On December 3, 2021, Nam Tai Property Inc. announced that at the special meeting of shareholders held on November 30, 2021, nearly 60% of the Company's outstanding shares voted to approve the resolutions proposed by IsZo Capital Management LP. specifically, the following resolutions were adopted at the special meeting: 1. The immediate removal of directors Dr. Wing Yan (William) Lo, Dr. Aiping Lyu, Dr. Lai Ling Tam and Professor Si Zong Wu from the Board; 2. The immediate appointments of Michael Cricenti, Bo Hu, Leung Lin Cheong (Louis Leung), Jeffrey Tuder, Cindy Chen Delano and Paula J. Poskon to the Board.