BONSO ELECTRONICS INTERNATIONAL INC.

                        1,087,201 Shares of Common Stock
             Issuable on Exercise of Common Stock Purchase Warrants
                                       and
         655,726 Shares of Common Stock Offered by Selling Shareholders

     We are registering 2,174,403 common stock purchase warrants that were
issued as a dividend to all record holders at the close of trading on January
19, 2000 of certain prior warrants, which expired on January 31, 2000, and to
all persons who exercised the prior warrants during the period commencing on
November 22, 1999 and ending at the close of trading on January 19, 2000. We are
also registering 1,087,201 shares of common stock issuable upon the exercise of
those warrants.

     Each two warrants are exercisable to purchase one share of our common stock
at an exercise price of $17.50 per share. The warrants originally expired on
December 31, 2001; however, on October 2001, our board of directors extended the
expiration date until December 31, 2002. On July 5, 2002, our board of directors
extended the expiration date until 2:00 PM (Pacific Time) December 31, 2003.

     The warrants are redeemable by us upon 30 days notice at a redemption price
of $0.01 per warrant but only if the public trading price for our common stock
equals or exceeds 110% of the then-current exercise price of the warrants for 20
trading days within the preceding 30 trading days.

     We are also registering for resale by certain selling shareholders 655,726
outstanding shares of common stock. These shares may be offered and sold from
time to time by selling shareholders at the market. We will not receive any of
the proceeds from the sale of shares by the selling shareholders.

     Prior to this offering, the common stock has traded on the National
Association of Securities Dealers Automated Quotation System ("NASDAQ") under
the symbol "BNSO" and the common stock purchase warrants have traded under the
symbol "BNSOZ." As of July 24, 2003 (one trading day prior to the date of this
prospectus), the reported closing sales price of the common stock on
NASDAQ-National Market System was $2.85, and the reported closing sales price of
the common stock purchase warrants on the NASDAQ-SmallCap Market was $0.11.

     An investment in these securities involves a high degree of risk. See "Risk
Factors" beginning at page 9 of this prospectus for a discussion of certain
factors that you should consider before investing in these securities.

     Neither the Securities and Exchange Commission nor any state securities
commission has approved or disapproved of the securities or passed upon the
adequacy or accuracy of this prospectus. Any representation to the contrary is a
criminal offense.

                 The date of this prospectus is August 12, 2003


                                            Underwriting
                         Price to           Discounts and          Proceeds to
                       Public(1)(2)          Commissions            Company(3)
                       ------------          -----------            ----------

Per Warrant           $         0.00         $     0.00          $          0.00
Per Share(4)          $        17.50         $     0.00          $         17.50
Total Offering        $19,026,017.50         $     0.00          $ 19,026,017.50

(1)  The warrants were issued as a dividend to all record holders of our
     warrants at the close of trading on January 19, 2000, and to all persons
     who exercised our warrants during the period commencing on November 22,
     1999 and ending at the close of trading on January 19, 2000. The shares of
     common stock underlying the warrants are being offered by us to the holders
     of the warrants. There is no minimum purchase amount. The shares of common
     stock are offered for cash only. The exercise price of the warrants was
     arbitrarily determined and bears no relationship to the value of the
     company or its assets, nor does the exercise price represent that the
     common stock has a value or could be resold at that price. The shares of
     common stock are being sold on a "best efforts" basis by us; consequently,
     no minimum number of shares is required to be sold.

(2)  The 655,726 shares offered by the selling shareholders are being registered
     for the benefit of, and may be sold from time to time by, the selling
     shareholders at the market. We will receive no proceeds from the sale of
     these shares by the selling shareholders.

(3)  Before deducting other expenses of the offering payable by us estimated at
     $124,307, including, among others, registration and filing fees,
     professional fees and printing expenses. All proceeds received upon
     exercise of the warrants will be applied directly to our benefit. There is
     no escrow of funds and no assurance that all or any portion of the warrants
     will be exercised.

(4)  Shares underlying the dividend warrants.

     You may exercise your warrants only if you live in a state where the common
stock has been qualified for issuance under applicable state laws, including
registration if required under your state's law. As a result, you may not be
permitted to exercise your warrants but may have to sell your warrants or let
them expire unexercised.



                                        2


                               PROSPECTUS SUMMARY

     This summary highlights important information about our business and about
this offering. Because it's a summary, it doesn't contain all the information
you should consider before exercising your warrants. Therefore, please read the
entire prospectus.

     As used in this prospectus, "China" refers to all parts of the People's
Republic of China other than the Special Administrative Region of Hong Kong. The
term "we" or "us" refers to Bonso Electronics International Inc. and, where the
context requires or suggests, its direct and indirect subsidiaries. References
to "dollars" or "$" are to United States Dollars. "HK$" are to Hong Kong
Dollars, "Euros" or "E" are to the European Monetary Union's Currency, "DM" are
to the German Deutsch Mark, "RMB" are to Chinese Renminbi and "CDN" are to
Canadian Dollars. All outstanding share data excludes 1,044,500 shares of common
stock reserved for issuance upon exercise of outstanding stock options,
1,087,201 shares reserved for issuance upon exercise of outstanding warrants and
468,782 shares reserved for issuance upon exercise of stock options which may be
granted in the future under our 1996 Stock Option Plan and our 1996 Non-Employee
Directors' Stock Option Plan.

The Warrant Dividend

     On January 5, 2000, we declared a warrant dividend payable to all record
holders of our warrants at the close of trading on January 19, 2000, and to all
persons who exercised our warrants during the period commencing on November 22,
1999 and ending at the close of trading on January 19, 2000. The warrant
dividend and January 19, 2000 record date were publicly announced in a press
release. Each two warrants are exercisable to purchase one share of our common
stock at an exercise price of $17.50 per share. The warrants originally were
exercisable any time prior to 2:00 p.m. (Pacific Time) on December 31, 2001. In
October 2001, our board of directors extended the expiration date until December
31, 2002, and in July 2002, extended the expiration date until December 31,
2003.

     The warrants are redeemable by us upon 30 days notice at a redemption price
of $0.01 per warrant but only if the public trading price for our common stock
equals or exceeds 110% of the then-current exercise price of the warrants for 20
trading days within the preceding 30 trading days.

     The registration statement of which this prospectus is a part registers the
warrants and the shares of common stock underlying the warrants.

     The exercise price of the warrants as described above is wholly arbitrary
and there is no assurance that the price of the common stock will, at any time,
equal or exceed the exercise price of the warrants. The warrants can be
exercised only if a current prospectus is in effect. See "Description of
Securities--Warrants."

                                       3


Shares for Resale

      Under this post-effective amendment, we are registering for resale by
certain selling shareholders 655,726 outstanding shares of common stock. These
shares may be offered and sold from time to time by selling shareholders.

The Company

     We design, develop, produce and sell electronic sensor-based and wireless
products for private label Original Equipment Manufacturers (individually "OEM"
or collectively "OEMs") and Original Design Manufacturers (individually "ODM" or
collectively "ODMs"). Bonso Electronics International Inc. was formed on August
8, 1988 as a limited liability International Business Company under the laws of
the British Virgin Islands under the name "Golden Virtue Limited." On September
14, 1988, we changed our name to Bonso Electronics International, Inc. We
operate under the International Business Companies Ordinance, 1984, of the
British Virgin Islands.

     As part of our ongoing expansion of the sensor-based product business,
effective as of August 1, 2002, we acquired 51% of the equity of Gram Precision
Scales, Inc. ("Gram Precision") from a third party for approximately $231,000 in
cash, a promissory note in the gross amount of $231,000, and the issuance of
125,000 shares of our common stock valued at approximately $300,000. The
purchase price was determined through arms-length negotiations between us and
the third party, which negotiations took into consideration Gram Precision's
business, financial position, operating history, products, intellectual property
and other factors relating to Gram Precision's business. Gram Precision is
primarily engaged in the distribution and marketing of pocket scales in the
United States, Canada, and Europe

     Effective as of May 1, 2001 we acquired 100% of the equity of KORONA
Haushaltswaren GmbH & Co. KG, ("Korona") which was formerly a wholly-owned
subsidiary of Augusta Technologie AG, Frankfurt am Main, Germany ("Augusta"). We
originally acquired Korona for approximately $3,634,000. Augusta exercised its
option to redeem the stock it received as part of the purchase price for a
promissory note. While Augusta's exercise of the option is disputed, the
purchase price has been increased by $542,178 for accounting purposes to reflect
the possible redemption.

     Korona markets consumer scale products throughout Europe to retail
merchandisers and distributors. These products feature contemporary designs
using the latest materials and attractive packaging. Since 2000, we have
manufactured a portion of Korona's product line under an OEM agreement and are
very familiar with Korona's stature in Europe and its potential for wider global
distribution.

     Our corporate administrative matters are conducted through our registered
agent, HWR Services Limited, P.O. Box 71, Road Town, Tortola, British Virgin
Islands. Our principal executive offices are located at Unit 1106 - 1110, 11/F,
Star House, 3 Salisbury Road, Tsimshatsui, Kowloon, Hong Kong. Our telephone
number is 852-2605-5822, our facsimile number is 852-2691-1724, our e-mail
address is info@bonso.com and our website is www.bonso.com. Our registered agent
in the United States is Henry F. Schlueter, Esq., 1050 Seventeenth Street, Suite
1700, Denver, Colorado 80265.

                                       4




The Offering
                                         

Securities offered ......................   2,174,403 warrants, exercisable to purchase one share of common
                                            stock for each two warrants exercised until 2:00 p.m. (Pacific
                                            Time) on December 31, 2003.

                                            1,087,201 shares of common stock, $0.003 par value, issueable upon
                                            exercise of warrants. The shares are offered on a registered basis
                                            and not as bearer shares.

Exercise price per share ................   $17.50 per share
of common stock

Terms of the offering ...................   We issued 2,174,403 warrants as a dividend to all record holders
                                            of our warrants at the close of trading on January 19, 2000, and
                                            to all persons who exercised our warrants during the period
                                            commencing on November 22, 1999 and ending at the close of trading
                                            on January 19, 2000. We are offering the shares of common stock
                                            solely to the holders of the warrants. Shares not issued in this
                                            offering will not be offered or sold to the public. However,
                                            shares issued upon exercise of the warrants, as well as the other
                                            shares being registered by the registration statement which
                                            included this prospectus, may be resold under this prospectus from
                                            time to time.

