VANCOUVER, CANADA -- March 24, 2003 -- Nam Tai Electronics, Inc. (“Nam Tai” or the “Company”) (NYSE Symbol: NTE; CBOE Symbol: QNA) today announced that it has received orders from a Japanese manufacturer for more than 1,000,000 units of front light panels, which will be incorporated into the handheld video gaming devices of a prominent Japanese video game developer. Nam Tai has already commenced production and delivery of these front light panels.
A front light panel is a display with a white light lighting system at the front. It is brighter and has a wider viewing angle than traditional backlight systems. It is applied mostly in handheld video game devices, cellular phones, and digital cameras.
“We are pleased to be granted an opportunity to further broaden our product line of modules which now extends to the components for handheld gaming devices,” said Mr. Tadao Murakami, Chairman of Nam Tai. “With our continued diversification of our product mix and expansion of our services for OEM customers, we believe we are strengthening our competitive position within this fast moving electronic manufacturing industry.”
Annual Shareholders Meeting – July 8, 2003
Nam Tai announced that it would hold its annual shareholders meeting on Tuesday, July 8, 2003 in New York City. The record date for voting at the meeting will be May 30, 2003. The Company previously announced a meeting date of June 10, 2003 and this announcement supersedes that prior announcement.
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, transformers, LCD modules and radio frequency modules. These components are used in numerous electronic products, including cellular phones, laptop computers, digital cameras, copiers, fax machines, electronic toys and microwave ovens. We also manufacture finished products, including cordless 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.