Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
- Peter Lynch
What is insider trading>>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Nam Tai Property Inc.
(Name of Issuer)
Common Shares, par value US$0.01 per share
(Title of Class of Securities)
629865205
(CUSIP Number)
Deutsche Bank AG
c/o Deutsche Bank AG, Hong Kong Branch
Level 52, International Commerce Centre
1 Austin Road, West Kowloon, Hong Kong
Maria Chang, Jessie Liu, Nathalie Leung
+852 2203 8660
Cosimo Borrelli
c/o D&P China (HK) Limited (trading as Kroll)
Level 3, Three Pacific Place
1 Queen?s Road East, Hong Kong
+852 3761 3888
Tai Shaw Hoong
c/o D&P China (HK) Limited (trading as Kroll)
Level 3, Three Pacific Place
1 Queen?s Road East, Hong Kong
+852 3761 3888
Kent McParland
c/o Kroll Advisory (BVI) Limited
3rd Floor, Commerce House,
P.O. Box 3339, Road Town Tortola, British Virgin Islands
+1 284 340 2532
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
with a copy to:
DLA Piper Hong Kong
25th Floor, Three Exchange Square
8 Connaught Place
Central, Hong Kong
China
Attention: Mark Fairbairn
+852-2103-0808
December 3, 2021
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D,
and is filing this schedule because of ??240.13d-1(e), 240.13d-1(f)
or 240.13d-1(g), check the following box. ?
Note: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See ?
240.13d-7 for other parties to whom copies are to be sent.
13D
Page 1 of 8
NAMES OF REPORTING PERSONS
1
Deutsche Bank AG
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ?
2
(b) ?
3
SEC USE ONLY
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(D) OR 2(E)?
6
CITIZENSHIP OR PLACE OF ORGANIZATION
Federal Republic of Germany
7
SOLE VOTING POWER
NUMBER OF
0
SHARED VOTING POWER
SHARES
8
BENEFICIALLY
9,191,150
OWNED BY
SOLE DISPOSITIVE POWER
EACH
9
REPORTING
0
PERSON WITH
10
SHARED DISPOSITIVE POWER
9,191,150
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,191,150
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE
?
12
INSTRUCTIONS)
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 23.4% (1)
14
TYPE OF REPORTING PERSON
BK, OO
(1) Calculated based on 39,197,991 Common Shares of the Issuer outstanding
as of October 5, 2020
13D
Page 2 of 8
NAMES OF REPORTING PERSONS
1
Cosimo Borrelli
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ?
2
(b) ?
3
SEC USE ONLY
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(D) OR 2(E)
?
6
CITIZENSHIP OR PLACE OF ORGANIZATION
Australia
7
SOLE VOTING POWER
NUMBER OF
0
SHARED VOTING POWER
SHARES
8
BENEFICIALLY
9,191,150
OWNED BY
SOLE DISPOSITIVE POWER
EACH
9
REPORTING
0
PERSON WITH
10
SHARED DISPOSITIVE POWER
9,191,150
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,191,150
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE
?
12
INSTRUCTIONS)
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 23.4% (1)
14
TYPE OF REPORTING PERSON
OO
(1) Calculated based on 39,197,991 Common Shares of the
Issuer outstanding as of October 5, 2020 ?
13D
Page 3 of 8
NAMES OF REPORTING PERSONS
1
Tai Shaw Hoong
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ?
2
(b) ?
3
SEC USE ONLY
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)?
6
CITIZENSHIP OR PLACE OF ORGANIZATION
Malaysia
7
SOLE VOTING POWER
NUMBER OF
0
SHARED VOTING POWER
SHARES
8
BENEFICIALLY
9,191,150
OWNED BY
SOLE DISPOSITIVE POWER
EACH
9
REPORTING
0
PERSON WITH
10
SHARED DISPOSITIVE POWER
9,191,150
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,191,150
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE
?
12
INSTRUCTIONS)
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 23.4% (1)
14
TYPE OF REPORTING PERSON
OO
(2) Calculated based on 39,197,991 Common Shares of the Issuer outstanding as
of October 5, 2020?
13D
Page 4 of 8
NAMES OF REPORTING PERSONS
1
Kent McParland
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ?
2
(b) ?
3
SEC USE ONLY
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(D) OR 2(E)?
6
CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
7
SOLE VOTING POWER
NUMBER OF
0
SHARED VOTING POWER
SHARES
8
BENEFICIALLY
9,191,150
OWNED BY
SOLE DISPOSITIVE POWER
EACH
9
REPORTING
0
PERSON WITH
10
SHARED DISPOSITIVE POWER
9,191,150
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,191,150
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE
?
