Nam Tai Electronics, Inc.

BVI company information archive (2006)

Industry: Electronics

Main business locations: Global

Registered Office:
116 Main Street
3rd Floor
Road Town, Tortola
British Virgin Islands

Listed on: NYSE
Ticker: NTP

Financial highlights (2007) compare to 2005 financial information
Net sales: US$780.8 million
Gross profit: US$87.0 million
Operating income: US$40.7 million
Net income: US$69.5 million
Net cash: US$71.1 million

Main shareholders:
M. K. Koo: 13.0%
Peter R. Kellogg: 13.0%
I.A.T. Reinsurance Syndicate Ltd.: 11.7%

About the BVI Company: Nam Tai Electronics, Inc. is a company working in the spheres of electronics manufacturing and design services. It was founded in 1975 in Hong Kong as an electronic products trading company. In 1978 the company's focus was changed to manufacturing of electronic products. In 1980 they moved their manufacturing facilities to China; later these were relocated to Shenzhen, China, in order to take advantage of opportunities offered in southern China. At the moment the company is domiciled in the British Virgin Islands.

Nam Tai provides its services to a select group of the world's leading OEMs of telecommunications and consumer electronic products. The range of manufactured goods includes electronic components and sub-assemblies, e.g. LCD panels and modules, RF modules, DAB modules, FPC sub-assemblies and image sensors modules and PCBA for BluetoothTM headsets. The components are used in numerous electronic products, including cellular phones, laptop computers, digital cameras, electronic toys, handheld video game devices and microwave ovens. The company also produces finished products, namely, cellular phones in semi-knocked down, or SKD, form, mobile phone accessories and educational products.

Nam Tai services include also hardware and software design, component purchasing, assembly into finished products or electronic sub-assemblies and post-assembly testing. They also provide original design manufacturing, or ODM, services, which include designing and developing proprietary products that are sold by our OEM customers under their brand names.

In April, 2014, Nam Tai Electronics, Inc. changed its name to Nam Tai Property Inc., and started trading on the NYSE under the new trading symbol (NTP).

FUQI International Holdings Corporation, Ltd.

Industry: Consumer Goods and Services

Main business locations: China

Registered Office:
British Virgin Islands
Tortola

Listed on:
NASDAQ

Ticker: FUQI

Financial highlights 2007 (for parent company FUQI International, Inc.):

Net sales: $145,559,000
Gross profit:: $16,514,000
Income from operations: $12,490,000
Net income: $13,516,000
Earnings per share (basic): $0.96
Earnings per share (diluted): $0.86
Total assets: $122,715,000
Total liabilities: $25,455,000
Total stockholder's equity: $97,260,000

Auditors: Stonefield Josephson, Inc.

About the BVI Company:

FUQI International Holdings Co., Ltd. is a British Virgin Islands (FUQI BVI) corporation being a subsidiary of FUQI International, Inc., publicly listed in NASDAQ and reincorporated in the state of Delaware by terms of reverse merger transaction in 2001. The BVI corporation, in its turn, is a 100% owner of China-based Shenzhen Fuqi Jewelry Co., Ltd., a company which was established in 2001 and is one of the leading designers of high quality precious jewelry in China, developing, promoting and selling a wide range of products to the Chinese market of luxury goods. The products of the company make of a range of uniquely formed styles and designs made from precious metals such as platinum, gold and Karat gold, diamonds and other gemstones.