Company: DSWL
Filing Date: 2025-07-29
Form Type: 20-F
Source: 0001174947-25-001096
Chunk: 90

Company: DESWELL INDUSTRIES INC
Filing Date: 2025-07-29
Form: 20-F
Item: Item 6
Chunk 90
---
 to shareholder approval, approved amendments to the 2003 Stock Option Plan to increase by 900,000shares the number of shares that can be optioned and sold under the 2003 Stock Option Plan, bringing to a total of 3,500,000shares the number of common shares that can be optioned and sold under the 2003 Stock Option Plan. The Company’s shareholders approved this amendment at the Company’s Annual shareholders’ Meeting held on September 11, 2013.

The Company’s option plans are administered by the Board of Directors, which determines the terms of options granted, including the exercise price, the number of shares subject to the option and the option’s exercisability. The exercise price of all options granted under the option plans must be at least equal to the fair market value of such shares on the date of grant. The maximum term of options granted under the option plans is 10 years.

Through June 30, 2025, options to purchase an aggregate of 5,669,000shares had been granted under all of Deswell’s option plans. At June 30, 2025, there were no outstanding options to purchase the Company’s common shares, and 1,718,000shares were available for future grant under Deswell’s option plans.

ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS

Major Shareholders

The Company is not directly owned or controlled by another corporation or by any foreign government. The following table sets forth, as of June 30, 2025, the beneficial ownership of the Company’s common shares by each person known by the Company to beneficially own 5% or more of the common shares of the Company and by each of the Directors and Senior Management of the Company who beneficially own in excess of one percent of the Company’s common shares.

                                                     Shares beneficially owned (1)                        
  Name of beneficial owner or identity of group      Amount                                      Percent  
  Wai Ming Lau                                       9,841,851                          (2)      61.8     
  Chin Pang Li                                       1,425,750                          (3)      8.9      
  Herman Wong Chi Wah                                30,000                             (4)      *        
  Edward So Kin Chung                                50,000                             (5)      *        
  Hung-Hum Leung                                     —                                           —        
  Allen Yau-Nam Cham                                 —                                           —        
  Wing-Ki Hui                                        —                                           —        

____________