Receives Orders for FPC Sub-assemblies for Cellular Phone LCD Modules

VANCOUVER, CANADA -- May 19, 2003 -- Nam Tai Electronics, Inc. (“Nam Tai” or the “Company”) (NYSE Symbol: NTE; CBOE Symbol: QNA) today announced it has received orders from a customer to manufacture flexible printed circuit (“FPC”) sub-assemblies for cellular phones. The Company recently announced its installation of a new FPC sub-assembly line and plans to use that sub-assembly line for these orders. To date, Nam Tai has already delivered 662,000 units of fine pitch FPC sub-assemblies to this customer. This FPC sub-assembly is the major component of high-resolution color LCD modules for cellular phones. The assembly process includes a precise power IC attachment and the application of a lead-free solder process. Unlike the method involved in assembling many printed circuit boards, the process involved in this FPC surface mount technology demands a meticulously accurate alignment technique that produces subassemblies of very high quality.

“We are very pleased to be granted the opportunity of manufacturing high technology FPC sub-assemblies for LCD modules,” commented Mr. Tadao Murakami, Nam Tai’s Chairman. “This new business, not only diversifies our product mix, but also enhances our services to customers and marks a further step toward vertical integration of our production of LCD modules.”

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, 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. Further information is available at www.namtai.com.