6-K
NAM TAI PROPERTY INC. (NTPIF)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OFFOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of July 2022
Commission File Number 001-31583
NAM TAI PROPERTY INC.
(Translation of registrant’s name into English)
Namtai Industrial Estate
No. 2 Namtai Road, Gushu Community, Xixiang Township
Baoan District, Shenzhen City, Guangdong Province
People’s Republic of China
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
NAM TAI PROPERTY INC.
Form 6-K
CONTENTS
Appointment of Directors; Removalof Directors
On June 30, 2022, the Board of Directors (the “Board”) of Nam Tai Property Inc. (the “Company”) announced that Paula Poskon and Jeffrey Tuder resigned from the Company’s Board and its committees, effective as of June 30, 2022.
Further, on June 30, 2022, the Board appointed Mr. Zhou Chongqing as a director of the Company, effective as of June 30, 2022. There are no related party transactions between the Company and Mr. Zhou which would require disclosure under Item 404 of Regulation S-K.
Mr. Zhou, 63, is retired and currently serves as an independent director of Wenfeng Great World Chain Development Corp. Mr. Zhou held the positions of Vice Chairman, Deputy General Manager and member of the Party Committee of Nantong Industrial Holding Group Co. Ltd, becoming Vice Chairman in 2015 until his departure in 2019. Mr. Zhou served as a director of Nantong Urban Construction Group from 2017 to 2019, and a director of Nantong Jiangshan Agrochemical & Chemicals Co., Ltd. from January 2014 to April 2019. Further, he served as an Assistant Investigator of Nantong State-owned Assets Supervision and Administration Commission from January 2005 to April 2011. He has served as chairman of the Board of Supervisors of Nantong State-owned Real Estate Group from August 2008 to April 2011, and as chairman of the Board of Supervisors of the Nantong Grain and Oil Group from July 2006 to April 2011. He previously served as a director, Deputy General Manager and member of the Party Committee of Nantong Trade Holdings Co. Ltd., as well as a director of Nantong Science and Technology, and a director of Jiangshan Co., Ltd.. Other positions held by Mr. Zhou include Deputy Section Chief, Section Chief and Reform Office Director of Nantong Municipal Bureau of Commerce (Finance and Materials Section), and an Assistant Director and Assistant Investigator of the Nantong Municipal Trade Bureau (Finance Audit Section). The Company believes Mr. Zhou’s experience in corporate governance and real estate, as well as his experience with operating companies in China’s public and private sectors, makes him well qualified to serve as a director.
The Board also approved the following changes to its committees, effective June 30, 2022: (i) the appointment of Mr. Zhou to the Audit Committee and Compensation Committee, (ii) the appointment of Bo Hu to the Compensation Committee and (iii) the appointment of Alva Yu to the Nominating and Corporate Governance Committee.
A copy of the press release announcing the appointment of Mr. Zhou is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Exhibit Index
| Exhibit No. | Description |
|---|---|
| 99.1 | Press Release, dated June 30, 2022 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: July 7, 2022
| NAM TAI PROPERTY INC. | |
|---|---|
| By: | /s/ Yu Chunhua |
| Name: | Yu Chunhua |
| Title: | Interim Chief Executive Officer |
EX-99.1
Exhibit 99.1
Nam Tai Property Appoints Zhou Chongqing to its Board of Directors
SHENZHEN, China—(BUSINESS WIRE)--Nam Tai Property Inc. (NYSE: NTP) (“Nam Tai” or the “Company”) today announced the immediate appointment of Zhou Chongqing to the Company’s Board of Directors (the “Board”). In addition, the Company announced that Jeffrey Tuder and Paula J. Poskon have resigned from their director positions, resulting in a reduction of the Board to eight members.
Michael Cricenti, Nam Tai’s Chairman, commented:
“We are pleased to welcome Mr. Zhou to the Board. In addition to having a deep understanding of China and its various markets, Mr. Zhou possesses additive experience in corporate governance and real estate. He also has valuable knowledge of China’s business and public sectors. I also want to take this opportunity to thank Jeff and Paula for their service and commitment to Nam Tai.”
Zhou Chongqing Biography
Zhou Chongqing, age 63, is a Chinese national with a diverse background that spans accounting, corporate governance and real estate. He is currently an independent director of Wenfeng World Chain Development Co., Ltd. and has also served as a director of Nantong Jiangshan Agrochemical & Chemicals Co., Ltd. Some of his previous experience includes serving as a Deputy Section Chief, Section Chief and Reform Office Director of Nantong Commerce Bureau (Trade Bureau), as Assistant Director and Assistant Investigator of Nantong Trade Bureau, and as Chairman of the Board of Supervisors of Nantong State-owned Real Estate Group and the Nantong Grain and Oil Group.
FORWARD-LOOKING STATEMENTS
Certain statements included in this announcement, 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 announcement; 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 announcement or those that might reflect the occurrence of unanticipated events.
ABOUT NAM TAI PROPERTY
Nam Tai Property Inc. is an owner-operator of commercial real estate projects across China. The Company currently maintains two industrial complex projects, with one in Guangming, Shenzhen and one in Bao’an, Shenzhen. Learn more about the Company’s portfolio and strategic priorities by emailing our investor relations team.
CONTACTS
For Shareholders:
Longacre Square Partners
Greg Marose / Ashley Areopagita, 646-386-0091
gmarose@longacresquare.com / aareopagita@longacresquare.com