Deswell Industries, Inc. announced the appointment of Edward So Kin Chung as Chief Executive Officer, effective December 2, 2013. Mr. So replaces Mr. Franki Tse Shing Fung who has resigned for personal reasons. He was recently appointed Managing Director of the electronics division.

Mr. Tse has confirmed that there is no disagreement with the board of directors of the company and there are no matters that need to be brought to the attention of the shareholders of the company with respect to his resignation.