VANCOUVER, CANADA -- September 17, 2002 -- Nam Tai Electronics, Inc. (“Nam Tai” or the “Company”) (NASDAQ/NM Symbol: NTAI and NTAIW) announced Huizhou TCL Mobile Communication Company Limited (“TCL Mobile”) as a new customer. TCL Mobile has placed orders for Nam Tai to supply mobile phone LCD modules. These LCD modules will be used by TCL mobile in the production of mobile phones to be sold under the TCL brand name. The LCD modules manufactured by Nam Tai will incorporate LCD panels produced by Nam Tai’s subsidiary J.I.C. Technology Company Limited (“JIC”) (Hong Kong Stock Exchange Code: 0987).
TCL Mobile has already approved sample testing. Production of this core mobile phone module will soon begin. This new order demonstrates that Nam Tai, with 20 years of operations and relationships in China, is capitalising on the growth opportunities arising from China’s rapidly expanding economy.
TCL Mobile is a very successful and aggressive mobile phone manufacturer in China, the world largest mobile phone market with over 125 million users. TCL Mobile is ranked as the third largest manufacturer of mobile phones in China, behind Motorola Inc. and Nokia Corp. Nam Tai currently holds a 4.5% indirect equity interest in TCL Mobile and a 6% equity interest in its parent company TCL Holdings Corporation Ltd.
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.