NTP Nam Tai Property Inc

The following constitutes Amendment No. 1 to the Schedule 13D filed by the undersigned (“Amendment No. 1”). This Amendment No. 1 amends the Schedule 13D as specifically set forth herein.

Item 1 is hereby amended and restated to read as follows:

This statement relates to the common shares, $0.01 par value per share (the “Shares”), of Nam Tai Property Inc., a British Virgin Islands corporation (the “Issuer”). The address of the principal executive offices of the Issuer is Namtai Industrial Estate, No. 2, Namtai Road, Gushu Community, Xixiang Township, Baoan District, Shenzhen City, Guangdong Province, People’s Republic of China.

Item 2 is hereby amended and restated to read as follows:

(a)       This statement is filed by:

Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons.” IsZo LP, IsZo GP, IsZo Capital, IsZo Management and Mr. Sheehy are collectively referred to as “IsZo.”

Each of the Reporting Persons is party to that certain Joint Filing and Solicitation Agreement, as further described in Item 6. Accordingly, the Reporting Persons are hereby filing a joint Schedule 13D.

(b)       The address of the principal office of each of IsZo LP, IsZo GP, IsZo Capital, IsZo Management and Mr. Sheehy is 590 Madison Avenue, 21^st Floor, New York, New York 10022. The address of the principal office of Mr. Cricenti is 3111 North Houston Street, #318, Dallas, Texas 75219. The address of the principal office of Ms. Delano is 310 Comal Street, Suite 229, Austin, Texas 78702. The address of the principal office of Mr. Hu is 1700 Broadway, 37^th Floor, New York, New York 10019. The address of the principal office of Mr. Leung is Flat D, 19/F, Ritz Plaza, 122 Austin Road, Tsimshatsui, Kowloon, Hong Kong. The address of the principal office of Ms. Poskon is 12372 Lima Lane, Reston, Virginia 20191. The address of the principal office of Mr. Tuder is 6 Greenhouse Drive, Princeton, New Jersey 08540.

(c)       The principal business of IsZo LP is investing in securities. IsZo GP serves as the general partner of IsZo LP. IsZo Capital serves as the investment manager of IsZo LP. IsZo Management serves as the general partner of IsZo Capital. Mr. Sheehy is the managing member of IsZo GP and the President and sole director of IsZo Management. The principal occupation of Mr. Cricenti is serving as the Managing Member of Magis Capital Partners, LLC, a private investment firm, and a Senior Advisor at IsZo Capital. The principal occupation of Ms. Delano is serving as a Partner and the Head of Litigation and Legal Strategy at Invictus Global Management, LLC, an alternative asset management firm that specializes in investing across distressed credit and related special situations opportunities. The principal occupation of Mr. Hu is serving as a Managing Director at Edge Principal Advisors, LLC, a multi-strategy real estate investment platform. The principal occupation of Mr. Leung is serving as Managing Director of Capital BR International Ltd. (f/k/a Red Shine Ltd.), a private investment firm. The principal occupation of Ms. Poskon is serving as founder and President of STOV Advisory Services LLC, a provider of professional consulting and advisory services to company executives and institutional investors in the areas of real estate, capital markets, investor relations, and diversity and inclusion. The principal occupation of Mr. Tuder is serving as the Managing Member of Tremson Capital Management, LLC, a private investment firm focused on identifying and investing in securities of undervalued publicly-traded companies.

(d)       No Reporting Person has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

(e)       No Reporting Person has, during the last five years, been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

(f)       IsZo LP, IsZo GP, IsZo Capital and IsZo Management are organized under the laws of the State of Delaware. Messrs. Sheehy, Cricenti and Tuder and Mses. Delano and Poskon are citizens of the United States of America. Mr. Hu is a citizen of China. Mr. Leung is a citizen of Hong Kong, China.

Item 3 is hereby amended and restated to read as follows:

The Shares purchased by IsZo LP were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business). The aggregate purchase price of the 3,812,450 Shares beneficially owned by IsZo LP is approximately $40,398,731, including brokerage commissions.

Item 4 is hereby amended to add the following:

On July 16, 2020, IsZo determined to seek member support to demand that the Issuer convene a meeting of members of the Issuer (the “Special Meeting”). Under the Issuer’s Articles of Association, a meeting of members of the Issuer shall be convened upon the written request of members holding more than 30% of the votes of the outstanding voting Shares in the Issuer. If a sufficient number of members support IsZo’s efforts to call the Special Meeting, IsZo intends to solicit member support in favor of proposals seeking to (i) remove Ying Chi Kwok, Dr. Wing Yan “William” Lo, Vincent Fok, Professor Si Zong Wu and Dr. Aiping Lyu (and any new director(s) appointed by the Board of Directors since the conclusion of the 2020 Annual General Meeting of Shareholders) as directors of the Issuer and (ii) appoint Michael Cricenti, Cindy Chen Delano, Bo Hu, Leung Lin Cheong Louis (Louis Leung), Paula J. Poskon and Jeffrey Tuder (collectively, the “Nominees”) as directors of the Issuer (the “Proposals”).

