[NAM TAI LOGO] [NTE LISTED NYSE logo] NEWS RELEASE
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Represented by PAN PACIFIC I.R. LTD. Contact: Lorne Waldman
1790 - 999 WEST HASTINGS STREET President
VANCOUVER, BC, CANADA V6C 2W2 E-MAIL: shareholder@namtai.com
TEL: (604) 669-7800 FAX: (604) 669-7816 WEB: www.namtai.com
TOLL FREE TEL/FAX: 1-800-661-8831
NAM TAI ELECTRONICS, INC.
New Monthly Sales Record of $58.5 Million in January 2005
VANCOUVER, CANADA - February 2, 2005 -- Nam Tai Electronics, Inc. ("Nam Tai" or
the "Company") (NYSE Symbol: NTE; CBOE Symbol: QNA; Frankfurt Stock Exchange
Symbol: 884852) is pleased to announce that it achieved a new monthly sales
record of $58.5 million in January 2005. This is an 6.4% increase over the
previous single month sales record of $55 million in December 2004 just
announced recently.
Sales growth was mainly driven by the continued strong demand for existing
products by Nam Tai's customers.
"We are very pleased to see the continuous growth of our sales results and two
consecutive months of breaking monthly sales records. This outstanding sales
performance in the first month of 2005 marks a good beginning to this new year,"
said Mr. Joseph Li, Chief Executive Officer of Nam Tai. "This also demonstrates
the Company has the ability to grow even in such a competitive market
environment. With our strong financial position and further expansion of our
business operations, as well as significant contributions and excellent
performance from our new management team, we are well-equipped to seize more
business opportunities and enhance our sales revenues in the coming future."
Fourth Quarter Results and Analysts Conference Call
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The Company will release its unaudited fourth quarter results for the period
ended December 31, 2004 on Monday, February 7, 2005 at 9:00 a.m., Eastern Time.
An analyst conference call will be held on Monday, February 7, 2005 at 10:00
a.m., Eastern Time for analysts to discuss the fourth quarter results with
management. Analysts who wish to receive the toll free dial-in number for this
conference call are invited to contact the Investor Relations Office at
1-800-661-8831 no later than 6:00 p.m. Eastern Time on Friday, February 4, 2005.
Shareholders, media, and interested investors may listen to the live conference
call over the Internet by going to www.namtai.com and clicking on the conference
call link or over the phone by dialing (651) 291-0900 just prior to its start
time. Users will be asked to register with the conference call operator.
About Nam Tai Electronics, Inc.
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We are an electronics manufacturing and design services provider to original
equipment manufacturers of telecommunications and consumer electronic products.
Through our electronics manufacturing services operations, we manufacture
electronic components and subassemblies, including LCD panels, LCD modules,
radio frequency modules, flexible printed circuit sub-assemblies and image
sensors. These components are used in numerous electronic products, including
cellular phones, laptop computers, digital cameras, copiers, fax machines,
electronic toys, handheld video game devices and microwave ovens. We
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also manufacture finished products, including cellular phones, palm-sized PCs,
personal digital assistants, electronic dictionaries, calculators and digital
camera accessories for use with cellular phones.
Nam Tai has two Hong Kong listed subsidiaries, Nam Tai Electronic & Electrical
Products Limited ("NTEEP") and J.I.C. Technology Company Limited ("JIC").
Interested investors may go to the website of The Stock Exchange of Hong Kong at
www.hkex.com.hk to obtain the information. The stock code of NTEEP and JIC in
The Stock Exchange of Hong Kong are the 2633 and 987 respectively. Investors are
reminded to exercise caution when assessing such information and not to deal
with the shares of the Company based solely on reliance of such information. The
results of NTEEP and JIC only represent a part of the results of the Company and
there are GAAP differences in the financial statements of NTEEP and JIC, when
compared with the financial statements of the Company. Furthermore, different
subsidiaries of the Company may have a different peak season during a year.
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