#1Nam Tại Investor Presentation April 2021 NAMTAI#2Forward Looking Statements Certain statements included in this presentation, other than statements of historical fact, are forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may", "might", "can", "could", "will", "would", "anticipate", "believe", "continue", "estimate", "expect", "forecast", "intend", "plan", "seek", or "timetable". These forward-looking statements, which are subject to risks, uncertainties, and assumptions, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business and the industry in which we operate. These statements are only predictions based on our current expectations about future events. There are several factors, many beyond our control, which could cause results to differ materially from our expectation. These risk factors are described in our Annual Report on Form 20-F and in our Current Reports filed on Form 6-K from time to time and are incorporated herein by reference. Any of these factors could, by itself, or together with one or more other factors, adversely affect our business, results of operations or financial condition. There may also be other factors currently unknown to us, or have not been described by us, that could cause our results to differ from our expectations. Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. You should not rely upon forward-looking statements as predictions of future events. These forward-looking statements apply only as of the date of this presentation; as such, they should not be unduly relied upon as circumstances change. Except as required by law, we are not obligated, and we undertake no obligation, to release publicly any revisions to these forward-looking statements that might reflect events or circumstance occurring after the date of this presentation or those that might reflect the occurrence of unanticipated events. INVESTOR PRESENTATION 2 NAMTAI#3Table of Contents NAMTAI 1 Background of Special Meeting 2 Nam Tai Platform 3 The Path to Maximize Value 4 13 22 4 Strategic Relationship with Kaisa............ 28 5 Portfolio Valuation V33 6 Strong and Independent Board ..................37 INVESTOR PRESENTATION 3 NAMTAI#4BACKGROUND OF SPECIAL MEETING#5Abbreviated Chronology Recap May 2020 IsZo filed a 13D, disclosing 9.8% stake in NTP and its intent to remove 5 of the 7 Board members. Lenders immediately expressed their concerns about the stability of management and the potential loss of NTP's affiliation with Kaisa. September 2020 Shortly after IsZo's open letter calling for a special meeting, all of NTP's lending banks notified the Company that substantial uncertainties would be cast upon the Company's operations and management control in light of recent actions taken by IsZo and reserved their rights to withdraw their banking facilities. In fact, the Company repaid approximately US $30 million at the demand of a lending bank. October 5, 2020 NTP raised $170 million through a private placement in response to potential liquidity crunch due to withdrawals of the bank facilities. Early March 2021 A BVI court ruling voided the private placement and required NTP to convene a Special Meeting regarding the removal of directors. March 2021 In response to the ruling, all the Company's lenders issued demand letters for immediate repayment, and lenders froze NTP's bank accounts in their respective banks - March 15, 2021 Record Date for Special Meeting. April 26, 2021 Special Meeting INVESTOR PRESENTATION 5 NAMTAI#6The Board Recommends to Vote Against Resolutions 1 Through 12 TO VOTE, MARK BLOCKS BELOW IN BLUE OR BLACK INK AS FOLLOWS RESOLUTIONS 1 THROUGH 12: ELECTION OF DIRECTORS The Board Of Directors Recommends That Shareholders Vote Against Resolutions 1 Through 12 By Using The White Proxy Card. If You Sign And Date Your White Proxy Card But No Instructions Are Specified, Your Shares Will Be Voted Against Resolutions 1 Through 12. NAM TAI PROPERTY INC. 1. 2. 3. 5. 6. If you have any questions or require any assistance with voting your shares, please contact our proxy solicitor at the number listed below: Innisfree M&A Incorporated Shareholders may call toll free: (877) 825-8777 Banks and Brokers may call collect: (212) 750-5833 20 INVESTOR PRESENTATION 6 D42273-Z79746 THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED. NAM TAI PROPERTY INC. RECOMMENDS A VOTE "AGAINST" EACH OF THE FOLLOWING: For Against Abstain .. 0 0 0 C 0 9. 4 7. Resolution 1: THAT, Dr Lai Ling Tam be and is hereby removed as a director of the Company with immediate effect from the close of the meeting of the members Resolution 2 THAT, Mr. Vincent Fok be and is hereby removed as a director of the Company with immediate effect from the close of the meeting of the members Resolution 3 THAT, Dr. Aiping Lyu be and is hereby removed as a director of the Company with immediate effect from the close of the meeting of the members Resolution 4: THAT, Professor Si Zong Wu be and is hereby removed as a director of the Company with immediate effect from the close of the meeting of the members Resolution 5: THAT, Dr. Wing Yan (William) Lo be and is hereby removed as a director of the Company with immediate effect from the close of the meeting of the members. Resolution 6: THAT, any director of the Company appointed since June 6, 2020 by way of a director's resolution be and is hereby removed as a director of the Company with immediate effect from the dose of the meeting of the members. Resolution 7: THAT, Michael Cricenti be and is hereby appointed as a director of the Company with immediate effect from the close of the meeting of the members. 