 SHENZHEN, China, and TORTOLA, British Virgin Islands, October 4, 2021 PRNewswire -- Nam Tai Property Inc. Nam Tai or the Company NYSE Symbol: NTP is to provide an update on its appeal before the Eastern Caribbean Court of Appeal in the British Virgin Islands the Court of Appeal against the judgment issued by the Eastern Caribbean Supreme Court in the High Court of Justice in the British Virgin Islands on March 3, 2021 in relation to the litigation filed by IsZo Capital LP against the Company together with Greater Sail Limited and West Ridge Investment Company Limited. On October 4, 2021, the Court of Appeal handed down a judgment holding that, among other things, the private placement previously announced by the Company on October 5, 2020 was ineffective and void, and the Court of Appeal dismissed the Companys appeal except to the extent that the appeal against the conclusion that the Companys directors acted in breach of section 1201 of the BVI Business Companies Act 2004 is allowed. 