Website: N/A
Stock Symbol: NYSE: NTE
Market Value: N/A (in millions)
Nam Tai Electronics, Inc. was founded in 1975 and moved its manufacturing
facilities to China in 1980 to take advantage of lower overhead costs, lower
material costs and competitive labor rates available and subsequently relocated
to Shenzhen, China in order to capitalize on opportunities offered in southern
China. We were reincorporated as a limited liability International Business
Company under the laws of the British Virgin Islands in August 1987 (which was
amended in 2004 as The British Virgin Islands Business Companies Act, 2004). Our
principal manufacturing and design operations are currently based in Shenzhen,
China, approximately 30 miles from Hong Kong, and we plan to construct new
manufacturing facility in Guangming Shenzhen and two more facilities in Wuxi,
Jiangsu Province, near the East Coast of China, approximately 80 miles Northwest
of Shanghai. Our PRC headquarters is located in Macao, which, like Hong Kong, is
a Special Administrative Region of the PRC.