Press Release: Nam Tai : Nam Tai Property Closes on its First Commercial Bank Financing After Obtaining Full Control

SHENZHEN, China--(BUSINESS WIRE)--Nam Tai Property Inc. (OTC Expert Market: NTPIF) ("Nam Tai Property" or the "Company") today announced that the Company closed a mortgage loan (the "Loan") with Shenzhen Rural Commercial Bank ("SRCB"). The Loan totals RMB 110.0 million and matures in eight years. The blended all-in rate is approximately 4.4% per year (based on the Loan Prime Rate published by the Central Bank of the People's Republic of China). The Loan is collateralized with the Company's Inno