Document:

EXHIBIT 4.8

150 years                                                             STANDARD
    with you                                                         CHARTERED

Date:          8th April 2003
Our ref:       C&I/LC/TEAM3/BKH

CONFIDENTIAL
------------

Bonso Electronics Ltd.
Units 1106-1110
11/F., Star House
3 Salisbury Road
Tsimshatsui
Kowloon

Attn.: Mr. Anthony So/Ms. Cathy Pang
------------------------------------

Dear Sirs,

                   BANKING FACILITIES: BONSO ELECTRONICS LTD.

We refer to our letter dated 5th March 2001 setting out the facilities made
available to your company (the "Company"), as varied by our letters dated 11th
May 2001 and 17th May 2002.

Following our recent discussions, we confirm that the terms of the facilities
have been further varied as follows:

STANDBY LETTER OF CREDIT - HKD15,000,000.00 (previously HKD20,000,000.00)

The amount of this facility is reduced from HKD20,000,000.00 to HKD15,000,000.00

The tenor is one year up to 10th May 2003.

DOCUMENTATION

The following documentation is no longer required:

     o    All monies charge over deposits held by the Company with the Bank in
          an amount of not less than HKD5,000,000.00
          (10% extra margin required for major foreign currency deposits. The
          Bank reserves the right to require a higher margin.)

An arrangement fee of HKD10,000.00 will be debited to your current account.

Standard Chartered Bank
Corporate & Institutional Banking
Credit Operations

11 th Floor Standard Chartered Tower
388 Kwun Tong Road Kwun Tong Hong Kong

Incorporated in England with limited liability by Royal Charter 1853
The principal office of the Company is situated in England at 1 Aldermanbury
Square London EC2V 79B Reference Number ZC 18
================================================================================

<PAGE>

Bonso Electronics Ltd.                                                    Page 2

This letter will amend the terms of the existing facility letters which the Bank
has issued to the Company as previously varied, as set out above. In all other
respects, the terms of the existing facility letters as previously varied will
remain in full force and effect. This letter will be governed by Hong Kong SAR
law.

If you have any queries, please contact our Senior Relationship Manager Mr.
Joseph Ng, whose telephone number is 2821-1810.

We are pleased to be of service to you and take this opportunity to thank you
again for your custom.

Yours faithfully,
For and on behalf of STANDARD CHARTERED BANK

/s/  Anita Poon
----------------------------------
     Anita Poon
     Senior Credit Documentation Manager

 AP/kyEXHIBIT 4.9

                                                            Standard & Chartered

                                            Standard Chartered Bank
Date:         5th March 2001                Corporate & institutional Banking
Our ref:      C&I(LC/TEAM3IBKH              Credit Operations
                                            11 th Floor Standard Chartered Tower
                                            388 Kwun Tong Road
                                            Kwun Tong

CONFIDENTIAL                                Hong Kong
------------

                                            Telephone
                                            Fax

Bonso Electronics Ltd.
Units 1106-1110
11/F., Star House
3 Salisbury Road
Tsimshatsui
Kowloon

Attn.: Mr. Anthony So/Ms. Cathy Pang
------------------------------------

Dear Sirs,

                   BANKING FACILITIES: BONSO ELECTRONICS LTD.

We are pleased to confirm that the Bank is willing to make available to your
company (the "Company") the following working capital facilities up to the
amounts indicated.

1.   CURRENT ACCOUNT OVERDRAFT - HKD6,000,000.-

2.   TRADE FINANCE GROUP 1 - HKD35,000,000.-

3.   TRADE FINANCE GROUP 2 - HKD30,000,000.-

4.   TRADE FINANCE GROUP 3 - HKD25;000,000.-

The above Trade Finance Groups 1, 2 and 3 are complementary and the combined
outstandings are not to exceed HKD35,000,000.- Similarly the combined
outstandings of Trade Finance Groups 2 and 3 are not to exceed HKD30,000,000.For
product availability, please see the attachment to this letter.

Prior evidence of insurance is required for all "free on board" and "cost and
freight" shipments under import letters of credit.

Combined usance and loan period of any one transaction under import facilities
is not to exceed 120 days.

Usance period of export facilities is not to exceed 60 days.

