Nam Tai Property Inc. announced the grand opening of Nam Tai Inno Park at its brand launching event as a part of the Tech Empowerment Greater Bay Area – Technology and Industry Development Summit held on September 10, 2020 at Guangming Community Sports Center. At the event, Nam Tai hosted a ceremony with corporate tenants and business partners. Guests included Taihang Automobiles, Mornsun Electronics, Yihong Technology, as well as Harbin Institute of Technology (Shenzhen), Bank of China and Cowin Capital, among others. To date, the Park has attracted around 30 corporate tenants in various tech fields under its pre-leasing program. The opening of the Park marks the first project launched to the market in Nam Tai's portfolio and highlights the progress the Company is making on its strategy to be a leading operator of technology parks. Nam Tai is committed to providing the safest, high quality mixed-use technology and industrial spaces. The Company is also committed to differentiated development strategies, integrated industrial operation system, tech innovations and development opportunities that will create long-term value for its shareholders. Nam Tai Inno Park is located in the central area of Guangming District, Shenzhen, with a gross floor area of approximately 330,000 square meters, encompassing five industrial office buildings, two business service centers and three talent dormitories. The office buildings and dormitories are under renovation to be delivered in batches from the third quarter of 2020. The Park is building a "3+4+5" industrial service system to empower enterprises in aspects of technology, incubation, talent, finance, and intelligence. As part of the development project, Nam Tai and Harbin Institute of Technology (Shenzhen) established a "Big Data and Artificial Intelligence Public Service Center" to jointly provide an intelligent ecological environment for enterprises. The Park will continue to promote regional economic development and tech innovation by providing high-quality industrial spaces and service systems.