Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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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 |