Report of Foreign Issuer (6-k)
January 15 2020 - 5:30PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C.
20549
FORM 6-K
REPORT OF FOREIGN
PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of January
2020
Commission File Number
001-37593
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BORQS TECHNOLOGIES, INC.
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(Translation of registrant’s name into English)
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Building B23-A,
Universal Business Park
No. 10 Jiuxianqiao Road
Chaoyang District, Beijing 100015, China
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(Address of principal executive offices)
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Indicate by check
mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒
Form 40-F ☐
Indicate by check
mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐.
Note: Regulation
S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report
to security holders.
Indicate by check
mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐.
Note: Regulation
S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the
registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated,
domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange
on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required
to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already
been the subject of a Form 6-K submission or other Commission filing on EDGAR.
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
As previously reported
on a Current Report on Form 6-K filed on November 19, 2019 by Borqs Technologies, Inc. (the “Company”), the Company
appealed the determination by the Staff of the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock
Market LLC (“Nasdaq”) to delist the Company’s securities from Nasdaq on the grounds that the Company is not in
compliance with Nasdaq Listing Rule 5250(c)(1) because it did not file its Annual Report on Form 20-F for the fiscal year ended
December 31, 2018 (the “Form 20-F”) by November 11, 2019, the extended deadline previously approved by the Staff for
filing such report. On November 21, 2019, The Nasdaq Hearings Panel (the “Panel”) granted the Company a hearing to
appeal Staff’s determination, and on December 19, 2019 the Company attended the hearing before the Panel.
On January 9, 2020,
the Panel issued its decision (“Decision”) to grant the Company’s request for continued listing on Nasdaq, subject
to the conditions that: (i) on or before January 23, 2020, the Company shall have informed the Panel that the Company’s independent
auditor has completed its audit of the Company’s financial statements for fiscal year 2018; and (ii) on or before March 1,
2020, the Company shall have filed with the Securities and Exchange Commission the Form 20-F and regained compliance with Nasdaq
Listing Rule 5250(c)(1). As a result of the Decision, during the exception period the Company’s ordinary shares will continue
to trade on Nasdaq under symbol “BRQS”.
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
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BORQS TECHNOLOGIES INC.
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(registrant)
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Dated: January 15, 2020
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By:
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/s/ Anthony K. Chan
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Anthony K. Chan
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Chief Financial Officer
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Borqs Technologies (PK) (USOTC:BRQSW)
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