DSWL Deswell Industries Inc

This Amendment No. 31 to Schedule 13D (this “Amendment”) amends and supplements the statements on the Amendment No. 1 to Schedule 13D (“Amendment No. 1”) filed by Mr. Richard Pui Hon Lau (“Mr. Lau”) with the Securities and Exchange Commission (the “Commission”) on May 30, 2014, the Amendment No. 2 to Schedule 13D filed by Mr. Lau with the Commission on July 29, 2014 (“Amendment No. 2”), the Amendment No. 3 to Schedule 13D filed by Mr. Lau with the Commission on September 29, 2014 (“Amendment No. 3”), the Amendment No. 4 to Schedule 13D filed by Mr. Lau with the Commission on February 9, 2015 (“Amendment No. 4”), the Amendment No. 5 to Schedule 13D filed by Mr. Lau with the Commission on April 30, 2015 (“Amendment No. 5”), the Amendment No. 6 to Schedule 13D filed by Mr. Lau with the Commission on July 10, 2015 (“Amendment No. 6”), the Amendment No. 7 to Schedule 13D filed by Mr. Lau with the Commission on August 7, 2015 (“Amendment No. 7”), the Amendment No. 8 to Schedule 13D filed by Mr. Lau with the Commission on November 2, 2015 (“Amendment No. 8”), the Amendment No. 9 to Schedule 13D filed by Mr. Lau with Commission on November 27, 2015 (“Amendment No. 9”), the Amendment No. 10 to Schedule 13D filed by Mr. Lau with the Commission on January 7, 2016 (“Amendment No. 10”), the Amendment No. 11 to Schedule 13D filed by Mr. Lau with the Commission on February 18, 2016 (“Amendment No. 11”), the Amendment No. 12 to Schedule 13D filed by Mr. Lau with the Commission on July 22, 2016 (“Amendment No. 12”), the Amendment No. 13 to Schedule 13D filed by Mr. Lau with the Commission on September 23, 2016 (“Amendment No. 13”), the Amendment No. 14 to Schedule 13D filed by Mr. Lau with the Commission on November 16, 2016 (“Amendment No. 14”), the Amendment No. 15 to Schedule 13D filed by Mr. Lau with the Commission on April 13, 2017 (“Amendment No. 15”), the Amendment No. 16 to Schedule 13D filed by Mr. Lau with the Commission on June 14, 2017 (“Amendment No. 16”), the Amendment No. 17 filed by Mr. Lau with the Commission on July 12, 2017 (“Amendment No. 17,”), the Amendment No. 18 to Schedule 13D filed by Mr. Lau with the Commission on September 21, 2017 (“Amendment No. 18”), the Amendment No. 19 to Schedule 13D filed by Mr. Lau with the Commission on November 15, 2017 (“Amendment No. 19”), the Amendment No. 20 to Schedule 13D filed by Mr. Lau with the Commission on February 1, 2018 (“Amendment No. 20”), the Amendment No. 21 to Schedule 13D filed by Mr. Lau with the Commission on July 25, 2018 (“Amendment No. 21”), the Amendment No. 22 to Schedule 13D filed by Mr. Lau with the Commission on October 25, 2018 (“Amendment No. 22”), the Amendment No. 23 to Schedule 13D filed by Mr. Lau with the Commission on December 11, 2018 (“Amendment No. 23”), the Amendment No. 24 to Schedule 13D filed by Mr. Lau with the Commission on May 24, 2019 (“Amendment No. 24”), the Amendment No. 25 to Schedule 13D filed by Mr. Lau with the Commission on November 20, 2019 (“Amendment No. 25”), the Amendment No. 26 to Schedule 13D filed by Mr. Lau with the Commission on March 27, 2020 (“Amendment No. 26”), the Amendment No. 27 to Schedule 13D filed by Mr. Lau with the Commission on July 24, 2020 (“Amendment No. 27,”), the Amendment No. 28 to Schedule 13D filed by Mr. Lau with the Commission on September 29, 2020 (“Amendment No. 28”), the Amendment No. 29 to Schedule 13D filed by Mr. Lau with the Commission on March 19, 2021 (“Amendment No. 29,”), and the Amendment No. 30 to Schedule 13D filed by Mr. Lau with the Commission on January 28, 2022 (“Amendment No. 30,” and, collectively with Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5, Amendment No. 6, Amendment No. 7, Amendment No. 8, Amendment No. 9, Amendment No. 10, Amendment No. 11, Amendment No. 12, Amendment No. 13, Amendment No. 14, Amendment No. 15, Amendment No. 16, Amendment No. 17, Amendment No. 18, Amendment No. 19, Amendment No. 20, Amendment No. 21, Amendment No. 22, Amendment 23, Amendment No. 24, Amendment No. 25, Amendment No. 26, Amendment No. 27, Amendment No. 28, and Amendment No. 29 the “Prior Amendments”), each with respect to the common shares without par value (“Common Shares”) of Deswell Industries, Inc., a company organized under the laws of the British Virgin Islands (the “Company”).

The percentage calculations in the above cover page, and as set forth below, are based on a total outstanding number of Common Shares of 16,135,239. Such number represents 15,935,239 outstanding Common Shares (as disclosed by the Company as of March 31, 2022), plus the 200,000 Common Shares immediately exercisable by Mr. Lau under the Stock Option (as defined in Item 3).

Except as set forth herein, the Prior Amendments remain unmodified.

Item 4. Purpose of Transaction.

Mr. Lau acquired the Common Shares described in this Schedule 13D for investment purposes. Mr. Lau intends to review his investment in the Company on a continuing basis. Depending on the price and availability of the Company’s securities, developments affecting the Company, the business prospects of the Company, general stock market and economic conditions, tax considerations, investment considerations and/or other factors deemed relevant, Mr. Lau may consider increasing or decreasing his investment in the Company, through one or more open market purchases or private transactions.

As of November 19, 2018, Mr. Lau beneficially owns the majority of the outstanding Common Shares of the Company. This will impede the acquisition of control by any other person, unless Mr. Lau elects to sell his Common Shares. Mr. Lau does not have any current plans or proposals that relate to or would result in any of the actions set forth in clauses (a) through (j) of Item 4 of Schedule 13D.

Item 5. Interest in Securities of the Issuer.

(a – b) As a result of the open market purchases consummated by Mr. Lau since January 28, 2022, as of the date hereof Mr. Lau beneficially owns 9,673,556 Common Shares. Such shares consist of 9,473,556 Common Shares held of record by Mr. Lau and an immediately exercisable option to purchase up to 200,000 Common Shares. Such holdings represent 60.0% of the Common Shares. Mr. Lau has sole power to vote and dispose of all Common Shares held of record by Mr. Lau as of the date hereof, and upon exercise of any portion of the Stock Option, would have sole power to vote and dispose of any Common Shares so acquired.

(c) Mr. Lau has individually engaged in and effected the following open market purchases of Common Shares in the past sixty days:

(d) Not applicable.

(e) Not applicable.

SIGNATURE

After reasonable inquiry, and to the best of my knowledge and belief, the undersigned hereby certifies that the information set forth in this statement is true, complete and correct.