12
INSTRUCTIONS)
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 23.4% (1)
14
TYPE OF REPORTING PERSON
OO
(3) Calculated based on 39,197,991 Common Shares of the Issuer outstanding
as of October 5, 2020
13D Page 5 of 8
Item 1. Security and Issuer
This statement on Schedule 13D (this Statement) relates to
common shares, par value US$0.01 per share (the Common Shares), of
Nam Tai Properties, a company incorporated in the British Virgin
Islands (the Issuer). The Issuers address is
Nam Tai Estate, No. 3 Namtai Road, Gushu Community,
Xixiang Township, Baoan District, Shenzhen City,
Guangdong Province, Peoples Republic of China.
Item 2. Identity and Background
(a) This Statement is being filed on behalf of
Deutsche Bank AG (DB AG), Cosimo Borrelli, Tai Shaw Hoong and Kent
McParland (together with DB AG, each a ?Reporting Person? and
collectively the Reporting Persons), and relates to Common Shares
that were acquired pursuant to the enforcement of the Share Charge
(as defined below). The securities acquired by DB AG covered in
this Statement were acquired through the Hong Kong Branch of DB AG,
which is licensed by the Hong Kong Monetary Authority and the
London Branch of DB AG, which is licensed by the United Kingdom banking
authority. The Reporting Persons are deemed as beneficial
owners of the securities covered in this Statement because having
been instructed by the Majority Lenders (as defined below), they have
the right to vote or dispose of such securities. However, the legal
ownership of such securities remain with Greater Sail (as defined below).
(b) The address of the principal business office of DB AG is:
Deutsche Bank AG
Taunusanlage 12
Frankfurt Am Main D-60325
Germany
The addresses of other Reporting Persons are:
Cosimo Borrelli and Tai Shaw Hoong
c/o D&P China (HK) Limited (trading as Kroll)
Level 3, Three Pacific Place
1 Queen?s Road East, Hong Kong
Kent McParland
c/o Kroll Advisory (BVI) Limited
3rd Floor, Commerce House,
P.O. Box 3339, Road Town Tortola,
British Virgin Islands
(c) DB AG offers a wide variety of investment, financial and
related products and services to private individuals, corporate
entities and institutional clients around the world. Information
concerning each executive officer, director and controlling person (the ?DB
Listed Persons?) of the Reporting Person is listed on Schedule I attached
hereto, and is incorporated by reference herein. To the knowledge of the
Reporting Persons, the citizenship of the Listed Persons is as specified
on Schedule I hereto.
Cosimo Borrelli is a director at D&P China (HK) Limited
(?Kroll?), whereas Tai Shaw Hoong and Kent McParland are employed under Kroll
with a title of managing director and Kroll Advisory (BVI) Limited with a
title of director respectively. Kroll provides services and digital
products related to valuation, governance, risk and transparency, and
works with clients across diverse sectors in the areas of valuation,
expert services, investigations, cyber risk, corporate finance, security,
restructuring, legal and business solutions, data analytics, due diligence
and regulatory compliance
(d) & (e) Other than as set forth on Schedule II, during
the last five years, the DB AG has not, and to the best of its knowledge,
none of the DB Listed Persons have been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors) or was
a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which such person was or is subject
to a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities
laws, or finding any violation with respect to such laws.
None of Cosimo Borrelli, Tai Shaw Hoong and Kent McParland have
been convicted in a criminal proceeding (excluding traffic violations
or similar misdemeanors) or was a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction as a result
of which such person was or is subject to a judgment, decree or final
order enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws, or finding
any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration
Kaisa Group Holdings Limited (Kaisa), a Cayman Islands company, entered into
an amended and restated facility agreement with Deutsche Bank AG, Hong Kong
Branch (acting as the lead arranger and sole coordinator, agent,
security agent, account bank and calculation agent) on December 24, 2019,
which replaces the original facility dated December 20, 2017
(the Facility Agreement). Pursuant to the Facility Agreement, the Lenders
granted a loan in a maximum principal amount of US$120 million to Kaisa.
