On September 22, 2020, IsZo Capital Management LP issued a press release commenting on Nam Tai Property Inc.’s troubling decision to appoint 3 individuals affiliated with Kaisa Group Holdings Limited to the roles of Executive Chairman, CEO, and CFO. IsZo Capital expressed its view that the Company’s insulting and tone deaf responses to the demand for a meeting of members validates the urgent need for credible and wholesale leadership changes. IsZo Capital urged the Company to cease further delay and promptly schedule the special meeting legally requested by more than half of shareholders unaffiliated with Kaisa Group Holdings, whereat shareholders will have an opportunity to reconstitute the Company’s Board of Directors by removing a majority of the incumbent directors and installing 6 independent individuals: Michael Cricenti, Cindy Chen Delano, Bo Hu, Louis Leung, Paula J. Poskon, and Jeffrey Tuder.