Nam Tai Provides Update On Land In Shenzhen, PRC

               Nam Tai Provides Update On Land In Shenzhen, PRC

PR Newswire

SHENZHEN, China, Dec. 10, 2012

SHENZHEN,China, Dec. 10, 2012 /PRNewswire/ --Nam Tai Electronics, Inc. ("Nam
Tai" or the "Company") (NYSE Symbol: NTE) is pleased to announce that the
Shenzhen government has agreed to release to the Company a parcel of land in
Shenzhen, Guangming Hi-Tech Industrial Park of approximately 1.2 million
square feet. The transfer of land to the Company is underway and it expects
the process to be completed by the end of December 2012. The release of the
land to the Company is an important development for the continuity of
Company's manufacturing facility and coincides with the Shenzhen government's
recently announced city rezoning project to redevelop the land that
encompasses the Company's existing Shenzhen facility into a high-end
commercial district, making it unsuitable for any manufacturing factory
thereafter. Subsequent to this relocation, the Company will continue to hold
the existing location of its Shenzhen manufacturing facility as a significant
valuable asset for the time being.

Shenzhen is a link between the Chinese mainland and Hong Kong and a transport
hub in coastal southern China with the third largest airport and one of the
largest freight ports in mainland China. The Shenzhen Guangming Hi-Tech
Industrial Park has been developed as a research and production base for the
high-tech industry and has become the city's foremost industrial pillar.

FORWARD-LOOKING STATEMENTS AND FACTORS THAT COULD CAUSE OUR SHARE PRICE TO
DECLINE

Certain statements included in this press release, other than statements of
historical fact, are forward-looking statements. Forward-looking statements
generally can be identified by the use of forward-looking terminology such as
"may", "will", "expect", "intend", "estimate", "anticipate", "plan", "seek" or
"believe". These forward-looking statements, which are subject to risks,
uncertainties, and assumptions, may include projections of our future
financial performance based on our growth strategies and anticipated trends in
our business. These statements are only predictions based on our current
expectations about future events. There are important factors that could cause
our actual results, level of activity, performance, or achievements to differ
materially from the results, level of activities, performance, or achievements
expressed or implied by the forward-looking statements, including, but not
limited to, a deterioration of the markets for the Company's customers'
products and the global economy as a whole, which could negatively impact the
Company's revenue and the ability of the Company's customers to confirm prior
orders or pay for the Company's products; the financial resources and credit
rating of Company's customers under the current global recession; the effects
that current credit and market conditions could have on the liquidity and
financial condition of our customers and suppliers, including any impact on
their ability to meet their contractual obligations; the sufficiency of the
Company's cash position and other sources of liquidity to operate its
business; the negative effects of increased competition pressure on the
Company's revenues and margins; component quality or shortage, whether or not
cause by customers change in specifications, delay in the Company's ability to
take possession of land for development of additional production facilities,
continued inflation and appreciation of the Renminbi against the US dollar;
rising labor costs in China and changes in the labor supply and labor
relations our ability to win additional government business. In particular,
you should consider the risks outlined under the heading "Risk Factors" in our
most recent Annual Report on Form 20-F and in our Current Report filed from
time to time on Form 6-K. Although we believe the expectations reflected in
the forward-looking statements are reasonable, we cannot guarantee future
results, level of activity, performance, or achievements. You should not rely
upon forward-looking statements as predictions of future events. These
forward-looking statements apply only as of the date of this press release; as
such, they should not be unduly relied upon as circumstances change. Except as
required by law, we are not obligated, and we undertake no obligation, to
release publicly any revisions to these forward-looking statements that might
reflect events or circumstance occurring after the date of this release or
those that might reflect the occurrence of unanticipated events.

ABOUT NAM TAI ELECTRONICS, INC.

We are an electronics manufacturing and design services provider to a select
group of the world's leading OEMs of telecommunications, consumer electronic,
medical and automotive products. Through our electronics manufacturing
services operations, we manufacture electronic components and subassemblies,
including LCD modules, image-sensor modules and FPCAs. These components are
used in numerous electronic products, including smartphones, tablets,
automotive, laptop computers, digital cameras, electronic toys, handheld video
game devices, and entertainment devices. We also manufacture finished
products, including mobile phone accessories, home entertainment products and
educational products. We assist our OEM customers in the design and
development of their products and furnish full turnkey manufacturing services
that utilize advanced manufacturing processes and production technologies.

Nam Tai Electronics, Inc. is a corporation registered in the British Virgin
Islands and listed on the New York Stock Exchange (Symbol "NTE"). All the
Company's operations are located in the People's Republic of China

Please refer to the Nam Tai website (www.namtai.com) or the SEC website
(www.sec.gov) for Nam Tai press releases and financial statements.

SOURCE Nam Tai Electronics, Inc.

Website: http://www.namtai.com
Contact: Mr. Kevin McGrath, Managing Partner of Cameron Associates,
+1-212-245-4577, kevin@cameronassoc.com
 
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