VANCOUVER, CANADA -- October 20, 2004 -- Nam Tai Electronics, Inc. (“Nam Tai” or the “Company”) (NYSE Symbol: NTE; CBOE Symbol: QNA; Frankfurt Stock Exchange Symbol: 884852) is pleased to announce that its subsidiary, Namtai Electronic (Shenzhen) Co. Ltd. (“NTSZ”), recently received an “Award of Excellence for National Six Sigma Project” and was recognized as a “National Advanced Enterprise for the Promotion of Six Sigma.” The accreditations were issued by the China Association for Quality (“CAQ”) of the Chinese Government for its “Six Sigma” training and certification programs.
Nam Tai Chairman, Mr. Tadao Murakami said, “We are honored by the accreditation from the CAQ of the PRC Government. NTSZ was one of two enterprises to receive the accreditation, and the only one from the electronics manufacturing industry. By successful implementation of the Six Sigma approach, we are more capable of ensuring the highest quality of products for our customers. It also allows us to lower costs due to the reduction of manufacturing defects. This results in improved profit margin and higher competitiveness.”
Six Sigma is an internationally recognized approach that uses facts and data to develop better solutions, thereby reducing defects and production times, and improving customer satisfaction. NTSZ started the Six Sigma Program in 2003.
About Nam Tai Electronics, Inc.
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 sub-assemblies 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.
Nam Tai has two Hong Kong listed subsidiaries, Nam Tai Electronic & Electrical Products Limited ("NTEEP") and J.I.C. Technology Company Limited ("JIC"). Interested investors may go to the website of The Stock Exchange of Hong Kong at www.hkex.com.hk to obtain the information. The stock code of NTEEP and JIC in The Stock Exchange of Hong Kong are the 2633 and 987 respectively. Investors are reminded to exercise caution when assessing such information and not to deal with the shares of the Company based solely on reliance of such information. The results of NTEEP and JIC only represent a part of the results of the Company and there are GAAP differences in the financial statements of NTEEP and JIC, when compared with the financial statements of the Company. Furthermore, different subsidiaries of the Company may have different peak season during a year.