UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 September 30, 2024 Commission File Number: 001-33900 DESWELL INDUSTRIES, INC. (Translation of registrant's name into English) 10B, Edificio Associacao Industrial De Macau No. 32 Rua do Comandante Mata e Oliveira Macao, Special Administrative Region, PRC (Address of principal executive office) Indicate by check mark wheth ...

FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 REPORT OF FOREIGN ISSUER Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For August 9, 2024 Commission File Number: 001-33900 DESWELL INDUSTRIES, INC. (Registrant's name in English) 10B Edificio Associacao Industrial de Macau 32-36 Rua do Comandante Mata e Oliveira Macau Special Administrative Region, PRC (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________ FORM 20-F ______________________________ British Virgin Islands Herman Wong, Chief Financial Officer, (Jurisdiction of incorporation or organization) Telephone: 853-28-322096; Fax: 853-28-323265 E-mail: hermanwong@jetcrown.net 10B, Edificio Associacao Industrial De macau 32 Rua do Comandante Mata e Oliveira, Macao Special Administrative Region, PRC (Address of Principal Executive Offices) (Name, Telephone, ...

Group 1: Company Leadership - Deswell Industries, Inc. has elected Ms. Lau Wai Ming as Chairman of the Board, effective February 19, 2024 [1] - Ms. Lau was previously an Executive Director at PAG Consulting, overseeing Global Human Capital operations [1] - She has over 13 years of experience at Goldman Sachs, including serving as an Executive Director in the Finance Division [1] Group 2: Company Overview - Deswell manufactures injection-molded plastic parts, electronic products, and metallic molds for OEMs and contract manufacturers in China [2] - The company produces a variety of plastic components for consumer and industrial products, including printed circuit board assemblies and finished products like telephones and audio equipment [2]

Company Overview - Deswell Industries, Inc. filed its Annual Report on Form 20-F for the fiscal year ended March 31, 2023, with the SEC[2]. - The Company manufactures injection-molded plastic parts, electronic products, and subassemblies for OEMs and contract manufacturers in China[3]. - Deswell produces a variety of products including printed circuit board assemblies and finished goods such as telephones and IoT products[3].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark one) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF ...

FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 REPORT OF FOREIGN ISSUER Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For June 20, 2023 DESWELL INDUSTRIES, INC. (Registrant's name in English) 10B Edificio Associacao Industrial de Macau 32-36 Rua do Comandante Mata e Oliveira Macau Special Administrative Region, PRC (Address of principal executive offices) Deswell Announces Second Half 2023 Results - Company Announces Second Half Cash Dividend of 0.10 Per Share ...

Company Overview - Deswell Industries, Inc. filed its Annual Report on Form 20-F for the fiscal year ended March 31, 2022, with the SEC[3] - The Company manufactures injection-molded plastic parts, electronic products, and subassemblies for OEMs and contract manufacturers in China[4] - Deswell produces a variety of products including printed circuit board assemblies and finished products such as telephones and IoT devices[4]

