VANCOUVER, CANADA -- February 13, 2001 -- Nam Tai Electronics, Inc. (“Nam Tai” or the “Company”) (NASDAQ/NM Symbol: NTAI and NTAIW) today announced that for the eighth consecutive year it is increasing its dividend. The annual dividend will increase to $0.40 per share for 2001 up from $0.36 per share in 2000. The Company will pay quarterly dividends of $0.10 per share commencing with the first quarter dividend to be paid on or before April 21, 2001 to shareholders of record at the close of business on April 1, 2001.
Annual General Meeting Record Date
The Company will hold its Annual Shareholders Meeting on Friday, June 22, 2001 at 11:30 a.m. in San Francisco, California. The record date is May 1, 2001.
Fourth Quarter Results Analyst Conference Call Replay
Shareholders, media, and interest investors who were not able to listen to yesterday’s Fourth Quarter Results Analyst Conference Call are invited to listen to a replay of the call over the internet by clicking http://www.videonewswire.com/NAM/021201/.
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, smart card readers 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 and anisotropic conductive film (“ACF”) heat seal technology. Further information is available on Nam Tai’s web-site at www.namtai.com.