Company: DSWL
Filing Date: 2025-07-29
Form Type: 20-F
Source: 0001174947-25-001096
Chunk: 158

Company: DESWELL INDUSTRIES INC
Filing Date: 2025-07-29
Form: 20-F
Item: Item 18
Chunk 158
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,188                ( 3,188                 ( 3,188  
  Net cash used in financing activities                                                                            ( 3,188                ( 3,188                 ( 3,188  
  Net increase (decrease) in cash and cash equivalents                                                                 691                  ( 714                       8  
  Cash and cash equivalents, beginning of year                                                                         227                    918                     204  
  Cash and cash equivalents, end of year                                                 $                             918      $             204      $              212  

Basis of presentation

In Deswell Industries, Inc. -onlyfinancial statements, Deswell Industries, Inc.’s investments in subsidiaries are stated at cost plus its equity interest in undistributed earnings of subsidiaries since inception. Accordingly, such financial statements should be read in conjunction with the Company’s consolidated financial statements.

Deswell Industries, Inc. records its investments in its subsidiaries under the equity method of accounting as prescribed in ASC 323 “ Investment-EquityMethod and Joint Ventures”. Such investment is presented on the balance sheets as “ Investments in subsidiaries” and share of the subsidiaries’ profit or loss as “ Equity in earnings (loss) of subsidiaries”, on the statements of comprehensive income.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with U. S. generally accepted accounting principles have been condensed or omitted.

F-26

Table of Contents

DESWELL INDUSTRIES, INC.

ITEM 19. EXHIBITS

The following documents are filed as exhibits herewith:

  Exhibit No.      Description                                                                                                                                                                                           
          1.1      Memorandum and Articles of Association (as amended and restated on 13 th December, 2007) (incorporated by reference to Exhibit 1.1 to registrant’s Registration Statement on Form 8-A filed with ...  
          1.2      Amendment to Regulation 6.15 of registrant’s Articles of Association as filed with the Registrar of Corporate Affairs of the British Virgin Islands on March 26, 2010 (incorporated by reference ...  
          2.1      Form of common share certificate (incorporated by reference to Exhibit 4.1 of Amendment No. 1 to Deswell’s Registration Statement on Form F-1 filed with the SEC on July 13, 1995).                   
          4.1      2001 Stock Option Plan (incorporated by reference to Exhibit A to the Company’s Proxy Statement for its 2001 Annual Meeting of Stock