TCL Classic Golf Tournament

VANCOUVER, CANADA -- October 22, 2002 -- Nam Tai Electronics, Inc. (“Nam Tai” or the “Company”) (NASDAQ/NM Symbol: NTAI and NTAIW) announced that Nam Tai is one of the major sponsors of the TCL Classic Golf Tournament 2002 to be held from November 14, 2002 to November 17, 2002, at Harbour Plaza Golf Club, Dongguan, Guangdong, The People’s Republic of China. TCL Corporation is the title sponsor and the other co-sponsors include Epson, Philips, China Agriculture Bank and Wavecom. The prize money for the TCL Classic Golf Tournament is $1 million and leading star golfers like John Daly and Colin Montgomerie will be competing in the tournament. It is intended that the TCL Classic Golf Tournament develops into Asia’s premier golf tournament.

The tournament will receive extensive media coverage, including live television broadcast on CNBC Asia and Europe. “Nam Tai is pleased to have the opportunity to sponsor the TCL Classic Golf Tournament with other leading manufacturers and EMS providers in the manufacturing of mobile phones and components”, said Mr. Tadao Murakami, Nam Tai’s Chairman. “Nam Tai manufactures LCD modules, a key component for mobile phones, and has started a new line of business manufacturing radio frequency, or RF, modules, also a key component for mobile phones. The sponsorship of the TCL Classic Golf Tournament definitely marks a closer association between Nam Tai and the mobile phone industry.”

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 both for mobile phones, transformers and LCD panels. The Company utilizes 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.