New Customer Order for CMOS Image Sensor Modules

VANCOUVER, CANADA -- October 29, 2003 -- Nam Tai Electronics, Inc. (“Nam Tai” or the “Company”) (NYSE Symbol: NTE; CBOE Symbol: QNA) today announced it has received orders from Appeal Telecom Co., Ltd. (“Appeal Telecom”), to manufacture CMOS image sensor modules. Appeal Telecom is a Korean-based provider of CDMA mobile handsets and one of the major ODM partners of Motorola.

“Besides manufacturing CMOS image sensor modules for OmniVision, we are very pleased to be granted an opportunity to manufacture CMOS image sensor modules for Appeal Telecom. This new order not only demonstrates that customers have recognized Nam Tai's manufacturing technology and capability, it also marks Nam Tai’s penetration into the Korean electronic manufacturing market,” said Mr. Tadao Murakami, Chairman of Nam Tai. “In view of the market demand for products with image capturing functions is growing rapidly and significantly, we strongly believe that Nam Tai will continue to benefit from the business opportunities arising in this area.”

CMOS image sensor modules offer high picture quality and are designed into devices such as cellular phones, PDAs, digital still cameras, automobiles, PC cameras, security, surveillance, toys, biometric readers, bar code readers, medical devices, and a host of other products where small size, low power and cost are important factors.

About Nam Tai

We are an electronics manufacturing and design services provider to original equipment manufacturers of telecommunications and consumer electronic products. Through our electronics manufacturing services operations, we manufacture electronic components and subassemblies, including LCD panels, LCD modules, radio frequency modules, flexible printed circuit subassemblies and image sensors. These components are used in numerous electronic products, including cellular phones, laptop computers, digital cameras, copiers, fax machines, electronic toys, handheld video game devices and microwave ovens. We also manufacture finished products, including cellular phones, palm-sized PCs, personal digital assistants, electronic dictionaries, calculators and digital camera accessories for use with cellular phones.

Safe Harbor

Certain statements in this press release are “forward-looking statements” within the meaning of U.S. federal securities laws. Nam Tai intends that these statements be covered by the safe harbors created under these laws. These forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by the forward-looking statements. Many of these factors are beyond Nam Tai's ability to control or predict. Given these uncertainties, readers are cautioned not to place undue reliance on the forward-looking statements, which only speak as of the date of this press release. Nam Tai does not undertake any obligation to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.