Nam Tai Property announced that the restructured Board of Directors and new management have legally and completely taken control of the company's onshore Assets, and successfully resolved the outstanding disputes with KAISA GROUP (01638.HK) subsidiary Shun Fan (GSL) in Hong Kong, the British Virgin Islands, and Mainland China, reaching a Global settlement agreement. In addition, Nam Tai Group also reached a comprehensive settlement with Swiss Franc / UBS Group and WestRidge.

The CEO and Board Member Hu Bo stated that this is a positive milestone for the company, resolving all disputes with KAISA GROUP and Other stakeholders, allowing for a focus on Business operations, increasing investment in employees, building stronger relationships with local partners, and realizing the intrinsic value release of significant Assets.