On July 20, 2020, IsZo issued a letter to shareholders of the Issuer seeking support to convene the Special Meeting. A copy of the letter is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make the purchase or sale of Shares desirable, the Reporting Persons may endeavor to increase or decrease their position in the Issuer through, among other things, the purchase or sale of Shares on the open market or in private transactions, on such terms and at such times as the Reporting Persons may deem advisable.

No Reporting Person has any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D except as set forth herein or such as would occur upon or in connection with completion of, or following, any of the actions discussed herein. The Reporting Persons intend to review their investment in the Issuer on a continuing basis and to communicate with the Issuer’s management and Board about a broad range of operational and strategic matters. Depending on various factors including, without limitation, the Issuer’s financial position and investment strategy, the price levels of the Shares, conditions in the securities markets and general economic and industry conditions, the Reporting Persons may in the future take such actions with respect to their investment in the Issuer as they deem appropriate including, without limitation, engaging in communications with management and the Board of the Issuer, engaging in discussions with members of the Issuer or third parties about the Issuer and the Reporting Persons’ investment, making proposals to the Issuer concerning changes to the capital allocation strategy, capitalization, ownership structure, including a sale of the Issuer as a whole or in parts as a means of enhancing value, Board structure (including Board composition) or operations of the Issuer, purchasing additional Shares, selling some or all of their Shares, engaging in short selling of or any hedging or similar transaction with respect to the Shares, or changing their intention with respect to any and all matters referred to in Item 4.

Items 5(a) – (c) are hereby amended and restated to read as follows:

(a)       The aggregate percentage of Shares reported owned by each person named herein is based upon 38,935,000 Shares outstanding as of March 31, 2020, which is the total number of Shares outstanding as reported in the Issuer’s Form 6-K filed with the Securities and Exchange Commission on April 27, 2020.

As of the date hereof, IsZo LP beneficially owned 3,812,450 Shares, constituting approximately 9.8% of the Shares outstanding.

IsZo GP, as the general partner of IsZo LP, may be deemed to beneficially own the 3,812,450 Shares owned by IsZo LP, constituting approximately 9.8% of the Shares outstanding. IsZo Capital, as the investment manager of IsZo LP, may be deemed to beneficially own the 3,812,450 Shares owned by IsZo LP, constituting approximately 9.8% of the Shares outstanding. IsZo Management, as the general partner of IsZo Capital, may be deemed to beneficially own the 3,812,450 Shares owned by IsZo LP, constituting approximately 9.8% of the Shares outstanding. Mr. Sheehy, as the managing member of IsZo GP and the President and sole director of IsZo Management, may be deemed to beneficially own the 3,812,450 Shares owned by IsZo LP, constituting approximately 9.8% of the Shares outstanding.

As of the date hereof, Mses. Delano and Poskon and Messrs. Cricenti, Hu, Leung and Tuder did not beneficially own any Shares, constituting 0% of the Shares outstanding.

Each Reporting Person may be deemed to be a member of a “group” with the other Reporting Persons for the purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and such group may be deemed to beneficially own the Shares owned in the aggregate by all of the Reporting Persons. Each Reporting Person disclaims beneficial ownership of the Shares that he, she or it does not directly own.

(b)       By virtue of their respective relationships to IsZo LP, each of IsZo LP, IsZo GP, IsZo Capital, IsZo Management and Mr. Sheehy may be deemed to share the power to vote and dispose of the Shares directly owned by IsZo LP.

(c)       There have been no transactions in securities of the Issuer by the Reporting Persons since the filing of the Schedule 13D. Further, the Nominees have not entered into any transactions in securities of the Issuer during the past sixty 60 days.

Item 6 is hereby amended to add the following:

On July 16, 2020, the Reporting Persons entered into a Joint Filing and Solicitation Agreement pursuant to which, among other things, the parties agreed (a) to the joint filing on behalf of each of them of statements on Schedule 13D with respect to the securities of the Issuer and (b) to form a group for the purpose of soliciting written requests or proxies to (i) request that the Issuer call the Special Meeting to approve the Proposals and (ii) approve the Proposals at any Special Meeting called for such purpose. The Joint Filing and Solicitation Agreement is attached hereto as Exhibit 99.2 and is incorporated herein by reference.

IsZo LP has entered into letter agreements pursuant to which it and its affiliates agreed to indemnify the Nominees against claims arising from the solicitation in connection with the Special Meeting and any related transactions. A form of the indemnification letter agreement is attached hereto as Exhibit 99.3 and is incorporated herein by reference.

Other than as described herein, there are no contracts, arrangements, understandings or relationships among the Reporting Persons, or between the Reporting Persons and any other person, with respect to the securities of the Issuer.

Item 7 is hereby amended to add the following exhibits:

SIGNATURES

After reasonable inquiry and to the best of his knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: July 20, 2020