[NAM TAI 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.
Wins New Orders of LCD Modules for IP Phones from New Customer
VANCOUVER, CANADA -- March 28, 2005 -- Nam Tai Electronics, Inc. ("Nam Tai" or
the "Company") (NYSE Symbol: NTE) is pleased to announce that it has won orders
from a new customer, Inventec Multimedia & Telecom Corporation ("Inventec"), a
leading Taiwanese multi-national company, to produce LCD modules for its
Internet Protocol ("IP") phones. Inventec mainly develops and manufactures IP
terminals, digital still cameras, handheld multimedia PDAs and computer
peripheral products such as USB storage devices, MP3 players and other related
products.
IP phones may look and work like a phone, but it connects to the Internet or a
dedicated network in IP packets instead of dedicated voice transmission lines.
"It is very encouraging to once again win new customer orders for LCD products.
Taking advantage of the continuously increasing application of LCD products in
various industries, we believe that we are well positioned to grasp the numerous
opportunities in this booming LCD market, both by broadening our customer base
and expanding our business with existing customers on new products." said Mr.
Joseph Li, Chief Executive Officer of Nam Tai.
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 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 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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