Borqs’ Subsidiary Holu Hou Energy Featured in the New York Times Article “Hit Hard By Energy Costs, Hawaii Looks to the Sun” Reducing monthly electricity bill from $500 to $26

SANTA CLARA, Calif., July 05, 2022 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (Nasdaq: BRQS, “Borqs”, or the “Company”), a global provider of 5G wireless solutions, Internet of Things (IoT) solutions, and innovative clean energy, with global operations in the U.S., India and China, today announced that its majority owned solar energy storage systems subsidiary, Holu Hou Energy LLC (“HHE”), has its energy storage system featured in the New York Times. Excerpt from the article dated May 30, 2022 by Ivan Penn - Google search: “New York Times article: Hit Hard by High Energy Costs, Hawaii Looks to the Sun”.