13D Page 6 of 8
As collateral for Kaisas obligations under the Facility Agreement,
Greater Sail Limited, a wholly-owned subsidiary of Kaisa and a
British Virgin Islands company (Greater Sail) granted to Deutsche Bank AG,
Hong Kong Branch, as the security agent (the Security Agent)
a first ranking charge on all of the Common Shares then held by Greater Sail
in the Issuer (Initial Pledged Shares) and any additional
Common Shares Greater Sail may acquire in the future in respect of the
Initial Pledged Shares (the Pledged Shares) pursuant to a security
deed dated December 27, 2019, between Greater Sail and Deutsche Bank AG,
Hong Kong Branch (the Security Deed). The Pledged
Shares constitutes 9,191,150 Common Shares. The Pledged Shares are
provided as collateral for Kaisas obligations under the Facility
Agreement on a non-recourse basis.
The Pledged Shares were deposited into a securities account with
Deutsche Bank Trust Company Americas, an affiliate of DB AG
(the Depositary), pursuant to a cash and securities deposit agreement.
In addition, the disposal of the Pledged Shares are subject to an
account control agreement among Greater Sail, DB AG and the Depositary
(the Account Control Agreement).
On November 5, 2021, the Deutsche Bank AG, Hong Kong Branch, as
the agent of the Lenders (the Agent), issued a letter notice
declaring that an event of default as defined under the Facility Agreement
has occurred and an acceleration declaring all of the outstanding
loans and all other amounts owed to the Lenders immediately due and
payable. On December 3, 2021, DB AG, in its capacity as the
Security Agent, appointed Cosimo Borrelli, Tai Shaw Hoong and Kent McParland
as receivers to assist in taking control and realizing the
collateral under the Facility Agreement, including the Pledged Shares.
Item 4. Purpose of Transaction
The Reporting Persons may hold or dispose of the Pledged Shares
at its discretion, including on the public market, as repayment of
the outstanding loan amount and satisfaction of other obligations under
the Facility Agreement. Except as disclosed in this Statement, and in
connection with the Facility Agreement referenced above, the Reporting
Persons do not have any present plans or proposals that relate to, or
would result in, any of the results described in subparagraphs
(a) through (j) of Item 4 of Schedule 13D.
Except as disclosed in this Statement, the Reporting Persons
have no present intention to further acquire securities of the Issuer;
provided, however, the Reporting Person intend to review their investment
on a regular basis and, may determine at any time or from time to
time, either alone or as part of a group:
to acquire additional securities of the Issuer through open
market purchases, privately negotiated transactions, or otherwise,
to dispose of all or a portion of the securities of the Issuer
beneficially owned in the open market, privately negotiated
transactions, or otherwise, or
to take any other available course of action which may involve
one or more of the transactions described in subparagraphs (a)
through (j) of Item 4 of Schedule 13D or have the results described
in those subparagraphs.
Notwithstanding anything in this Statement to the contrary,
the Reporting Persons specifically reserve the right to change their
intention with respect to any and all matters disclosed or referenced
herein. In reaching any decision with respect to any course of action,
the Reporting Persons expect to take into consideration a variety of
factors including, but not limited to, the Issuer?s business and prospects,
other business opportunities available to the Reporting Persons, changes
in applicable laws and regulations, general economic conditions,
worldwide money and equity market conditions (including the market
price of the securities of the Issuer), tax considerations, and any other
factors deemed relevant.
Item 5. Interest in Securities of the Issuer
(a) and (b)
The responses of the Reporting Person to Rows (7) through (13)
of the cover pages and the information set forth in Item 2 of this
Statement are incorporated herein by reference.
DB AG and the other Reporting Persons may be deemed to
beneficially own 9,191,150 Common Shares, representing
approximately 23.4% of the total outstanding Common Shares of the
Issuer and 23.4% of the total voting power.
The percentages above are calculated based on the total
number of 39,197,991 Common Shares outstanding as of October 5, 2020
Each holder of Common Shares is entitled to one vote per share.
?
13D Page 7 of 8
In accordance with Securities and Exchange Commission
Release No. 34-395538 (January 12, 1998) (the Release), this filing
reflects the Common Sh
ares beneficially owned by certain operating
units (collectively, the DB Reporting Units) of Deutsche Bank AG and
its subsidiaries and affiliates (collectively, the DB Group).
This filing does not reflect any Common Shares, if any, beneficially
owned by any operating units of the DB Group, whose ownership of
securities is disaggregated from that of the DB Reporting Units in
accordance with the Release. The DB Reporting Units disclaim
beneficial ownership of the securities beneficially owned by
(i) any client accounts with respect to which the DB Reporting Units
or their respective employees have voting or investment discretion,
or both, and (ii) certain investment entities of which the DB Reporting
Units act as the general partner, managing general partner or other
manager, to the extent interests in such
entities are held by persons other than the DB Reporting Units.