Common stock outstanding.................   5,689,159 shares (includes 180,726 shares that are disputed and
prior to offering (May 31, 2003)            may be redeemed)

Common stock outstanding.................   6,776,360 shares (includes 180,726 shares that are disputed and
after offering if all warrants exercised    may be redeemed)

Estimated net proceeds to Bonso..........   $18,901,710.50
if all warrants exercised

Use of proceeds .........................   We intend to use the net proceeds from this offering for working
                                            capital. See "Use of Proceeds."

                                       5


Risk Factors.............................   Acquisition of shares of our common stock entails a high degree of
                                            risk and exercise of our warrants also entails immediate
                                            substantial dilution. See "Risk Factors."

Nasdaq symbols...........................   Common Shares.....   BNSO
                                            Warrants..........   BNSOZ

Shares Being Offered for Resale

Shares offered for resale................   Six hundred fifty five thousand seven hundred and twenty six
                                            (655,726) shares of common stock currently issued and outstanding.
                                            These shares may be offered and sold from time to time by selling
                                            shareholders.

Advisers and Auditors

Legal Advisors...........................   Schlueter & Associates, P.C.
                                            1050 Seventeenth Street, Suite 1700
                                            Denver, Colorado 80265
                                            U.S.A.
                                            Telephone: (303) 292-3883

                                            Harney Westwood & Riegels
                                            Craigmuir Chambers
                                            P.O. Box 71
                                            Road Town, Tortola
                                            British Virgin Islands
                                            (284) 494-2233

Auditors for
Bonso Electronics International Inc.  ...   PricewaterhouseCoopers
                                            22nd Floor Prince's Building
                                            Central
                                            Hong Kong
                                            Telephone: (852) 2289-8888
                                            Member of the Hong Kong
                                            Society of Accountants


                                       6



                                  RISK FACTORS

     Investment In The Securities Offered Through This Prospectus Involves A
High Degree Of Risk. Please Carefully Consider The Following Risk Factors, Along
With The Other Information Contained In This Prospectus, Before Deciding Whether
To Exercise Your Warrants.

Political, Legal, Economic and Other Uncertainties of Operations in China and
Hong Kong

     We Could Face Increased Currency Risks If China Does Not Maintain The
Stability Of The Hong Kong Dollar. The Hong Kong Dollar and the United States
Dollar have been fixed at approximately 7.80 Hong Kong Dollars to 1.00 U.S.
Dollars since 1983. The Chinese government expressed its intention in the Basic
Law to maintain the stability of the Hong Kong currency after the sovereignty of
Hong Kong was transferred to China. If the current exchange rate mechanism is
changed, we face increased currency risks.

     We Face Significant Risks If The Chinese Government Changes Its Policies,
Laws, Regulations, Tax Structure, Or Its Current Interpretations Of Its Laws,
Rules And Regulations Relating To Our Operations In China. Our manufacturing
facility is located in China. As a result, our operations and assets are subject
to significant political, economic, legal and other uncertainties. Changes in
policies by the Chinese government resulting in changes in laws or regulations
or the interpretation of laws or regulations, confiscatory taxation, changes in
employment restrictions, restrictions on imports and sources of supply, import
duties, corruption, currency revaluation or the expropriation of private
enterprise could materially and adversely affect us. Over the past several
years, the Chinese government has pursued economic reform policies including the
encouragement of private economic activity and greater economic
decentralization. If the Chinese government does not continue to pursue its
present policies that encourage foreign investment and operations in China, or
if these policies are either not successful or are significantly altered, then
our business operations in China could be adversely affected. We could even be
subject to the risk of nationalization, which could result in the total loss of
investment in that country. Following the Chinese government's policy of
privatizing many state-owned enterprises, the Chinese government has attempted
to augment its revenues through increased tax collection. Continued efforts to
increase tax revenues could result in increased taxation expenses being incurred
by us. Economic development may be limited as well by the imposition of
austerity measures intended to reduce inflation, the inadequate development of
infrastructure and the potential unavailability of adequate power and water
supplies, transportation and communications. If for any reason we were required
to move our manufacturing operations outside of China, our profitability would
be substantially impaired, our competitiveness and market position would be
materially jeopardized and we might have to discontinue our operations.

     We Face Risks By Operating In China, Because The Chinese Legal System
Relating To Foreign Investment And Foreign Operations Like Bonso's Is New And
Evolving And The Application Of Chinese Laws Is Uncertain. The legal system of
China relating to foreign investments is both new and continually evolving, and
currently there can be no certainty as to the application of its laws and
regulations in particular instances. The Chinese legal system is a civil law

                                       7


system based on written statutes. Unlike common law systems, it is a system in
which decided legal cases have little precedential value. In 1979, the Chinese
government began to promulgate a comprehensive system of laws and regulations
governing economic matters in general. Legislation over the past 20 years has
significantly enhanced the protections afforded to various forms of foreign
investment in Mainland China. Enforcement of existing laws or agreements may be
sporadic and implementation and interpretation of laws inconsistent. The Chinese
judiciary is relatively inexperienced in enforcing the laws that exist, leading
to a higher than usual degree of uncertainty as to the outcome of any
litigation. Even where adequate law exists in China, it may not be possible to
obtain swift and equitable enforcement of that law.

     We Could Be Adversely Affected If China Changes Its Economic Policies In
The Shenzhen Special Economic Zone Where We Operate. As part of its economic
reform, China has designated certain areas, including Shenzhen where our
manufacturing complex is located, as Special Economic Zones. Foreign enterprises
in these areas benefit from greater economic autonomy and more favorable tax
treatment than enterprises in other parts of China. Changes in the policies or
laws governing Special Economic Zones could have a material adverse effect on
us. Moreover, economic reforms and growth in China have been more successful in
certain provinces than others, and the continuation or increase of these
disparities could affect the political or social stability of China.

     Controversies Affecting China's Trade With The United States Could Harm Our
Results Of Operations Or Depress Our Stock Price. While China has been granted
permanent most favored nation trade status in the United States through its
entry into the World Trade Organization, controversies between the United States
and China may arise that threaten the status quo involving trade between the
United States and China. These controversies could materially and adversely
affect our business by, among other things, causing our products in the United
States to become more expensive resulting in a reduction in the demand for our
products by customers in the United States. Political or trade friction between
the United States and China, whether or not actually affecting our business,
could also materially and adversely affect the prevailing market price of our
common shares.

     If Our Sole Factory Were Destroyed Or Significantly Damaged As A Result of
Fire Or Some Other Natural Disaster, We Would Be Adversely Affected. All of our
products are currently manufactured at our manufacturing facility located in
Shenzhen, China. Fire fighting and disaster relief or assistance in China may
not be as developed as in Western countries. We currently maintain property
damage insurance aggregating approximately $22,400,000 covering our stock in
trade, goods and merchandise, furniture and equipment and buildings. We do not
maintain business interruption insurance. Investors are cautioned that material
damage to, or the loss of, our factory due to fire, severe weather, flood or
other act of God or cause, even if insured against, could have a material
adverse effect on our financial condition, results of operations, business and
prospects.

                                       8


     Our Results Could Be Harmed If We Have To Comply With New Environmental
Regulations. Our operations create some environmentally sensitive waste that may
increase in the future depending on the nature of our manufacturing operations.
The general issue of the disposal of hazardous waste has received increasing
attention from the PRC national and local governments and foreign governments
and agencies and has been subject to increasing regulation. Our business and
operating results could be materially and adversely affected if we were to
increase expenditures to comply with environmental regulations affecting our
operations.

Risk Factors Relating to Our Business

     We Depend Upon Our Largest Customers For A Significant Portion Of Our Sales
Revenue, And We Cannot Be Certain That Sales To These Customers Will Continue.
If Sales To These Customers Do Not Continue, Then Our Sales Will Decline And Our
Business Will Be Negatively Impacted. Traditionally, we have relied upon 3-4
customers for a significant portion of our sales during the fiscal year. Four
major customers accounted for approximately 44% of our sales in the fiscal year
ended March 31, 2001, one major customer accounted for approximately 22% of our
sales in the fiscal year ended March 31, 2002, and four customers accounted for
approximately 31% in the fiscal year ended March 31, 2003, with one customer
accounting for 14% of our sales. We do not enter into long-term contracts with
our customers, but manufacture based upon purchase orders and therefore cannot
be certain that sales to these customers will continue. The loss of our largest
customers could have a material negative impact on our sales revenue and our
business.

     If We Are Not Able To Increase Our Manufacturing Capacity, We May Not Be
Able To Meet The Demands Of Our Customers, Which Could Result In The Loss Of
Sales And Our Customer Base. Our long-term competitive position will depend to a
significant extent on our ability to increase our manufacturing capacity. We
will need to invest in additional plant and equipment to expand capacity in our
current facilities or obtain additional capacity through acquisitions. Either of
these alternatives will require additional capital, which we may not be able to
obtain on favorable terms, or at all. Further, we may not be able to acquire
sufficient capacity or successfully integrate and manage additional facilities.
The failure to obtain capacity when needed or to successfully integrate and
manage additional manufacturing facilities could adversely impact our
relationships with our customers and materially harm our business and results of
operations.

     Defects In Our Products Could Impair Our Ability To Sell Our Products Or
Could Result In Litigation And Other Significant Costs. Detection of any
significant defects in our products may result in, among other things, delay in
time-to-market, loss of market acceptance and sales of our products, diversion
of development resources, injury to our reputation, or increased warranty costs.
Because our products are complex, they may contain defects that cannot be
detected prior to shipment. These defects could harm our reputation, which could
result in significant costs to us and could impair our ability to sell our
products. The costs we may incur in correcting any product defects may be
substantial and could decrease our profit margins.

     Since certain of our products are used in applications that are integral to
our customers' businesses, errors, defects, or other performance problems could
result in financial or other damages to our customers. Product liability
litigation, even if it were unsuccessful, would be time consuming and costly to
defend. Our product liability insurance may not be adequate to cover claims.