8. Resolution 8 THAT, Bo Hu be and is hereby appointed as a director of the Company with immediate effect from the close of the meeting of the members. 0 D 0 0 0 0 0 ם . Q 10 0 Q 0 22 . 0 0 KEEP THIS PORTION FOR YOUR RECORDS DETACH AND RETURN THIS PORTION ONLY ך 0 11 11. 12. Resolution 9: THAT, subject to there being a vacancy on the board of direct ors following the passing of at least one of the resolutions 1-5 to the left, Leung Lin Cheong Louis (Louis Leung) be and is hereby appointed as a director of the Company with immediate effect from the close of the meeting of the members. Resolution 10: THAT, subject to there being a vacancy on the board of directors following the passing of at least two of the resolutions 1-5 to the left, Jeffrey Tuder be and is hereby appointed as a director of the Company with immediate effect from the close of the meeting of the members Resolution 11: THAT, subject to there being a vacancy on the board of directors following the passing of at least three of the resolutions 1-5 to the left, Cindy Chen Delano be and is hereby appointed as a director of the Company with immediate effect from the close of the meeting of the members Resolution 12: THAT, subject to there being a vacancy on the board of directors following the passing of at least four of the resolutions 1-5 to the left, Paula J. Poskon be and is hereby appointed as a director of the Company with immediate effect from the close of the meeting of the members For Against Abstain 0 0 ☐ ☑ 0 0 0 Please sign exactly as name appears on the register of members of the Company. Joint owners should each sign. When signing as attorney, executor, administrator, trustee or guardian, please give full title as such. if a corporation, please sign in full corporate name by authorized officer, giving full title. If a partnership, please sign partnership name by authorized person, giving full title. Signature [PLEASE SIGN WITHIN BOX] Date Signature (Joint Owners) Date NAMTAI#7Key Success Factors of Nam Tai's Business IsZo • No operational plan presented Operations . No team track record to prove competency Real Estate & GBA Track Record • No PRC real estate experience 0 • No Guangdong-Hong Kong-Macao Greater Bay Area (GBA) development track record @ Nam Tại Detailed operational plan and proven track record ⚫ Delivered profitability in 2020, within 3-years since the management team joined from Kaisa Enjoys enormous benefits of backing from Kaisa, a Top 241 national developer with more than 20 years of experience ⚫ Kaisa has local expertise, a Top 3 developer in Shenzhen² with over 70% revenue from the GBA³ • Local Relationships No local relationships with banks, suppliers or community Leveraging Kaisa's economies of scale, the Company managed to reduce cost of Inno Park project by more than US$100 million Notes: 1 According to the 2020 China's Top 200 Real Estate Companies Ranking by CRIC 2 According to the 2020 Shenzhen's Top 20 Real Estate Companies on Sales by China Index Academy 3 According to the Annual Results Presentation (March 2021) of Kaisa Group INVESTOR PRESENTATION 7 NAMTAI#8Key Success Factors of Nam Tai's Business (continued) Financing Capabilities • IsZo The current liquidity crisis is due to IsZo's lack of banking relationships in the PRC Nam Tại The existing management managed to secure loans of US$125 million in the last 2 years prior to the liquidity crisis brought about by the proxy fight Highly confident in its ability to restore banking relationships with Nam Tai nominee victory Business Strategy Brand • No clear business strategy and confusing plan in their 22 March 2021 press release . No brand value • Solid execution of development growth strategy as evidenced by the acquisition of an attractive site in Dongguan at the depressed market while IsZo openly criticized the purchase Kaisa is a Top 3 developer in Shenzhen¹ and is named the Top 1 Leading Brand of Chinese Developer in 2020 - Urban Renewal² and 6th in 2020 Top 10 Chinese Developers in Stability³ Notes: 1 According to the 2020 Shenzhen's Top 20 Real Estate Companies on Sales by China Index Academy 2 According to ranking by China Index Academy and China Real Estate Top 10 Research Team 3 According to ranking by China Real Estate Top 10 Research Team INVESTOR PRESENTATION 8 NAMTAI#9NTP's Clear and Executable Business Strategy vs. IsZo's Vague Intentions: FINANCING ISZO'S MESSAGE: • Honoring Financial Commitments - We know how valuable Nam Tai's relationships are with its lending banks. This is why we intend to have the Company honor all of the terms and obligations, including repayment at maturity, under its existing loan agreements in good faith. Although we have strong relationships with alternative financing sources, we prefer that the Company retains its existing banking relationships. NAM TAI'S BUSINESS STRATEGY: ⚫ IsZo proposed to retain the existing banking relationships which were cultivated by the existing management. The banks cited the risks and uncertainty of the potential change of control of the Board and management which prompted demand letters for immediate repayment. • The existing management is highly confident in its ability to reestablish its banking relationships after the NTP nominees are re-elected. INVESTOR PRESENTATION 9 NAMTAI#10NTP's Clear and Executable Business Strategy vs. IsZo's Vague Intentions: IsZo's Message: DEVELOPMENT Evaluating New Investment Opportunities - Although Nam Tai has a robust property portfolio at the present time, we want the Company to remain active when it comes to evaluating new project opportunities across China. We believe