To Release Q2/02 Results on July 29, 2002

VANCOUVER, CANADA -- July 8, 2002 -- Nam Tai Electronics, Inc. (“Nam Tai” or the “Company”) (NASDAQ/NM Symbol: NTAI and NTAIW; CBOE Symbol: QNA) today announced it will release its unaudited second quarter results for the period ended June 30, 2002 before the market opens on Monday, July 29, 2002.

The Company will hold a conference call on Monday, July 29, 2002 @ 10:00 a.m. Eastern Time for analysts to discuss the second quarter results with management. Analysts who wish to receive the toll free dial-in number for this conference call are invited to contact the Investor Relations Office at 1-800-661-8831 no later than 6:00 p.m. Eastern Time on Friday, July 26, 2002.

Shareholders, media, and interested investors are invited to listen to the live conference call by dialing (612) 332-0923 or on the internet at http://www.namtai.com/news/news.htm.

Dividends

On July 21, 2002 the Company will pay its second quarter dividend of $0.12 per share to shareholders of record at the close of business on June 30, 2002. The record date for the third quarter dividend of $0.12 per share is September 30, 2002 and the payment date is October 21, 2002.

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, 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.