$南太集团(NTP)$ SHENZHEN, China, Nov. 25, 2021 /PRNewswire/ -- Nam Tai Property Inc. ("Nam Tai" or the "Company") (NYSE Symbol: NTP) today announced that its Board has received a written request from Greater Sail Limited and others (the "Requisitioning Shareholders"), who in aggregate are entitled to exercise more than 30% of the voting rights of the outstanding shares in the Company, calling for the Company to hold a special meeting of shareholders to consider certain changes to the Board of Directors after the special meeting to be held on November 30, 2021 and on or before 23 December 2021.

The Board has reviewed the purported request from the Requisitioning Shareholders. Based on the information provided to date, the Board has determined that the request from the Requisitioning Shareholders is in accordance with the Company's governing documents and relevant British Virgin Island laws.

The Company noted that shareholders are not required to take any action at this time. The Company will issue notice of the special meeting to shareholders specifying the date, hour, place and resolutions as appropriate.