FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Chan Pat
2. Issuer Name and Ticker or Trading Symbol

Borqs Technologies, Inc. [ BRQS ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chair. of the Board, CEO & Pre
(Last)          (First)          (Middle)

TWR A BLD B23 UNIV BUS PK NO. 10, JIUXIANGQIAO RD CHAOYANG DIST
3. Date of Earliest Transaction (MM/DD/YYYY)

8/18/2017
(Street)

BEIJING, F4 100015
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Ordinary Shares   8/18/2017     A    687361   A   (1) 687361   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy)   $2.23   8/18/2017     A      47234         (2) 10/24/2019   Ordinary Shares   47234     (2) 47234   D    
Stock Option (Right to Buy)   $2.92   8/18/2017     A      30060         (3) 7/23/2021   Ordinary Shares   30060     (3) 30060   D    
Stock Option (Right to Buy)   $2.92   8/18/2017     A      1719         (4) 5/26/2022   Ordinary Shares   1719     (4) 1719   D    
Stock Option (Right to Buy)   $4.86   8/18/2017     A      3211         (5) 4/26/2023   Ordinary Shares   3211     (5) 3211   D    
Stock Option (Right to Buy)   $4.86   8/18/2017     A      1983         (6) 5/29/2025   Ordinary Shares   1983     (6) 1983   D    
Stock Option (Right to Buy)   $7.18   8/18/2017     A      283406         (7) 2/11/2027   Ordinary Shares   283406     (7) 283406   D    

Explanation of Responses:
(1)  Received in exchange for 8,793,914 ordinary shares of Borqs International Holding Corp. ("Borqs") in connection with the merger of Borqs into Pacific Special Acquisition Corp. (the "Merger").
(2)  Received in the Merger in exchange for a stock option to acquire 500,000 ordinary shares of Borqs. The options are fully vested.
(3)  Received in the Merger in exchange for a stock option to acquire 318,200 ordinary shares of Borqs. The options are fully vested.
(4)  Received in the Merger in exchange for a stock option to acquire 18,200 ordinary shares of Borqs. The options are fully vested.
(5)  Received in the Merger in exchange for a stock option to acquire 34,000 ordinary shares of Borqs. The options are fully vested.
(6)  Received in the Merger in exchange for a stock option to acquire 21,000 ordinary shares of Borqs. The options became vested as to 1/4 of the total grant on May 30, 2016, and an additional 1/48 of the total grant vests each month thereafter.
(7)  Received in the Merger in exchange for a stock option to acquire 3,000,000 ordinary shares of Borqs. Two-thirds of options vested on February 12, 2017, and the remaining 1/3 of the options vests in equal increments monthly over 48 months beginning January 1, 2017.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Chan Pat
TWR A BLD B23 UNIV BUS PK NO. 10
JIUXIANGQIAO RD CHAOYANG DIST
BEIJING, F4 100015
X
Chair. of the Board, CEO & Pre

Signatures
/s/ Bob Li, Attorney-in-Fact for Pat Sek Yuen Chan 8/22/2017
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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