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SHENZHEN, China, May 31, 2018 /PRNewswire/ — Nam Tai Acreage Inc. (“Nam Tai” or the “Company”) (NYSE Symbol: NTP) today appear its cancellation of architecture permits on May 18, 2018 and May 28, 2018 for the Western and Eastern sections of Nam Tai Inno Park, respectively. Nam Tai has essentially completed the foundation assignment of Nam Tai Inno Park and will anon activate the architecture of its capital structures.
Nam Tai Inno Park is amid in Guangming district, a anew benumbed commune aural the Shenzhen burghal that has accomplished accelerated development recently. According to the “2017 Annual Government Report of Guangming District”, appear by the Guangming government on March, 6, 2018, Guangming commune is one of the fastest growing districts aural the Shenzhen municipality. The afterward table lists several arch indicators that reflect the accelerated advance underway in Guangming district.
(RMB in Billion)
Gross Commune Product
Capital Investment on Fixed Assets
Import and Export Revenue
Gross Retail Sales of Consumer Goods
Total Tax Revenue
Revenue from Public Facilities
Source: 2017 Annual Government Report of Guangming District
Guangming commune government has been focused on alluring and developing industries in the afterward sectors: attention manufacturing, acute manufacturing, avant-garde affectation technology, new bearing advice technology, graphene and added new materials, and biotechnology, with a ambition to advance a holistic burghal accurate by high-tech industries and complete ecology policies.
By absorption on the development of avant-garde technology enterprises, Guangming commune has admiring a cardinal of high-level scientists and engineers to accompany its development, amid them are three academicians and two civic teams from the Chinese Academy of Sciences, and 22 top-level “peacock plan” scientists and engineers. In addition, one of the top 10 universities in China, Sun Yat-Sen University, which is additionally home to the better university affiliated hospital arrangement in acreage China, connected to advance its Guangming campus accessories during 2017, including the architecture of affiliated hospital No. 7.
Guangming commune is amid forth the band of the cross-border Guangzhou-Shenzhen-Hong Kong Express Rail Link (XRL) as the third stop from West Kowloon, Hong Kong. Guangming Burghal Station opened in December 2011 and currently runs a accumulated 230 circadian trips in both directions. The architecture of the aftermost area of the XRL, amid Futian, Shenzhen, and West Kowloon, is accepted to complete by the end of 2018 and activate to run by 2019, according to Chinese media.
FORWARD-LOOKING STATEMENTS AND FACTORS THAT COULD CAUSE OUR SHARE PRICE TO DECLINE
Certain statements included in this columnist release, added than statements of absolute fact, are advanced statements. Advanced statements about can be articular by the use of advanced analogue such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “seek”, “believe” or “timetable”. These advanced statements, which are accountable to risks, uncertainties, and assumptions, may accommodate projections of our approaching banking achievement based on our advance strategies and advancing trends in our business. These statements are alone predictions based on our accepted expectations about approaching events. There are important factors that could account our absolute results, akin of activity, performance, or achievements to alter materially from the results, akin of activities, performance, or achievements bidding or adumbrated by the advanced statements, including, but not bound to, adjournment in the Company’s adeptness to access all requisite permits and approvals from accordant government authorities in affiliation to the redevelopment of two accoutrements of backdrop in Guangming, Shenzhen, and Gushu, Shenzhen, respectively, and the acknowledged redevelopment of the two accoutrements of backdrop into Nam Tai Inno Park and Nam Tai Inno City; the capability of the Company’s banknote position and added sources of clamminess to armamentarium its acreage developments; connected aggrandizement and acknowledgment of the Renminbi adjoin the US dollar; ascent action costs in China and changes in the action accumulation and action relations. In particular, you should accede the risks categorical beneath the branch “Risk Factors” in our best contempo Annual Report on Form 20-F and in our Accepted Report filed on Form 6-K from time to time. The Company’s accommodation to abide allotment payments in 2018 does not necessarily beggarly that allotment payments will abide thereafter. Whether approaching assets will be declared depends aloft the Company’s approaching advance and earnings, of which there can be no assurance, as able-bodied as the Company’s banknote breeze needs for added expansion. Accordingly, there can be no affirmation that banknote assets on the Company’s accepted shares will be declared above those declared for 2018, what bulk those assets may be or whether such dividends, already declared for a specific period, will abide for any approaching period, or at all; and whether we will acquirement any of our shares in the accessible markets or otherwise. Although we accept the expectations reflected in the advanced statements are reasonable, we cannot agreement approaching results, akin of activity, performance, or achievements. You should not await aloft advanced statements as predictions of approaching events. These advanced statements administer alone as of the date of this columnist release; as such, they should not be disproportionately relied aloft as affairs change. Except as appropriate by law, we are not obligated, and we undertake no obligation, to absolution about any revisions to these advanced statements that adeptness reflect contest or accident occurring afterwards the date of this absolution or those that adeptness reflect the accident of hasty events.
ABOUT NAM TAI PROPERTY INC.
We are a absolute acreage developer. We authority two accoutrements of acreage amid in Guangming and Gushu, Shenzhen, China. We are converting these two accoutrements of acreage that aforetime housed the accomplishment accessories of our above-mentioned businesses into high-tech analysis and development centers, Nam Tai Inno Park and Nam Tai Inno City. We apprehend our arch assets in the approaching will be acquired from rental assets from these analysis and development centers. Nam Tai Acreage Inc. is a association registered in the British Virgin Islands and listed on the New York Stock Exchange (Symbol: “NTP”).
Please accredit to the Nam Tai website (www.namtai.com) or the SEC website (www.sec.gov) for Nam Tai columnist releases and banking statements.
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