                                       9


     Our Sales Through Retail Merchants Result In Seasonality And Susceptibility
To A Downturn In The Retail Economy And Sales Variances Resulting From Retail
Promotional Programs. With the acquisition of Korona, a significant portion of
our net sales involve sales of bathroom and kitchen scales to retail merchants
in Europe. In addition, many of our other customers sell to retail merchants.
Accordingly, these portions of our customer base are susceptible to a downturn
in the retail economy. Sales of certain of our scale and telecommunications
products are seasonal, with sales of our scale products declining in the summer
months and sales of our telecommunications products increasing during the
summer. A significant portion of our sales in Europe are attributable to the
promotional programs of our retail industry customers. These promotional
programs result in significant orders by customers who do not carry our products
on a regular basis. Promotional programs often involve special pricing terms or
require us to spend funds to have our products promoted. We cannot assure you
that promotional purchases by our retail industry customers will be repeated
regularly, or at all. Our promotional sales could cause our quarterly results to
vary significantly.

     Our Customers Are Dependent On Shipping Companies For Delivery Of Our
Products And Interruptions To Shipping Could Materially And Adversely Affect Our
Business And Operating Results. Typically, we sell our products F.O.B. Hong Kong
and our customers are responsible for the transportation of products from Hong
Kong to their final destinations. Our customers rely on a variety of carriers
for product transportation through various world ports. A work stoppage, strike
or shutdown of one or more major ports or airports could result in shipping
delays materially and adversely affecting our customers, which in turn could
have a material adverse effect on our business and operating results. Similarly,
an increase in freight surcharges due to rising fuel costs or general price
increases could materially and adversely affect our business and operating
results.

     Customer Order Estimates May Not Be Indicative Of Actual Future Sales. Some
of our customers have provided us with forecasts of their requirements for our
products over a period of time. We make many management decisions based on these
customer estimates, including purchasing materials, hiring personnel, and other
matters that may increase our production capacity and costs. If a customer
reduces its orders from prior estimates after we have increased our production
capabilities and costs, this reduction may decrease our net sales and we may not
be able to reduce our costs to account for this reduction in customer orders.
Many customers do not provide us with forecasts of their requirements for our
products. If those customers place significant orders, we may not be able to
increase our production quickly enough to fulfill the customers' orders. The
inability to fulfill customer orders could damage our relationships with
customers and reduce our net sales.

     Pressure By Our Customers To Reduce Prices And Agree To Long-Term Supply
Arrangements May Cause Our Net Sales Or Profit Margins To Decline. Our customers
are under pressure to reduce prices of their products. Therefore, we expect to
experience pressure from our customers to reduce the prices of our products. Our
customers frequently negotiate supply arrangements with us well in advance of

                                       10


delivery dates, thereby requiring us to commit to price reductions before we can
determine if we can achieve the assumed cost reductions. We believe we must
reduce our manufacturing costs and obtain higher volume orders to offset
declining average sales prices. If we are unable to offset declining average
sales prices, our gross profit margins will decline.

     We Depend Upon Our Key Personnel And The Loss Of Any Key Personnel, Or Our
Failure To Attract And Retain Key Personnel, Could Adversely Affect Our Future
Performance, Including Product Development, Strategic Plans, Marketing And Other
Objectives. The loss or failure to attract and retain key personnel could
significantly impede our performance, including product development, strategic
plans, marketing and other objectives. Our success depends to a substantial
extent not only on the ability and experience of our senior management, but
particularly upon Anthony So our President, Secretary, Treasurer and Chairman of
the Board. We do not have key man life insurance on Mr. So. To the extent that
the services of Mr. So would be unavailable to us, we would be required to
obtain another person to perform the duties Mr. So otherwise would perform. We
may be unable to employ another qualified person with the appropriate background
and expertise to replace Mr. So on terms suitable to us.

     We Face The Pressures Of A Competitive Industry. Our business is in an
industry that is highly competitive, and many of our competitors, both local and
international, have substantially greater technical, financial and marketing
resources than we have. We compete with scale manufacturers in the Far East, the
United States, and Europe. We believe that our principal competitor in the scale
market is Measurement Specialties, Inc. and principal competitors in the
telecommunications market are other Original Equipment or OEM manufacturers;
however, as a contract and original equipment manufacturer and original design
manufacturer, we compete with all companies engaged in the contract and original
equipment manufacturing business. Further, subsequent to the acquisitions of
Korona and Gram Precision, we compete with distributors of scales in Europe and
Canada. Both the scale and the telecommunications markets are highly competitive
and we face pressures on pricing and lower margins as evidenced by the decline
in margins that we have experienced with our telecommunications products. Lower
margins may effect our ability to cover our costs which could have a material
negative impact on our operations and our business.

     We Are Controlled By Our Management, Whose Interest May Differ From Those
Of The Other Shareholders. At the present time, Mr. Anthony So, our founder and
President, beneficially owns approximately 35.77% of the outstanding shares of
common stock, including shares underlying his outstanding options, or 28.58%
without including his outstanding options. Due to his stock ownership, Mr. So
may be in a position to elect the board of directors and, therefore, to control
our business and affairs including certain significant corporate actions such as
acquisitions, the sale or purchase of assets and the issuance and sale of our
securities. Mr. So may be able to prevent or cause a change in control. We also
may be prevented from entering into transactions that could be beneficial to us
without Mr. So's consent. The interest of our largest shareholder may differ
from the interests of other shareholders.

     Our Operating Results and Stock Price Are Subject To Wide Fluctuations. Our
quarterly and annual operating results are affected by a wide variety of factors
that could materially and adversely affect net sales, gross profit and
profitability. This could result from any one or a combination of factors, many
of which are beyond our control. Results of operations in any period should not
be considered indicative of results to be expected in any future period, and
fluctuations in operating results may also result in fluctuations in the market
price of our common stock.

                                       11


     Our Results Have Been Affected By Changes In Currency Exchange Rates.
Changes in currency rates involving the Canadian Dollar, Hong Kong dollar,
Chinese Renminbi or the Euro could increase our expenses.

     Our financial results have been affected by currency fluctuations,
resulting in total foreign exchange losses of $96,592 during the year ended
March 31, 2003. Generally, our revenues are collected in United States Dollars,
Euros and Canadian Dollars. Our costs and expenses are paid in United States
Dollars, Canadian Dollars, Hong Kong Dollars, Euros and Chinese Renminbi. We
face a variety of risks associated with changes among the relative value of
these currencies. An appreciation of the Canadian Dollar, Chinese Renminbi, Hong
Kong Dollar or the Euro against the U.S. Dollar would increase our expenses when
translated into U.S. Dollars and could materially and adversely affect our
margins. In addition, a significant devaluation in the Canadian Dollar, Chinese
Renminbi, Hong Kong Dollar or Euro could harm our business if it destabilizes
the economy of Canada, China, Hong Kong, or the European Union.

     Strategic Acquisitions. Recently we have acquired Gram Precision and Korona
to expand our operations. While we are optimistic about these acquisitions,
there can be no assurances that we will be successful in our plans regarding the
operation of these acquisitions. Further, we can give you no assurance that our
acquisitions will perform in accordance with our expectations. Despite our due
diligence efforts, we must necessarily base any assessment of potential
acquisitions on inexact and incomplete information and assumptions with respect
to operations, profitability and other matters that may prove to be incorrect.
Any difficulties with these acquisitions could disrupt our ongoing business,
distract our management and employees and increase our expenses. Moreover, our
profitability may suffer because of acquisition related costs or amortization of
acquired goodwill and other intangible assets.

     Protection and Infringement of Intellectual Property. Except for the
trademark for the KORONA mark, we have no patents, licenses, franchises,
concessions or royalty agreements that are material to our business. We have
obtained a trademark registration in Hong Kong and China for the marks BONSO and
MODUS in connection with certain electronic apparatus. Unauthorized parties may
attempt to copy aspects of our products or trademarks or to obtain and use
information that we regard as proprietary. Policing unauthorized use of our
products is difficult. Our means of protecting our proprietary rights may not be
adequate. In addition, the laws of some foreign countries do not protect our
proprietary rights to as great an extent as do the laws of the United States.
Our failure to adequately protect our proprietary rights may allow third parties
to duplicate our products or develop functionally equivalent or superior
technology. In addition, our competitors may independently develop similar
technology or design around our proprietary intellectual property.

                                       12


     Further, we may be notified that we are infringing patents, trademarks,
copyrights or other intellectual property rights owned by other parties. In the
event of an infringement claim, we may be required to spend a significant amount
of money to develop a non-infringing alternative or to obtain licenses. We may
not be successful in developing such an alternative or obtaining a license on
reasonable terms, if at all. Any litigation, even without merit, could result in
substantial costs and diversion of resources and could materially and adversely
affect our business and operating results.

     Our Business And Operating Results Would Be Materially And Adversely
Affected If Our Suppliers Of Needed Components Fail To Meet Our Needs. At
various times, we have and continue to experience shortages of some of the
electronic components that we use, and suppliers of some components lack
sufficient capacity to meet the demand for these components. In some cases,
supply shortages and delays in deliveries of particular components have resulted
in curtailed production, or delays in production, of assemblies using that
component, which contributed to an increase in our inventory levels and
reduction in our gross margins. There can be no assurance that such shortages
and delays in deliveries of some components will not occur in the future. If we
are unable to obtain sufficient components on a timely basis, we may experience
manufacturing delays, which could harm our relationships with current or
prospective customers and reduce our sales. We also depend on a small number of
suppliers for certain of the components that we use in our business. If we were
unable to continue to purchase components from these limited source suppliers,
our business and operating results would be materially and adversely affected.

     Cancellations Or Delays In Orders Could Materially And Adversely Affect Our
Gross Margins And Operating Income. Sales to our OEM customers are primarily
based on purchase orders we receive from time to time rather than firm,
long-term purchase commitments. Although it is our general practice to purchase
raw materials only upon receiving a purchase order, for certain customers we
will occasionally purchase raw materials based on such customers' rolling
forecasts. Further, during times of potential component shortages we have
purchased, and may continue to purchase, raw materials and component parts in
the expectation of receiving purchase orders for products that use these
components. In the event actual purchase orders are delayed, are not received or
are cancelled, we would experience increased inventory levels or possible
write-downs of raw material inventory that could materially and adversely affect
our business and operating results.