(c)
Except as described in Item 4 which is incorporated herein
by this reference, during the past 60 days no Reporting Person has
effected any transactions in Common Shares.
(d)
If dividends from, and proceeds from the sale of the Shares
beneficially owned by the Reporting Person exceeds the amounts due to
the Reporting Person under the Facility Agreement, the right to
receive such excess dividends or proceeds is held by other persons
to whom the Security Agent may be obliged to pay, and following
the satisfaction of such payments, Greater Sail.
(e)
Not Applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer
The information disclosed under Items 3, 4, and 5 is
incorporated by reference into this Item 6. The agreements listed
as exhibits to this Schedule 13D are further incorporated by
reference herein.
Except as described above, to the best knowledge of the
Reporting Persons, there are no contracts, arrangements,
understandings, or relationships (legal or otherwise) between
any Reporting Person and any person with respect to any securities
of the Issuer including, but not limited to, the transfer or
voting of any of the securities, finder?s fees, joint ventures,
loan or option arrangements, puts or calls, guarantees of
profits, division of profits or loss or the giving or withholding
of proxies.
Item 7. Materials to be Filed as Exhibits
1. Joint Filing Agreement.
2. Security Deed between Greater Sail Limited and
Deutsche Bank AG, Hong Kong Branch, as security agent.
3. Account Control Agreement between Greater Sail
Limited and Deutsche Bank Trust Company Americas, as securities intermediary.
4. Cash and Securities Deposit Agreement between
Greater Sail Limited and Deutsche Bank Trust Company Americas, as depositary.
5. Deed of Appointment between Deutsche Bank AG,
Hong Kong Branch, and Cosimo Borrelli, Tai Shaw Hoong and Kent McParland.
13D Page 8 of 8
SIGNATURES
After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in this statement is
true, complete and correct.
Date: December 13, 2021
Deutsche Bank AG
By:
/s/
Name:
Title:
Cosimo Borrelli
/s/
Tai Shaw Hoong
/s/
Kent McParland
/s/
13D
SCHEDULE I
EXECUTIVE OFFICERS AND DIRECTORS OF REPORTING PERSONS
The following sets forth the name and present principal
occupation of each executive officer and board member
of Deutsche Bank AG. The business address of each of the
executive officers and directors of Deutsche Bank AG is
Taunusanlage 12 Frankfurt Am Main D-60325, Germany.
Name
Position with Deutsche
Bank AG
Principal Occupation/Citizenship
Christian Sewing
Chief Executive Officer
Chief Executive Officer, Management Board Member and
responsible for Corporate Bank and Investment Bank
German
Karl von Rohr
President
President, Management Board Member, responsible for Private Bank
and Asset Management, responsible for Germany and Europe,
Middle East and Africa
German
Fabrizio Campelli
Chief Transformation Officer
Chief Transformation Officer, Management Board Member and
responsible for Human Resources
United Kingdom, Italian
Frank Kuhnke
Chief Operating Officer
Chief Operating Officer, Management Board Member and
responsible for Capital Release Unit
German
Bernd Leukert
Chief Technology, Data and
Innovation Officer
Chief Technology, Data and Innovation Office, Management Board
Member and responsible for Technology, Data and Innovation
German
Stuart Lewis
Chief Risk Officer
Chief Risk Officer, Management Board Member and responsible for
Compliance, Anti-Financial Crime and the Business Selection and
Conflicts Office
United Kingdom
James von Moltke
Chief Financial Officer
Chief Financial Officer, Management Board Member
Australian, German
Alexander von zur Muhlen
Chief Executive Officer Asia Pacific
Chief Executive Officer for the Asia Pacific region and Management
Board Member
German
Christiana Riley
Chief Executive Officer Americas
Chief Executive Officer for the Americas and Management Board
Member
American
Stefan Simon
Chief Administrative Officer
Chief Administrative Officer, Management Board Member and
responsible for Government and Regulatory Affairs and Legal and
Governance.
