Dear Shareholders,
Celebrating our 25th anniversary in 2024,
We are proud of what we have achieved in 2023. Our financial performance has demonstrated strong resilience against headwinds, such as high market volatility and economic uncertainty. The restructuring of our business at the beginning of 2024 also heralds a year of gathering momentum for future growth. In 2024, we intend to continue to upgrade our business model to deliver greater value and remain committed to offering quality products to our customers.
We’re pleased to share with you our achievements over the past year and our outlook for 2024.
Our Achievements in 2023
Nasdaq Listing Marks a
On
We believe the successful listing ushers in a new era of our global development, amplifying our growth potential in a global landscape. We expect to leverage the opportunity to pursue strategic partnerships and optimize our business in building up our competitiveness in the shifting international market.
Our Key Strategies and Initiatives in 2024
Strategic Consolidation to Streamline Operation and Bolster Growth
On
Figure 1. The Corporate Structure of
After the consolidation, the business operations of Maxwill (
The move is initiated to tap into our fully-integrated network and resources, and we expect to gear up for an accelerating growth pattern. The move also aims to streamline operational procedures to respond promptly to market changes and expedite the delivery of our products. The combined resources and anticipated agility are expected to elevate our service quality and boost our competitiveness.
Market Opportunities for Potential Growth
According to the industry report prepared by
We believe that the coming year promises great growth opportunities, which we hope to seize upon through dedicated focus on our products and continued upgrades and expansion of our business. We are actively exploring growth opportunities that align closely with our strategic objectives. As part of our expansion initiatives, we plan to enhance the capabilities of our trading team, prioritizing market and product development.
Thank you again for your support for
Ms.
Executive Chairwoman and Executive Director
About
Based in
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may,” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the
For more information, please contact:
Investor Relations Department
Email: investors@daviscl.com
Ascent Investor Relations LLC
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3d3796bb-bb73-41f6-956a-436c4647ed92
Figure 1. The Corporate Structure of Davis Commodities Pte. Ltd.
After the consolidation, the business operations of Maxwill (Asia ) Pte. Ltd., LP Grace Pte. Ltd. , and Maxwill Foodlink Pte. Ltd. will be brought into one operating company, Davis Commodities Pte. Ltd.
2024 GlobeNewswire, Inc., source