Borqs Secures $17.4 Million in Venture Financing Led by Norwest Venture Partners

Global Market Expansion and Customer Momentum Drive Investment Round for
Android-Based Open Mobile Source Provider

BEIJING & SUNNYVALE, Calif.--(Business Wire)--
Borqs Inc., a leading open source mobile application software provider and
integrator, today announced it has closed a US$17.4 million Series B round of
venture financing. Norwest Venture Partners (NVP) led this round, which included
participation from current investors, GSR Ventures - the Mayfield Fund China
affiliate - as well as Keytone Ventures. As a part of the investment, Mohan
Kumar of NVP will join Borqs` board of directors.

Borqs develops mobile software products for wireless service providers. The
company`s client-side software is based on Google`s Android mobile software.
Borqs` offerings give carriers the ability to create a consistent and branded
user interface experience that can work across different types of smartphones.
Borqs also provides carriers with the ability to create branded application
store fronts that offer subscribers a wide range of mobile application choices
by tapping into the Android Application Marketplace as well as existing
Java-based mobile applications.

Borqs IP and software enable phone manufacturers or mobile operators to launch
Android-based 3G phones or services in less than six months, reducing the cycle
time savings by over a year when compared to the current process. And because
Borqs is based on Android and an open source environment, smartphones can be
produced at a lower price point to further increase consumer adoption and drive
the overall smartphone market. The company currently works with leading mobile
operators and tier-one device manufacturers worldwide.

"As the mobile sector continues to evolve and is now the number one source for
information and entertainment, wireless carriers must provide their subscribers
with the best choice in applications and handset offerings and to do so at a low
cost point. By building on the foundation of Google`s Android platform, Borqs
can deliver carriers with a solution that meets these needs while providing a
unique and consistent brand experience for their subscribers," said Mohan Kumar.
"The experienced team at Borqs, combined with the company`s strong product
offerings, proven track record, early customer wins and significant traction
with the world`s largest carrier China Mobile and other operators, were key
factors in our investment decision."

"We are very pleased to have NVP lead this funding round for Borqs," said Pat
Chan, CEO and president of Borqs. "NVP brings to Borqs a compelling mix of deep
industry knowledge in the mobile industry, relevant operational experience and a
strong network of contacts that will help grow the company as we expand the
Borqs footprint worldwide. We look forward to partnering with NVP to drive
customer momentum, accelerate our growth and take the company to the next
level."

About Borqs

Established in 2007, Borqs International Holding Corp is a high-tech enterprise
committed to providing end-to-end solutions to the whole value chain of mobile
communications, including network operators and handset manufacturers. The core
products of Borqs are mobile operating systems for smartphone platforms and
mobile internet services platforms. Borqs is a commercialization partner of
Android Open Handset Alliance. For more information, visit www.borqs.com.

About Norwest Venture Partners

Norwest Venture Partners (NVP) is a global, multi-stage investment firm that
manages more than $2.5 billion in capital out of its offices in Palo Alto,
California, Mumbai and Bangalore, India and Herzelia, Israel. NVP makes early to
late stage venture and growth equity investments in U.S. and global companies
across a wide range of sectors including: information technology, business
services, financial services and consumer. NVP has actively partnered with
entrepreneurs to build great businesses for more than 48 years and has funded
over 450 companies since inception.

Notable investments include Actel Corporation, Airespace (acquired by Cisco
Systems), Cerent (acquired by Cisco Systems), Corio (acquired by IBM), Cray
Research, Documentum, Extreme Networks , Forte Software (acquired by Sun
Microsystems), OnMobile (NSE: OnMobile), Open-Silicon (acquired by Unicorn
Investment Bank), PeopleSoft, Qumranet (acquired by Red Hat), Rackspace
(NYSE:RAX), Siara Systems (acquired by Redback Networks), SideStep (acquired by
Kayak), Spinnaker Networks (acquired by Network Appliance), Tivoli Systems
(acquired by IBM), Transaction Systems Architects (Nasdaq: ACIW), Verio
(acquired by NTT), Winphoria Networks (acquired by Motorola) and Yipes (acquired
by Reliance/Flag Telecom). For more information, please visit www.nvp.com.

All brands, names, or trademarks mentioned in this document are the property of
their respective owners.

Dig Communications
Stephna May, 415-367-4102
smay {at} digcommunications.com

Copyright Business Wire 2009