2017
Nam Tai Inno Park held a ground breaking ceremony on May 5, 2017, in Guangming, Shenzhen....
2014
We ceased our LCM manufacturing business in April 2014 to focus our efforts on developing two research and development centers: "Nam Tai Inno Park" in Guangming, Shenzhen, and "Nam Tai Inno City" in Gushu, Shenzhen, and changed our name to Nam Tai Property Inc. (NYSE:NTP).
2007
Second manufacturing facilities expanded to Wuxi, China.
2003
Nam Tai transferred its listing venue from Nasdaq to NYSE.
1988
Initial public offering and listing on Nasdaq
1987
Nam Tai moved its first manufacturing facilities from Hong Kong to Shenzhen, China, to take advantage of lower overhead costs, lower material costs and competitive labor rates available.
1980
Nam Tai reincorporated as a limited liability International Business Company under the laws of the British Virgin Islands.
1979
Initial investment in PRC
1975
Nam Tai Electronics, Inc. was founded.

Nam Tai Property Inc.

(Incorporated in the British Virgin Islands and listed on the New York Stock Exchange in the USA)
(NYSE: NTP)

Nam Tai Electronic & Electrical Products Limited

(Incorporated in the Cayman Islands)

Namtai Investment (Shenzhen) Co., Ltd.

(Incorporated in PRC)

Nam Tai Holdings Limited

(Incorporated in the BVI)
(Registered as a part XI company in HK)

Zastron Electronic (Shenzhen) Co., Ltd.

(Incorporated in PRC)

Wuxi Zastron Precision-Flex Co., Ltd.

(Incorporated in PRC)
DETAILED EXPLANATION:
1. Nam Tai Property Inc. (NYSE:NTP) was founded in 1975, as Nam Tai Electronics, Inc., or NTEI, and was reincorporated as a limited liability International Business Company under the laws of the British Virgin Islands in August 1987, and is a holding company for the subsidiaries shown in the chart above and discussed below. As of April 2014, Nam Tai Electronics, Inc. changed its name to Nam Tai Property Inc., signifying the transformation to property development and management.
2. Nam Tai Electronic & Electrical Products Limited, or NTEEP, was incorporated and registered as an exempted company with limited liability in the Cayman Islands in June 2003. The shares of the company were listed on the Main Board of The Stock Exchange of Hong Kong Limited from April 2004 to November 2009, when the company was delisted. The company is an investment holding company.
 
3. Nam Tai Investment (Shenzhen) Co., Ltd. (formally known as Namtai Electronic (Shenzhen) Co. Ltd.), or NTISZ, was originally established as Baoan (Nam Tai) Electronic Co., Ltd. in June 1989 as a contractual joint venture company with limited liability pursuant to the laws of China. Through September 2010, it engaged in the manufacture and sale of consumer electronics and telecommunications products. With effect from October 1, 2010, the business and operations of NTISZ were transferred to Zastron Shenzhen. NTISZ was transferred into an investment holding company in the PRC in April 2011.
4. Nam Tai Holdings Limited (formerly known as First Rich Holdings Limited), or NTHL, was incorporated and registered as a limited company in the British Virgin Islands in November 2007. The company was also registered as non-Hong Kong company under Part XI of the Hong Kong Company Ordinance in December 2012. The company is an investment holding company and acts as the treasury function for Nam Tai Property Inc. group companies and coordinates with the Hong Kong Inland Revenue Department to clarify and finalize all the outstanding tax matters (from the year 1996 up to now) for Nam Tai group subsidiary companies registered in Hong Kong.
 
