Davis Commodities names new independent director

Davis Commodities Limited reported that on April 1, 2026, independent non-executive director Mr. Leyng Thai Weng resigned from the Board and its nominating and corporate governance, audit, and compensation committees due to other time commitments.

Rhea-AI Filing Summary

Davis Commodities Limited reported that on April 1, 2026, independent non-executive director Mr. Leyng Thai Weng resigned from the Board and its nominating and corporate governance, audit, and compensation committees due to other time commitments. The company states there was no disagreement with the Board or the company regarding operations, policies, or practices.

On the same date, the Board appointed Mr. Lim Chow Sheng as an independent non-executive director, a member of all three key Board committees, and chairperson of the compensation committee. The Board determined he meets Nasdaq and U.S. regulatory independence standards, and he brings over 20 years of accounting, finance and audit experience.

Key Figures

Effective date of resignation and appointment: April 1, 2026 Age of new director: 46 years Professional experience: Over 20 years +2 more

5 metrics

Effective date of resignation and appointment April 1, 2026 Board accepted Mr. Leyng’s resignation and appointed Mr. Lim

Age of new director 46 years Age of Mr. Lim Chow Sheng as disclosed

Professional experience Over 20 years Mr. Lim’s experience in accounting, finance and audit

Start as director at accounting firm March 2020 Mr. Lim began serving as a director of a Singapore-based accounting services firm

Bachelor’s degree year 2004 Year Mr. Lim received his Bachelor of Accountancy with Honours

Key Terms

Independent Non-Executive Director, Audit Committee, Nominating and Corporate Governance Committee, Compensation Committee, +2 more

6 terms

Independent Non-Executive Director financial

"accepted the resignation of Mr. Leyng Thai Weng as an Independent Non-Executive Director of the Company"

An independent non-executive director is a board member who is not part of a company’s day-to-day management and has no close ties to major owners, so they can offer unbiased oversight of strategy, risks, and executive pay. For investors, they act like an impartial referee who helps prevent conflicts of interest, improve transparency and hold management accountable, which can reduce governance risk and protect shareholder value.

Audit Committee financial

"a member of the audit committee of the Board ("Audit Committee")"

A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.

Nominating and Corporate Governance Committee financial

"a member of the nominating and corporate governance committee of the Board ("Nominating and Corporate Governance Committee")"

A nominating and corporate governance committee is a group within a company's board of directors responsible for selecting and recommending individuals to serve as company leaders, such as directors or executives. They also develop and oversee policies to ensure the company is run fairly, ethically, and transparently. This committee matters to investors because it helps ensure the company is well-managed and guided by qualified, responsible leadership.

Compensation Committee financial

"chairperson of the compensation committee of the Board ("Compensation Committee")"

A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.

Sarbanes-Oxley Act of 2002 regulatory

"satisfies the applicable independence requirements for service on the Audit Committee under section 301 of the Sarbanes-Oxley Act of 2002"

Item 404(a) of Regulation S-K regulatory

"material interest that would require disclosure under Item 404(a) of Regulation S-K"

FAQ

What board changes did Davis Commodities (DTCK) disclose in this 6-K?

Davis Commodities disclosed the resignation of independent non-executive director Mr. Leyng Thai Weng and the appointment of Mr. Lim Chow Sheng as an independent director and committee member, including chair of the compensation committee, all effective April 1, 2026.

Why did the independent director resign at Davis Commodities (DTCK)?

The independent non-executive director Mr. Leyng Thai Weng resigned due to other time commitments. The company states his resignation was not because of any disagreement with the Board or the company on operations, policies, or practices, suggesting an orderly governance transition.

Who is the new independent director appointed by Davis Commodities (DTCK)?

Davis Commodities appointed Mr. Lim Chow Sheng, age 46, as an independent non-executive director. He also joins the nominating and corporate governance, audit, and compensation committees and serves as compensation committee chair, bringing over 20 years of accounting, finance, and audit experience in Singapore and Malaysia.