German
Dr. Paul Achleitner
Chairman of the Supervisory Board
Chairman of the Supervisory Board of Deutsche Bank
Aktiengesellschaft
Austrian
Detlef Polaschek
Deputy Chairman of the Supervisory
Board
Deputy Chairman of the Supervisory Board of Deutsche Bank AG
and
Member of the General Staff Council of Deutsche Bank
German
Ludwig Blomeyer-Bartenstein
Spokesperson of the Management
Spokesperson of the Management and Head of the Market Region
Bremen of Deutsche Bank AG
German
Frank Bsirske
Supervisory Board Member
Former Chairman of the trade union ver.di
German
Mayree Clark
Supervisory Board Member
Founder and Managing Partner of Eachwin Capital
American
Jan Duscheck
Supervisory Board Member
Head of national working group Banking, trade union ver.di
German
Gerhard Eschelbeck
Supervisory Board Member
Chief Information Security Officer of Aurora Innovation, Inc.
Austrian, American
Sigmar Gabriel
Supervisory Board Member
Former German Federal Government Minister
German
Timo Heider
Supervisory Board Member
Chairman of the General Staff Council of BHW Bausparkasse
AG/Postbank Finanzberatung AG, Chairman of the General Staff
Council of PCC Services GmbH der Deutschen Bank, Chairman of
the Staff Council of BHW Bausparkasse AG, PCC Services GmbH
der Deutschen Bank, Postbank Finanzberatung AG and BHW
Holding GmbH, and Deputy Chairman of the Group Staff Council of
Deutsche Bank AG
German
Martina Klee
Supervisory Board Member
Deputy Chairperson of the Staff Council PWCC Center Frankfurt of
Deutsche Bank
German
Henriette Mark
Supervisory Board Member
Member of the Staff Council Southern Bavaria, of the General Staff
Council and of the Group Staff Council of Deutsche Bank
German
Gabriele Platscher
Supervisory Board Member
Chairperson of the Staff Council Niedersachsen Ost of Deutsche
Bank
German
Bernd Rose
Supervisory Board Member
Chairman of the General Staff Council of Postbank Filialvertrieb AG,
Member of the Group Staff Council of Deutsche Bank, Member of
the European Staff Council of Deutsche Bank
German
Gerd Alexander Schutz
Supervisory Board Member
Chairman of the Management Board, C-QUADRAT Investment
Aktiengesellschaft
Austrian
John Alexander Thain
Supervisory Board Member
Former Chairman and Chief Executive Officer, CIT Group Inc.
American
Michele Trogni
Supervisory Board Member
Operating Partner of Eldridge Industries LLC
United Kingdom
Dr. Dagmar Valcarcel
Supervisory Board Member
Supervisory Board Member, Former Chair of the Management
Board, Andbank Asset Management Luxembourg S.A., Luxembourg
German, Spanish
Stefan Viertel
Supervisory Board Member
Head of Institutional Cash Sales & Client Management (& ACO)
Hungary, Deutsche Bank AG, Member of the General Staff Council,
Staff Council Representative of the Corporate Bank and Investment
Bank, Deutsche Bank AG
German
Dr. Theodor Weimer
Supervisory Board Member
CEO, Deutsche Borse AG
German
Prof. Dr. Norbert Winkeljohann
Supervisory Board Member
Self-employed corporate consultant, Norbert Winkeljohann
Advisory & Investments
German
SCHEDULE II
LITIGATION SCHEDULE
Deutsche Bank AG has been involved in a number of proceedings which
concern matters arising in connection with the conduct of its
business. Certain of such proceedings have resulted in findings of
violations of federal or state securities laws. Such proceedings are
reported and summarized in (i) Deutsche Bank AG?s annual reports on
Form 20-F and periodic reports on Form 6-K filed with the SEC, and
(ii) in other regulatory reports, which descriptions are hereby
incorporated by reference.
EXHIBIT 99.1
AGREEMENT AS TO A JOINT FILING OF SCHEDULE 13D
In accordance with Rule 13d-1(k) under the Securities
Exchange Act of 1934, as amended, the undersigned agree that
(1) only one statement containing the information required by
Schedule 13D and any further amendments thereto need to be filed
with respect to the beneficial ownership by each of the undersigned
of shares of common shares of Nam Tai Property Inc., a British
Virgin Islands company and (2) this Joint Filing Agreement may be
included as an exhibit to the Schedule 13D, provided that, as
contemplated by Section 13d-1(k)(1)(ii), no person will be responsible
for the completeness or accuracy of the information concerning the
other persons making the filing unless such person knows or has reason
to believe that such information is inaccurate. This Joint Filing
Agreement may be executed in any number of counterparts, all of which
taken together will constitute one and the same instrument.
Date: December 13, 2021
Deutsche Bank AG
By:
/s/
Name:
Title:
Cosimo Borrelli
/s/
Tai Shaw Hoong
/s/
Kent McParland
/s/