SC 13G/A 1 ea126282-sc13ga1asset_borqs.htm AMENDMENT NO.1 TO SCHEDULE 13G

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

 

(Amendment No. 1)

 

Borqs Technologies, Inc.

(Name of Issuer)

 

Ordinary Shares

(Title of Class of Securities)

 

G1466B 103

(CUSIP Number)

 

August 25, 2020

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

  ☐ Rule 13d-1(b)
  þ Rule 13d-1(c)
  ☐ Rule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 

 

 

 

  

 

 

SCHEDULE 13G

 

 

CUSIP No. G1466B 103

  

 

Page 2 of 5 Pages

 

1

NAME OF REPORTING PERSON

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

 

Asset Horizon International Limited

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

(a) ☐

(b) ☐

 

3

SEC USE ONLY

 

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

British Virgin Islands

 

NUMBER

OF

 5

SOLE VOTING POWER

 

957,911(1)

SHARES

BENEFICIALLY

OWNED

 6 SHARED VOTING POWER

BY

EACH

REPORTING

 7

SOLE DISPOSITIVE POWER

 

957,911(1)

PERSON

WITH

 8

SHARED DISPOSITIVE POWER

 

 

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

957,911(1) 

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) ☐

 

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

2.1%(1)

12

TYPE OF REPORTING PERSON (See Instructions)

 

CO

 

(1)Rebecca Man Ying Wong is the sole director of Asset Horizon International Limited and is deemed to have voting and dispositive control over shares held of record by Asset Horizon International Limited.

 

  

 

 

SCHEDULE 13G

 

 

CUSIP No. G1466B 103

  

 

Page 3 of 5 Pages

 

Item 1. 

 

(a)Name of Issuer:

 

Borqs Technologies, Inc.

 

(b)Address of Issuer’s Principal Executive Offices:

 

Building B23-A
Universal Business Park
No. 10 Jiuxianqiao Road
Chaoyang District, Beijing 100015, China 

 

Item 2.

 

(a)Name of Person Filing:

 

Asset Horizon International Limited

 

(b)Address of Principal Business Office:

 

Flat C, 8/F., Jonsim Place

228 Queen’s Road East

Hong Kong

 

(c)Citizenship:

 

British Virgin Islands

 

(d)Title of Class of Securities:

 

Ordinary Shares

 

(e)CUSIP Number:

 

G1466B 103

 

Item 3.Statement Filed Pursuant to Rule 13d-1(b) or 13d-2(b) or (c):

 

Not applicable.

 

  

 

 

SCHEDULE 13G

 

 

CUSIP No. G1466B 103

  

 

Page 4 of 5 Pages

 

Item 4.Ownership.

 

(a)Amount beneficially owned:

 

957,911

 

(b)Percent of class:

 

2.1% 

 

(c)Number of shares as to which the person has:

 

  (i) Sole power to vote or to direct the vote: 957,911
  (ii) Shared power to vote or to direct the vote:            0
  (iii) Sole power to dispose or to direct the disposition of: 957,911
  (iv) Shared power to dispose or to direct the disposition of:            0

 

Item 5.Ownership of Five Percent or Less of a Class.

 

As of August 25, 2020, the reporting person has ceased to be the beneficial owner of more than five percent of the issuer’s ordinary shares.

 

Item 6.Ownership of More Than Five Percent on Behalf of Another Person.

 

Not applicable.

 

Item 7.Identification and Classification of Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person

 

Not applicable.

 

Item 8.Identification and Classification of Members of the Group

 

Not applicable.

 

Item 9.Notice of Dissolution of Group

 

Not applicable.

 

Item 10.Certifications

 

Not applicable.

 

  

 

 

SCHEDULE 13G

 

 

CUSIP No. G1466B 103

  

 

Page 5 of 5 Pages

 

SIGNATURE

 

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

 

Dated: September 3, 2020 By: /s/ Rebecca Man Ying Wong
  Name:   Rebecca Man Ying Wong
Sole Director