Deswell Announces Filing and Availability of Annual Report on Form 20-F

Deswell Industries, Inc. (Nasdaq: DSWL) today announced that the
Company has filed its Annual Report on Form 20-F, which includes its
audited financial statements for its fiscal year ended March 31, 2018,
with the United States Securities and Exchange Commission (“SEC”). The
Company’s Annual Report is available on the SEC’s website at http://www.sec.gov.

The Company will deliver a paper copy of its fiscal 2018 Annual Report
on Form 20-F, including its complete audited financial statements, free
of charge, to any shareholder within a reasonable time after request. To
obtain a paper copy of Deswell’s fiscal 2018 Annual Report on Form 20-F,
written request should be made to Deswell Industries, Inc., 10B,
Edificio Associacao Industrial De Macau, No. 32-36 Rua do Comandante
Mata e Oliveira, Macau, Special Administrative Region, PRC.

Deswell is an independent manufacturer of injection-molded plastic parts
and components, electronic products and subassemblies and metallic molds
and accessory parts for original equipment manufacturers, or “OEMs” and
contract manufacturers. Deswell also began to distribute audio equipment
in China. The company conducts all of its manufacturing activities at
separate plastics and electronics operation factories located in
Dongguan, People’s Republic of China. Deswell produces a wide variety of
plastic parts and components used in the manufacture of consumer,
automotive, medical and industrial products. Electronic products
manufactured by the Company include sophisticated professional audio
equipment, high end home theatre audio products, and complex printed
circuit board assemblies and telecommunication products.

To learn more about Deswell Industries, Inc., please visit the Company’s
web site at www.deswell.com.

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