Deswell Industries announces passing of chairman Richard Pui Hon Lau

Deswell Industries announced that Richard Pui Hon Lau, the company’s chairman, passed away on June 12. The board of directors issued the following statement: “The Company’s directors, Chief Executive Officer, Chief Financial Officer and employees are immensely saddened by the passing of Mr. Lau. Mr. Lau served the Company and its predecessors since its inception in 1987. During his 36 years at Deswell, Mr. Lau led the Company to transform and grow from a small plastic plant to a Nasdaq listed company, producing a wide variety of plastic parts and components, electronic products and subassemblies and metallic molds. The contribution made by Mr. Lau to the Company is immeasurable. We will miss him greatly. We extend our sympathies to his family.”