New Transfer Agent

VANCOUVER, CANADA -- December 30, 2002 -- Nam Tai Electronics, Inc. (“Nam Tai” or the “Company”) (NASDAQ/NM Symbol: NTAI; CBOE Symbol: QNA) today announced that it has appointed Registrar and Transfer Company as its new transfer agent, registrar, and dividend agent. This change is effective as of December 30, 2002. Registrar and Transfer Company was formed in 1899 and is headquartered in Cranford, New Jersey. It has significant experience in all aspects of securities processing.

Shareholders seeking information regarding stock transfer, lost certificates, address changes, registration of shares to reflect a change of name or gift of stock, and dividend payments may contact Registrar and Transfer Company by letter or phone call to the following address:

Registrar and Transfer Company
10 Commerce Dr.
Cranford, New Jersey 07016-3572
Telephone: 1-800-368-5948
E-mail: info@rtco.com
Internet address: www.rtco.com

Nam Tai would like to express its deep thanks to its previous transfer agent, U.S. Stock Transfer Corporation, based in Glendale California, for many years of excellent and loyal service.

Dividend Reminder

The Company will pay the regular fourth quarter dividend of $0.12 per share to shareholders of record at the close of business on December 31, 2002 with a payment date of January 21, 2003.

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 and RF modules for cellular phones, transformers and LCD panels. The Company utilises advanced production technologies such as chip on board (COB), chip on glass (COG), chip on film (COF), 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 web site at www.namtai.com.