a. Zastron Electronic (Shenzhen) Co., Ltd., or Zastron Shenzhen, was established in the PRC in 1992 as a company with limited liability. It manufacturers telecommunication components and assemblies such as LCD modules and FPC assemblies. Zastron Shenzhen’s sister company, Jetup Electronics (Shenzhen) Co., Ltd, or Jetup, also wholly-owned by NTISZ and engaged in the manufacture of LCD panels and LCD modules, was merged into Zastron Shenzhen effective on April 1, 2010. Upon completion of that merger, Jetup ceased to exist, and it assets, liabilities and operations were transferred to Zestron Shenzhen. In October 2010, the business and operations of NTISZ were transferred to Zastron Shenzhen. In August 2011, Zastron Shenzhen became a wholly owned foreign enterprise.
b. Wuxi Zastron Precision-Flex Co., Ltd., or Wuxi Zastron-Flex, was established in November 2006 as a wholly owned foreign investment enterprise with limited liability and pursuant to the relevant laws of the PRC. This company began manufacturing and selling FPC boards and FPC subassemblies during 2010. Wuxi Zastron-Flex’s sister company, Wuxi Zastron Precision-Tech Co., Ltd, or Wuxi Zastron Tech also wholly-owned by Nam Tai Investment Limited was merged into Wuxi Zastron-Flex effective in April 2010. Upon completion of that merger, Wuxi Zastron of that merger, Wuxi Zastron Tech ceased to exist, and its assets, liabilities and operations were transferred to Wuxi Zastron-Flex.
 

DIRECTORS

Ying Chi Kwok

Executive Chairman of the Board of Directors and Chief Executive Officer

Year of Birth: 1967

Mr. Kwok joined our Board of Directors from October 2017 and has served as our Chief Executive Officer since February 2018 and our Chairman of the Board since June 4, 2018. Mr. Kwok was born in Guangdong, China. Mr. Kwok was the co-founder of Kaisa Group Holdings Limited and Fulbright Financial Group. Kaisa Group Holdings Limited was established in 1999, where Mr. Kwok served as one of its directors. Kaisa Group Holdings Limited was listed on the Hong Kong Stock Exchange in 2009 (1638.HK) and Mr. Kwok served as its vice-chairman and a director from 2009 to 2014. Since 2015, Mr. Kwok has been serving as its senior adviser.

Hao Xu

Non-Executive Director

Year of Birth: 1984

Mr. Hao Xu joined our Board of Directors on August 1, 2018. Mr. Hao Xu is an experience investor and manager in real estate with a focus in the China market. Mr. Xu began his career in 2006, straddling the London and Hong Kong offices of The Royal Bank of Scotland as an investment banker focusing on real estate in Asia. In 2011, he joined Fineland Real Estate Holdings as deputy general manager of finance; and, in 2013, Verdant Capital Group as vice president in coverage and investment. Since 2015, Mr. Xu serves as a vice-president in Kaisa Group Holdings Limited and a general manager in its group investment banking department. Mr. Xu received a Bachelor of Science degree in Accounting and Finance from London School of Economics and Political Science in 2005 and a Master of Philosophy in Real Estate Finance from University of Cambridge in 2006.

Peter R. Kellogg

Independent Non-Executive Director

Year of Birth: 1942

Mr. Kellogg has served on our Board of Directors since June 2000. Mr. Kellogg was a 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. Mr. Kellogg serves on our Compensation Committee and Nominating/Corporate Governance Committee. Mr. Kellogg is also a member of the Board of the Ziegler Companies and the U.S. Ski Team.

