10:25     NAM TAI EEP<02633> - Announcement (7)                               

    An independent board committee will be set up to                          
    advise the independent Shareholders on the                                
    Acquisition. An independent financial adviser will                        
    be appointed to advise the independent board                              
    committee and the independent Shareholders in this                        
    regard.                                                                   
                                                                              
    A circular containing information on the Acquisition                      
    and a notice convening the EGM will be despatched to                      
    the Shareholders as soon as practicable.                                  
                                                                              
    DEFINITIONS                                                               
    "Acquisition"   the acquisition by the Company of the                     
    entire issued share capital of Namtek from NTE Inc.                       
    (80% interest) and Asano Company (20% interest)                           
    pursuant to the Sale and Purchase Agreement                               
                                                                              
    "Asano Company" Asano Company Ltd., a company                             
    incorporated in the British Virgin Islands and                            
    beneficially owned as to 49.9999% by Mr. Asano and                        
    his associate, and as to 50.0001% by Mr. Liu                              
                                                                              
    "Board" the board of directors of the Company                             
                                                                              
    "Business Day"  a day that is not a Saturday, Sunday                      
    or public holiday in Hong Kong                                            
                                                                              
    "Company"       Nam Tai Electronic & Electrical Products                  
    Limited, a company incorporated in the Cayman Islands,                    
    the shares of which are listed on the Main Board of                       
    the Stock Exchange                                                        
                                                                              
    "Completion"    completion of the Acquisition pursuant                    
    to the terms and conditions of the Sale and Purchase                      
    Agreement                                                                 
                                                                              
    "Completion Date"       the date on which Completion                      
    occurs                                                                    
                                                                              
    "Conditions"    the conditions to Completion as                           
    described in the section headed "Sale and Purchase                        
    Agreement - Conditions" in this announcement                              
                                                                              
    "Consideration Shares"  81,670,588 new Shares to be                       
    issued by the Company to the Vendors (or as they may                      
    direct) as consideration for the Acquisition                              
                                                                              
    "Directors"     the directors of the Company                              
                                                                              
    "EGM"   the extraordinary general meeting of the                          
    Company to be held to approve the Acquisition and the                     
    mandate to be granted to the Directors to issue the                       
    Consideration Shares                                                      
                                                                              
    "GPS"   Global Positioning System                                         
                                                                              
    "GSM"   Global System for Mobile communications                           
                                                                              
    "Group" the Company and the Subsidiaries                                  
                                                                              
    "HK$"   Hong Kong dollars, the lawful currency of Hong                    
    Kong                                                                      
                                                                              
    "Listing Rules" the Rules Governing the Listing of                        
    Securities on The Stock Exchange of Hong Kong Limited                     
                                                                              
    "Mr. Asano"     Kazuhiro Asano (the Managing Director of                  
    Namtek and the sole director of Asano Company) who                        
    together with his associate is beneficially                               
    interested in 49.9999% of Namtek                                          
                                                                              
    "Mr. Liu"       Liu Xue Qing, an executive director of                    
    Namtek who is beneficially interested in 50.0001%