Core Insights - Davis Commodities Limited (DTCK) has announced a joint venture with a Malaysian Agri-processing group to produce and export 180,000 metric tons of high-grade food-use inputs annually to a Northeast Asian market, leveraging Malaysia's unique trade advantages under the ASEAN Free Trade Agreement [1][5] Supply Gaps & Regulatory Adjustments - The destination market is facing a significant supply-demand gap of 5 million metric tons annually in essential food-use inputs, with imports being strictly controlled under quotas and high import duties [5] - Malaysia is the only ASEAN country with unrestricted, tax-free access under the ASEAN Free Trade Agreement, providing a competitive edge in reaching the market efficiently [5] - Recent trade restrictions on neighboring ASEAN countries due to compliance issues have further solidified Malaysia's position as a key partner for duty-exempt access [5] Market Disruption Creates Opportunity - The joint venture aims to scale initial export volume from 180,000 MT to 360,000 MT in response to market needs and policy evolution [5] - The facility will be located at Port Klang, Malaysia, utilizing existing world-class refining infrastructure [5] Competitive Advantages - Malaysian-origin products benefit from a 0% tariff status under the FTA, offering a significant pricing advantage over non-member countries facing import duties exceeding 50% [5] - The products are fully compliant with stringent food-grade standards, unlike regional competitors facing bans or rejections [5][6] - The joint venture's logistics capabilities ensure compliance with traceability and anti-dumping standards, enhancing market confidence [6] Market Confidence & Strategic Financial Impact - The joint venture is expected to generate robust top-line performance, with projected revenue of USD 117 million in the first year from handling 180,000 metric tons, and an anticipated revenue of USD 234 million in the second year with volume doubling to 360,000 metric tons [9][11] - EBITDA margins are projected to exceed industry benchmarks, reflecting the structural advantages of the joint venture's trade and production setup [11]

Table of Contents As filed with the U.S. Securities and Exchange Commission on August 31, 2023 Registration No. 333-270427 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 5 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Davis Commodities Limited (Exact name of registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) Cayman Islands 5150 Not Applicable (State or other jurisdiction of incorporation or organ ...

Table of Contents As filed with the U.S. Securities and Exchange Commission on August 22, 2023 Registration No. 333-270427 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 4 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Davis Commodities Limited (Exact name of registrant as specified in its charter) Cayman Islands 5150 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Not Applicable (Translati ...

Table of Contents As filed with the U.S. Securities and Exchange Commission on July 10, 2023 Registration No. 333-270427 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 3 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Davis Commodities Limited (Exact name of registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) Cayman Islands 5150 Not Applicable (State or other jurisdiction of incorporation or organiz ...

As filed with the U.S. Securities and Exchange Commission on July 3, 2023 Registration No. 333-270427 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 2 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Table of Contents Davis Commodities Limited (Exact name of registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) Cayman Islands 5150 Not Applicable (State or other jurisdiction of incorporation or organiza ...

Table of Contents As filed with the U.S. Securities and Exchange Commission on June 26, 2023 Registration No. 333-270427 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Davis Commodities Limited (Exact name of registrant as specified in its charter) Not Applicable (I.R.S. Employer Identification Number) 10 Bukit Batok Crescent, #10-01, The Spire Singapore 658079 +65 6896 5333 (Address, including zip c ...

Table of Contents As filed with the U.S. Securities and Exchange Commission on March 9, 2023 Registration No. 333-[ ] UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Davis Commodities Limited (Exact name of registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) Cayman Islands 5150 Not Applicable (State or other jurisdiction of (Primary Standard Industrial (I.R.S. Employer ...