{"url_path":"/sec/brqsf/10-k/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/1650575/0001213900-26-057706-index.html","accession_number":"0001213900-26-057706","cik":"0001650575","ticker":"BRQSF","issuer_name":"Borqs Technologies, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1650575/0001213900-26-057706-index.html","primary_entity_key":"0001650575","primary_entity_name":"Borqs Technologies, Inc."},"word_count":810,"has_tables":true,"body_markdown":"**UNITED STATES**\n\n**SECURITIES AND EXCHANGE COMMISSION**\n\n**WASHINGTON, DC 20549**\n\n \n\n**FORM 20-F**\n\n \n\n**(Mark One)**\n\n☐ **REGISTRATION STATEMENT PURSUANT TO SECTION\n12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n \n\nOR\n\n \n\n☒ **ANNUAL REPORT PURSUANT TO SECTION 13\nOR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n \n\nFor the fiscal year ended **December 31, 2025**\n\n \n\nOR\n\n \n\n☐ **TRANSITION REPORT PURSUANT TO SECTION\n13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n \n\nOR\n\n \n\n☐ **SHELL COMPANY REPORT PURSUANT TO SECTION\n13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n \n\nDate of event requiring this shell company report:\nNot applicable\n\n \n\n**For the transition period from _______ to _______**\n\n \n\nCommission file number: 001-37593\n\n \n\n**BORQS TECHNOLOGIES, INC.**\n\n(Exact name of Registrant as specified in its charter)\n\n \n\n \n\n(Translation of Registrant’s name into English)\n\n \n\nBritish Virgin Islands\n\n(Jurisdiction of incorporation or organization)\n\n \n\nOffice B, 21/F, Legend Tower, 7 Shing Yip Street\n\nKwun Tong, Kowloon, Hong Kong\n\n(Address of principal executive offices)\n\n \n\nPat Sek Yuen Chan, Chairman & Chief Executive\nOfficer\n\nOffice B, 21/F, Legend Tower, 7 Shing Yip Street\n\nKwun Tong, Kowloon, Hong Kong\n\nTelephone: +852 5188 1864, Fax: +852 2114 0183\n\n(Name, Telephone, E-mail and/or Facsimile number\nand Address of Company Contact Person)\n\n \n\nSecurities registered or to be registered pursuant\nto Section 12(b) of the Act: None\n\n \n\nSecurities registered or to\nbe registered pursuant to Section 12(g) of the Act: None\n\n \n\nSecurities for which there is a reporting obligation\npursuant to Section 15(d) of the Act: Ordinary shares, no par value\n\n \n\n \n\n \n\n \n\nIndicate the number of outstanding\nshares of each of the issuer’s classes of capital or ordinary shares as of the close of the period covered by the annual report:\nAs of December 31, 2025, there were 45,470,079 shares of the registrant’s ordinary shares, no par value, issued and outstanding.\n\n \n\nIndicate by check mark if\nthe registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. ☐ Yes ☒ No\n\n \n\nIf this report is an annual\nor transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the\nSecurities Exchange Act of 1934. ☐ Yes ☒ No\n\n \n\nIndicate by check mark whether\nthe registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the\npreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such\nfiling requirements for the past 90 days. ☒ Yes ☐ No\n\n \n\nIndicate by check mark whether\nthe registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T\n(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit\nsuch files). ☒ Yes ☐ No\n\n \n\nIndicate by check mark whether\nthe registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company. See the definitions\nof “large accelerated filer”, “accelerated filer” and “emerging growth company” in Rule 12b-2 of the\nExchange Act.\n\n \n\nLarge accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer ☒\n\n        Emerging growth company ☐\n\n \n\nIf an emerging growth company\nthat prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the\nextended transition period for complying with any new or revised financial accounting standards† provided pursuant to Section 13(a)\nof the Exchange Act. ☐\n\n \n\n†\nThe term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012.\n\n \n\nIndicate by check mark whether\nthe registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control\nover financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that\nprepared or issued its audit report. ☐\n\n \n\nIf securities are registered\npursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing\nreflect the correction of an error to previously issued financial statements. ☐\n\n \n\nIndicate by check mark whether\nany of those error corrections are restatements that required a recovery analysis of incentive based compensation received by any of the\nregistrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐\n\n \n\nIndicate by check mark which\nbasis of accounting the registrant has used to prepare the financial statements included in this filing:\n\n \n\nU.S. GAAP ☒   International Financial Reporting Standards as issued by the International\n\nAccounting Standards Board ☐   Other ☐\n\n \n\nIf “Other” has\nbeen checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to\nfollow.\n\n \n\n☐ Item 17     ☐"}