Shenzhen and its neighboring provinces will continue to grow and thrive as China continues to experience exciting economic growth. The Company can grow alongside the nation's economy. Nam Tai's Business Strategy: ⚫ At the time of NTP's acquisition of the Dongguan project, IsZo heavily criticized the acquisition strategy claiming it was value destructive. ⚫ Since the acquisition in March 2020, housing prices in Dongguan have increased by ~20%. With IsZo unequivocally proved wrong, IsZo now embraces the strategy they denounced. ⚫ This sudden backtracking clearly demonstrates IsZo's lack of foresight and local knowledge, plus their ignorance of the Greater Bay Area political environment. INVESTOR PRESENTATION 10 NAMTAI#11NTP's Clear and Executable Business Strategy vs. IsZo's Vague Intentions: . IsZo's Message: LOCAL EXPERTISE ⚫ Hiring Qualified Local Leadership - We recognize that Nam Tai needs a China-based executive team with strong integrity and demonstrated experience in the commercial real estate space. That is why we plan to immediately retain top search firms and recruit the best local talent for c-level positions. Strengthening Local Relationships - We know how important Nam Tai's partners and vendors are to the project development process. That is why we will honor lawful labor agreements and sub-contractor arrangements at all of the Company's project sites. In addition, we want to build lasting personal and professional relationships with local partners, including project managers, suppliers, vendors, lawmakers and regulators. Nam Tai's Business Strategy: Senior management of Nam Tai have extensive expertise in PRC real estate sector, either from Kaisa or other major developers. Proving their abilities by delivering profitability in under 3 years, and more than US$100 million in cost savings for Inno Park. It is highly doubtful that IsZo could recruit local talent as a U.S. based hedge fund in control of a Chinese company. ⚫ IsZo acknowledges the importance of Nam Tai's local partners and vendors are to the project development process yet they have none of their own. • The current management has already built strong relationships with its suppliers, banks and local lawmakers, while IsZo can only express a desire to do so. • IsZo has no experience in managing a PRC business entity. INVESTOR PRESENTATION 11 NAMTAI#12HIC Choice is Clear IsZo Never Put Forward: Any credible business plan; Any valuation methodology for the NTP share price of at least US$40; and Any evidence of their management capability and expertise in the PRC real estate sector. Nam Tai Current Leadership Has: ⚫ Clear business strategy and plan for the development in the GBA; and Turned the company around in profitability and will be in a position to explore the declaration of dividends once the liquidity crisis has been resolved. The existing leadership is far more suitable and capable than IsZo's team. INVESTOR PRESENTATION 12 NAMTAI#13Aani NAM TAI PLATFORM#14GBA Represents a Differentiated Growth Opportunity World's Major Bay Area Economies Guangdong-Hong Kong- Macao Greater Bay Area San Francisco Bay Area New York Metropolitan Area Tokyo Bay Area Land area (sq. km) Population (mn) 56,904 17,887 21,479 36,899 71.16 7.82 19.98 44.18 GDP1 (US$ bn²) 1,642.0 837.53 1,717.73 1,774.24 Real GDP growth (%) 5.9 4.73 1.33 2.14 Per-capita GDP (US$) 23,075 107,1783 85,9743 40,1634 Air passenger throughput 214.9 85.7 138.1 125.6 (mn passenger-times) Air cargo and airmail 8.32 1.23 2.21 3.49 throughput (mn tons) China's GBA is the World's Biggest Bay Area in Terms of Land Area and Population with Highest Real GDP Growth Note: 1 At current market prices; 2 Converted with the yearly average exchange rates; 3 2017 figure; 42015 figure; Source: Government statistical departments in the relevant jurisdictions, HKTDC INVESTOR PRESENTATION 14 NAMTAI#15Well Positioned in the Fast-Growing GBA Market Guangdong-Hong Kong-Macau Greater Bay Area (GBA) combines Hong Kong and Macau Special Administrative Regions with 9 cities across the Pearl River Delta. Flagship initiative of the China Central Government to drive high-quality economic development • Estimated to become a city cluster comprising of . 70+ million people and US$1.65 trillion of GDP Positioned as the world's 11th largest economic cluster Total area of 21,600mi², larger than Tokyo, New York, and San Francisco Bay Areas • Industry focus around finance, technology and innovation, and manufacturing Zhaoqing Pop. 4.2m GDP $34.4b Jiangmen Pop. 4.6m GDP $48.1b Foshan Pop. 8.2m GDP $164.4b Greater Bay Area Guangzhou Pop. 15.3m GDP $361.2b Dongguan Pop. 8.5m GDP $145.0b Huizhou Pop. 4.9m GDP $63.9b Zhongshan Pop. 3.4m GDP $47.4b Shenzhan Pop. 13.4m GDP $411.6b Nam Tai Longxi Hong Kong Pop. 7.5m GDP $368.9b Nam Tai Inno Park Nam Tai Technology Center Nam Tai Inno Valley Zhuhai Pop. 2.0m GDP $52.5b Macau Pop. 679,600 GDP $54.4b 2019 data Source: Hong Kong Constitutional and Mainland Affairs Bureau * Nam Tai Technology Center received Gold precertification under Leadership in Energy and Environmental Design (LEED) INVESTOR PRESENTATION 15 NAMTAI#16GBA Core Cities to Benefit from Improved Transportation Network • ⚫ The government has plans to modernize the inter-city railway, upgrading the regions transportation infrastructure • As a result, inter-city travel between GBA core cities will be under an hour and travel to non-core cities in the GBA will less than two hours One-hour Living Cycle is underway in the Greater Bay Area Western Shore of Pearl River Delta: High-end equipment manufacturing industry cluster INVESTOR PRESENTATION