VANCOUVER, CANADA -- June 22, 2001 -- Nam Tai Electronics, Inc. (“Nam Tai” or the “Company”) (NASDAQ/NM Symbol: NTAI and NTAIW; CBOE Symbol: QNA) today held its annual meeting of shareholders in San Francisco where shareholders approved the election of the nominated slate of directors. Nam Tai's newly appointed Chief Executive Officer, Mr. Toshiaki Ogi’s name, at his request, was withdrawn from the slate of director nominees as he would wish a full year to show his contribution to the Company before becoming a director. Shareholders also approved the adoption of the Company's 2001 Stock Option Plan.
Second Quarter Dividend
Nam Tai will pay its second quarter dividend of $0.10 per share on or before July 21, 2001 to shareholders of record at the close of business on July 1, 2001.
Nam Tai Electronics, Inc. is an electronics design and manufacturing service provider to some of the world’s leading original equipment manufacturers. Nam Tai manufactures telecommunication products, palm-sized PCs, personal digital assistants, linguistic products, calculators and various components including LCD modules for cellular phones, lithium ion rechargeable battery packs, transformers and LCD panels. The Company utilises advanced production technologies such as chip on board (COB), chip on glass (COG), surface mount technology (SMT), ball grid array (BGA), tape automated bonding (TAB), and outer lead bonding (OLB) technologies. Further information is available on Nam Tai’s website at www.namtai.com.