Does the new Davis Commodities (DTCK) director meet Nasdaq independence standards?

The Board determined that Mr. Lim Chow Sheng qualifies as an independent director under Nasdaq corporate governance rules. He also meets independence requirements for audit, nominating and corporate governance, and compensation committee service under the Sarbanes-Oxley Act, SEC Rule 10A-3, and Nasdaq listing rules.

Are there related-party transactions involving the new DTCK director?

The company states that since the beginning of its last completed fiscal year, there have been no transactions, and there are no proposed transactions, involving Davis Commodities and Mr. Lim Chow Sheng that would require disclosure as related-party transactions under Item 404(a) of Regulation S-K.

Is there any family relationship between the new DTCK director and management?

Davis Commodities reports that Mr. Lim Chow Sheng does not have any family relationship with any director or executive officer of the company. This supports his status as an independent non-executive director under applicable governance and listing standards.

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Accepted by SEC EDGAR 04/13/2026 - 12:23 PM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of April 2026

Commission File Number: 001-41804

Davis Commodities Limited

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

Singapore 658079

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☒ Form 40-F ☐ 

Incorporation by reference

This report on Form 6-K is hereby incorporated by reference in the registration statement of Davis Commodities Limited on Form F-3 (File No. 333-286042) filed with the SEC on March 24, 2025, to the extent not superseded by documents or reports subsequently filed or furnished.

INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K

Resignation and Appointment of Independent Director

On April 1, 2026, the board of directors (the “Board”) of Davis Commodities Limited (the “Company”) accepted the resignation of Mr. Leyng Thai Weng (“Mr. Leyng”) as an Independent Non-Executive Director of the Company, including his roles as a member of the nominating and corporate governance committee of the Board (“Nominating and Corporate Governance Committee”), a member of the audit committee of the Board (“Audit Committee”), and chairperson of the compensation committee of the Board (“Compensation Committee”), effective on the same day (the “Resignation”). Mr. Leyng resigned due to other time commitments, and his resignation was not the result of any disagreement with the Board or the Company on any matter relating to the Company’s operations, policies or practices.

On April 1, 2026, the Board appointed Mr. Lim Chow Sheng (“Mr. Lim”) as (i) an Independent Non-Executive Director of the Company, (ii) a member of each of the Nominating and Corporate Governance Committee, the Audit Committee, and the Compensation Committee, and (iii) chairperson of the Compensation Committee, in each case effective on April 1, 2026 (the “Appointment”). The Board has determined that Mr. Lim qualifies as an independent director under the applicable corporate governance rules of The Nasdaq Stock Market LLC, satisfies the applicable independence requirements for service on the Audit Committee under section 301 of the Sarbanes-Oxley Act of 2002, as amended, Rule 10A-3 under the Securities Exchange Act of 1934, as amended, and satisfies the applicable independence requirements for service on the Nominating and Corporate Governance Committee and the Compensation Committee under the Nasdaq listing rules.

Mr. Lim, age 46, has over 20 years of experience in accounting, finance and audit. Since March 2020, he has served as a director of a Singapore-based accounting services firm. Prior to that, he held various finance, accounting and audit roles with companies in Singapore and Malaysia. Mr. Lim received a Bachelor of Accountancy with Honours from University Utara Malaysia in 2004.

Mr. Lim does not have any family relationship with any director or executive officer of the Company. Since the beginning of the Company’s last completed fiscal year, there have been no transactions, and there are no proposed transactions, in which the Company was or is to be a participant and in which Mr. Lim had, or will have, a direct or indirect material interest that would require disclosure under Item 404(a) of Regulation S-K.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Davis Commodities Limited
Date: April 13, 2026	By:	/s/ Li Peng Leck
	Name:	Li Peng Leck
	Title:	Executive Chairperson and Executive Director (Principal Executive Officer)

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