PR Newswire
SHENZHEN, China, Sept. 22, 2017
SHENZHEN, China, Sept. 22, 2017 /PRNewswire/ -- Nam Tai Property Inc. ("Nam Tai" or
the "Company") (NYSE Symbol: NTP) today announced that a member of the Company's Board of Directors, Charles Chu, who served on the Audit, Compensation, and Nominating/Corporate Governance Committees, has
tendered his resignation from the Board in connection with unresolved questions concerning Mr. Chu's personal matters unrelated
to his service on the Company's Board. The Company has agreed to terminate Mr. Chu's position on the Board effective September 22, 2017. The Company is reviewing this matter and will take appropriate action if it determines that
there has been any infraction or the Company was otherwise harmed.
ABOUT NAM TAI PROPERTY INC.
We are a real estate developer. We hold two parcels of land located in Gushu and Guangming, Shenzhen, China. We are converting these two parcels of land that formally housed the manufacturing
facilities of our prior businesses into high-tech research and development centers, Nam Tai Inno
Park and Nam Tai Inno City. We expect our principal income in the future will be derived from rental income from these
research and development centers. 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.