Incorporated in England with limited liability by Royal Charter 1853

The principal office of the Company is situated in England at 1 Aldermanbury
Square London EC2V 79B Reference Number ZC 18

<PAGE>

                                                              Standard Chartered

Bonso Electronics Ltd.                                                    Page 2

Sub-limit for import outstanding under Trade Finance Group 1 is allowed up to
HKD20,000,000.- only.

"Documents Against Acceptance" ("D/A") bills under ECIC limit is only available
to the following approved drawee with ECIC policy assigned to the Bank:-

Drawee                                                          Limit
------                                                          -----
Sumbeam - Oster Household Products (U.S.A.)                     HKD2,000,000.-

Packing credits is allowed with 70% advance for up to 90 days or the expiry date
of the related letters of credit, whichever is earlier.

Export invoice discounting facility is available to the following approved
drawees:-

Drawees                         Tenor         Limit
-------                         -----         -----
Omron Healthcare GmbH           45 days     }
Omron Healthcare Inc. (Del)     45 days     } HKD3,000,000.- (combined limit for
Omron Singapore Pte Ltd.        45 days     } Omron Group of companies is
Omron Healthcare Europe BV      45 days     ) HKD3,000,000.-)

Werner Dorsch GmbH              30 days       HKD1,500,000.
(secured by Bank guarantee of USD150,000.-)

Globaltec Corporation           30 days       HKD1,500,000.-

The Company undertakes not to accept any amendments to the master letters of
credit without the prior written consent of the Bank.

INTEREST, COMMISSIONS AND FEES

Unless otherwise specified, interest on all sums advanced will be payable
monthly in arrears *at. Prime. A default rate-of Prime plus 8% per annum will
apply to amounts not paid when due or in excess of agreed facility amounts.
"Prime" means the rate which we announce or apply from time to time as our prime
rate for lending Hong Kong Dollars. Commissions will be charged at our standard
rates unless otherwise . stipulated. Export bills will be discounted and import
bills will be financed at our standard bills finance rate minus 0.5% for Hong
Kong Dollar and United States Dollar bills and at our standard bills finance
rates plus 0.2% per annum for other foreign currency bills. All past due bills
shall bear interest at 4% per annum above the rates charged on your regular
bills outstandings.

Letters of Credit Opening Commission & Commission in lieu of Exchange
---------------------------------------------------------------------

First USD50,000.-           1/4%
Balance                     1/8%

<PAGE>

                                                             Standard (Chartered
Bonso Electronics Ltd.                                                    Page 3

Commission on other Trade Finance Facilities
--------------------------------------------
Invoice discounting 1/8% flat (minimum HKD400:-)

You shall pay to the Bank an arrangement fee of HKD10,000.-, payable on the date
on which the Bank's offer of the above facilities are accepted by you as
signified by your counter-signing of this letter. The arrangement fee is
non-refundable in any event. A handling fee in an amount to be mutually agreed
will be payable on each anniversary of the date of this letter if the facilities
are continuing. The fees will be debited to your current account.

Whether or not the documentation for the above facilities is executed or the
facilities are made available to you as contemplated following your acceptance
of this letter, you shall forthwith on demand reimburse the Bank all out - of
pocket expenses (including but not limited to legal fees and disbursements)
incurred by the Bank in connection with the facilities including, without
limitation, the negotiation, preparation, execution and/or enforcement of this
letter and the documentation referred to below.

AVAILABILITY AND REPAYMENT

The above facilities are subject to periodic review by the Bank at its
discretion, and it is expressly agreed that they will at all times be available
at the sole discretion of the Bank- Notwithstanding any other provisions
contained in this letter or in any other document, the Bank will at all times
have the right to require immediate payment and/or. cash, collateralisation of
all or part of any sums actually or contingently owing to it, and the right to
immediately terminate or suspend, in whole or in part, the facilities and all
further utilisation of the facilities.

ASSIGNMENT

The Company may not assign or transfer all or any of its rights, benefits or
obligations under this letter (and any documentation or transactions to which
this letter relates) without the Bank's prior written consent.

The Bank may at any time assign or transfer to any one or more banks or other
financial institutions all or any of its rights, benefits or obligations under
this letter (and any documentation or transactions to which this letter relates)
or change its lending office.

DOCUMENTATION

Before the above facilities may be used, the enclosed copy of this letter must
be signed and returned to us together with a certified copy of appropriate
authorising board resolutions.

