VANCOUVER, CANADA -- March 19, 2007 -- Nam Tai Electronics, Inc. (“Nam Tai” or the “Company”) (NYSE Symbol: NTE) today announced that the Company has filed its 2006 Annual Report on Form 20-F, which includes its audited financial statements for its fiscal year ended December 31, 2006, with the United States Securities and Exchange Commission (“SEC”).
As a result of a change to Section 203.01 of the New York Stock Exchange Listed Company Manual, approved by the Securities and Exchange Commission on August 21, 2006, the NYSE requirement for a listed company to physically distribute an annual report to shareholders was eliminated, allowing a company to satisfy the annual financial statement distribution requirement by posting the annual report it is required to file with the SEC on or by a link through its corporate website and by delivering its complete audited financial statements, without charge, to any shareholder who requests it.
Nam Tai has posted its 2006 Annual Report on its website which can be accessed electronically at http://www.namtai.com/annual/06form20f.pdf. The Company will also deliver within a reasonable time after request a paper copy of its 2006 Annual Report, including its complete audited financial statements, free of charge, to any shareholder upon request. To request a paper copy please contact Mr. Lorne Waldman, President, Pan Pacific I.R. Ltd. by telephone at 1-800-661-8831, by e-mail at email@example.com or by written request to Pan Pacific I.R. Ltd., 1790 - 999 West Hastings Street, Vancouver, BC, Canada V6C 2W2, Re: 2006 Annual Report on Form 20-F.
“Nam Tai is pleased with the recent changes in the NYSE rules which allow Nam Tai, as a foreign private issuer, to realize cost savings and efficiencies of not having to physically distribute an annual report to each shareholder. More significantly, this change also reduces the environmental impact of having to physically print and mail copies to all our shareholders,” commented Mr. Warren Lee, Nam Tai’s Chief Executive Officer.
Annual Shareholders’ Meeting
The Company will hold its Annual Meeting of Shareholders at 11:30 a.m. (ET) on Friday, June 8, 2007 at The Peninsula New York, Tribeca Room, 3rd Fl, 700 Fifth Avenue at 55th St, New York, NY. The record date for voting is April 25, 2007.
The record date for the first quarter dividend of $0.21 per share is March 31, 2007 and the payment date is on or before April 21, 2007.
About Nam Tai Electronics, Inc.
We are an electronics manufacturing and design services provider to a select group of the world’s leading OEMs of telecommunications and consumer electronic products. Through our electronics manufacturing services operations, we manufacture electronic components and subassemblies, including LCD panels, LCD modules, RF modules, DAB modules, FPC subassemblies and image sensors modules and PCBAs for headsets containing Bluetooth wireless technology. These components are used in numerous electronic products, including mobile phones, laptop computers, digital cameras, electronic toys, handheld video game devices, and entertainment devices. We also manufacture finished products, including mobile phone accessories, home entertainment products and educational products. We assist our OEM customers in the design and development of their products and furnish full turnkey manufacturing services that utilize advanced manufacturing processes and production technologies.
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 codes 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 upon reliance on such information.