SHENZHEN, China, June 16, 2016 /PRNewswire/ -- Nam Tai Property
Inc. ("Nam Tai" or the "Company") (NYSE Symbol: NTP) today announced that the latest land evaluation reports on two parcels of
land under development in Shenzhen and one parcel of land and the buildings in Wuxi have been
uploaded to the Company's website. Please note that notwithstanding the valuation of the land given in these reports, the book
value of the land will remain unadjusted in Company's financial statements in accordance with U.S.GAAP. Information contained in
these three reports is for investors' reference only.
For the reports, please see http://www.namtai.com/investors#investors/real_estates
FORWARD-LOOKING STATEMENTS AND FACTORS THAT COULD CAUSE OUR SHARE PRICE TO DECLINE
Certain statements included in this press release, other than statements of historical fact, are forward-looking
statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may",
"will", "expect", "intend", "estimate", "anticipate", "plan", "seek" or "believe". These forward-looking statements, which are
subject to risks, uncertainties, and assumptions, may include projections of our future financial performance based on our growth
strategies and anticipated trends in our business. These statements are only predictions based on our current expectations about
future events. There are important factors that could cause our actual results, level of activity, performance, or achievements
to differ materially from the results, level of activities, performance, or achievements expressed or implied by the
forward-looking statements, including, but not limited to, delay in the Company's ability to obtain all requisite permits
and approvals from relevant government authorities in relation to the redevelopment of two parcels of properties in Gushu,
Shenzhen, and Guangming, Shenzhen, respectively, and the
successfully redevelopment of the two parcels of properties; the sufficiency of the Company's cash position and other
sources of liquidity to fund its property developments; continued inflation and appreciation of the Renminbi
against the US dollar; rising labor costs in China and changes in the labor supply
and labor relations. In particular, you should consider the risks outlined under the heading "Risk
Factors" in our most recent Annual Report on Form 20-F and in our Current Report filed from
time to time on Form 6-K. The Company's decision to continue dividend payments in 2016 does not necessarily
mean that dividend payments will continue thereafter. Whether future dividends will be declared depend upon the Company's future
growth and earnings, of which there can be no assurance, as well as the Company's cash flow needs for further expansion.
Accordingly, there can be no assurance that cash dividends on the Company's ordinary shares will be declared beyond those
declared for 2016, what amount that dividends may be or whether such dividends, once declared for a specific period, will
continue for any future period, or at all. Although we believe the expectations reflected in the forward-looking statements are
reasonable, we cannot guarantee future results, level of activity, performance, or achievements. You should not rely upon
forward-looking statements as predictions of future events. These forward-looking statements apply only as of the date of this
press release and; as such, they should not be unduly relied upon as circumstances change. Except as required by law, we are not
obligated, and we undertake no obligation, to release publicly any revisions to these forward-looking statements that might
reflect events or circumstance occurring after the date of this release or those that might reflect the occurrence of
unanticipated events.
ABOUT NAM TAI PROPERTY INC.
We are a property development and management company located in Shenzhen, China. Prior to
becoming a property development and management company, we were an electronic manufacturing service company. In April 2014, we ceased our Liquid Crystal Module manufacturing business and turned our focus to re-developing
two parcels of land in Gushu and Guangming, Shenzhen, China, by converting these two parcels of
land that formally housed our manufacturing facilities into high-end commercial complexes. We believe our principal income in the
future will be derived from rental income from our commercial complexes.
Nam Tai Property Inc. is a corporation registered in the British Virgin Islands and listed on
the New York Stock Exchange (Symbol: "NTP").
Please refer to the Nam Tai website (www.namtai.com) or
the SEC website (www.sec.gov) for Nam Tai press releases and
financial statements.
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SOURCE Nam Tai Property Inc.