     We Generally Have No Written Agreements With Suppliers To Obtain Components
And Our Margins And Operating Results Could Suffer From Increases In Component
Prices. We are typically responsible for purchasing components used in
manufacturing products for our customers. We generally do not have written
agreements with our suppliers of components. This typically results in our
bearing the risk of component price increases because we may be unable to
procure the required materials at a price level necessary to generate
anticipated margins from the orders of our customers. Accordingly, increases in
component prices could materially and adversely affect our gross margins and
operating results.

                                       13


Certain Legal Consequences of Foreign Incorporation and Operations

     Judgments Against The Company And Management May Be Difficult To Obtain Or
Enforce. We are a holding corporation organized as an International Business
Company under the laws of the British Virgin Islands and our principal operating
subsidiary is organized under the laws of Hong Kong. Our principal executive
offices are located in Hong Kong and our second operating subsidiary is located
in Germany. Outside the United States, it may be difficult for investors to
enforce judgments obtained against us in actions brought against us in the
United States, including actions predicated upon the civil liability provisions
of federal securities laws. In addition, most of our officers and directors
reside outside the United States and the assets of these persons and of the
Company are located outside of the United States. As a result, it may not be
possible for investors to effect service of process within the United States
upon these persons, or to enforce against the Company or these persons judgments
predicated upon the liability provisions of United States securities laws. Our
Hong Kong counsel and our British Virgin Islands counsel have advised that there
is substantial doubt as to the enforceability against us or any of our directors
or officers in original actions or in actions for enforcement of judgments of
United States courts in claims for liability based on the civil liability
provisions of federal securities laws.

     Because We Are Incorporated In The British Virgin Islands, You May Not Have
The Same Protections As Shareholders Of U.S. Corporations. We are organized
under the laws of the British Virgin Islands. Principles of law relating to
matters affecting the validity of corporate procedures, the fiduciary duties of
our management, directors and controlling shareholders and the rights of our
shareholders differ from, and may not be as protective of shareholders as, those
that would apply if we were incorporated in a jurisdiction within the United
States. Our directors have the power to take certain actions without shareholder
approval, including an amendment of our Memorandum or Articles of Association
and certain fundamental corporate transactions, including reorganizations,
certain mergers or consolidations and the sale or transfer of assets. In
addition, there is doubt that the courts of the British Virgin Islands would
enforce liabilities predicated upon United States securities laws.

     Our Shareholders Do Not Have The Same Protections Or Information Generally
Available To Shareholders Of U.S. Corporations Because The Reporting
Requirements For Foreign Private Issuers Are More Limited Than Those Applicable
To Public Corporations Organized In The United States. We are a foreign private
issuer within the meaning of rules promulgated under the Exchange Act. We are
not subject to certain provisions of the Exchange Act applicable to United
States public companies including: the rules under the Exchange Act requiring
the filing with the Securities and Exchange Commission ("SEC" or the
"Commission") of quarterly reports on Form 10-Q or current reports on Form 8-K,
the sections of the Exchange Act regulating the solicitation of proxies,
consents or authorizations in respect to a security registered under the
Exchange Act and the sections of the Exchange Act requiring insiders to file
public reports of their stock ownership and trading activities and establishing
insider liability for profits realized from any "short-swing" trading
transaction (i.e., a purchase and sale, or sale and purchase, of the issuer's
equity securities within six months or less). Because we are not subject to
these rules, our shareholders are not afforded the same protections or
information generally available to investors in public companies organized in
the United States.

                                       14


     Our Board's Ability To Amend Our Charter Without Shareholder Approval Could
Have Anti-Takeover Effects That Could Prevent A Change In Control. As permitted
by the law of the British Virgin Islands, our Memorandum and Articles of
Association, which are the terms used in the British Virgin Islands for a
corporation's charter and bylaws, may be amended by our board of directors
without shareholder approval provided that a majority of our independent
directors do not vote against the amendment. This includes amendments to
increase or reduce our authorized capital stock. Our board's ability to amend
our charter documents without shareholder approval could have the effect of
delaying, deterring or preventing a change in control of Bonso, including a
tender offer to purchase our common shares at a premium over the then current
market price.

     We May Not Pay Dividends In The Future. Although we have declared an annual
dividend during the fiscal years ended March 31, 2001 and 2002 and on April 2,
2003, we may not be able to declare dividends or may decide not to declare
dividends in the future. We will determine the amounts of any dividends when and
if they are declared, in the future at the time of declaration.

     Dispute With Augusta Technologie AG ("Augusta") Regarding Repurchase
Obligation May Result In Obligation For The Company To Redeem Certain Shares.
Effective May 1, 2001, we acquired Korona from Augusta. Part of the purchase
price was paid to Augusta by the issue of 180,726 shares of our restricted
common stock based on an agreed-upon price of $8.00 per share pursuant to the
Stock Purchase Agreement (the "Agreement") with Augusta. For accounting
purposes, the issue of the shares was originally recorded at the value of $5.00
per share, based on the average price per share for a total of 5 days before and
after the completion date of the acquisition. Under the terms of the Agreement
we had an obligation to register the common stock with the SEC. The Agreement
gave Augusta the right to have us redeem the common stock if the registration of
the stock had not been declared effective by the SEC on or before January 31,
2002. We filed a registration statement to register the common stock held by
Augusta which was declared effective by the SEC on March 7, 2002. In March 2002,
Augusta exercised the repurchase obligation requesting to return the 180,726
shares of common stock to us in exchange for a promissory note of $1,445,808,
repayable in nine monthly payments which would have commenced April 1, 2002 and
bearing interest at a rate of 8% per annum which would result in an interest
cost of approximately $50,000 for the whole period of the promissory note.

     On October 22, 2002, Augusta filed a request for arbitration in the state
of New York asserting breach of the Agreement and registration rights agreement.
On January 13, 2003, we filed our answer to Augusta's request for arbitration
asserting that Augusta breached the Agreement and the implied duty of good faith
and fair dealing by withholding consent from Korona's auditors for the release
of Korona's financial statements. We are currently in the process of proceeding
through the arbitration. Although we are optimistic that we will be successful
in the arbitration, there can be no assurance that this will occur. Further, if
the arbitration proceeds, there will be legal fees, travel expenses and other
costs related to the arbitration that will be incurred by us in defending the
matter. If we do not succeed in the arbitration, we may be obligated to
repurchase the stock by exchanging it for the promissory note, to repaid with
accrued interest over a nine-month period of time.

                                       15


Risks Relating to this Offering

     You May Not Be Able To Sell Your Shares Of Common Stock For What You Paid
For Them. The exercise price of the warrants has been arbitrarily determined by
us and does not necessarily bear any relationship to our assets, operating
results, book value or shareholders' equity or any other statistical criterion
of value. The exercise price of the warrants should not under any circumstances
be regarded as an indication of any future market price of our common stock.

     You May Not Be Able to Exercise Your Warrants If We Do Not Have An
Effective Registration Statement Or Have Not Complied With Applicable Laws.
Exercise of our outstanding warrants is subject to our either maintaining the
effectiveness of our registration statement, or filing an effective registration
statement with the SEC and complying with the appropriate state securities laws.
If we do not have an effective registration statement or we have not complied
with all appropriate state securities laws, you will not be able to exercise
your warrants to purchase a share of common stock.

     Future Sales Of Restricted Shares And Shares Underlying Outstanding
Publicly Traded Warrants Into The Public Market Could Depress The Market Price
Of The Common Stock. Approximately 3,150,577 outstanding shares of our common
stock are restricted securities as that term is defined in Rule 144 under the
Securities Act of 1933, as amended (the "Securities Act"). Although the
Securities Act and Rule 144 place certain prohibitions on the sale of restricted
securities, they may be sold into the public market under certain conditions.
Further, there are outstanding options to purchase 1,044,500 shares of common
stock and have reserved an additional 468,782 shares for issuance upon exercise
of stock options which may be granted in the future under our existing stock
option plans, in addition to 1,087,201 shares issuable upon exercise of our
publicly traded warrants. It is possible that, when permitted, the sale to the
public of the restricted shares or the shares acquired upon exercise of the
options or warrants, could have a depressing effect on the price of the common
stock. Further, future sales of these shares and the exercise of these options
and warrants could adversely affect our ability to raise capital in the future.

     Because The Market Price Of Our Common Stock Fluctuates, You May Not Be
Able To Sell Your Shares Of Common Stock For What You Paid For Them. The markets
for equity securities have been volatile and the price of our common stock has
been and could continue to be subject to wide fluctuations in response to
quarter to quarter variations in operating results, news announcements, trading
volume, sales of common stock by officers, directors and principal shareholders,
general market trends and other factors. Therefore, you may not be able to sell
your stock for what you paid for it.

     Shareholders Who Do Not Exercise Their Warrants Would Be Diluted By the
Exercise of Other Warrants. Our current shareholders who hold dividend warrants
will have their percentage of ownership in the company diluted if they choose to
let their warrants expire and other warrant holders choose to exercise their
warrants.

                                       16


     We Might Decide to Redeem the Warrants And You Could Be Adversely Affected.
The warrants are redeemable by us at any time at $0.01 per warrant upon 30 days
notice if the public trading price of the common stock equals or exceeds 110% of
the then-current exercise price of the warrants for 20 trading days within the
preceding 30 trading days. If we call the warrants for redemption, the holders
of the warrants must either (i) exercise the warrants and pay the exercise price
at a time when it may be disadvantageous for them to do so; (ii) sell the
warrants at the then current market price when they might otherwise wish to hold
the warrants; or (iii) accept the nominal redemption price, which is likely to
be substantially less than the market value of the warrants. If we redeem the
Warrants and do not have an effective registration statement or have not
complied with all appropriate state securities laws, you will not be able to
exercise your warrants and will have to accept the $0.01 per warrant redemption
price or sell the Warrants (if a market exists).









                                       17


                       WHERE YOU CAN FIND MORE INFORMATION

     We file annual and special reports and other information with the
Securities and Exchange Commission. You may read and copy any document we file
at the Commission's Public Reference Room 450 Fifth Street, N.W., Washington,
D.C. You may obtain information on the operation of the Public Reference Room by
calling the Commission at 1-800-SEC-0330. You can also obtain copies of our
Commission filings by going to the Commission's website at http://www.sec.gov.

