Core Insights - Davis Commodities Limited has formed a strategic partnership with QBE.AI to enhance trading strategies and market analysis through advanced AI algorithms [1][2] - The collaboration aims to reduce input costs by 1% to 2%, which is significant in a competitive market [1][2] - QBE.AI specializes in AI solutions tailored for the commodity industry, focusing on improving operational efficiency and trading accuracy [1][4] Company Overview - Davis Commodities is a Singapore-based investment holding company with a strong presence in the global agricultural commodity market, trading staples such as sugar, rice, and edible oils [5] - The company is listed on NASDAQ and is committed to delivering value through diversified, innovative, and sustainable business practices [5] AI Integration and Benefits - The partnership will integrate QBE.AI's AI-driven analytics into Davis Commodities' trading operations, providing a competitive advantage [2] - Expected improvements include enhanced trading efficiency, better risk management, and data-driven decision-making [3][2] - The collaboration is seen as a transformative opportunity for both companies, enhancing their market positions and promoting more profitable commodity trading [2] QBE.AI Company Profile - QBE.AI is a dynamic AI company based in Hong Kong, focusing on developing advanced AI algorithms and providing tailored solutions across various industries [4] - The company plans to go public on NASDAQ in Q3 2026, aiming to become a leading player in the global AI market [4]

Core Insights - Davis Commodities Limited and Kohai have signed a Memorandum of Understanding to jointly invest in Kinetic AI, focusing on developing enterprise AI solutions [1][3] - The global AI market is projected to exceed $1 trillion by 2030, indicating significant growth potential in the sector [2] - Kinetic AI specializes in customizable and scalable AI platforms, aimed at enhancing business performance through tailored solutions [3] Company Overview - Davis Commodities Limited is a recognized agricultural trading and logistics company, dealing in essential staples and leveraging technology to optimize operations [7] - Kohai is a tech-driven gaming and eSports organization, utilizing big data analytics to enhance digital entertainment experiences and is preparing for an upcoming IPO [8] Investment Details - The initial investment from Davis Commodities Limited and Kohai in Kinetic AI amounts to $2 million, positioning them as cornerstone investors [3] - Kohai anticipates a revenue CAGR of 519% and a user CAGR of 389% from 2022 to 2025, highlighting its growth trajectory [5] Strategic Collaboration - The collaboration aims to merge expertise from the commodity trading and gaming sectors, potentially leading to innovative solutions that cater to diverse audiences [6] - Kinetic AI will benefit from operational data provided by Davis Commodities for product development and AI model training, while also offering optimization suggestions [4]

Core Insights - Davis Commodities Limited has announced a strategic partnership with QBE.AI Limited to enhance trading strategies and market analysis capabilities through advanced AI algorithms [1][4][5] - The collaboration aims to reduce input costs by 1% to 2%, which is significant in the competitive commodities market [2][4] - QBE.AI specializes in AI solutions for the commodities sector, focusing on improving trading accuracy and risk management [3][9] Company Overview - Davis Commodities Limited is a Singapore-based investment holding company engaged in the trading and distribution of agricultural commodities such as sugar, rice, and edible oils, with a strong presence in Asia, Africa, and the Middle East [8] - QBE.AI Limited is a Hong Kong-based AI company with a team of experts from leading technology firms, specializing in advanced AI algorithms and targeting a Nasdaq listing in Q3 2026 [9] Partnership Benefits - The partnership combines Davis Commodities' market expertise with QBE.AI's AI technology, providing a competitive advantage in trading operations [4][5] - Enhanced predictive modeling and optimized trading strategies are expected to lead to improved risk management and data-driven decision-making [6][7] - The collaboration is anticipated to generate significant annual net income for Davis Commodities, highlighting the transformative potential of the partnership [4][5]

SINGAPORE, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Singapore-based Davis Commodities Limited (NASDAQ: DTCK) (the "Company" or "Davis Commodities"), has recently finalized a significant financial agreement, entering into a S$10,000,000 banking facility to fortify its operational capacities and propel strategic expansion efforts. This substantial facility stands as a part of foundation in supporting the Company's strategic expansion endeavors. With a well-structured financial framework in place, Davis Commodities i ...

SINGAPORE, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Strengthening its portfolio with a high-value wellness and luxury commodity, Davis Commodities takes another strategic step toward market diversification. Davis Commodities Limited (NASDAQ:DTCK), a Singapore-based global leader in agricultural commodity trading, proudly announces the signing of a Memorandum of Understanding (MOU) with Dadvance Agarwood Solutions Sdn. Bhd., Malaysia's foremost agarwood biotech company. This partnership positions Davis Commodities ...

SINGAPORE, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Davis Commodities Limited (Nasdaq: DTCK) (the "Company" or "Davis Commodities"), an agricultural commodity trading company that specializes in trading sugar, rice, and oil and fat products, announced its financial results for the six months ended June 30, 2024. Ms. Li Peng Leck, Executive Chairperson and Executive Director of Davis Commodities, commented, “Our performance is shaped by fluctuations in commodity prices and shipping costs. We view certain unfavorabl ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 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, 2023 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 AC ...

Exhibit 99.1 DAVIS COMMODITIES LIMITED INDEX TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS TABLE OF CONTENTS CONTENTS PAGE(S) | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------| | | | | UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31, 2022 AND JUNE 30, 2023 | F-2 | | UNAUDITED INTERIM CONDENSED CONSOLIDA ...