EXHIBIT 4.7 Supplementary Agreement Four

Cooperation Agreement

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DESWELL INDUSTRIES INC | Joint Venture Corporation

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Title: EXHIBIT 4.7 Supplementary Agreement Four
Date: 7/8/2005
Industry: FABRUB Sector: BASICM

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EXHIBIT 4.7

Joint Venture Corporation
“Dongguan Kwan Hong Electronics Company Limited”
Supplementary Agreement Four
(Translation)

Dongguan Cheung On Lan Hong Electronics Development Company (“Party A”) and Hong Kong Kwanasia Electronics Company Ltd (“Original Party B”) established the joint venture corporation, Dongguan Kwan Hong Electronics Company Ltd (“Joint Venture Corporation”) in Cheung On, Dongguan. The Joint Venture Corporation is approved by the Dongguan Foreign Economic Bureau under the approval document [1997] No.164. The original cooperation agreement and supplementary agreements have been filed with the Commercial and Custom departments for records. For the purpose of business development and with the consent of the Board of Directors, the following supplementary terms are supplemented:

1.		Original Party B withdraws from the Joint Venture Corporation and transfer all its investment and share ownership to Integrated International Limited (“Party B”). Party B would settle the transfer consideration to the Original Party B within one month upon the issuance of the new Business License amended for the change in ownership. After the share ownership transfer, Original Party B has no relation with all the operation activities, rights and obligations of the Joint Venture Corporation. These should be responsible by Party A and Party B.