4 below), or the term of the Loan otherwise extended by the Parties, the Borrower shall repay
to the Lender the Loan pursuant to in cash denominated in US Dollars.

3.3 The term of the Loan may be extended by written consent of the Borrower and the Lender.

3.4 The borrower is granted payment flexibility to make payments towards the loan at any time, without incurring any prepayment
penalties or restrictions. There are no limitations on the frequency or number of additional payments.

**4.** **CONVERSION** 

4.1 Conversion Right

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** **Conversion Period** 

Subject as hereinafter provided, the Lender have the right to convert all (and not part only) of the Loan and all other amounts accrued or owing in connection with the Loan (including any accrued interest) (at any time, "**Outstanding Amount**") into new ordinary shares of the Borrower ("**Conversion Shares**") at any time upon the occurrence of or in connection with a Conversion Event ("**Conversion Right**").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Conversion Price and valuation

For the purposes of the Conversion, the valuation of the Borrower is fixed at [\*\*\*] ("**Conversion Valuation**"), which is the implied valuation of the Borrower as at the date of this Agreement. The price at which each Conversion Share will be based on the above valuation and number of issued shares at the point of Conversion. The Conversion Valuation is fixed and is anti-dilutive and cannot be adjusted.

4.2 Right to Dividends and Distributions

The Borrower hereby undertakes to the Lender that the Conversion Shares allotted pursuant to this Clause 4 shall carry the right to receive all dividends and other distributions declared on and after the Conversion Date and other rights pursuant to the constitution of the Borrower and the prevailing laws in Singapore and shall be credited as fully-paid and in all respects rank *pari passu* with the ordinary shares of the Company (as the case may be) in issue on the Conversion Date.

**5.** **PREPAYMENT** 

5.1 The Borrower may, if it gives the Lender not less than [\*\*\*] Business Days'
(or such shorter period as the Lender may agree) prior written notice ()"**Prepayment Notice** "), prepay the whole (and
not part only) of the Loan (including any Interest accrued thereon) before the Final Maturity Date.

5.2 Any Prepayment Notice given under this Clause 5 shall be irrevocable and, unless
a contrary indication appears in this Agreement, shall specify the date upon which the prepayment is to be made and the amount of that
prepayment.

5.3 Any prepayment under this Agreement shall be made together with accrued interest
on the amount prepaid and all other amounts accrued under this Agreement and owing to the Lender.

5.4 The Borrower shall not repay or prepay all or any part of the Loan except at the
times and in the manner expressly provided for in this Agreement.

**6.** **CONTRACTS (RIGHTS OF THIRD PARTIES) ACT AND GOVERNING LAW** 

A person who is not party to this Agreement has no right under the Contract (Rights of Third Parties Act) 2001 of Singapore to enforce any term of this Agreement but this does not affect any right or remedy of a third party which exists or is available apart from the Act. Notwithstanding any term of this Agreement, the consent of any person who is not a party to this Agreement is not required to rescind or vary this Agreement at any time.

This Agreement and the relationship between the Parties shall be governed by, and construed in accordance with, the laws of Singapore.

**IN WITNESS WHEREOF THIS AGREEMENT** has been entered into on the date stated at the beginning.

**<u>Borrower</u>**

 SIGNED by Tan Choo Kiat ) for and on behalf of )
Carfax Commodities (Asia) Pte Ltd)) in the presence
of:-)
<u>/s/ Tan Choo Kiat</u> 

Name: [\*\*\*]

ID Number: [\*\*\*]

**<u>Lender</u>**

 SIGNED by Leck Li Peng) for and on behalf of)
MAXWILL (ASIA) PTE. LTD.)) in the presence of:-)
<u>/s/ Leck Li Peng</u> 

Name: [\*\*\*]

ID Number: [\*\*\*]

## Exhibit 12.1

**Exhibit 12.1**

**CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002**

I, Li Peng Leck, certify that:

1. I have reviewed this Amendment No. 2 to the annual report on Form 20-F of Davis Commodities Limited (the "Company");

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, and cash flows of the Company as of, and for, the periods presented in this report;

4. The Company's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Company and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Company, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the Company's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the Company's internal control over financial reporting that occurred during the period covered by the annual report that has materially affected, or is reasonably likely to materially affect, the Company's internal control over financial reporting; and

5. The Company's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Company's auditors and the audit committee of the Company's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Company's ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the Company's internal control over financial reporting.

Date: January 14, 2026

---

| | |
|:---|:---|
| By: | */s/ Li Peng Leck* |
| Name: | Li Peng Leck |
| Title: | Executive Chairwoman and Executive Director (Principal Executive Officer) |

---

## Exhibit 12.2

**Exhibit 12.2**

**CERTIFICATION OF THE CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002**

I, Ai Imm Lim, certify that:

1. I have reviewed this Amendment No. 2 to the annual report on Form 20-F of Davis Commodities Limited (the "Company");

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, and cash flows of the Company as of, and for, the periods presented in this report;

4. The Company's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Company and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Company, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the Company's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the Company's internal control over financial reporting that occurred during the period covered by the annual report that has materially affected, or is reasonably likely to materially affect, the Company's internal control over financial reporting; and

5. The Company's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Company's auditors and the audit committee of the Company's board of directors (or persons performing the equivalent function):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Company's ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the Company's internal control over financial reporting.

Date: January 14, 2026

---

| | |
|:---|:---|
| By: | */s/ Ai Imm Lim* |
| Name: | Ai Imm Lim |
| Title: | Group Financial Controller (Principal Accounting and Financial Officer) |

---

## Exhibit 13.1

**Exhibit 13.1**

**CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002**

In connection with this Amendment No. 2 to the Annual Report of Davis Commodities Limited (the "Company") on Form 20-F/A for the year ended December 31, 2024, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Li Peng Leck, Executive Chairwoman and Executive Director (Principal Executive Officer) of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to my knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: January 14, 2026

---

| | |
|:---|:---|
| By: | */s/ Li Peng Leck* |
| Name: | Li Peng Leck |
| Title: | Executive Chairwoman and Executive Director<br> (Principal Executive Officer) |

---

## Exhibit 13.2

**Exhibit 13.2**

**CERTIFICATION OF THE CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002**

In connection with this Amendment No. 2 to the Annual Report of Davis Commodities Limited (the "Company") on Form 20-F/A for the year ended December 31, 2024, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Ai Imm Lim, Group Financial Controller (Principal Accounting and Financial Officer) of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to my knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: January 14, 2026

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| | |
|:---|:---|
| By: | */s/ Ai Imm Lim* |
| Name: | Ai Imm Lim |
| Title: | Group Financial Controller<br> (Principal Accounting and Financial Officer) |

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