                 INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE

     The Commission requires us to both "incorporate by reference" certain
information we file with them, which means that we can disclose important
information to you by referring you to those documents, and to deliver with this
prospectus copies of certain documents previously filed with the Commission on
our behalf. The information incorporated by reference is considered to be part
of this prospectus. We incorporate by reference our annual report on Form 20-F,
for the fiscal year ended March 31, 2003 filed with the Commission on July 24,
2003 and our 6-K filed with the Commission on August 11, 2003. Our annual report
on Form 20-F is also delivered with this prospectus. This prospectus is part of
a registration statement we filed with the Commission.

     We will provide, without charge, to each person, including any beneficial
owner, to whom this prospectus is delivered, upon written or oral request, a
copy of any document incorporated by reference into this prospectus but not
delivered with this prospectus. You should direct your request for these filings
to Henry F. Schlueter, Schlueter & Associates, P.C., 1050 Seventeenth Street,
Suite 1700, Denver, Colorado 80265; (303) 292-3883. You may also obtain these
filings electronically at the Commission's worldwide website at
http://www.sec.gov/edgarhp/htm.

     You should rely only on the information incorporated by reference,
contained in the documents delivered with this prospectus or provided in this
prospectus or any supplement to this prospectus. We have not authorized anyone
else to provide you with different information. We are not making an offer of
these securities in any state where the offer is not permitted.






                                       18


                           FORWARD-LOOKING STATEMENTS

     Any statements in this prospectus which discuss our expectations,
intentions and strategies for the future are "forward-looking statements" within
the meaning of Section 27A of the Securities Act and Section 21E of the Exchange
Act. Forward-looking statements may be identified by such words or phrases as
"anticipate," "believe," "estimate," "expect," "intend," "project," "will likely
result," "are expected to," "will continue," "is anticipated," "estimated,"
"projected" or similar expressions. These statements are based on information
available to us on the date of this prospectus and we assume no obligation to
update them. These forward-looking statements reflect our current views with
respect to future events and are not a guarantee of future performance. Several
factors could cause future results to differ materially from those expressed in
any forward-looking statements in this prospectus including, but not limited to:

o    Timely development, market acceptance and warranty performance of new
     products

o    Impact of competitive products and pricing

o    Continuity of trends

o    Customers' financial condition

o    Continuity of sales to major customers

o    Interruptions of suppliers' operations affecting availability of component
     materials at reasonable prices

o    Potential emergence of rival technologies

o    Success in integrating and operating Korona and Gram Precision

o    Fluctuations in foreign currency exchange rates

o    Uncertainties of doing business in China and Hong Kong

o    Such additional risks and uncertainties as are detailed from time to time
     in the Company's reports and filings with the Commission.

     Assumptions relating to these factors involve judgments with respect to,
among other things, future economic, competitive and market conditions and
future business decisions, all of which are difficult or impossible to predict
accurately and many of which are beyond our control. Although we believe that
the assumptions underlying the forward-looking statements are reasonable, any of
the assumptions could prove inaccurate and, therefore, there can be no assurance
that the results contemplated in forward-looking information will be realized.
We intend that the forward-looking statements contained in this prospectus be
subject to the safe harbors created by Section 27A of the Securities Act and
Section 21E of the Exchange Act.

                                       19


                                 USE OF PROCEEDS

     If all of the 2,174,403 warrants are exercised, of which there can be no
assurance, the maximum estimated net proceeds to us will be approximately
$18,901,710.50 after deduction of fees and the expenses of this offering.

     We intend to use the net proceeds for working capital. Working capital may
be used for further expansion of our operations, on-going operations, general
and administrative expenses or any other use which the board of directors deems
appropriate.

     Pending utilization, we intend to make temporary investments of the
proceeds in bank certificates of deposit, interest-bearing savings and checking
accounts, prime commercial paper or government obligations. An investment in
interest-bearing assets, if continued for an extensive period of time within the
definitions of the Investment Company Act of 1940, as amended, could subject us
to classification as an "investment company" under the Investment Company Act of
1940 and to registration and reporting requirements thereunder, although we do
not intend this to be a result.

                         CAPITALIZATION AND INDEBTEDNESS

     The following table sets forth our capitalization as of March 31, 2003.
Adjustments have not been made to give effect to the exercise of the warrants,
because the current trading price of the Common Stock is so far below the
exercise prices of the warrants that exercise is unlikely. In addition, there
have not been any major subsequent events since March 31, 2003, and accordingly
no adjustments have been included in the capitalization set forth below. This
table should be read in conjunction with the more detailed information and
financial statements included in our annual report on Form 20-F for the fiscal
year ended March 31, 2003, which has been incorporated by reference into this
prospectus.





                                       20


                       March 31, 2003
                         (Audited)
-----------------------------------------------------------------

Long-term debt and capital lease obligations, net    $    606,488
    of current maturities(1), (2)

Redeemable common stock, par value $0.003; 180,726      1,445,808
shares issued and outstanding(2)

Shareholders' equity:                                           0
Preferred stock par value $0.01 per share
10,000,000 shares authorized; no shares issued and
outstanding

Common stock, $0.003 par value; 23,333,334 shares          16,583
    authorized; 5,529,133 shares issued and
    outstanding

Additional paid-in capital                             21,458,376

Retained earnings                                       6,533,224

Accumulated other comprehensive income                    409,692

Common stock held in treasury, at cost                    (38,832)

Total long term liabilities, redeemable common       $ 30,431,339
    stock and shareholders' equity

(1) We have banking facilities through our wholly owned Hong Kong based
operating company-Bonso Electronics Ltd. ("BEL"), and our wholly-owned
subsidiary KORONA Haushaltswaren GmbH & Co. KG ("Korona"). The Company's banking
facilities are secured by certain of our leasehold properties with a net book
value of $3,521,810, bank guarantees of $6,178,615, and restricted cash deposits
in the approximate amount of $4,104,168 at March 31, 2003, respectively.
Further, the banking facilities are collateralized by a legal charge over
certain assets of one of Bonso's subsidiaries and a personal guarantee by a
director of one of Bonso's subsidiaries. The Company's banking facilities are
guaranteed by Bonso Electronics International Inc.

(2) Since Augusta exercised the redemption option prior to March 31, 2002, we
have adjusted the carrying amount of the redeemable common stock to its full
redemption amount as of March 31, 2002 of $1,445,808. The adjustment of
approximately $542,178 to accrete to the value of the promissory note of
$1,445,808 was treated as an adjustment to the original purchase price and
resulted in the recognition of goodwill of approximately $204,217. Any final
amendment to the redemption amount resulting from the current negotiations with
Augusta will result in a subsequent adjustment to this goodwill amount. If
required to redeem the stock, we anticipate using internally generated funds for
the redemption. Further, although this would be a significant cash expenditure
for us, we do not believe making that this would have a material adverse effect
upon our results of operations.

                                       21


                              THE OFFER AND LISTING

Market and Price Range of Common Stock

     Our common stock is traded only in the United States over-the-counter
market. It is quoted on the Nasdaq National Market System ("NASDAQ") under the
trading symbol "BNSO." The following table sets forth, for the periods
indicated, the range of high and low closing sales prices per share reported by
NASDAQ. The quotations represent prices between dealers and do not include
retail markup markdown or commissions and may not necessarily represent actual
transactions.

     The following table sets forth the high and low closing sale prices as
reported by NASDAQ for each of the last five years:

                   Period                               High              Low
                   ------                               ----              ---
     April 1, 1998 to March 31, 1999                   $11.375          $3.5625
     April 1, 1999 to March 31, 2000                   $19.875            $5.75
     April 1, 2000 to March 31, 2001                  $17.5625            $6.00
     April 1, 2001 to March 31, 2002                    $7.625            $2.38
     April 1, 2002 to March 31, 2003                     $3.45            $1.41

     The following table sets forth the high and low closing sale prices as
reported by NASDAQ during each of the quarters in the two-year period ended
March 31, 2003.

                   Period                               High               Low
                   ------                               ----               ---
     April 1, 2001 to June 30, 2001                    $7.625             $3.64
     July 1, 2001 to September 30, 2001                 $4.85             $2.38
     October 1, 2001 to December 31, 2001               $3.42             $2.45
     January 1, 2002 to March 31, 2002                  $3.15             $2.47
     April 1, 2002 to June 30, 2002                     $3.45             $2.52
     July 1, 2002 to September 30, 2002                 $2.90             $1.80
     October 1, 2002 to December 31, 2002               $2.59             $1.41
     January 1, 2003 to March 31, 2003                  $2.39             $1.61

                                       22


     The following table sets forth the high and low closing sale prices as
reported by NASDAQ during each of the most recent six months.

                   Period                               High               Low
                   ------                               ----               ---
     January 2003                                       $1.99             $1.64
     February 2003                                      $2.39             $1.84
     March 2003                                         $2.17             $1.61
     April 2003                                         $2.29             $1.80
     May 2003                                           $2.28             $1.96
     June 2003                                          $5.20             $2.28

                             Selling Securityholders

     The following table sets forth

     o    the number of shares of our common stock owned of record and
          beneficially by the selling securityholders as of the date of this
          prospectus,

     o    the number of shares of our common stock that are to be offered and
          sold by the selling securityholders from time to time under this
          prospectus, assuming exercise of all of the warrants to be issued to
          selling securityholders,

     o    the number of shares of our common stock to be owned by the selling
          securityholders after the offering, assuming the sale of all 655,726
          of the shares of our common stock by the selling securityholders and

     o    the percent of our outstanding shares to be owned by the selling
          securityholders after the offering, assuming that all 2,174,403
          warrants are exercised.



                       Shares Beneficially                    Shares Beneficially
     Selling                  Owned           Shares to be           Owned             % Owned
  Securityholder        Prior to Offering       Offered         After Offering      After Offering
  --------------        -----------------       -------         --------------      --------------
                                                                             

J. Stewart Jackson           592,575            350,000             242,575              4.16%

Augusta Technologie AG       180,726            180,726                   0               0.0%

Mohan Thadani                125,000            125,000                   0               0.0%


     J. Stewart Jackson is a member of our board of directors. An aggregate of
100,000 of the shares beneficially owned by Mr. Jackson underlie warrants that
were issued to Mr. Jackson in connection with the warrant dividend, and an
aggregate of 30,000 of the shares beneficially owned by Mr. Jackson underlie
options that were issued to Mr. Jackson as a non-employee director. All of the
shares listed above as owned by Augusta Technologie AG are currently outstanding
and were issued as partial consideration for KORONA. All of the shares listed
above as owned by Mohan Thadani are currently outstanding and were issued as
partial consideration for the acquisition of 51% of Gram Precision.

