Deswell Industrial INC.

Deswell was founded in 1987 as Jetcrown Industrial, Ltd, an independent manufacturer of injection-molded plastic parts and components. Since then Deswell has expanded its business to become an independent contract manufacturer of electronic products, components and subassemblies, a supplier of metallic molds for the company''s plastics and electronics operations, and a manufacturer of metal parts for original equipment manufacturers ("OEMs") and contract manufacturers, as well as for Deswell itself.

Deswell''s executive offices are in Hong Kong while all of its manufacturing activities are conducted at separate plastics, electronics and metallics operation factories located in the Shenzhen Special Economic Zone, China.

Deswell Industries produces a wide variety of plastic parts and components that are used in the manufacture of consumer and industrial products, including cases and key tops for calculators and personal organizers; cases for flashlights, telephones, paging machines, projectors and alarm clocks; grips and rods for fishing tackle; and toner cartridges and cases for fax and photocopy machines.

Electronic products manufactured by Deswell include complex printed circuit board assemblies using surface mount and pin-through-hole interconnection technologies and finished products such as telephones, for which the Company also manufactures the plastic parts, telephone answering machines, sophisticated studio-quality audio equipment and computer peripherals such as CD-ROM drives and LAN and sound cards.

Metal products manufactured by Deswell include metallic molds and accessory parts used in audio equipment, telephones and copying machines.