Dividends and Financial Management - Deswell paid dividends of $2.39 million, $2.86 million, and $3.19 million for the fiscal years ended March 31, 2020, 2021, and 2022 respectively, with future dividends dependent on growth and earnings[22]. - The company expects to continue its cash dividend policy on a semi-annual basis based on six-month results, contingent on future performance[22]. - The company has no long-term contracts for plastic resins, exposing it to potential profit margin fluctuations due to price increases[32]. - The company may face difficulties in enforcing agreements under the Chinese legal system, which could affect operations[88]. - The company’s ability to pay dividends may be restricted due to PRC regulations on profit distribution and withholding tax[95][96]. Regulatory and Compliance Risks - Deswell's auditor is subject to PCAOB inspection determinations, and failure to meet these requirements could lead to delisting from Nasdaq, adversely affecting investment value[19]. - Current PRC regulations allow dividends from PRC subsidiaries only from accumulated profits, with a requirement to set aside at least 10% of after-tax profits for statutory reserves[25]. - The company has been classified as a Passive Foreign Investment Company (PFIC) for the fiscal year ended March 31, 2022, which may have adverse tax consequences for U.S. investors[45]. - The PRC government has indicated an intent to exert more oversight over overseas offerings and foreign investments, which could significantly limit the company's ability to offer securities and negatively impact their value[105]. - The company is subject to significant political and economic risks due to its international operations, including changes in governmental policies and trade restrictions[137]. Economic and Market Conditions - The global economy is projected to expand by only 3.1% in 2022, down from 5.4% in 2021, indicating a significant slowdown due to COVID-19 and geopolitical tensions[39]. - Future economic conditions and the potential for a global recession may adversely affect the company's business operations and financial performance[35]. - Increased energy, food, and commodity prices due to the war in Ukraine have contributed to rising inflation and a weakened global growth outlook[39]. - The ongoing COVID-19 pandemic has caused significant disruptions in manufacturing operations and global supply chains, affecting the company's financial condition[36]. - The company faces significant competition in the injection-molded plastic parts and electronic manufacturing services sectors, with many competitors having lower cost structures and greater resources[60]. Operational Risks - The company has faced significant risks due to regulatory actions by the PRC government, which may impact operations and foreign investments[16]. - Deswell's operations are primarily conducted through subsidiaries in Macao and mainland China, which presents unique legal and operational risks[16]. - The company faces risks from potential delivery failures or component shortages due to supply chain vulnerabilities exacerbated by COVID-19[37]. - Shortages of electronic components have been experienced, which can lead to production delays, increased costs, and negatively impact customer relationships[65][67]. - The company’s operations are subject to environmental regulations that may increase costs and disrupt operations if compliance is not met[76][78]. Financial Performance and Assets - As of March 31, 2022, the company had cash on hand of $13.5 million and time deposits of $4.4 million, with approximately $2.6 million in Hong Kong, $4.5 million in Macao, and $10.8 million in the PRC[59]. - The company incurred capital expenditures of $1,504,000 in the fiscal year ended March 31, 2022, compared to $551,000 in 2021 and $507,000 in 2020[155]. - As of March 31, 2022, the company maintained insurance coverage of approximately $141 million for damages to fixed and movable assets, but this may not be sufficient to cover all potential losses[70]. - Approximately 58.1% of the net book value of the company's total identifiable assets was located in China as of March 31, 2022[137]. - The company has constructed approximately 1.3 million square feet of land for manufacturing and dormitory buildings in Dongguan, China, under a 50-year land-lease agreement[211]. Customer and Sales Dependency - Two major customers accounted for 31.7% of the company's net sales during the year ended March 31, 2022, highlighting dependency on a small customer base[41]. - Major customers accounted for significant percentages of net sales: Customer B 20.1%, Customer C 11.6% for the year ended March 31, 2022[199]. - Net sales by geographic area for the year ended March 31, 2022, were as follows: China 40.1%, United States 12.2%, Europe 15.6%, Hong Kong 13.5%, United Kingdom 7.8%, Canada 6.4%[194]. Workforce and Labor Costs - The company reduced its workforce by 140 employees in the fiscal year ended March 31, 2022, following reductions of 25 and 100 in the fiscal years ended March 31, 2021 and 2020, respectively[128]. - Minimum wages in Guangdong Province, where the company's manufacturing facilities are located, increased by approximately 10% in December 2021, impacting labor costs[122]. - The company may face higher costs under China's Labor Contract Law if future workforce reductions are necessary, which could adversely affect its financial condition[128]. Manufacturing and Production - The Company conducted its plastic manufacturing operations in approximately 1,070,000 square feet of factory space in Dongguan, China, as of March 31, 2022[166]. - The Company used in excess of 7,506,000 pounds of plastic resins during the year ended March 31, 2022[188]. - The Company has maintained ISO 9001 certifications for both its plastic and electronic products manufacturing operations since 1995[183]. - The average weight of the molds produced by the Company is about 1,300 pounds, costing an average of $8,800 per set[170]. - The Company has found that increases in resin prices can be difficult to pass on to its customers, which could adversely affect operations[188].