                                       23


Plan of Distribution

     We issued warrants as a dividend to the record holders of our warrants at
the close of trading on January 19, 2000, and to all persons who exercised
warrants between November 22, 1999 and the close of trading on January 19, 2000.
The warrants were distributed in June 2000. The warrants entitle the holders to
purchase up to 1,087,201 shares of common stock at an exercise price of $17.50
per share. The warrants originally expired on December 31, 2001; however, our
board of directors has extended the expiration date until December 31, 2003.

     We are offering the shares of common stock underlying the warrants. Those
shares may be offered on a delayed or continuous basis under Rule 415 under the
Securities Act. No underwriter or placement agent will be involved and no
commissions or similar compensation will be paid to any person. You may resell
the warrants and/or shares of common stock from time to time in transactions
(which may include block transactions) on the Nasdaq SmallCap Market or the
Nasdaq National Market, respectively, in negotiated transactions or through
other methods of sale, at market prices prevailing at the time of sale, or at
negotiated prices. You may sell the warrants and/or common stock directly to
purchasers or through broker-dealers that may act as agents or principals. Such
broker-dealers may receive compensation in the form of discount, concessions or
commissions from you and/or the purchasers of the warrants and/or shares of
common stock.

     You and any broker-dealers that act as a principal in connection with the
sale of the warrants and/or shares of common stock may be deemed to be
"underwriters" within the meaning of Section 2(11) of the Securities Act and any
commissions received by them and any profit on the resale of the warrants and/or
shares of common stock might be deemed to be underwriting discounts and
commissions under the Securities Act. You may agree to indemnify any agent,
dealer or broker-dealer that participates in transactions involving sales of the
warrants and/or shares of common stock against some forms of liability,
including liability arising under the Securities Act. We will not receive any
proceeds from the issuance of the warrant dividend or from the sales of warrants
or shares of common stock by you. Transactions involving the warrants and/or
shares of common stock or even the potential of such sales, may have an adverse
effect on the market price of the warrants and/or our common stock.

     We have agreed to pay all expenses incurred in connection with the
registration of the securities we are offering. You will be responsible to pay
any and all commissions, discounts and other payments to broker-dealers incurred
in connection with your sale of the warrants and/or common stock.

     In order to comply with certain states' securities laws, if applicable, the
common stock may be sold in those jurisdictions only through registered or
licensed brokers or dealers. In certain states the common stock may not be sold
unless it has been registered or qualified for sale in any of those states, or
unless an exemption from registration or qualification is available and is
obtained.

                                       24


Expenses of the Issue

     The following table sets forth the estimated expenses in connection with
this registration:


SEC Registration Fees .....................   $  6,557
Nasdaq Application and Entry Fees .........   $ 44,750
Printing Registration Statement, Prospectus
   and Related Documents ..................   $  8,500
Accounting Fees and Expenses ..............   $ 30,000
Legal Fees ................................   $ 20,000
Legal Expenses ............................   $  5,000
Transfer/Warrant Agent Fees and Expenses ..   $  1,500
Miscellaneous .............................   $  8,000
                                              --------

Total .....................................   $124,307
                                              ========

                         DIRECTORS AND SENIOR MANAGEMENT

     Our board of directors and executive officers are listed below:

Name                           Age             Position with Bonso
----                           ---             -------------------

Anthony So                     59    President, Chief Executive Officer,
                                     Secretary, Treasurer, Chief Financial
                                     Officer, Chairman of the Board of Directors
Kim Wah Chung                  45    Director of Engineering and Research and
                                     Development and Director
Cathy Kit Teng Pang            41    Director of Finance and Director
Woo-Ping Fok                   54    Director
J. Stewart Jackson, IV         67    Director
George O'Leary                 65    Director
Henry F. Schlueter             52    Director and Assistant Secretary

     ANTHONY SO is the founder of Bonso. He is our Chief Executive Officer and
Chief Financial Officer and has been our President, Chairman of the Board of
Directors and Treasurer since inception, and our Secretary since July 1991. Mr.
So received his BSE degree in civil engineering from National Taiwan University
in 1967 and a masters degree in business administration ("MBA") from the Hong
Kong campus of the University of Hull, Hull, England in 1994. Mr. So has been
Chairman of the Hong Kong GO Association since 1986, and also served as Chairman
of the Alumni Association of National Taiwan University for the 1993-1994
academic year. Mr. So has served as a trustee of the Chinese University of Hong
Kong, New Asia College since 1994.

                                       25


     KIM WAH CHUNG has been a director since September 21, 1994. Mr. Chung has
been employed by us since 1981 and currently holds the position of Director of
Engineering and Research and Development. Mr. Chung is responsible for all
research projects and product development. Mr. Chung's entire engineering career
has been spent with Bonso, and he has been involved in all of our major product
developments. Mr. Chung graduated with honors in 1981 from the Chinese
University of Hong Kong with a Bachelor of Science degree in electronics.

     CATHY KIT TENG PANG has been a director of Bonso since January 1, 1998. Ms.
Pang was first employed by us as Financial Controller in December 1996 and was
promoted to Director of Finance on April 1, 1998. Ms. Pang was employed as an
auditor in an international audit firm from 1987 to 1991, at which time she
joined a Hong Kong listed company in the field of magnetic industry as Assistant
Financial Controller. From 1994 until she joined us in 1996, she was employed as
Deputy Chief Accountant in a management and property development company in Hong
Kong and China. Ms. Pang has a Bachelor of Business Administration degree from
York University in Toronto, Canada. She is a member of the American Institute of
Certified Public Accountants and of the Hong Kong Society of Accountants.

     WOO-PING FOK was elected to our Board of Directors on September 21, 1994.
Mr. Fok and his firm, Norman M.K. Yeung & Co., have served as our Hong Kong
counsel since 1993. Mr. Fok was admitted to the Canadian Bar as a Barrister &
Solicitor in December 1987 and was a partner in the law firm of Woo & Fok, a
Canadian law firm with its head office in Edmonton, Alberta, Canada. In 1991,
Mr. Fok was qualified to practice as a Solicitor of England & Wales, a Solicitor
of Hong Kong and a Barrister & Solicitor of Australian Capital Territory. Mr.
Fok practices law in Hong Kong and is a partner with Wong & Fok. Mr. Fok's major
areas of practice include conveyancing or real property law, corporations and
business law, commercial transactions and international trade with a special
emphasis in China trade matters.

     J. STEWART JACKSON IV has been a director since January 10, 2000. From 1962
until its merger with Republic Industries in 1996, Mr. Jackson served in various
management capacities, including president, of Denver Burglar Alarm Co., Inc., a
business founded by his family. In addition, in the mid-1960's, Mr. Jackson
founded Denver Burglar Alarm Products, a separate company which invented,
patented, manufactured, distributed and installed contained ionization smoke
detectors and which was later sold to a conglomerate manufacturer. After the
merger of Denver Burglar Alarm Co., Inc., Mr. Jackson founded Jackson Burglar
Alarm Co., Inc., of which he is currently president. Mr. Jackson served on the
advisory board of directors for Underwriter's Laboratories for burglar and fire
alarm systems for 25 years and has been an officer in the Central Station
Protection Association, which, along with the National Burglar Alarm
Association, was formed by his family in the late 1940's. Mr. Jackson graduated
from the University of Colorado in 1962 with a degree in Business Management and
Engineering.

     GEORGE O'LEARY has been a director since January 1997. From November 1994
to the present time, Mr. O'Leary has been President of Pacific Rim Products,
Newport Beach, California, a trading company that provides offshore sourcing
alternatives to U.S. based electronics companies. For eight years prior to 1994,
Mr. O'Leary was President, CEO and a director of Micro General Corporation,
Santa Ana, California, a manufacturer and distributor of mechanical and
electronic scale products. For eight years prior to that, Mr. O'Leary was Vice
President and General Manager of Lanier Business Products, Atlanta, Georgia, a
manufacturer and distributor of office products. Mr. O'Leary has a Bachelor of
Science degree in Electrical Engineering from Northeastern University, Boston,
Massachusetts.

                                       26


     HENRY F. SCHLUETER has been a director since October 2001, and has been our
Assistant Secretary since October 6, 1988. Since 1992, Mr. Schlueter has been
the Managing Director of Schlueter & Associates, P.C., a law firm, practicing in
the areas of securities, mergers and acquisitions, finance and corporate law.
Mr. Schlueter has served as our United States corporate and securities counsel
since 1988. From 1989 to 1991, prior to establishing Schlueter & Associates,
P.C., Mr. Schlueter was a partner in the Denver, Colorado office of Kutak Rock
(formerly Kutak, Rock & Campbell), and from 1984 to 1989, he was a partner in
the Denver office of Nelson & Harding. Mr. Schlueter is a member of the American
Institute of Certified Public Accountants, the Colorado Society of CPA's, the
Colorado and Denver Bar Associations and the Wyoming State Bar.

     There are no family relationships between any of our directors and
executive officers.

     No arrangement or understanding exists between any such director or officer
and any other persons pursuant to which any director or executive officer was
elected as a director or executive officer. Our directors are elected annually
and serve until their successors take office or until their death, resignation
or removal. The executive officers serve at the pleasure of the Board of
Directors.

                            DESCRIPTION OF SECURITIES

Common Stock

     We are authorized to issue 23,333,334 shares of common stock, $0.003 par
value per share.

     Holders of common stock are entitled to one vote for each whole share on
all matters to be voted upon by shareholders, including the election of
directors. Holders of common stock do not have cumulative voting rights in the
election of directors. All shares of common stock are equal to each other with
respect to liquidation and dividend rights. Holders of common stock are entitled
to receive dividends if and when declared by the board of directors out of funds
legally available therefor under British Virgin Islands law. In the event of the
liquidation of the company, all assets available for distribution to the holders
of the common stock are distributable among them according to their respective
holdings. Holders of common stock have no preemptive rights to purchase any
additional, unissued shares of common stock. All of the outstanding shares of
common stock of the company are, and those to be issued pursuant to this
offering will be, fully paid and non-assessable.