Guangzhou: International Business Center, Transportation and Logistics Distribution Center in South China, International Metropolis Eastern Shore of Pearl River Delta: Electronic Information Industry Cluster Zhaoqing Guangzhou Dongguan Huizhou Foshan Shenzhen Jiangmen Zhongshan Zhuhai Hong Kong Macao Shenzhen: Science and Technology Innovation Center with International Influence Guangzhou-Shenzhen-Hong Kong High Speed Rail (in operation/a 48-min journey/14-min drive between Hong Kong and Shenzhen) Shenzhen-Zhongshan Bridge (expected to operate in 2024 / a 30-min journey) Humen Bridge (in operation) Guangzhou-Shenzhen intercity railway (in operation/a 48-min journey Hong Kong-Zhuhai-Macao Bridge (in operation/ a 30-min journey) Nansha Bridge (In operation/Shorten distance between Dongguan and Panyu by 10km, saving 30 mins) Greater Bay Area Centre Greater Bay Area Subcentre Industrial cluster Major industries and residential clusters 16 NAMTAI#17Strong Leasing Performance We have generated remarkable leasing results in Inno Park and have leased approximately 113 thousand square meter to technology enterprise tenants and other customers by the end of 2020. We leveraged our expertise on the local market and customers and reached an occupancy rate of 43% amid fierce competition from other industrial peers. Trend of Leased Floor Area of Inno Park 120,000 100,000 45% 40% 35% 80,000 30% 25% 60,000 40,000 20,000 20% 15% ☐ 10% 5% 0% 2019Q2 2019Q3 Leased Floor Area (m2) Occupancy Rate 14,000 33,031 2019Q4 34,848 2020Q1 39,954 2020Q2 2020Q3 61,865 82,279 5% 12% 13% 15% 23% 31% 2020Q4 112,771 43% INVESTOR PRESENTATION 17 NAMTAI#18Stringent Cost Control - Nam Tai Inno Park • US $312 million - original budget of Nam Tai Inno Park project ⚫ Beginning in 2018 - new management team reviewed all budgets/plans and took action to drive further cost controls while maintaining project safety, quality and timelines • As of June 30, 2020-estimated development budget of Nam Tai Inno Park had been significantly reduced to US $195 million Estimated Development Costs (USD in Millions) 350 $312 300 250 $195 200 150 100 Measures Adopted Adjusted positioning of project and optimized costs Strictly implemented the design on prescribed costs and controlled excessive expenses Adopted a procurement model with vendors providing services after client orders to save material purchase costs 50 • Includes land, construction and installation costs as well as indirect development costs 0 The original The adjusted budget budget Capitalized on new national tax policies to reduce tax burden Continuous Focus On Cost Control And Budget Optimization To Drive Profitability INVESTOR PRESENTATION 18 NAMTAI#19Proactively Investing in High-Quality Land Resources Investment in Dongguan • Strategically deepening • • investment in the Greater Bay Area Conducting comprehensive market research including land surveys Won bid for land parcel in Machong Town, Dongguan, a growing regional market, in March 2020 INVESTOR PRESENTATION Strategic Significance: The Longxi Project Will: . • • Create presence in Machong, home to several of China's top 500 companies with strong local housing demand Expand footprint in Dongguan, a leading advanced manufacturing hub in China Increase Nam Tai's residential and commercial property portfolio Form new relationship networks within the local communities Enhance brand awareness in Dongguan and Guangzhou Foshan ·华南植物园 ② 广州东站 天河区 Guangzhou Huizhou 海珠区 Dongguan Shenzhen Zhongshan Zhuhai 19 (大学城牧区) Guangzhou - Panyu District ▶长隆旅游度假区 萝岗香雪公园 2019 Average Price: RMB17,608/sq.m Guangzhou- Huangpu District 2019 Average Price: RMB25,991/ sq.m Longxi Dongguan- Machong Project Town 2019 Average Price: RMB29,774/sq.m BAZ 头字 Dongguang - Nancheng District 庆盛站: 溢田 2019 Average Price: RMB23,389/sq.m | 同沙生 大山森林公 Note: Data sourced from Nam Tai Q2 2020 earnings presentation NAMTAI#20Financial Highlights (Units: 000s) Steady Growth Continuous Investment in Project Development Revenue Total Assets $80,000 $60,000 Since Kaisa's investment $800,000 Since Kaisa's investment $600,000 $40,000 $20,000 $0 2015 2016 2017 2018 2019 2020 $400,000 $200,000 $0 2015 2016 2017 2018 2019 2020 Advance From Customers $80,000 $60,000 $40,000 $20,000 $0 2018 2019 2020 INVESTOR PRESENTATION 20 20 Real Estate Properties Under Development, Net Since Kaisa's investment $400,000 $300,000 $200,000 $100,000 $0 2016 2017 2018 2019 2020 NAMTAI#21Industry Awards and Recognitions LEED Gold Precertification In August 2020, Towers A, B and C of Nam Tai Technology Center received Gold precertification under the Leadership in Energy and Environmental Design (LEED) v4 Building Design and Construction: Core and Shell Development (CS) rating system This precertification is an endorsement of the Company's commitment to high-performance green buildings and an acknowledgement of the progress we have made on this key development project • China Real Estate Golden Brick Award On August 8, 2020, Nam Tai was honored to receive the award of "Industrial Real Estate Model Enterprise of 2020" in the "20th Annual Conference of the Boao 21st Century Real Estate Forum", initiated by 21st Century Business Herald and co- organized by China Real Estate Chamber of Commerce and Elite Habitat Development Foundation for its comprehensive capacities and brand influence Top 20 GBA Industrial Park Operator On August 17, Nam Tai was awarded the "Top 20 2020 Guangdong-Hong Kong- Macau Greater Bay Area Excellent Industrial Park Operator" by CRIC research for its highly adaptable operational model and high quality operational services 实景图 