 Borqs Technologies, Inc. BRQS, the Company, or Borqs, a global leader in embedded software and products for the Internet of Things IoT industry, announced that due to travel restrictions and lockdown through June 30th related to the COVID-19 pandemic, staff of our Beijing based accounting department as well as our New York based auditor had not been able to travel freely within China and India, and from the U.S. to these two countries. The Company was not able to complete its financial audit for the year ended December 31, 2019 and file the required annual report on Form 20-F by the deadline of June 30, 2020. As a result, the Company is not in compliance with the reporting rules of the U.S. Securities and Exchange Commission and of the Nasdaq Stock Market. 