     Under our Memorandum and Articles of Association and the laws of the
British Virgin Islands, our Memorandum and Articles of Association may be
amended by the board of directors without shareholder approval. This includes
amendments increasing or reducing the authorized capital stock of the company
and increasing or reducing the par value of our shares. The board of directors
may also increase the capital of the company without shareholder approval by
transferring a portion of the company's surplus to capital or reduce the
company's capital by transferring a portion of the company's capital to surplus.
Our ability to amend our Memorandum and Articles of Association without
shareholder approval could have the effect of delaying, deterring or preventing
a change in control of the company without any further action by the
shareholders, including but not limited to a tender offer to purchase the common
stock at a premium over then current market prices.

                                       27


     Under United States law, majority and controlling shareholders generally
have certain fiduciary responsibilities to the minority shareholders.
Shareholder action must be taken in good faith and actions by controlling
shareholders that are obviously unreasonable may be declared null and void. The
British Virgin Islands law protecting the interests of the minority shareholders
may not be as protective in all circumstances as the laws protecting minority
shareholders in United States jurisdictions. While British Virgin Islands law
does permit a shareholder of a British Virgin Islands company to sue its
directors derivatively, i.e., in the name of and for the benefit of the company,
and to sue the company and its directors for his benefit and the benefit of
others similarly situated, the circumstances in which any action may be brought
and the procedures and defenses that may be available with respect to any action
may result in the rights of shareholders of a British Virgin Islands company
being more limited than those rights of shareholders in a United States company.

Preferred Stock

     Under our Memorandum and Articles of Association, we are authorized to
issue up to an aggregate of 10,000,000 shares of preferred stock, $.01 par
value, divided into 2,500,000 shares each of class A preferred stock, class B
preferred stock, class C preferred stock and class D preferred stock. Shares may
be issued within each class from time to time by our board of directors in its
sole discretion without the approval of the shareholders with such designations,
powers, preferences, rights, qualifications, limitations and restrictions as
have not been fixed in our Memorandum of Association. As of the date of this
prospectus, no shares of preferred stock have been issued.

Warrants

     We have issued 2,174,403 warrants which entitle the holders thereof to
purchase 1,087,201 shares of common stock at an exercise price of $17.50 per
share. We will not issue fractional shares upon exercise of warrants but,
instead, we will pay the warrant holder the current market price of the
fractional share, in cash. The warrants are exercisable until 2:00 p.m. (Pacific
Time) on December 31, 2003. In the event the warrants are not exercised within
such period, all unexercised warrants will expire and be void and of no further
force or effect. We may extend the warrant exercise period or lower the exercise
price of the warrants in our discretion. The warrants will expire, become void
and be of no further force or effect upon conclusion of the applicable exercise
period, or any extension thereof. The warrants will be governed by the terms of
a warrant agreement between U.S. Stock Transfer, Inc., as warrant agent, and us.
In our option, we may redeem the warrants upon 30 days notice, at a redemption
price of $.01 per warrant, if the public trading price for our common stock
equals or exceeds 110% of the then-current exercise price of the warrants for 20
trading days within the preceding 30 trading days. The exercise price and the
number and kind of common shares to be received upon exercise of the warrants
are subject to adjustment on the occurrence of events such as stock splits,
stock dividends or recapitalization. In the event of our liquidation,
dissolution or winding up, the holders of the warrants will not be entitled to
participate in the distribution of our assets. Additionally, holders of the
warrants have no voting, pre-emptive, liquidation or other rights of
shareholders, and no dividends will be declared on the warrants or the shares
underlying the warrants.

                                       28


     The warrants were issued to you as part of a dividend to our warrant
holders and are freely tradable. Prior to this offering, our warrants have been
traded on the Nasdaq SmallCap Market. Continuation of low volume trading may
adversely affect the liquidity of large holdings and may contribute to high
volatility of the price of our warrants. Additionally, we cannot assure you that
a public trading market for the warrants will continue.

Transfer and Warrant Agent

     The transfer agent and registrar for the common stock and the warrant agent
for the public warrants is U.S. Stock Transfer Corporation, 1745 Gardena Avenue
#200, Glendale, California 91204.















                                       29


Reports to Shareholders

     We intend to furnish annual reports to shareholders which include audited
financial statements reported on by our independent accountants and quarterly
reports for each of our first three quarters which contain unaudited financial
statements. We will continue to comply with the periodic reporting requirements
imposed on foreign issuers by the Exchange Act. We plan to furnish the same
annual and quarterly reports to holders of our public warrants.

                         SHARES ELIGIBLE FOR FUTURE SALE

     Upon completion of this offering, we will have 6,776,360 (including 180,726
shares that are disputed and may be repurchased) shares of common stock
outstanding if all of the dividend warrants are exercised. Of these,
approximately 3,525,783 shares of common stock, other than shares held by our
affiliates, will be freely transferable and tradeable without restriction under
the Securities Act. This includes 987,201 of the 1,087,201 shares to be issued
upon exercise of the warrants. The remaining 3,250,577 shares of common stock
are restricted securities. These shares may only be sold in the public United
States market under an effective registration statement or in accordance with
Rule 144 promulgated under the Securities Act.

     In general, under Rule 144 as currently in effect, a person (or persons
whose shares are required to be aggregated) who has beneficially owned his or
her shares for at least one year, including our affiliates, would be entitled to
sell within any three-month period a number of shares equal to the greater of 1%
of the then outstanding shares of our common stock (approximately 67,970 shares
immediately after this offering if all of the warrants are exercised) or the
average weekly trading volume of our common stock during the four calendar weeks
preceding the filing of the required notice of the sale. Sales under Rule 144
also are subject to certain manner of sale restrictions, notice requirements and
the availability of current public information about us. Under Rule 144(k), a
person who is not deemed to have been an affiliate of ours at any time during
the 90 days preceding a sale, and who has beneficially owned the shares proposed
to be sold for at least two years, is entitled to sell the shares without regard
to the requirements described above. Sales of substantial numbers of shares of
common stock pursuant to a registration statement, Rule 144 or otherwise,
whether in the United States or abroad, could adversely affect the market price
of the common stock.

     We also have reserved 1,044,500 shares of common stock for issuance upon
exercise of certain outstanding options and 468,782 shares for issuance upon
exercise of stock options which may be granted in the future under our stock
option plans. If the holders of the options exercise the options, the shares of
common stock to be issued will constitute restricted securities, subject to Rule
144.

                                       30


                             ADDITIONAL INFORMATION

Share Capital

     Our authorized capital is $170,000 consisting of 23,333,334 shares of
common stock, $0.003 par value per share, and 10,000,000 authorized shares of
preferred stock, $0.01 par value, divided into 2,500,000 shares each of class A
preferred stock, class B preferred stock, class C preferred stock and class D
preferred stock. Information with respect to the number of shares of common
stock outstanding at the beginning and at the end of the last three fiscal
years, is presented in the Consolidated Statements of Changes in Shareholders'
Equity for the years ended March 31, 2001, 2002 and 2003, as incorporated by
reference into this prospectus.

     At May 31, 2003, there were 5,689,159 (including 180,726 shares that are
disputed and may be repurchased) shares of our common stock outstanding, all of
which were fully paid. At May 31, 2003, we had outstanding 2,174,403 warrants to
purchase common stock which are publicly traded and are exercisable to purchase
1,087,201 shares of common stock at $17.50 per share. The warrants originally
were exercisable any time prior to 2:00 p.m. (Pacific Time) on December 31,
2001. In October 2001, our board of directors extended the expiration date until
December 31, 2002, and in July 2002, extended the expiration date until December
31, 2003. In addition, at May 31, 2003, we had outstanding 1,044,500 options to
purchase common stock as follows:

            Number of         Exercise Price              Expiration
             Options            per Share                    Date
             -------            ---------                    ----

             228,000              $8.00                January 6, 2010
              20,000              $8.125              January 12, 2010
              30,000              $7.875               January 9, 2011
             196,000              $3.65                  April 9, 2011
              30,000              $2.55               October 14, 2011
             168,000              $2.50                  March 6, 2012
             372,500              $1.61                  April 1, 2013

Memorandum and Articles of Association.

     We are registered in the British Virgin Islands and have been assigned
company number 9032 in the register of companies. Our registered agent is HWR
Services Limited and is at Craigmuir Chambers, P.O. Box 71, Road Town, Tortola,
British Virgin Islands. The object or purpose of the Company is to engage in any
act or activity that is not prohibited under British Virgin Islands law as set
forth in Paragraph 4 of our Memorandum of Association. As an International
Business Company, we are prohibited from doing business with persons resident in
the British Virgin Islands, owning real estate in the British Virgin Islands,
acting as a bank or insurance company, or conducting trust or company management
business since we are not licensed to do so. We do not believe that these
restrictions materially affect our operations.

     Paragraph 57(c) of our Amended Articles of Association (the "Articles")
provides that a director may be counted as one of a quorum in respect of any
contract or arrangement in which the director is materially interested; however,
if the agreement or transaction cannot be approved by a resolution of directors
without counting the vote or consent of any interested director, the agreement
or transaction may only be validated by approval or ratification by a resolution
of the members. Paragraph 53 of the Articles allows the directors to vote
compensation to themselves in respect of services rendered to the Company.
Paragraph 66 of the Articles provides that the directors may by resolution
exercise all the powers of the Company to borrow money and to mortgage or charge
its undertakings and property or any part thereof, to issue debentures,
debenture stock and other securities whenever money is borrowed or as security
for any debt, liability or obligation of ours or of any third party. Such
borrowing powers can be altered by an amendment to the Articles. There is no
provision in the Articles for the mandatory retirement of directors. Directors
are not required to own shares of the Company in order to serve as directors.

                                       31


     Our authorized share capital is $170,000 divided into 23,333,334 shares of
common stock, $0.003 par value, and 10,000,000 authorized shares of preferred
stock, $0.01 par value. Holders of our common stock are entitled to one vote for
each whole share on all matters to be voted upon by shareholders, including the
election of directors. Holders of our common stock do not have cumulative voting
rights in the election of directors. All of our shares of common stock are equal
to each other with respect to liquidation and dividend rights. Holders of our
common stock are entitled to receive dividends if and when declared by our board
of directors out of funds legally available under British Virgin Islands law. In
the event of our liquidation, all assets available for distribution to the
holders of our common stock are distributable among them according to their
respective holdings. Holders of our common stock have no preemptive rights to
purchase any additional unissued common stock.

