GlobeNewswire Inc | Mar 31, 2021 08:30AM EDT

March 31, 2021

NEW YORK, March 31, 2021 (GLOBE NEWSWIRE) -- Kahn Brothers Group (collectively with its affiliated funds, Kahn Brothers or we) today announced that it intends to vote 100% of its over 1 million shares of Nam Tai Property Inc. (NYSE: NTP) (Nam Tai or the Company) on the GREENProxy Card in support of IsZo Capital Management LPs (IsZo) six director candidates.

Andrew Kahn, director at Kahn Brothers, stated:

As a long-term shareholder who has been invested in Nam Tai for over a decade, we have always been very supportive of the Companys leadership. Unfortunately, once Kaisas affiliates took control of the management team and boardroom, governance standards quickly diminished along with the value of our investment. These issues came to a head this past fall when Nam Tais leadership tried to prevent shareholders from holding a Special Meeting by executing a $170 million private placement. For these reasons we intend to vote all of our shares on the GREEN Proxy Card in support of IsZos slate of director candidates, who we believe can significantly improve corporate governance to help unlock value for Nam Tai shareholders.

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About Kahn Brothers GroupKahn Brothers Group is an investment firm serving institutional and high-net-worth clients. The firm provides investment management through its registered investment adviser, Kahn Brothers Advisors LLC, and brokerage services through Kahn Brothers LLC, Member New York Stock Exchange.

DISCLAIMER This press release is not a proxy statement or a solicitation of proxies from the holders of common shares of Nam Tai Property Inc. and does not constitute an offer of any securities.

Contact

Kahn Brothers Groupinquiry@kahnbrothers.com