<PAGE>

                                                               Standard Chadered

Bonso Electronics Ltd.                                                    Page 4

The following documentation are held/will also be required:

o    General Customer Agreement executed by the Company.

o    All monies charge over deposits held by the Company with the Bank in an
     amount of not less than HKD5,000,000.- (10% extra margin required for major
     foreign currency deposits. The Bank reserves the right to require a higher
     margin.)

o    All monies first tripartite legal charge over the property known as House
     27, Savanna Garden, No. 4283 Tai Po Road, Tai Po Kau, Tai Po, Kowloon in
     the name of Bonso Investment Ltd. Insurance for the insurable value is to
     be arranged through mutually acceptable insurers and is to be assigned to
     and held by the Bank. If not otherwise paid, we will have the right to pay
     the premiums and debit your current account. We will require a formal
     valuation before the facilities are used, and annually thereafter a
     desk-top valuation with a full valuation every third year.

o    Bank Guarantee of not less than USD150,000.- issued by Dresdner Bank AG in
     Frankfurt am Main in favour of the Bank. (10% extra margin required for
     other major foreign currencies. The Bank reserves the right to require a
     higher margin.)

o    Unlimited corporate guarantee by Bonso Electronics International Inc.

o    Signed original copies of audited financial statements of the Company and
     Bonso Electronics International Inc. within 9 months after their financial
     year end. A signed original copy of quarterly financial statements of Bonso
     Electronics International Inc. within 3 months from each quarter end. Such
     other information as the Bank may request from time to time.

UNDERTAKINGS

The Company undertakes to the Bank that it will:

o    Ensure Ensure loan from Holding Company (Bonso Electronics International
     Inc.) not to be less than HKD40,000,000.- at all times.

o    Utilize the trade finance facilities of no less than average 60% of the
     available facilities.

o    Immediately inform the Bank of any change of the Company's directors or
     beneficial shareholders or amendment of its memorandum or articles of
     association.

<PAGE>

                                                              Standard Chartered

Bonso Electronics Ltd.                                                    Page 5

By acceptance of this letter the Company gives consent to the Bank to disclose
details of the Company's account relationship with the Bank (including credit
balances and any security given for the facilities) to (i) its Head Office and
any of its offices, branches, related companies or associates, (ii) any actual
or proposed participant or sub-participant in, or assignee or novatee of the
Bank's rights in relation to the Company's accounts, (iii) any agent, contractor
or third party service provider which provides services of any kind to the Bank
in connection with the operation of its business, and (iv) any financial
institution with which the Company has or proposes to have dealings to enable
credit checks to be conducted on the Company.

Please sign the enclosed copy of this letter and return it to the Bank's Credit
Operations at 11th Floor, Standard Chartered Tower, 388 Kwun Tong Road, Kwun
Tong, Kowloon, for the attention of the undersigned, within one month after the
date of this letter, after which this offer will lapse. When accepted, this
letter will supersede any previous facility letter which the Bank has issued to
the Company. This letter will be governed by Hong Kong SAR law.

We enclose a set of documents which should also be completed and returned to the
Bank at the above mentioned address. If you have any queries regarding the
completion of the required documents, please contact the undersigned, whose
telephone number is 2282-6376. With regard to queries on banking arrangements,
you can contact your Senior Relationship Mr. Philip Chow, whose telephone number
is 2282-6324.

We are pleased to be of service to you and take this opportunity to thank you
for your custom.

Yours faithfully,
For and on behalf of STANDARD CHARTERED BANK

/s/  Anita Poon
-----------------------------
     Anita Poon
     Senior Credit Documentation Manager

AP/bn
Encl.

Agreed.
For and on behalf of BONSO ELECTRONICS LTD.

/s/ Anthony So
-----------------------------

<PAGE>

                                                              Standard Chartered

                             Bonso Electronics Ltd.
                             ----------------------

Attachment Regarding Trade Finance Products
-------------------------------------------

This attachment forms an integral part of our banking facility letter dated 5th
March 2001.

You may use any product or aggregate of products in any one group up to the
limit shown in the attached banking facility letter.

