Deswell Industries Inc. Appoints New Chief Financial Officer

Company Appointment - Deswell Industries, Inc. appointed Ms. Karen Chan Chi Yin as Chief Financial Officer effective February 2, 2026, succeeding Mr. Herman Wong who resigned to pursue other interests [1] - Ms. Chan has over 20 years of financial experience, specializing in accounting, mergers and acquisitions, and IPOs for Hong Kong-listed companies [1] - She previously worked at Deswell from 2004 to 2008 and held senior financial roles at other companies, most recently as CFO at SIM Technology Group Ltd [1] Financial Performance - For the first half of fiscal 2026, Deswell reported net sales of $33.2 million, a decrease of 5.5% compared to $35.2 million in the same period of fiscal 2025 [2] - The plastic segment saw a 13.8% decrease in sales to $5.0 million, while the electronic segment experienced a 3.9% decline to $28.2 million [2] - In the second half of fiscal 2025, net sales were $32.4 million, an increase of 2.5% from $31.6 million in the same period of fiscal 2024 [2] - The plastic segment's sales decreased by 11.1% to $5.4 million, while the electronic segment's sales increased by 5.8% to $27.0 million [2]