Company: DSWL
Filing Date: 2025-07-29
Form Type: 20-F
Source: 0001174947-25-001096
Chunk: 120

Company: DESWELL INDUSTRIES INC
Filing Date: 2025-07-29
Form: 20-F
Item: Item 16B
Chunk 120
---
ITEM 16B. CODE OF ETHICS

The Company has adopted a Code of Ethics for its Chief Executive Officer and Senior Financial Officers (the “ Code of Ethics”), which applies to the Company’s principal executive officer and to its principal financial and accounting officers. A copy of the Code of Ethics is included as Exhibit 11.1 to this Annual Report on Form 20-F. The Code of Ethics supplements the Company’s Code of Business Conduct and Ethics applicable to directors, officers and employees generally, which is included as Exhibit 11.2 to this Annual Report on Form 20-F.

Table of Contents

ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES

Deswell’s principal accountants for the audit of its financial statements for the years ended March 31, 2024 and March 31, 2025 were BDO China Shu Lun Pan Certified Public Accountants LLP (“ BDO China”). The following table presents the aggregate fees for professional services and other services rendered to Deswell by BDO China for the years ended March 31, 2024 and 2025.

                              Year ended March 31,                              
                              (in thousands)                                    
                              2024                               2025           
 ────────────────────────────────────────────────────────────────────────────────
  Audit fees (1)              $                         420      $         428  
  Audit-related fees (2)                                —                  —    
  Tax fees (3)                                          —                  —    
  All other fees (4)                                    —                  —    
                              $                         420      $         428  

____________

(1)Audit Fees consist of fees billed for the annual audit of our consolidated financial statements. They also include fees billed for other audit services, which are those services that only the external auditor reasonably can provide, and include the provision for consents relating to the review of documents filed with the SEC.

(2)There were no other audit-relatedfees billed by the principal accountant during the last two fiscal years for assurance and related services that were reasonably related to the performance of the audit not reported under “ Audit Fees” above.

(3)There were no tax fees billed by the principal accountant during the last two fiscal years for advice services.

(4)There were no other fees billed by the principal accountant during the last two fiscal years for products and services provided.

Audit Committee Pre-approval Policies and Procedures

The Audit Committee’s policy is to pre-approveall audit and permissible non-auditrelated services provided