INVESTOR PRESENTATION 020年度中国地产金砖奖 【指导单位】 SFC 经全媒体集团 【主办单位】 刘世纪经济报道 21 C经APP 经济报道 20 USINESS HERALD 21 24 VPHOT AM NAMTAI#22THE PATH TO MAXIMIZE VALUE#23Implementing Clear Differentiation Strategies Unleash Value of Existing Projects Strengthen Image as a Leading Technology Park Operator Prudently Manage Financing and Control Costs Explore Development Opportunities in the GBA • • Promote corporate tenancy and improve cash flow Accelerate construction of Nam Tai Technology Center and Nam Tai⚫ Longxi project Applying for urban renewal permit for Nam Tai Inno Valley Provide tenants with the safest, highest quality mixed-use technology and industrial spaces Further enhance industrial operating systems and team, and fine-tune industrial operations Continue to host industrial activities to strengthen our image and leading posing in the industry . it Prioritize financing support for development and construction of existing projects Maintain healthy asset-liability ratio Actively evaluate and adjust project budgets to maintain strict cost control • • Focus on the Greater Bay Area markets and explore differentiated projects and development models Assess local and macro governmental policies to best position the company's portfolio of properties • Leverage local talent and community knowledge for better results Maximize returns for the Company and our shareholders through sustainable development strategies INVESTOR PRESENTATION 23 NAMTAI#24Unleashing Project Value by Boosting Lease & Sales High-quality leasable and saleable project resources lay the foundation for the growth of Nam Tai Y VINKY Kaber waar Warsor *Note: Includes the relevant area within the capacity gross floor area only. INVESTOR PRESENTATION Projects Leasable Area (sq.m.) Location Nam Tai Inno Park 264,337 Guangming District, Shenzhen Nam Tai Inno Valley 38,270 Bao'an District, Shenzhen • Nam Tai Tang Xi Technology Park 7,586 Bao'an District, Shenzhen • Nam Tai U-Creative Space (Lujiazui) 3,981 Pudong New Area, Shanghai Projects Saleable or Leasable Area* (sq.m.) Location Nam Tai Technology Center 130,166 Bao'an District, Shenzhen Nam Tai Longxi 64,408 Machong Town, Dongguan 24 24 NAMTAI#25Record of Adhering to Project Schedules Estimated Project Development Schedule Schedule Nam Tai Inno Park Nam Tai Technology Center Nam Tai Longxi Land Use Permit June 2015 May 2018 June 2020 Land Use Rights Certificate September 2015 March 2019 May 2020 Construction Land Planning Permit August 2017 May 2019 December 2020 Main Structure Construction Permit May 2018 July 2019 December 2020 Main Structure Completion December 2019 Acceptance Certificate Property Ownership Certificate Delivery Obtained June 2020 Launched from Q3 2020 to June 2021 Remarks: Detailed development schedule for Nam Tai Inno Valley is not yet available as the project is still pending approval for urban renewal. INVESTOR PRESENTATION 25 25#26Multiple Platforms for Value Creation Nam Tai Inno Park Project completed in Q4 2020 Nam Tai Inno Valley Urban renewal application pending, expected to be completed in 2025 Nam Tai Technology Center Construction of main structure to be completed in 2022 INVESTOR PRESENTATION 26 26 Nam Tai Longxi (Dongguan) Mixed residential & commercial development expected to be completed in 2022 NAMTAI#27Enhancing Project Value - Nam Tai Technology Center INVESTOR PRESENTATION Urban Renewal of Nam Tai Technology Center Before Redevelopment 2043 After Redevelopment 2068 Nam Tai Technology Center BEFORE Term of land use right Ownership certificate The project contains a single ownership certificate, cannot be sold separately The project can be sold separately, in line with the market demand Traditional industrial land (M-1) Land type AFTER (Architectural Rendering) Business format Old factory buildings Innovative industrial land (M-0) Large-scale comprehensive technology park that integrates innovative R&D space, commercial area and dormitory 27 NAMTAI#28STRATEGIC RELATIONSHIP WITH KAISA#29Kaisa Partnership Adds Strategic and Financial Value CHANEL JCCI INVESTOR PRESENTATION 29 ⚫ Kaisa is a strategic investor and largest . shareholder in Nam Tai, providing: Banking relationships • Access to real estate professionals • • and management executives Brand awareness Development expertise Economies of scale Local government relationships • Absent the strategic relationship with Kaisa, NTP would struggle to compete NAMTAI#30Kaisa is a Reliable and Growing Partner for Nam Tai Contracted Sales (USD millions) Total Assets (USD billions) $47.16 $20,000 $16,267 $50.00 $41.23 $15,000 $10,000 $13,410 $34.85 $40.00 $10,661 $30.00 $5,000 $10.00 $0 $0 FY2018 FY2019 FY2020 FY2018 FY2019 FY2020 Net Profit (USD millions) Credit Ratings $803 Onshore Rating: CCXI AA+AA+/United Credit Ratings AA+AA+, Stable outlook $1,000 $800 $634 $600 $501 $400 $200 $0 FY2018 FY2019 FY2020 INVESTOR PRESENTATION 30 Offshore Rating: Moody's B1/S&P B /Fitch B, Stable outlook NAMTAI#31Kaisa's Achievements Award . Top 1 Leading Brands of Chinese Developer in 2020 - Urban Renewal 20th in 2020 Top 100 China Listed Property Developers in Integrated Capability 4th in 2020 Top 10 Hong Kong-listed Chinese Real Estate Companies in Investment Value Best Investor Relations and Best Use of Debt, 2020 Global Fixed-Income Investor Relations Honored Company, 2020, All-Asia Executive Team Top 40 Honored Enterprises of the 40th Anniversary of Shenzhen Special Economic Zone 6th in 2020 Top 10 Chinese Developers in Stability, China Real Estate TOP 10 Research Team • ESG Corporate Awards 2020 (Titanium) Best Investor Relations Team Award • Most Influential