EXHIBIT 4.16
[HSBC LOGO]
PRICE DETERMINATION AGREEMENT
To: Nam Tai Electronics,Inc. '
Mcw. Xxxxxx & Co.
XxXxxxxx Xxxxxxxx
PO BOX 0000
Xxxx Xxxx
Xxxxxx
British Virgin Islands
22 APRIL 2004
Dear Sirs
Global Offering of 180,000,000 Shares OF HK$0.10 each (210,000,000 Shares If
the Over-allotment Option is exercised in full) of Nam Tai Electronic &
Electrical Products Limited (the "Company")
We refer to the Public Offer Underwriting Agreement dated 16 April 2004 between
the Company, yourselves, ourselves and others relating to the Global Offering.
Terms defined In the Public Offer Underwriting Agreement have the some meanings
when used in this letter
This letter confirms the agreement reached today between yourselves (after
conversation with the Company) and ourselves that the offer Price shall be
HK$3.88 per Share (exclusive of brokerage. Hong Kong Stock Exchange trading fee,
SFC transaction levy and Investor compensation levy).
Yours faithfully,
For itself and on behalf of each of the Public Offer Underwriters
The Hongkong and Shanghel Banking Corporation Limited
/s/ Xxxxxxxx Xxxxxx
------------------------
Name: Xxxxxxxx Xxxxxx
Title: Head of Equity Captial Markets
Managing Director, Corporate Finance and Advisory,Asia-Pacific
CONFIRMED AND ACCEPTED as of the date first above written
For and on behalf of For and on behalf of
Nam Tai Electronics, Inc. Nam Tai Electronic & Electrical Products Umited
/s/ XXX XXXX XXXX /s/ XXXX XXXX XXXX
------------------------ ------------------------
Name: XXX XXXX XXXX Name: XXXX XXXX XXXX
Title: CFO Title: CHAIRMAN & CEO
THE HONGKONG AND SHANGHAI BANKING, CORPORATIONS LIMITED
CORPORATE INVESMENT BANKING AND MARKETS
LEVEL 00.)XXXXX'X XXXX XXXXXXX, XXXX XXXX
TEL:(000)0000000 FAX:(000)00000000
