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Davis Commodities (DTCK) appoints new independent director and reshuffles key committees

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Davis Commodities Limited reports changes to its board and committees. On January 31, 2026, Non-Executive and Independent Director Wang Rui resigned for personal reasons, with no disagreements related to the company’s operations or policies. The board appointed Leyng Thai Weng as an Independent and Non-Executive Director and member of the Nominating and Corporate Governance, Audit, and Compensation Committees, and named him Chairperson of the Compensation Committee. Long Jia Kwang became Chairperson of the Nominating and Corporate Governance Committee. The company determined that Mr. Leyng meets Nasdaq and Rule 10A-3 independence requirements.

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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 February 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of Davis Commodities Limited on Form F-3 (File No. 333-286042) filed with the SEC on March 24, 2025, to the extent not superseded by documents or reports subsequently filed or furnished.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 Directors

 

On January 31, 2026, the Board of Directors (the “Board”) of Davis Commodities Limited (the “Company”) accepted the resignation of Mr. Wang Rui as a Non-Executive and Independent Director of the Company, including his roles as Chair of the Nominating and Corporate Governance Committee and as a member of the Audit Committee and the Compensation Committee, effective the same day (the “Resignation”). Mr. Wang resigned for personal reasons, 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 January 31, 2026, the Board appointed Mr. Leyng Thai Weng as (i) an Independent and 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, replacing Mr. Long Jia Kwang, effective January 31, 2026. In addition, Mr. Long Jia Kwang was appointed Chairperson of the Nominating and Corporate Governance Committee, effective January 31, 2026 (collectively, the “Appointments”). The Company has determined that Mr. Leyng Thai Weng satisfies the “independence” requirements of the corporate governance rules of The Nasdaq Stock Market LLC and Rule 10A-3 under the Securities Exchange Act of 1934, as amended.

 

Mr. Leyng Thai Weng, age 44, has served as a Non-Executive and Independent Director of the Company since January 31, 2026. He is a finance and accounting professional with over 18 years of experience in corporate finance and corporate governance for public and private companies. Since June 2023, Mr. Leyng has served as a senior officer of an SGX-listed company. Prior to that, he held director and senior management positions with several companies. Mr. Leyng is a member of the Malaysian Institute of Accountants. He received a Bachelor of Accounting from the University of Malaya in 2006 and a Master of Business Administration from Murdoch University in 2018.

 

Mr. Leyng Thai Weng does not have any family relationship with any director or executive officer of the Company and has not been involved in any transaction with the Company during the past two years 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: February 2, 2026 By: /s/ Li Peng Leck
  Name: Li Peng Leck
  Title: Executive Chairperson and Executive Director (Principal Executive Officer)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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FAQ

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

Davis Commodities reported the resignation of independent director Wang Rui and the appointment of Leyng Thai Weng as an Independent and Non-Executive Director. Committee leadership was also reshuffled, with Leyng chairing Compensation and Long Jia Kwang chairing Nominating and Corporate Governance.

Why did Wang Rui resign from the Davis Commodities (DTCK) board?

Wang Rui resigned from the Davis Commodities board for personal reasons. The company states his resignation was not due to any disagreement with the board or the company on operations, policies, or practices, which suggests no disclosed governance dispute tied to his departure.

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

The company appointed Leyng Thai Weng as an Independent and Non-Executive Director on January 31, 2026. He brings over 18 years of finance and corporate governance experience, including a senior officer role at an SGX-listed company since June 2023 and prior director positions.

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

Yes, Davis Commodities determined that Leyng Thai Weng satisfies the independence requirements under Nasdaq corporate governance rules and Rule 10A-3 under the Exchange Act. This supports his eligibility to serve on key board committees such as Audit, Compensation, and Nominating and Corporate Governance.

What committee roles did Leyng Thai Weng assume at Davis Commodities (DTCK)?

Leyng Thai Weng joined the Nominating and Corporate Governance, Audit, and Compensation Committees on January 31, 2026. He was also appointed Chairperson of the Compensation Committee, taking over that leadership role while committee membership remained aligned with Nasdaq independence standards.

How were committee chair positions changed at Davis Commodities (DTCK)?

Following Wang Rui’s resignation, Davis Commodities named Leyng Thai Weng as Chairperson of the Compensation Committee and appointed Long Jia Kwang as Chairperson of the Nominating and Corporate Governance Committee, both effective January 31, 2026, adjusting independent oversight roles on these key committees.