Nam Tai Property shareholder IsZo issues letter regarding lawsuit

IsZo Capital Management, a long-term shareholder of Nam Tai Property with beneficial ownership of approximately 11% of the Company's outstanding shares, issued the below letter to shareholders regarding its lawsuit in the Eastern Caribbean Supreme Court against Nam Tai, Kaisa Group Holdings Limited's wholly-owned subsidiary Greater Sail Limited and West Ridge Investment Company Limited. In an effort to continue providing shareholders with transparency into our efforts at Nam Tai and address the many questions we have received since commencing litigation in response to the dilutive private placement. IsZo has made public its statement of claim and other helpful materials at www.FixNTP.com/resources. "You are likely aware that IsZo Capital filed a lawsuit against Nam Tai Property in October 2020 after the Company announced a $170M private placement that distributed more than 16M common shares to Kaisa Group Holdings Limited's wholly-owned subsidiary Greater Sail Limited ("and more than 2.6 million common shares to West Ridge Investment Company Limited. Our lawsuit contends that the Kaisa allies currently in control of Nam Tai initiated this dilutive and unjustifiable transaction in response to IsZo obtaining requisite support to convene a meeting of shareholders, whereat investors could vote to reconstitute the Company's Board of Directors. Today's communication intends to deliver an update on the legal process and reinforce our unwavering commitment to facilitating necessary change atop Nam Tai.