[NAM TAI LOGO] NEWS RELEASE
- --------------------------------------------------------------------------------
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 Record-Breaking Sales in Q1/05
* * * * *
Sales Up 64% vs Q1/04
VANCOUVER, CANADA - April 4, 2005 -- Nam Tai Electronics, Inc. ("Nam Tai" or the
"Company") (NYSE Symbol: NTE) is pleased to announce that it achieved a new
quarterly sales record of $156 million in the first quarter of 2005, an increase
of 64 % compared to sales of $95 million in the first quarter of 2004. The
notable growth of sales has even exceeded Nam Tai's first quarter upper sales
guidance of $155 million.
"It is particularly exciting to announce our impressive performance in the first
quarter of this year. Nam Tai's first quarter sales typically are seasonally the
lowest among other quarters in the year due to a long Chinese holiday in China
with the shortest working days and after the peak season of Christmas sales. We
are extremely happy to see that, despite this seasonal factor, the Company still
achieved such outstanding results in Q1/05 with a new quarterly sales record."
said Mr. Joseph Li, Chief Executive Officer of Nam Tai. "The substantial growth
in sales was mainly attributable to our new expanded production capacity
resulting from construction which has completed ahead of the schedule. Based on
continuous sales orders from existing customers and positive feedback from our
potential customers, we are optimistic and confident that our growth momentum
will continue into the second quarter and onward in 2005, bringing positive
returns to our shareholders as expected."
About Nam Tai Electronics, Inc.
- -------------------------------
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.
Page 1 of 1