Dr. Wing Yan (William) Lo

Independent Non-Executive Director

Year of Birth: 1961

Dr. Lo has served on our Board of Directors since July 8, 2003. Dr. Lo is an experienced executive in the TMT (technology, media and telecommunications) and consumer sectors. He has held senior positions in the past in China Unicom, Hongkong Telecom, Citibank HK, I.T Limited and South China Media Group. He is currently the Vice Chairman of Kidsland International Holdings Limited (SEHK:2122) which owns one of the largest toys and children products distribution networks in the PRC and is the exclusive operator of LEGO certified stores in Hong Kong. Dr. Lo graduated from Cambridge University with a M.Phil. degree in Pharmacology and a Ph.D. degree in Molecular Neuroscience in the 80's. Dr. Lo currently serves as an independent non-executive director of a number of publicly listed companies in Hong Kong, including Television Broadcasts Ltd (SEHK: 511), CSI Properties Ltd (SEHK: 497), SITC International Limited (SEHK: 1308) and Jing Rui Holdings Limited (SEHK:1862) and Ronshine China Holdings Limited (SEHK:3301). Dr. Lo is also the Founding Governor of the Charles K. Kao Foundation for Alzheimer's Disease and the ISF Academy as well as the present Chairman of Junior Achievement HK. Dr. Lo is currently a member of the Cyberport Advisory Panel and a member of the Hospital Governing Committee of the Hong Kong Red Cross Blood Transfusion Service. In 1998, Dr. Lo was appointed as a Hong Kong Justice of the Peace. From 2003 to 2016, he was appointed as a Committee Member of Shantou People’s Political Consultative Conference. Dr. Lo currently serves on the Nominating/Corporate Governance Committee acting as the Chairman and also serves on our Audit Committee and Compensation Committee.

Mark Waslen

Independent Non-Executive Director

Year of Birth: 1960

Mr. Waslen has served on our Board of Directors since July 2003 and serves as Chairman of our Audit Committee and on our Compensation Committee and Nominating/Corporate Governance Committee. >From 1990 to 1995 and from June 1998 to October 1999, Mr. Waslen was employed by Nam Tai in various capacities, including Financial Controller, Secretary and Treasurer. Since June 1, 2010, Mr. Waslen is employed as a Partner with MNP, a Canadian Chartered Accountant and business advisory firm. From 2001 to 2010, Mr. Waslen was employed by Berris Mangan Chartered Accountants, an accounting firm located in Vancouver, BC. Prior to joining Berris Mangan, Mr. Waslen has been employed by various other accounting firms, including Peat Marwick Thorne and Deloitte & Touche. Mr. Waslen is a CFA, CA and a CPA and received a Bachelor’s of Commerce (Accounting Major) from University of Saskatchewan in 1982.

Paul Lau

Independent Non-Executive Director

Year of Birth: 1966

Mr. Lau has served on our Board of Directors since June 1, 2018. Mr. Lau has over 20 years of extensive experience in accounting, auditing and finance, earned from several U.S., and Hong Kong listed high-tech companies. Mr. Lau has hands-on experience setting up financial operation handling complex matters in the manufacturing process, cost accounting, SOX compliance, U.S. & Hong Kong regulations on financial reporting for listed companies, international corporate governance, SAP system implementation and organization change. Mr. Lau has worked with Nam Tai Property Inc. for over 11 years from November 2001 to September 2013, during which he served at various positions, including Group Financial Controller, Vice President of Finance and Corporate Secretary. Mr. Lau is a fellow member of the Hong Kong Institute of Certified Public Accountants, a Certified Practicing Accountant (Australia), and a fellow member of Association of International Accountants. Mr. Lau graduated in 1997 from The University of Southern Queensland with a Bachelor of Commerce in Accounting. Mr. Lau went on to receive a Master of Professional Accounting from The Hong Kong Polytechnic University in 2009.

Vincent Fok

Independent Non-Executive Director

Year of Birth: 1970

Mr. Fok has served on our Board of Directors since June 1, 2018. Mr. Fok is a Senior Managing Director of FTI Consulting, a U.S.-listed global business advisory firm assisting companies to protect and enhance their enterprise value. Mr. Fok also serves as an independent non-executive director of Kaisa Health Group Holdings Limited (SEHK:876.) and Shirble Department Store Holdings (China) Limited (SEHK:312). From November 17, 2009 to December 30, 2014, Mr. Fok served as an independent non-executive director of Kaisa Group Holdings Limited (SEHK:1638). From August 31, 2011 to October 8, 2014, Mr. Fok served as a director of Emerson Radio Corp. (NYSE:MSN). From December 1, 2009 to June 15, 2012, Mr. Fok also served as a non-executive director of Delong Holdings Limited (SGX:BQO). Mr. Fok is an associate member of the Hong Kong Institute of Certified Public Accountants and a Certified Practicing Accountant (Australia) and a member of the Hong Kong Institute of Directors. Mr. Fok graduated from Australian National University with a bachelor’s degree in commerce.