     Paragraph 7 of the Memorandum of Association provides that without
prejudice to any special rights previously conferred on the holders of any
existing shares, any share may be issued with such preferred, deferred or other
special rights or such restrictions, whether in regard to dividend, voting,
return of capital or otherwise as the directors may from time to time determine.

     Paragraph 10 of the Memorandum of Association provides that if at any time
the authorized share capital is divided into different classes or series of
shares, the rights attached to any class or series may be varied with the
consent in writing of the holders of not less than three-fourths of the issued
shares of any other class or series of shares which may be affected by such
variation.

     Paragraph 105 of the Articles of Association provide that our Memorandum
and Articles of Association may be amended by a resolution of members or a
resolution of directors. Thus, our board of directors without shareholder
approval may amend our Memorandum and Articles of Association. This includes
amendments to increase or reduce our authorized capital stock. Our ability to
amend our Memorandum and Articles of Association without shareholder approval
could have the effect of delaying, deterring or preventing a change in control
of the Company, including a tender offer to purchase our common stock at a
premium over the then current market price.

     Provisions in respect of the holding of general meetings and extraordinary
general meetings are set out in Paragraphs 68 through 77 of the Articles and
under the International Business Companies Act. The directors may convene
meetings of the members at such times and in such manner and places as the
directors consider necessary or desirable, and they shall convene such a meeting
upon the written request of members holding more than 30% of the votes of our
outstanding voting shares.

                                       32


     British Virgin Islands law and our Memorandum and Articles of Association
impose no limitations on the right of nonresident or foreign owners to hold or
vote our securities. There are no provisions in the Memorandum and Articles of
Association governing the ownership threshold above which shareholder ownership
must be disclosed.

     A copy of our Memorandum and Articles of Association, as amended, has been
filed as an exhibit to the Registration Statement on Form F-2 (SEC File No.
333-32524).

Material contracts.

     The following summarizes each material contract, other than contracts
entered into in the ordinary course of business, to which Bonso or any
subsidiary of Bonso is a party, for the two years immediately preceding the
filing of this report:

     We signed a Banking Facility Letter, dated May 21, 2003 between Bonso and
Hang Seng Bank Limited for a HKD 49,000,000 letter of credit, trust receipt
facility, export D/P bills, export trade loan and overdraft facility.

     We signed a Banking Facility Letter, dated May 8, 2003 between Korona,
Bonso and and Commerzbank Aktiengesellschaft Bank for a EURO 1,900,000 line of
credit.

     We signed a Banking Facility Letter, dated April 25, 2003 between Bonso and
DBS Kwong on Bank Limited for a HKD 11,500,000 overdraft, letter of credit,
trust receipt, export invoice financing and negotiation under documentary
credit. This letter amended a previous agreement dated May 16, 2002.

     We signed a Banking Facility Letter, dated April 8, 2003 between Bonso and
the Hong Kong and Shanghai Banking Corporation Limited for a HKD 20,000,000
overdraft facility, import/export facility, trust receipt facility and a D/A
bill facility.

     We signed a credit facility letter on April 8, 2003 and amended the letter
of April 22, 2003 with Standard Chartered Bank for a HKD 53,000,000 trade
finance facilities agreement. This letter amended previous agreements with
Standard Chartered Bank on May 17, 2002, May 11, 2001 and March 5, 2001.

     We signed a Banking Facility Letter, dated April 8, 2003 between Bonso and
the Hong Kong and Natexis Banques Populaires Hong Kong Branch for a US $
2,000,000 Export Credit Insurance Corporation discount invoices, negotiation of
export letter of credit discrepancies, and export bills.

     We entered into an employment agreement with Anthony So our President,
Chief Executive Officer, Secretary, Treasurer, Chief Financial Officer effective
April 1, 2003.

                                       33


     We entered into an employment agreement with Cathy Kit Teng Pang our
Director of Finance effective April 1, 2003.

     We entered into an employment agreement with Kim Wah Chung our Director of
Research and Development effective April 1, 2003.

     We signed a credit facility letter on March 31, 2003 with Bank of America
(Asia) Ltd. for a HKD 13,000,000 overdraft and import and export line of credit.

     We entered into a Stock Purchase Agreement dated July 22, 2002, between
Bonso Electronics International Inc., Modus Enterprise International Inc. (a
wholly-owned subsidiary of Bonso), and a third party relating to the acquisition
of 51% of Gram Precision.

     We entered into a Stock Purchase Agreement with Augusta Technologie AG
relating to the acquisition of KORONA Haushaltswaren GmbH & Co. dated April 25,
2001.

Exchange controls.

     There are no exchange control restrictions on payments of dividends on our
common stock or on the conduct of our operations either in Hong Kong, where our
principal executive offices are located, or the British Virgin Islands, where we
are incorporated. Other jurisdictions in which we conduct operations may have
various exchange controls. Taxation and repatriation of profits regarding our
China operations are regulated by Chinese laws and regulations. To date, these
controls have not had and are not expected to have a material impact on our
financial results. There are no material British Virgin Islands laws that impose
foreign exchange controls on us or that affect the payment of dividends,
interest or other payments to holders of our securities who are not residents of
the British Virgin Islands. British Virgin Islands law and our Memorandum and
Articles of Association impose no limitations on the right of nonresident or
foreign owners to hold or vote our securities.

Taxation.

     Under current British Virgin Islands law, we are not subject to tax on our
income. Most of our subsidiaries' profits accrue in Hong Kong, Canada and
Germany where the corporate tax rates are currently 16%, 38% and 26.375%,
respectively. However, as Korona is a partnership, it is only subject to 14.17%
of the local statutory rate in Germany. There is no tax payable in Hong Kong on
offshore profit or on dividends paid to Bonso Electronics Limited by its
subsidiaries or to us by Bonso Electronics Limited. Therefore, our overall
effective tax rate may be lower than that of most United States corporations;
however, this advantage could be materially and adversely affected by changes in
the tax laws of the British Virgin Islands, Germany, Hong Kong or China.

     Our subsidiary Bonso Electronics (Shenzhen) Company Limited was fully
exempt from state income tax in the PRC for the first two years starting from
the first profit making year followed by a 50% reduction over the ensuing three
years. The first profit-making year of Bonso Electronics (Shenzhen) Company
Limited was deemed to be the fiscal year ended December 31, 1998. Therefore, we
have been subject to income tax at the rate of 7.5% in the PRC from January 1,
2000 to December 31, 2002. Effective January 1, 2003, we became subject to tax
at the full rate of 15%.

                                       34


     No reciprocal tax treaty regarding withholding exists between the United
States and the British Virgin Islands. Under current British Virgin Islands law,
dividends, interest or royalties paid by us to individuals are not subject to
tax as long as the recipient is not a resident of the British Virgin Islands. If
we were to pay a dividend, we would not be liable to withhold any tax, but
shareholders would receive gross dividends, if any, irrespective of their
residential or national status.

     Dividends, if any, paid to any United States resident or citizen
shareholder are treated as dividend income for United States federal income tax
purposes. Such dividends are not eligible for the 70% dividends-received
deduction allowed to United States corporations on dividends from a domestic
corporation under Section 243 of the United States Internal Revenue Code of 1986
(the "Internal Revenue Code"). Various Internal Revenue Code provisions impose
special taxes in certain circumstances on non-United States corporations and
their shareholders. You are urged to consult your tax advisor with regard to
such possibilities and your own tax situation.

     In addition to United States federal income taxation, shareholders may be
subject to state and local taxes upon their receipt of dividends.

                                  LEGAL MATTERS

     The validity of the common stock registered hereunder will be passed upon
by Harney, Westwood & Riegels, Tortola, British Virgin Islands, who have also
advised us on all matters of BVI law disclosed in this prospectus. The validity
of the warrants and the common stock underlying the warrants have been passed
upon by Schlueter & Associates, P.C. of Denver, Colorado.

                                     EXPERTS

     The consolidated financial statements incorporated in this Prospectus by
reference to the Annual Report on Form 20-F for the year ended March 31, 2003
have been so incorporated in reliance on the report of PricewaterhouseCoopers,
independent accountants, given on the authority of said firm as experts in
auditing and accounting.




                                       35


                                [Back Cover Page]

                      BONSO ELECTRONICS INTERNATIONAL INC.

                        1,087,201 Shares of Common Stock
             Issuable on Exercise of Common Stock Purchase Warrants
                                       and
         655,726 Shares of Common Stock Offered by Selling Shareholders

                                TABLE OF CONTENTS
                                                                       Page
                                                                       ----
Prospectus Summary ................................................      3
Risk Factors ......................................................      7
Where you Can Find More Information ...............................     18
Incorporation of Certain Documents by Reference....................     18
Forward-Looking Statements ........................................     19
Use of Proceeds ...................................................     20
Capitalization and Indebtedness ...................................     20
The Offer and Listing..............................................     22
     Markets and Price Range of Common Stock.......................     22
     Selling Securityholders ......................................     23
     Plan of Distribution .........................................     24
     Expenses of the Issue.........................................     25
Directors and Senior Management....................................     25
Description of Securities .........................................     27
Shares Eligible for Future Sale ...................................     30
Additional Information ............................................     31
     Share Capital ................................................     31
     Memorandum and Articles of Association .......................     31
     Material Contracts ...........................................     33
     Exchange Controls ............................................     34
     Taxation .....................................................     34
Legal Matters .....................................................     35
Experts ...........................................................     35

No person has been authorized to give any information or to make any
representation not contained in this prospectus in connection with the offering
made hereby. If given or made, such information or representations must not be
relied upon as having been authorized by Bonso. This prospectus does not
constitute an offer to sell or a solicitation of an offer to buy any securities
other than the securities offered by this prospectus to which it relates, or an
offer to sell or a solicitation of an offer to buy to any person in any
jurisdiction where such offer to sell or solicitation of an offer to buy would
be unlawful. Neither the delivery of this prospectus nor sale hereunder shall,
under any circumstances, create an implication that there has been no change in
the affairs of the company since the date hereof. Bonso has undertaken to file
post-effective amendments to the registration statement of which this prospectus
is a part if material changes or events occur during any period in which offers
or sales are being made.