Hong Kong and US listed Company Issued By China Index Academy, China Real Estate TOP 10 Research Team Eh-Consulting China Real Estate TOP 10 Research Team Institutional Investor Shenzhen Special Economic Zone Securities Times The Asset Tong Huashun Institutional Investor 2020 GLOBAL FIXED-INCOME INVESTOR RELATIONS RANKED 2ND PLACE IN REAL ESTATE & CONSTRUCTION KAISA GROUP HOLDINGS LTD INVESTOR PRESENTATION 證 ERTIFICATE 一中国房地产品牌价值研究成果鉴定书 Certificate of Chiss Best Eatale Brand Valec ASSET THE * CORPORAT E AWARDS ESG THE ASSet S2020 31 ASSET ASIAN AWARD THE Asset TRIPLE A BENCHMARK THE Asset RESEARCH 二○二○年八月 Z TOPIOO 2020中国房企品牌价值 TOP 20 佳兆业集团控股有限公司 CAME Institutional Investor 2020 ALL-ASIA EXECUTIVE TEAM HONORED COMPANY NAMTAI#32Importance of Kaisa Relationship Claims Kaisa's relationship is solely based on their self interest • Related party transactions unfairly favored Kaisa Reality Kaisa is a valuable strategic partner and shares with us their expertise, thus helping to expedite the development of our industrial projects, including government approvals, design, construction, sales and marketing Banking relationships are greatly enhanced due to the Kaisa partnership Kaisa is the lowest cost provider of quality property management services INVESTOR PRESENTATION 32 32 NAMTAI#33PORTFOLIO VALUATION#34USD/RMB: 6.5; No. of outstanding shares: 39,197,991 Market Value as of Feb 28, 2021* City 1. Nam Tai Inno Park (RMB) Shenzhen 2. Nam Tai Technology Center (RMB) Shenzhen Independent Appraisals Conducted by Savills & JLL (In '000 other than per share) JLL Appraised Value 2,389,900 1,985,000 Savills Appraised Value 2,551,000 1,845,000 3. Nam Tai Inno Valley (RMB) Shenzhen 202,000 265,800 4. Nam Tai Longxi (RMB) Dongguan 894,000 864,700 5. Five Office Suites in Zhuoyue Baozhong Times Square (RMB) Shenzhen 92,000 90,950 6. Wuxi Facilities (RMB) Wuxi 124,000 139,300 Total Property Value (RMB) 5,708,000 5,735,650 Total Property Value (US$) 878,154 882,408 Net balance sheet adjustment (US$)* (168,659) (168,659) Estimated Net Asset Value (US$) 709,495 713,749 Estimated Net Asset Value Per Share (US$) 18.10 18.20 Notes: *Net Balance Sheet Adjustment: adjusted total assets less total liabilities. Adjusted total assets are computed as total assets less net properties under development, properties held for sales-type lease, net properties held for lease, and net Property, plant and equipment. INVESTOR PRESENTATION 34 34 NAMTAI#35Notes: Independent Appraisals & Valuation Rationales Independent Appraisals Two independent valuers, Savills and Jones Lang LaSalle ("JLL"), have been appointed to value the Company's major projects, namely: • Nam Tai Inno Park, Nam Tai Technology Center, Nam Tai Inno Valley, Nam Tai Longxi, Offices in Zhuoyue Baozhong Times Square, Wuxi Facilities Taking into account net balance sheet adjustment*, the Company's net asset value per share is estimated to be approximately US $18 per share. This per share valuation is based on the Company being valued as a going concern. Valuation Rationales • The Company did not provide the valuation report since 2018 due to continually changing regulations and tightening measures on industrial projects, see the 2018 and 2019 quarterly and annual financial reports. • The valuation reports shall provide a basis of the value of the underlying assets for reference only. IsZo's claim of at least $40 per share is without basis. *Net Balance Sheet Adjustment: adjusted total assets less total liabilities. Adjusted total assets are computed as total assets less net properties under development, properties held for sales-type lease, net properties held for lease, and net Property, plant and equipment. INVESTOR PRESENTATION 55 35 NAMTAI#36Recovery Value . • If IsZo cannot resolve the liquidity crisis with the lending banks, and in the worst-case scenario, the Company would face liquidation. ⚫ The liquidation value would be adversely impacted by substantial tax liabilities triggered by the sale of properties. . In the PRC, major tax items include*: ✓ value-added taxes on sales proceeds (after deductible amount) estimated to be approximately 10%**; ✓ land appreciation tax levied on gains at a progressive rate from 30% to 60%; and ✓ corporate income tax levied at a standard rate of 25%. • The management estimates that the aggregate tax rate would be approximately 30-40% of the sales consideration. • In the event of a forced liquidation, at fire-sale prices, project values would be substantially lower, destroying significant shareholder value. ⚫ The highest priority for Nam Tai management is to resolve the liquidity crisis, resume normal course operations and execute our strategic plan. Notes: * The taxation is a complicated matter and varies considerably with the transaction structure. The relevant discussion is provided for reference only. ** Nam Tai Inno Valley and Wuxi Facilities would be eligible to the value-added tax rate for products prior to 2016, which is approximately 5.6% INVESTOR PRESENTATION 36 NAMTAI#37NAMTAI STRONG & INDEPENDENT BOARD#38Highly Experienced and Well-Functioning Board Highly Experienced & Diligent Directors ⚫ The current board and management have a deep understanding of the operating conditions in the PRC for property development, in particular industrial properties. • The full Board formally met 9 times during 2020 and the incumbent directors standing for election attended all the Board meetings. Diversity Four directors are located in Hong Kong or Mainland China, with direct experience in the China market. The Board has broad representation with two independent directors