MANAGEMENT

Ying Chi Kwok

Chief Executive Officer and 

Chairman of the Board of Directors

 

Year of Birth: 1967

Mr. Kwok joined our Board of Directors from October 2017 and has served as our Chief Executive Officer since February 2018. Mr. Kwok was born in Guangdong, China. Mr. Kwok was the co-founder of Kaisa Group Holdings Limited and Fulbright Financial Group. Kaisa Group Holdings Limited was established in 1999, where Mr. Kwok served as one of its directors. Kaisa Group Holdings Limited was listed on the Hong Kong Stock Exchange in 2009 (1638.HK) and Mr. Kwok served as its vice-chairman and a director from 2009 to 2014. Since 2015, Mr. Kwok has been serving as its senior adviser.

Yu Zhang

Chief Financial Officer

Year of Birth: 1980

Ms. Zhang has served as our Chief Financial Officer since February 2018. Previously, she served as the chief financial officer of our PRC subsidiaries from September 2017 to January 2018. Ms. Zhang is a qualified CPA in the PRC. Prior to joining Nam Tai, Ms. Zhang worked as a financial manager in Kaisa Group and was primary in charge of audit for Kaisa Group’s resumption of trading and for its various bond issuances. Ms. Zhang had also practiced as a senior auditor and tax consultant for many years in Jonten Certified Public Accountants (LLP). Her audit practices encompass a wide range of matters, including IPO, due diligence investigation, mergers and acquisitions. Ms. Zhang has solid work experience in the areas of real estate development in China, including financial management, internal control, tax planning, investment and fund raising.

Julian Lin

President and General Counsel

 

Year of Birth: 1970

Mr. Lin has served as our President and General Counsel since February 2018. Previously, Mr. Lin servied as our Chief Executive Officer from May 2017 to January 2018 and as a member of our Board of Directors from October 2017. Prior to joining Nam Tai, Mr. Lin has worked for more than five years as our chief external counsel where he gained familiarity with our business, operations and finance. Mr. Lin has been practicing as an attorney for more than 15 years and was previously a partner in one of the largest U.S. law firms in Hong Kong. His legal practice encompasses a broad range of capital markets, private equity, mergers and acquisitions. He has assisted many companies from the start-up, IPO, to post-IPO stages on matters such as the issuance of common and preferred shares, joint ventures, strategic alliances, employee incentive programs, international licensing and distribution arrangements, receivable financing, securitization, convertible bond, and depositary receipt offerings.

CONSULTANTS

M. K. Koo

Hong Kong, China

Year of Birth: 1944

Mr. Koo, is a founder of the Nam Tai Group. Mr. Koo has served Nam Tai in various senior executive and management positions since our inception, including responsibilities for corporate strategy, finance and administration. Mr. Koo received his Bachelor of Laws degree from National Taiwan University in 1970. Mr. Koo also received the Honorary Degree of Social Science from the City University of Hong Kong in November 2013.

Tadao Murakami

Tokyo, Japan

Year of Birth: 1944

Mr. Murakami has served Nam Tai in various executive and non-executive capacities since 1984. He became the Company’s Secretary and a Director in November 1989. In June 1989, he was appointed the Company’s President. Mr. Murakami assumed the position of Vice-Chairman in January 1996, and Chairman from September 1998 until February 2002, when he became a non-executive Chairman of the Board, until July 2005. Mr. Murakami graduated from Japan Electronic Technology College in 1964.