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Nam Tai Property Closes on RMB 600 Million Refinancing of Inno Park with China CITIC Bank

New Loan Features Significantly Improved Terms, Including a 4.3% Interest Rate, 15-Year Duration and Reduced Payments in the First 3 Years

SHENZHEN, China--(BUSINESS WIRE)-- 鈥婲am Tai Property Inc. (OTC Expert Market: NTPIF) (鈥淣am Tai Property鈥� or the 鈥淐ompany鈥�) today announced the successful closing of the RMB 600 million refinancing (the 鈥淣ew Loan鈥�) for its Inno Park property (鈥淚nno Park鈥�), the Company鈥檚 stabilized business park located in the Guangming District of Shenzhen, with China CITIC Bank Corporation Limited (鈥淐ITIC Bank鈥�).

The New Loan replaces the existing loan (the 鈥淥riginal Loan鈥�) with Bank of China, which was set to mature in November 2028 and carried an outstanding balance of RMB 405 million as of July 21, 2025 (the 鈥淩epayment Date鈥�). The New Loan matures in July 2040 and carries a blended all-in interest rate of approximately 4.3% per year.¹ Additionally, the repayment schedule requires principal payments of RMB 12 million within one year and RMB 54 million within three years from the full drawdown date. The New Loan provides for improved terms compared to the Original Loan, which carried an interest rate of 5.022% per year and a repayment schedule requiring RMB 93 million within one year and RMB 316 million within three years.

The New Loan immediately unlocks approximately RMB 195 million in available liquidity while substantially reducing the Company鈥檚 near-term repayment burden. The Company expects savings of approximately RMB 73 million in principal and interest over the next year and approximately RMB 225 million over the next three years. Excess proceeds are expected to be used to further accelerate the completion of the Nam Tai Tech Center and unlock value at Inno Valley.

Bo Hu, Chief Executive Officer and board member, commented:鈥嬧��

鈥淭he refinancing for Inno Park represents a significant milestone for Nam Tai. Our ability to secure a RMB 600 million facility with improved terms from a major institution reflects the work our team has done to stabilize and strengthen the Company鈥檚 financial position. In addition to optimizing our capital structure and providing us with more flexibility and savings, the New Loan will position us to execute on our broader operational plans and maximize the value of our core stabilized asset, Inno Park.鈥�

Additional information can be found in the Company鈥檚 Form 6-K filed with the U.S. Securities and Exchange Commission.

Forward Looking Statements

The Company may from time to time make written or oral 鈥渇orward-looking statements鈥�, including statements contained in this release and in the Company鈥檚 filings with the U.S. Securities and Exchange Commission (the 鈥淪EC鈥�). These forward-looking statements include statements with respect to the Company鈥檚 beliefs, plans, objectives, goals, expectations, anticipations, estimates, and intentions that are subject to significant risks and uncertainties and are subject to change based on various factors, many of which are beyond the Company鈥檚 control. These factors include risks related to its currently contemplated strategy, competition, timing, increases in costs of materials, capital and financing needs, access to funding under the Company鈥檚 debt instruments and the timing thereof, the Company鈥檚 ability to refinance certain debt, its ability to sell certain assets, construction/development challenges or setbacks, its ability to hire and retain construction contractors and subcontractors, the Company鈥檚 ability to obtain materials and supplies necessary for construction of various projects, any unforeseen issues relating to construction, including environmental, weather, catastrophes, or other issues, the Company鈥檚 ability to add additional guaranteed power to certain of its projects, projected regional development, composition of potential tenants of development projects, development of asset light capabilities for internal or external use and monetization, judicial and regulatory challenges and/or delays, changes in economic policy, including in relation to trade and/or tariffs, anticipated savings or uses of funding from refinancings, changes in general economic conditions and other factors detailed from time to time in the Company鈥檚 filings with the SEC. The words 鈥渕ay鈥�, 鈥渃ould鈥�, 鈥渟hould鈥�, 鈥渨ould鈥�, 鈥渂elieve鈥�, 鈥渁nticipate鈥�, 鈥渆stimate鈥�, 鈥渆xpect鈥�, 鈥渋ntend鈥�, 鈥減lan鈥�, and similar expressions are intended to identify forward-looking statements. All such statements are made in good faith by the Company pursuant to the 鈥渟afe harbor鈥� provisions of the Private Securities Litigation Reform Act of 1995. The Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company, except as may be required by applicable law or regulations.

About Nam Tai Property

Nam Tai Property Inc., a Company incorporated in the British Virgin Islands (the 鈥淏VI鈥�) and governed by BVI law, owns certain subsidiaries, which own and operate commercial real estate projects across the People鈥檚 Republic of China. Those subsidiaries currently maintain two industrial complex projects, with one in Guangming, Shenzhen and one in Bao鈥檃n, Shenzhen. Learn more about the Company, and the portfolio of properties held by certain of its subsidiaries by emailing our investor relations team or visiting Weibo: .

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Longacre Square Partners LLC

Ashley Areopagita

[email protected]

Source: Nam Tai Property Inc.