Company: DSWL
Filing Date: 2025-07-29
Form Type: 20-F
Source: 0001174947-25-001096
Chunk: 51

Company: DESWELL INDUSTRIES INC
Filing Date: 2025-07-29
Form: 20-F
Item: Item 4
Chunk 51
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 plant and machinery for plastic and electronic products;

•$37,000 for motor vehicles; and

•$46,000 for furniture, fixtures and equipment.

Our major capital expenditures in fiscal 2024 included:

•$111,000 for leasehold improvements;

•$92,000 for plant and machinery for plastic and electronic products;

•$36,000 for motor vehicles; and

•$142,000 for furniture, fixtures and equipment.

Our major capital expenditures in fiscal 2023 included:

•$231,000 for leasehold improvements;

•$506,000 for plant and machinery for plastic and electronic products; and

•$55,000 for furniture, fixtures and equipment.

All of the foregoing capital expenditures were financed principally from internally generated funds and our current plan is to continue to use internally generated funds principally to finance future capital expenditures.

The Company has constructed its own manufacturing plant and dormitory buildings in Houjie, Dongguan China with an aggregate of approximately 1.3 million square feet of land. Management believes that the current plant facility has sufficiently met the Company’s existing requirements. Thus, the Company has postponed additional construction, consisting of previously planned additions of two dormitory units and two other buildings. We may choose to inaugurate this last phase of construction if additional production capacity is required in the future.

Availability of Additional Information.

The SEC maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC. Such information is available at http://www. sec. gov. The Company’s website is http://www. deswell. com.

Business Overview

We are an independent manufacturer of injection-moldedplastic parts and components, electronic products and subassemblies and metallic molds and accessory parts for original equipment manufacturers, or “ OEMs” and contract manufacturers. We conduct all of our manufacturing activities at separate plastics, electronics and metallic operation factories located in the People’s Republic of China.

Table of Contents

We produce a wide variety of plastic parts and components that are used in the manufacture of consumer and industrial products, using different plastic injection technologies, such as film injection, integrated injection and insert injection. The products include:

•plastic components of electronic entertainment products;

•plastic components for power tools, accessories and outdoor equipment;

•cases for flashlights, telephones, printers, scanners;

•parts for industrial components;

•parts for indoor control switches;

•parts for audio equipment;

•cases and key tops for personal organizers and remote controls;