from North America, e.g., Mr. Peter R. Kellogg and Mr. Mark Waslen. Independence and Oversight ⚫ All the directors but one are independent, representing 83% independence ratio on the Board. The Board's three standing committees are composed solely of independent Directors. • Mr. Kellogg sits on the Audit, Compensation, Nominating and Corporate Governance committees. INVESTOR PRESENTATION 38 NAMTAI#39Board of Directors Skills Matrix Name Position Age Member Since Real Estate Governance Science & Technology Finance Dr. Lai Ling Tam Director & Executive Chairman 57 2020 Dr. Wing Yan (William) Lo Independent Director 60 2003 Professor Si Zong Wu Independent Director 68 2019 Professor Aiping Lyu Independent Director 57 2019 Mr. Peter Kellogg Independent Director 78 2000 Mr. Mark Waslen Independent Director 60 2003 INVESTOR PRESENTATION 39 NAMTAI#40Commitment to Shareholder Engagement & Value Creation We are committed to ongoing transparency and creation of value for all shareholders • The Board and management deeply value the input from and opinion of investors • We will foster investor engagements by: ◆ Resuming quarterly conference calls and continuing dialogue with investors ◆ Exploring analyst coverage once the Company becomes more stable ◆ Arranging project site visits after the Covid-19 pandemic is under control • The Company will explore the declaration of dividends after resolving the liquidity crisis "The Board and Management Recommend That Shareholders Vote Against Resolutions 1 Through 12 By Using The White Proxy Card." INVESTOR PRESENTATION 40 NAMTAI#41Board of Directors DR. LAI LING TAM Age: 58 Position: Director and Executive Chairman Since: 2020 BIOGRAPHY . 30 years' experience across finance and real estate Substantial experience in managing companies and dealing with investors to create value for shareholders Chartered Financial Analyst and educated at University College London (bachelor's degree in Engineering) and University of Cambridge (PhD) CAREER HIGHLIGHTS Kaisa Group: Senior Advisor since 05/2015; Director and Vice Chairman, 02/2010 to 12/2014 • SPG Land (Holdings): Executive Director, 12/2007 to 11/2008 Hopson Development (754.HK): Deputy Managing Director and Chief Financial Officer, 04/2005 to 11/2007 ⚫ Tsingtao Brewery Company (168.HK).: Independent Non- executive Director, 06/2002 to 06/2005 ⚫ ICEA Capital Limited: Managing Director, Investment Banking Division, 03/1998 to 04/2005 INVESTOR PRESENTATION 41 NAMTAI#42Board of Directors DR. WING YAN (WILLIAM) LO Age: 61 Position: Independent Director Since: 2003 BIOGRAPHY ⚫ Director since 2003 and Chairman of the Compensation Committee and Nominating and Corporate Governance Committee • 34+ years' experience in the TMT and consumer sectors • Member of the Cyberport Advisory Panel and Member of the Hospital Governing Committee of HK Red Cross Blood Transfusion Service and Advisory Committee Member on Chinese Medicine, Hong Kong Baptist University • Educated at the University of Cambridge (MPhil in Pharmacology and PhD in Molecular Neuroscience) CAREER HIGHLIGHTS ⚫ CSI Properties (SEHK: 497): Independent Non-executive Director, since 04/2014 ⚫ Jing Rui Holdings (SEHK:1862): Independent Non-executive Director, since 10/2013 . • Hongkong Telecom: Managing Director, 01/1990 to 06/1998. Citi HK/Macau Consumer Bank: CEO, 09/1998 to 01/2000 •⚫ Kids land International Holdings: Vice Chairman, CFO and Managing Director, 01/2013 to 12/2018 • Shantou People's Political Consultative Conference: Committee Member, 2003 to 2016 INVESTOR PRESENTATION 42 NAMTAI#43Board of Directors PROFESSOR SI ZONG WU Age: 69 Position: Independent Director Since: 2019 BIOGRAPHY Director since 2019 and Chairman of the Audit Committee and Member of the Compensation Committee and Nominating and Corporate Governance Committee 40+ years' experience teaching and researching business management, marketing and international trade Author of multiple research publications between 2001 and 2020, and books on marketing, commerce and trade from 2000 to 2007 • Graduate of Jiangxi University of Finance (bachelor's degree in Economics) and Shanghai University of Finance and Economics (master's degree in Economics) CAREER HIGHLIGHTS • Guanzong Investment Management Co., Ltd: Executive Director and General Manager, since 2016 • Shanghai Shimao Co., Ltd (SSE: 600823): Independent Director, since 2018 Top Spring International Holdings (SEHK: 2688): Independent Non-executive Director, since 2011 ⚫ Chitina Holding Ltd (TPE: 4137),: Director, since 2010 ⚫ Anhui Higasket Plastics Co., Ltd: Independent Director, since 2017 ⚫ China Marketing Society: Standing Director, since 2006 ⚫ Tongji University: Professor and Doctoral Tutor, since 1997; Secretary of the Party Committee, 2004-2009; and Vice Dean of the Economic and Management School, 1998-2004 INVESTOR PRESENTATION 43 NAMTAI#44Board of Directors PROFESSOR AIPING LYU Age: 58 Position: Independent Director Since: 2019 BIOGRAPHY Director since June 2019 and Member of the Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee • 22+ years' experience in management of research institutes and pharmaceuticals in Mainland China and Hong Kong • 60+ patents resulting from research activities and more than 30+ books and 500+ articles published Graduate of Jiangxi University of Traditional Chinese Medicine (bachelor's degree) and China Academy of Traditional Chinese Medicine in Beijing ((presently known as the China Academy of Chinese Medical Sciences) master's and PhD degrees) CAREER HIGHLIGHTS ⚫ Kaisa Health Group (SEHK: 876): Independent Non-executive Director, since 03/2018 ⚫ Hong Kong Baptist University: Chair Professor and Dean of School of Chinese Medicine, since 02/2012 ⚫ Chinese Medicine Development Committee, Hong Kong: Member, since 2014 Biology and Medicine Panel of The Research Grants Council, Hong Kong: Member, 2013 to 2019 • Technical Committee of the International Organization for Standardization on Traditional Chinese Medicine (ISO/TC249): Head of Chinese Delegation, since October 2009 INVESTOR PRESENTATION 44 44 NAMTAI#45Board of Directors PETER R. KELLOGG Age: 79 Position: Independent Director Since: 2000 BIOGRAPHY Director since June 2000 and Member of the Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee Senior Managing Director of Spear, Leeds & Kellogg, a registered broker- dealer in the United States and a specialist firm on the NYSE until the firm merged with Goldman Sachs in 2000 Board Director of the Ziegler Companies and the U.S. Ski Team INVESTOR PRESENTATION 45 NAMTAI#46Board of Directors MARK WASLEN Age: 61 Position: Independent Director Since: 2003 BIOGRAPHY Director since July 2003 and Member of the Audit Committee Financial Controller, Secretary, Treasurer and other roles at Nam Tai, 1990 to 1995 and 06/1998 to 10/1999 • Partner at MNP, a Canadian Chartered Accountant and business advisory firm, since 06/2010 • Employed by Berris Mangan Chartered Accountants, an accounting firm located in Vancouver, BC, 2001 to 2010 Prior roles at various other accounting firms, including Peat Marwick Thorne and Deloitte & Touche • Chartered Financial Analyst, Chartered Accountant and Certified Public Accountant • Graduated from University of Saskatchewan (Bachelor's of Commerce), 1982 INVESTOR PRESENTATION 46 NAMTAI#47NAMTAI THANK YOU#48NAMTAI APPENDIX#49BVI Court Appeal The Company is filing an application to appeal the Judgment of the BVI Court made on March 3, 2021 (in relation to the expedited trial heard over the period January 29, 2021 to February 24, 2021) on the basis that the Judgment discloses a number of significant errors and, in particular, a demonstrable failure to take account of important evidence. The grounds upon which the Company is basing its appeal include the following: o The Judge erroneously rejected the existence of the liquidity crisis facing Nam Tai at the time of the share allocation; o As a consequence, the Judge erroneously: rejected the evidence of Nam Tai's directors that the purpose of the share allocation was to deal with the liquidity crisis; and held that the purpose of the share allocation was to entrench the board. The Judge failed to take into account the relevant timeline in his evaluation of the liquidity crisis; o The Judge failed to take into account compelling contemporaneous evidence; and o The Judge erroneously assessed the directors' evidence. INVESTOR PRESENTATION A-1 NAMTAI#50Details on Related Party Transactions IsZo's Claims 1. a two-year property management service agreement for the Company's Inno Park project for RMB 9.43 million; a second five-year property management services agreement for Inno Park where Kaisa, not the Company, will charge tenants for its services; a third property management service agreement for the development stage of Inno Park 2. a one-year property management service agreement for the development stage of Nam Tai Technology Center for consideration of RMB 2.69 million; and 3. a one-year property management for Nam Tai Inno Valley for consideration of RMB 1.49 million Reality All management contracts were opened to bid, Kaisa was the lowest price among multiple bids Project Monthly Fee (USD 000) Bidding Price Range (USD 000) Number Service of Bidders Period Inno Park (Industrial Center) 60.3* Technology Center 63.5-78.6 5 April 2019 - April 2021 37.1 37.1-38.6 February 2020 - 5 February 2021 Inno Valley 20.9 20.9-21.5 February 2020 - February 2021 Note: *Kaisa's initial bidding price which was USD $63.5 per month and further adjusted to USD $60.3 per month after negotiation with management. INVESTOR PRESENTATION A-2 USD/RMB exchange rate: 6.5 NAMTAI#51Tightening Policies on Industrial Property Market In the Past 3 Years . First Stage Starting-up (2007-2012) Opinions on Upgrade and Reformation of Industrial Block Shenzhen Urban Renewal Measures Implementations on Shenzhen Unban Renewal Measures Second Stage Developing (2013-2017) Opinions of the Shenzhen Municipal People's Government on Optimizing the Allocation of Space Resources and Promoting Industrial Transformation and Upgrading Operational Guidelines for Upgrade and Reconstruction of Old Industrial Zones in Shenzhen for Comprehensive Improvement (Trial) Interim Measures for Strengthening and Improving the Implementation of Urban Renewal • Third Stage Regulation & Restriction (2018 to now) Notice on Further Strengthening Real Estate Regulation and Promoting the Stable and Healthy Development of the Real Estate Market (July 2018) • Measures on Administration for Industrial Block of Shenzhen (August 2018) • Measures for the Administration of the Transfer of Industrial Buildings and Supporting Space in Shenzhen (January 2020) Effects and Challenges on Industrial Property Market Bubble and oversupply in industrial property market caused by stimulating policies issued during 2013 and 2017 Reduced attractiveness due to higher thresholds for buyers and lessees (qualified enterprises and persons only) Difficulty on leasing and sales due to restrictions on subdivision of title Risk of severe penalty due to breach of strict industrial supervision agreement, including failure to achieve tax and industrial production targets INVESTOR PRESENTATION A-3 NAMTAI