IsZo Capital Announces That ISS and Glass Lewis Recommend Nam Tai Shareholders Vote for Boardroom Change on its GREEN Proxy Card - Seite 2

• “Upon review, we find that the Dissident has provided sufficient evidence to substantiate its claims regarding poor performance and corporate governance at NTP which has harmed shareholder interests and value.”

• “As it relates to stock price performance, we also take note of the positive reactions that are evident in NTP's stock price following announcements pertaining to IsZo's campaign.”

• “These share price movements suggest that other investors and NTP shareholders are generally supportive of the Dissident's campaign seeking changes in the Company's leadership and board composition.”

• “[…] we are of the view that NTP shareholders may be justified in supporting the removal of Dr. Tam, Dr. Lyu and Mr. Wu, primarily due their affiliations with Kaisa and willingness to put Kaisa's interests above that of other shareholders. Additionally, as noted above, we have been critical of Dr. Lo's service on the board due to him being potentially overboarded […]”

Brian Sheehy, Founder and Managing Member of IsZo, commented:

“IsZo appreciates that ISS and Glass Lewis are recommending shareholders vote on the GREEN Proxy Card to effect sorely-needed change atop Nam Tai. Although it appears both advisory firms failed to grasp the full extent of the targeted directors’ egregious conduct to benefit Kaisa at the expense of all other shareholders and overlooked the need for gender diversity in Nam Tai’s all-male boardroom, their reports clearly highlight that the four directors we are seeking to remove were found to have breached their fiduciary duties in connection with Nam Tai’s now-voided $170 million private placement. The reports also make it abundantly clear that the incumbents have presided over appalling corporate governance that cannot be allowed to continue. With this context in mind, IsZo urges shareholders to go a step further than ISS and Glass Lewis by voting to elect our full six-member slate, which has the integrity and strategic vision to unlock the intrinsic value of Nam Tai’s portfolio.”

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¹ Permission to quote ISS was neither sought nor obtained. Emphases added by IsZo.

² Permission to quote Glass Lewis was neither sought nor obtained. Emphases added by IsZo.

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