Nam Tai Electronics Stock Sale TCL Cash 54 Million US Dollars

-- April 25 - Nam Tai Electronics Group today announced that it has, through its Hong Kong-listed subsidiary of Nam Tai Electronics Electrical Products Limited in April 20 and April 23 to sell 39 million shares and 41.6 million shares of TCL Corporation A-shares, the total recovered 54 million US dollars funds, the equity investment to bring it about 30 million dollars of one-time investment income (excluding minority interests after).

In 2002, it invested about 12 million US dollars acquisition of the shares of TCL Corporation. Later TCL Group in January 2004 at the Shenzhen Stock Exchange A share market listing. In all the sale of shares held by TCL, Nam Tai Electronics Electrical Products Limited holders of 80.60 million shares were TCL A shares, about TCL Group of the entire issued shares of 3.12%. According to limit the sale of provisions, the proceeds from the sale of shares of TCL has been transferred to the bank accounts.

Source: 网易科技 San Zhang Apr. 26, 2007