Company: DSWL
Filing Date: 2025-07-29
Form Type: 20-F
Source: 0001174947-25-001096
Chunk: 93

Company: DESWELL INDUSTRIES INC
Filing Date: 2025-07-29
Form: 20-F
Item: Item 7
Chunk 93
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5           
  Wai Ming Lau                                                —               61.8               61.8           
  Richard Pui Hon Lau                                      61.7      (2)         —      (3)         —      (3)  
  Chin Pang Li                                             10.1               10.1                8.9           

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(1)Based on 15,935,239shares outstanding at June 30, 2023, 15,935,239 shares outstanding at June 30, 2024, and 15,935,239 shares outstanding at June 30, 2025: In accordance with Rule 13d-3(d) (1) under the Securities Exchange Act of 1934, common shares not outstanding at the specified date but which were the subject of options exercisable within 60 days of the specified date are considered outstanding for the purpose of computing the percentage of outstanding common shares owned by the listed person holding such options, but are not considered outstanding for the purpose of computing the percentage of common shares owned by any of the other listed persons.

(2)Mr. Lau’s shares were held by the Lau family as of June 30, 2023.

(3)Mr. Lau passed away on June 12, 2023. Upon settlement of his estate, Ms. Lau inherited all of the Common Shares owned by Mr. Lau.

All of the holders of the Company’s common shares (including Deswell’s major shareholders) have equal voting rights with respect to the common shares held. As of June 30, 2025, approximately 10 holders of record, who, management believes, held for more than 3,000 beneficial owners, held Deswell’s common shares. According to information supplied to the Company by its transfer agent, at June 30, 2025, 7 holders of record with addresses in the United States held approximately 12.8 million of our outstanding common shares.

Related Party Transactions

Deswell had no transactions of the kind specified in ITEM 7. B. of Form 20-Ffrom April 1, 2020 through June 30, 2025, the latest practical date prior to filing of this Annual Report.

It is Deswell’s policy that all transactions between Deswell and any interested director or executive officer be approved by a majority of the disinterested directors and be on terms that are no more favorable than would be available from an independent third party.

ITEM 8. FINANCIAL INFORMATION