IsZo Capital Issues Letter to Nam Tai Shareholders Regarding its Slate’s Strategic Vision - Seite 4

THE SPECIAL MEETING WILL EMPOWER SHAREHOLDERS TO REMOVE AND REPLACE KAISA ALLIES AND INSIDERS ON THE BOARD

We urge shareholders to reject Nam Tai’s appeal to give the Board more time to prioritize its own interests, and view the Company’s defensive and reactionary changes as nothing more than ploys to benefit Kaisa. It should be clear based on the extremely strong market reaction to IsZo’s efforts in recent days and months that many shareholders support the prospect of board-level change at Nam Tai. IsZo hopes this enthusiasm continues to grow now that our slate has provided an overview of a clear and viable strategy.

IsZo also wants to note at this time that we firmly believe it is in the best interests of Nam Tai to maintain a degree of boardroom continuity and retain two incumbent directors with strong institutional knowledge and unimpeached integrity. To that end, our director candidates are very excited by the prospect of working with Peter Kellogg and Mark Waslen to relentlessly pursue the results that shareholders deserve.

In closing, Iszo wants to stress that it is a long-term investor – one that is 100% committed to acting as a catalyst for meaningful, value-enhancing change at Nam Tai. We will not be deterred by the Kaisa-controlled Board’s groundless attacks or any additional maneuvers it may be planning. IsZo is not going anywhere.

Sincerely,

Brian Sheehy
IsZo Capital Management LP

Shareholders interested in learning more about the Special Meeting process should contact IsZo’s solicitor, Saratoga Proxy Consulting, at [e-mail] or [phone]. We also encourage shareholders to learn more about our slate and its analysis of Nam Tai at www.FixNTP.com.

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¹ TSR figure accounts for dividends reinvested and runs from the close of trading on January 29, 2018 (the day Mr. Kwok was appointed Chief Executive Officer) to the close of trading on May 26, 2020 (the day before IsZo issued its first public communication to shareholders).
² TSR figures account for dividends reinvested and run through the close of trading on May 26, 2020 (the day before IsZo issued its first public communication to shareholders).

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