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IsZo Capital Issues Letter to Nam Tai Shareholders Seeking Support to Convene a Special Meeting

NEW YORK--(BUSINESS WIRE)--IsZo Capital Management LP (together with its affiliates, “IsZo”), a significant long-term shareholder of Nam Tai Property Inc. (NYSE: NTP) (“Nam Tai” or the “Company”) with beneficial ownership of approximately 9.8% of the Company’s outstanding shares, today issued a letter to shareholders seeking support to convene a meeting of Nam Tai shareholders (the “Special Meeting”). IsZo is seeking to convene the Special Meeting for the purpose of providing shareholders an opportunity to reconstitute Nam Tai’s Board of Directors by removing a majority of the incumbent directors and installing six highly-qualified and independent individuals: Michael Cricenti, Cindy Chen Delano, Bo Hu, Louis Leung, Paula J. Poskon and Jeffrey Tuder.