SINGAPORE, Feb. 6, 2026 — Davis Commodities Limited (“Davis Commodities” or the “Company”) has announced that its shareholders approved a share consolidation proposal during an Extraordinary General Meeting (EGM) held on February 4, 2026, at Genting Hotel Jurong in Singapore. This measure aims to boost the Company’s share price, regain compliance with minimum bid price requirements, enhance market credibility and investor confidence, and moderate excessive share price volatility.
The approved resolution authorizes the consolidation of both Class A and Class B ordinary shares of the Company. On February 5, 2026, the board of directors resolved to implement the share consolidation at a 20-for-1 ratio with immediate effect. Trading of the consolidated shares on the Nasdaq Capital Market (“Nasdaq”) is expected to become effective on or around February 16, 2026, subject to Nasdaq’s confirmation and the completion of relevant procedures. The board is also empowered to address any fractional entitlements arising from the consolidation, including by capitalizing reserves or profits and issuing additional shares where necessary to round up fractional holdings.
The resolution further grants the directors broad authority to take all necessary steps to implement the share consolidation, including related corporate actions. Shareholders could vote by proxy, via the internet, mail, or in person at the EGM; the ordinary resolution required a simple majority of votes cast by Class A and Class B shareholders voting together as a single class.
The proposal received strong support. Class A ordinary share holders cast 121,876 votes in favor, 137,089 against, and 1,850 abstentions. Class B shareholders—whose votes carry 30 per share—voted 495,449,430 in favor with no opposing votes. In total, 495,571,306 votes were in favor, 137,089 against, and 1,850 abstentions, representing 97.91% of the 506,305,124 votes attached to the Company’s issued and outstanding shares.
About Davis Commodities Limited
Headquartered in Singapore, Davis Commodities Limited is an agricultural commodity trading company specializing in sugar, rice, and oil and fat products across markets including Asia, Africa, and the Middle East. The Company sources, markets, and distributes commodities under two main brands: Maxwill and Taffy in Singapore. It also provides complementary and ancillary services to its commodity customers, such as warehouse handling, storage, and logistics. The Company uses an established global network of third-party suppliers and logistics providers to deliver its products to customers in over 20 countries.
For more information, visit https://ir.daviscl.com
Forward-Looking Statements
This press release contains forward-looking statements as defined by the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements are generally identifiable by terms like “believe,” “project,” “predict,” “budget,” “forecast,” “continue,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “could,” “should,” “will,” “would,” and similar expressions or their negatives.
Forward-looking statements are predictions, projections, and other claims about future events based on current expectations and assumptions, so they are subject to risks and uncertainties. Many factors could cause actual events to differ materially from these statements. The Company’s SEC filings identify and discuss other key risks and uncertainties that could lead to such differences.
Forward-looking statements are valid only as of their issuance date. Readers are cautioned not to place undue reliance on them. Davis Commodities Limited assumes no obligation and explicitly disclaims any intent to update or revise these statements, whether due to new information, future events, or otherwise.
CONTACT: For more information, please contact: Davis Commodities Limited Investor Relations Department Email: investors@daviscl.com Celestia Investor Relations Dave Leung Email: investors@celestiair.com
