Company: DSWL
Filing Date: 2025-07-29
Form Type: 20-F
Source: 0001174947-25-001096
Chunk: 104

Company: DESWELL INDUSTRIES INC
Filing Date: 2025-07-29
Form: 20-F
Item: Item 10
Chunk 104
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 decisions and current administrative rulings and practice, all of which are subject to change, possibly on a retroactive basis. The summary applies to you only if you hold our common shares as a capital asset within the meaning of Section 1221 of the Code. In addition, this summary generally addresses certain U. S. federal income tax consequences to U. S. Holders if we were to be classified as a PFIC. The United States Internal Revenue Service, or the IRS, may challenge the tax consequences described below, and we have not requested, nor will we request, a ruling from the IRS or an opinion of counsel with respect to the United States federal income tax consequences of acquiring, holding or disposing of our common shares. This summary does not purport to be a comprehensive description of all the tax considerations that may be relevant to the ownership of our common shares. In particular, the discussion below does not cover tax consequences that depend upon your particular tax circumstances nor does it cover any state, local or foreign law, or the possible application of non-incometax (such as the United States federal estate or gift tax). You are urged to consult your own tax advisors regarding the application of the United States federal income tax laws to your particular situation as well as any state, local, foreign and non-incometax consequences of the ownership and disposition of the common shares. In addition, this summary does not take into account any special United States federal income tax rules that apply to a particular U. S. or Non-U. S. holder of our common shares, including, without limitation, the following:

•a dealer in securities or currencies;

•a trader in securities that elects to use a market-to-marketmethod of accounting for its securities holdings;

•a financial institution or a bank;

•an insurance company;

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•real estate investment trust;

•regulated investment companies;

•a partnership or other pass-throughentity for U. S. federal income tax purposes;

•a tax-exemptorganization;

•a person that holds our common shares in a hedging transaction or as part of a straddle or a conversion transaction;

•a person whose functional currency for United States federal income tax purposes is not the U. S. dollar;

•a person liable for alternative minimum tax;

•a person that owns, or is treated as owning, 10% or more, by voting power or value, of our common shares;

•certain former U. S. citizens and residents who have expatriated; or

•a