ANNUAL MEETING OF SHAREHOLDERS
Deswell Industries, Inc., a British Virgin Islands corporation ("Deswell" or the "Company"), held its Annual Meeting of Shareholders at 10:00 a.m., local time, on September 30, 2022, at RM-516-517 Hong Leong Industrial Complex, 4 Wang Kwong Road, Kowloon Bay, Kowloon, HONG KONG, for the following purposes:
| 1. | To elect five (5) members of the Board of Directors to service for the ensuring year; |
| 2. | To ratify the selection of BDO China Shu Lun Pan Certified Public Accountants LLP as the independent registered public accountants of the Company for the year ending March 31, 2023. |
Only holders of no par value shares of record at the close of business on August 2, 2022, were entitled to notice of and to vote at the Annual Meeting.
RESULTS OF THE ANNUAL MEETING OF SHAREHOLDERS
On September 30, 2022, the Company's Annual Meeting of Shareholders was held at RM-516-517 Hong Leong Industrial Complex, 4 Wang Kwong Road, Kowloon Bay, Kowloon, HONG KONG. The results of the Annual Meeting were as follows:
| 1. | The following five (5) persons were elected to serve as directors of the Company for the ensuring year: Richard Pui Hon Lau, Chin Pang Li, Hung-Hum Leung, Allen Yau-Nam Cham and Wing-Ki Hui; |
| 2. | BDO China Shu Lun Pan Certified Public Accountants LLP was ratified as the independent registered public accountants of the Company for the year ending March 31, 2023. |