Exhibit 99.1

[GRAPHIC OMITTED]                                                   NEWS RELEASE
--------------------------------------------------------------------------------
                                                 CONTACT:          Lorne Waldman
                                                                       President
                                                 E-MAIL:  shareholder@namtai.com
                                                 WEBSITE:         www.namtai.com

                            NAM TAI ELECTRONICS, INC.
                       Announces Three-For-One Stock Split

VANCOUVER,  CANADA -- June 20, 2003 -- Nam Tai  Electronics,  Inc. ("Nam Tai" or
the "Company")  (NYSE Symbol:  NTE; CBOE Symbol:  QNA) today  announced that its
board of directors has approved a  three-for-one  stock split of its outstanding
Common Shares.  The stock split will increase the number of Common Shares of the
Company currently outstanding from approximately 12,169,168 to 36,507,504.

The  shareholders  of  record  of Nam  Tai's  Common  Shares  as of the close of
business on June 30, 2003 will  receive  two  additional  shares for each Common
Share held at that time.  No action is required on the part of  shareholders  to
receive  shares  pursuant to the stock split.  The new shares are expected to be
mailed by the Company's  transfer agent,  Registrar and Transfer Company,  on or
about July 7, 2003.

Second Quarter Dividend

The  Company  declared an annual  dividend of $0.60 per share for 2003,  payable
quarterly at $0.15 per share per quarter. The second quarter dividend is payable
on July 21, 2003 to  shareholders  of record as of the close of business on June
30, 2003. In light of the above stock split, the quarterly  dividend payable for
each Common Share of the Company  will be changed to $0.05 per share  commencing
with the date of the dividend payable on July 21, 2003.

About Nam Tai

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,  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. Further information is available at www.namtai.com.

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