Trade Finance Group 1
---------------------

o    Discrepant Credit Bills Negotiated - with recourse
o    Purchase of Documents Against Payment Bills of Exchange secured by goods
o    Purchase of Documents Against Acceptance Bills of Exchange with
     ECA/approved insurance cover
o    Back to Back Letters of Credit
o    Import Letters of Credit - sight and usance
                              - secured by goods

Trade Finance Group 2
---------------------

o    Purchase of Documents Against Acceptance Bills of Exchange without
     ECA/approved insurance cover
o    Purchase of Documents Against Payment Bills of Exchange not secured by
     goods
o    Quasi Back to Back Letters of Credit - not secured by goods
o    Import Letters of Credit - sight and usance
                              - not secured by goods
o    Shipping Guarantees
o    Export Invoice Discounting under ECIC cover

Trade Finance Group 3
---------------------

o    Pre-shipment Loan - i.e. Packing Credit
o    Acceptance of draft under Import Letter of Credit
o    Release of Documents Against Acceptance or Trust Receipt
o    Loans Against Trust Receipt
o    Import Loans
o    Export Invoice Discounting

<PAGE>

                                    BOARD MINUTES - BM1 (94)
                                    -------------------------------------------
                                   (newfacility letter-authority for variations)

Minutes of a Meeting of the Board of Directors of Bonso Electronics
                                                  -----------------
                                         Unit 1106-1110 11/F Star House
         Limited ("the Company") held at 3 Salisbuzv Road. Tsimhatsui. Kowloon
---------                                -------------------------------------
on the 12 day of March 2001.
      ----       ----------

Present:     Mr. Anthony SO
             Miss Kit Teng PANG
             Mr. K. W. CHUM

1. With the approval of the meeting, Mr. Anthony SO presided as Chairman.
                                    ----------------

2. The Chairman noted that, due notice of the meeting having been given to all
the directors and a quorum being present, the meeting could proceed.

3. The Chairman reported that Standard Chartered Bank ("the Bank") had offered
to make available certain facilities

  ("the Facilities") to the Company on the terms set out in the Bank's facility
  letter dated 5th March 2001 ("the Facility Letter"), a copy of which was
  tabled.

5. The directors declared their interests (if any) in the transactions
contemplated by the Facility Letter and the Chairman noted that, pursuant to the
articles of association of the Company,

  none of the directors was thereby prohibited from voting at the meeting

6. Discussion then took place on the terms of the Facility Letter

7. IT WAS NOTED that from time to time the Company may wish to vary the
Facilities and that it would be appropriate for certain variations to be
authorised in advance at this meeting.

8. IT WAS RESOLVED that:

  # (a) it was in the interests of the Company. to its benefit and in
  furtherance of its objects, that the Company accept the Facilities;

<PAGE>

     (b) any director of the Company (a "director") or any other person from
     time to time authorised to operate the Company's current account with the
     Bank (an "authorised signatory'7, be and is hereby authorised to sign on
     behalf cf the Company the Facility Letter and such other documents as such
     director or authorised signatory may deem necessary and proper in
     connection therewith:

     (e) any director or any authorised signatory be and is hereby authorised
     from time to time on behalf of the Company to approve any temporary excess
     borrowing or other accommodation or other temporary variation of the
     Facilities or of the terms of the Facility Letter:

9.   IT WAS FURTHER RESOLVED that:

     (a) any director be and is hereby authorised from time to time on behalf of
     the Company to agree with the Bank to (i) increase or otherwise vary the
     limits or accommodation available under the Facilities, (ii) vary the terms
     on which the Facilities are to be made available or continued (whether as
     to security or otherwise) and (iii) for this purpose, execute any amendment
     or supplement to the Facility Letter and such other documents and do such
     other things as such director may deem necessary and proper in connection
     therewith;

     (b) any director or any authorised signatory be and is hereby authorised to
     sign on behalf of the Company any further security document which is to be
     executed under hand and which is required to be executed in connection with
     any variation of the Facilities approved by a director pursuant to
     resolution 9(a) above.

10. IT WAS FURTHER RESOLVED that any director or any authorised signatory be and
is hereby authorised on behalf of the Company to execute such other documents
and do such other things relating to any of the matters aforesaid as such
director or authorised signatory may deem necessary and proper in connection
therewith.

11. IT WAS FURTHER RESOLVED that a copy of these minutes (certified as a true
copy by a director or the secretary) be delivered to the Bank and that the
resolutions referred to herein shall remain in force, and the Bank shall be
entitled to rely thereon, until a certified copy of an amending resolution duly
passed by the board of directors of the Company shall have been delivered to the
C&I, Wholesale Bank of the Bank.

