SHENZHEN, China, July 30, 2018 /PRNewswire/ -- Nam Tai
Property Inc. ("We", "Nam Tai" or the "Company") (NYSE Symbol: NTP) announced today that construction site photos have been made
available on the Company website under the heading "Inno Park" and
will be updated at a regular interval as the construction progresses.
After the receipt of its construction permits, the construction of Nam Tai Inno Park has been progressing smoothly. The
Company expects to adhere to its previously announced schedule of construction. Recently, the Company has received a number of
inquiries from shareholders and potential investors for site visits. In the interest of fair disclosure, particularly for
overseas investors that might not be able to conduct a site visit, the Company will make regularly updated photos of the
construction site available on its website so investors may observe the construction progress.
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" , "would",
"believe" or "timetable" . 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 Guangming, Shenzhen, and Gushu,
Shenzhen, respectively, and the successful redevelopment of the two parcels of properties into
Nam Tai Inno Park and Nam Tai Inno City; 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 Reports filed on Form 6-K from time to time. The Company's decision to continue dividend payments in
201 8 does not necessarily mean that dividend payments will continue thereafter. Whether future dividends will be
declared depends 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 common shares will
be declared beyond those declared for 201 8 , what amount those dividends may be or whether such dividends, once
declared for a specific period, will continue for any future period, or at all; and whether we will purchase any of our shares in
the open markets or otherwise. 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; 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 real estate developer. We hold two parcels of land located in Guangming and Gushu, Shenzhen, China. We are converting these two parcels of land that formerly 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.