FORWARD-LOOKING STATEMENTS AND FACTORS THAT COULD CAUSE OUR SHARE PRICE TO DECLINE
This report contains forward-looking statements about future expectations and plans, as well as other statements regarding matters that are not historical facts. These forward-looking statements are made under the “safe-harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding the Company’s ongoing working capital management and liquidity position, the Company’s pursuit of additional external financing, the Company’s expectations regarding the use of proceeds under the RMB 700 million long-term refinancing of Nam Tai Inno Park with Ping An Bank and the RMB 40 million credit facility with Shenzhen Rural Commercial Bank for the Qianhai project as well as the Company’s ability to satisfy any remaining drawdown conditions under such financing facilities, the Company’s strategy to reduce inventory at Nam Tai Longxi, the Company’s expectations regarding the generation of rental and sales revenue from Nam Tai Technology Center upon its completion, including the expected timing of such revenue, the expected completion timeline of Nam Tai Technology Center and the expected timing of the related construction completion acceptance and regulatory filings and registrations, the Company’s discussions with local authorities regarding its obligations under the land use rights grant contract for Nam Tai Technology Center, the Company’s ability to obtain recognition of the historical circumstances that contributed to the project delays and to reach a resolution of such matters, the amount and timing of any potential liabilities under such contract, the Company’s ability to satisfy the conditions for property pre-sales under applicable PRC regulations for the Nam Tai Technology Center, the Company’s revised plan to develop and market Tower C of Nam Tai Technology Center for sale rather than for leasing, the Company’s exploration of alternative leasing arrangements with prospective tenants following the termination of the master lease agreement with Shenzhen Anju, the Company’s intention to selectively apply the equity-for-rent arrangement to support occupancy stability and diversify revenue sources, the Company’s expectation that the equity-for-rent initiative will be applied only selectively and is not intended to become a material investment activity, the Company’s belief in its strategic direction and long-term value creation potential in the Greater Bay Area industrial property market, the Company’s belief on the invalidity of Guangshengda’s assignment of claims for Nam Tai Longxi project under its general construction contract, the expected outcomes and timing of the Company’s pending legal and arbitration proceedings, including the Nam Tai Longxi general contractor dispute and staged mortgage guarantee arbitrations, and statements with respect to the Company’s beliefs, plans, objectives, goals, expectations, anticipations, estimates, and intentions that are subject to significant risks and uncertainties and are subject to change based on various factors, many of which are beyond the Company’s control. These factors include risks related to its currently contemplated strategy, competition, timing, conditions in the PRC real estate market, including declines in property selling prices and transaction volumes, leasing demand and rental pressure in Shenzhen, the Company’s ability to attract and retain tenants and maintain occupancy levels, including its ability to secure replacement tenants for Nam Tai Technology Center, increases in costs of materials, capital and financing needs, access to funding under the Company’s debt instruments and the timing thereof, the Company’s ability to refinance certain debt and to comply with the covenants and conditions under its financing arrangements, its ability to sell certain assets, construction/development challenges or setbacks, further delays in the completion of Nam Tai Technology Center, its ability to hire and retain construction contractors and subcontractors, the Company’s ability to obtain materials and supplies necessary for construction of various projects, any unforeseen issues relating to construction, including environmental, weather, catastrophes, or other issues, the Company’s ability to obtain construction completion acceptance and the regulatory filings and registrations required for the sale of properties, the outcome of the Company’s discussions with local authorities regarding the land use rights grant contract for Nam Tai Technology Center, including the imposition of penalties or other payment obligations, or the forfeiture of land use rights, and the effect of any such payment on the Company’s liquidity and planned expenditures, the Company’s ability to add additional guaranteed power to certain of its projects, projected regional development, composition of potential tenants of development projects, development of asset light capabilities for internal or external use and monetization, judicial and regulatory challenges and/or delays, changes in economic policy, including in relation to trade and/or tariffs, anticipated savings or uses of funding from refinancings, changes in general economic conditions, and other factors detailed from time to time in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including the risk factors discussed in the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2025. You should not place undue reliance on forward-looking statements, which reflect management’s view only as of the date of this report. The words “may”, “could”, “can”, “should”, “would”, “will”, “believe”, “anticipate”, “estimate”, “expect”, “intend”, “plan”, “potential”, “seek”, “advance”, “strengthen”, “continue”, “remain”, “pursue” and similar expressions are intended to identify forward-looking statements. All forward-looking statements are based on information currently available to the Company, and the Company does not undertake to update any forward-looking statement, whether written or oral, whether as a result of new information, future events or otherwise, except as may be required by applicable law or regulations.
ABOUT NAM TAI PROPERTY INC.
Nam Tai Property Inc., a company incorporated in the British Virgin Islands (the “BVI”) and governed by BVI law, owns certain subsidiaries, that own and operate commercial real estate projects across the People’s Republic of China. Those subsidiaries currently maintain two industrial complex projects, with one in Guangming, Shenzhen and one in Bao’an, Shenzhen, as well as one residential project in Dongguan. Learn more about the Company and the portfolio of properties held by certain of its subsidiaries by emailing our investor relations team or visiting Weibo: https://weibo.com/u/7755634761.