12. There being no further business the Chairman declared the meeting closed.

                                            /s/ Anthony So
                                            ---------------------------------
                                            Chairman

* To be completed/deleted (as appropriate).
# The directors should satisfy themselves as to the accuracy of these paragraphs

<PAGE>

                                   Board Minutes - BM 1 (94)
                                   --------------------------------------------
                                  (new facility letter-authority for variations)

    Minutes of a Meting of the Board of Directors of Bonso Electronics
                                                     ------------------------

               Limited ("the Company") held at UNIT 06-10, 11 /F. , STAR HOUSE,
--------------                                 --------------------------------
3 SALISBURY ROAD, TST, KOWLMN on the 14th   day of MAY.2001
-----------------------------       -------        --------

Present: SO HUNG GUN
         CHUNG KIM WAH
         PANG KIT TENG

1. With the approval of the meeting, SO HUNG GUN ANTHONY presided as Chairman.
                                     -------------------

2. The Chairman noted that, due notice of the meeting having been given to all
the directors and a quorum being present, the meeting could proceed.

3. The Chairman reported that Standard Chartered Bank ("the Bank") had offered
to make available certain facilities ("the Facilities") to the Company on the
terms set out in the Bank's facility letter dated 5th March 2001 as amended by
the Bank's supplemental ("the Facility Letter"), a copy of which was tabled.
facility letter dated 11th May 2001

# 5.The directors declared their interests (if any) in the transactions
contemplated by the Facility Letter and the Chairman noted that,
pursuant to the articles of association of the Company.

     *    none of the directors was thereby prohibited from voting at the
          meeting.

6. Discussion then took place on the terms of the Facility Letter.

7. IT WAS NOTED that from time to time the Company may wish to vary the
Facilities and that it would be appropriate for certain variations to be
authorised in advance at this meeting.

8. IT WAS RESOLVED that;

     #    (a) it was in the interests of the Company, to its benefit and in
          furtherance of its objects, that the Company accept the Facilities;

<PAGE>

     (b) any director of the Company (a "director") or any other person from
     time to time suthortsed to operate the . Gompany's current account with the
     Bank (an'authorlsed signatory"), be and Is hereby authorised to sign on
     behalf of the Company the Facility Letter and such other documents as such
     director or authorlsed signatory may deem necessary and proper in
     connection therewith:

     (e) any director or any authorised signatory be and is hereby authorised
     from time to time on behalf of the Company to approve any temporary excess
     borrowing or other accommodation or other temporary variation of the
     Facilities or of the terms of the Facility Letter.

9.   IT WAS FURTHER RESOLVED that:

     (a) any director be and is hereby authorised from time to time on behalf of
     the Company to agree with the Bank to (i) increase or otherwise vary the
     limits or accommodation available underthe Facilities, (ii) vary the terms
     on which the Facilities are to be made available or continued (whether as
     to security or otherwise) and (iii) for this purpose, execute any amendment
     or supplement to the Facility Letter and such other documents and do such
     other things as such director may deem necessary and proper in connection
     therewith;

     (b) any director or any authorised signatory be and is hereby authorised to
     sign on behalf of the Company any further security document which is to be
     executed under hand and which is required to be executed in connection with
     any variation of the Facilities approved by a director pursuant to
     resolution 9(a) above.

10. IT WAS FURTHER RESOLVED that any director or any authorised signatory be and
is hereby authorised on behalf of the Company to execute such other documents
and do such other things relating to any of the matters aforesaid as such
director or authorised signatory may deem necessary and proper in connection
therewith.

11. IT WAS FURTHER RESOLVED that a copy of these minutes (certified as a true
copy by a director or the secretary) be delivered to the Bank and that the
resolutions referred to herein shall remain in force, and the Bank shall be
entitled to rely thereon, until a certified copy of an amending resolution duly
passed by the board of directors of the Company shall have been delivered to the
C&I, Wholesale Bank of the hank.

12. There being no further business the Chairman declared the meeting closed.

                                            /s/ Anthony So
                                            -----------------------------------
                                            Chairman

* To be completed/deleted (as appropriate).

# The directors should satisfy themselves as to the accuracy of these paragraphs

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