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bUrRpPPP!

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Friday, 08/25/2017 10:31:30 AM

Friday, August 25, 2017 10:31:30 AM

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Board Approved Buy-back of Shares

The Board of Directors of the Borqs Technologies, Inc. believes that the current market price of the Company’s ordinary shares does not reflect the Company’s inherent long-term value and has approved a share buy-back program. The management of the Company is authorized to conduct open market repurchases of its ordinary shares from today forward until December 31, 2017, in accordance with circumstances, volume and time window allowable under securities laws and regulations, at a price not higher than $10.40 per share, up to an aggregate repurchase price of $6 million

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