SHENZHEN, China, June 5, 2020 /PRNewswire/ -- Nam Tai Property
Inc. ("Nam Tai" or the "Company") (NYSE Symbol: NTP) today
announced the results of the Company's 2020 Annual General Meeting
of Shareholders ("AGM") held in Shenzhen,
China on June 5, 2020.
At the AGM, the shareholders of the Company approved: (i) the
re-election of Mr. Ying Chi Kwok,
Dr. William Lo, Mr. Vincent Fok, Mr. Peter
R. Kellogg, Mr. Mark Waslen,
Professor Si Zong Wu and Dr. Aiping Lyu as directors of the
Company to serve for the ensuing year until the next annual general
meeting of shareholders; and (ii) the ratification of the
appointment of Moore Stephens CPA Limited as independent registered
public accounting firm of the Company for the fiscal year ending
December 31, 2020.
Forward-looking Statement
Certain statements included in this letter, 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", "might", "can",
"could", "will", "would", "anticipate", "believe", "continue",
"estimate", "expect", "forecast", "intend", "plan", "seek", 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 and the industry in which we
operate. These statements are only predictions based on our current
expectations about future events. There are several factors, many
beyond our control, which could cause results to differ materially
from our expectation. These risk factors are described in our
Annual Report on Form 20-F and in our Current Reports filed on Form
6-K from time to time and are incorporated herein by reference. Any
of these factors could, by itself, or together with one or more
other factors, adversely affect our business, results of operations
or financial condition. There may also be other factors currently
unknown to us, or have not been described by us, that could cause
our results to differ from our expectations. Although we believe
the expectations reflected in the forward-looking statements are
reasonable, we cannot guarantee future results, levels 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
announcement; 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
announcement or those that might reflect the occurrence of
unanticipated events.
ABOUT NAM TAI PROPERTY INC.
We are a real estate developer and operator, mainly conducting
business in Mainland China. Our main land resources are located in
the Guangdong-Hong Kong-Macao Greater Bay Area ("Greater Bay
Area") and Wuxi, China, of which
the three plots in Shenzhen will
be developed into Nam Tai Inno Park, Nam Tai Technology Center
and Nam Tai Inno Valley technology
parks, respectively. We plan to build these technology
parks into landmark parks in the region, and provide high-quality
industrial offices, industrial service spaces and
supporting dormitories to the park tenants. Based on the
experience of developing and operating technology parks and the
industrial relationship network accumulated over the past 40
years, we have also exported the operation mode of technology parks
to other industrial properties, using the asset-light model to
rent industrial properties for repositioning and business
invitation. We will also expand the commercial and
residential property business in China as an auxiliary development strategy for
the Company. As the growth prospects of China maintain, we will actively seize
development opportunities in the Greater Bay Area and other first-
and second-tier cities in China,
and continue to strengthen and expand the business of
industrial real estate, and commercial and residential properties.
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.
View original
content:http://www.prnewswire.com/news-releases/nam-tai-property-inc-announces-results-of-2020-annual-general-meeting-301071231.html
SOURCE Nam Tai Property Inc.