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                                                                    EXHIBIT 4.18

                              AMENDED AND RESTATED

                             2001 STOCK OPTION PLAN

                                       OF

                            NAM TAI ELECTRONICS, INC.

       (As adopted on May 4, 2001, amended and restated on July 30, 2004)

1.    PURPOSE

      The purpose of the Nam Tai Electronics, Inc. 2001 stock option plan (the
      "Plan") is to promote the growth and general prosperity of Nam Tai
      Electronics, Inc., (the "Company") and its subsidiaries. The granting of
      options will help the Company attract and retain the best available
      persons for positions of substantial responsibility and will provide
      employees, directors, consultants and advisors with an additional
      incentive to contribute to the success of the Company and its
      subsidiaries. The Board of Directors of the Company believes the plan will
      promote continuity of management and increased incentive and personal
      interest in the welfare of the Company by those who are primarily
      responsible for shaping and carrying out the long-range plans of the
      Company and securing its continued growth and financial success.

2.    EFFECTIVE DATE OF THE PLAN

      The plan shall become effective on May 4, 2001, the date originally
      adopted by the Board of Directors; provided, however, that no options may
      be granted under this Plan to any officer or director of the Company
      unless and until the Plan has been approved by holders of the outstanding
      common shares of the Company.

3.    STOCK SUBJECT TO PLAN

      The maximum number of common shares which may be issued pursuant to the
      exercise of options granted under the Plan is one million shares
      (1,000,000) subject to the adjustments provided in paragraph 16 below. One
      million of the authorized but unissued common shares of the Company as of
      May 4, 2001 will be reserved for issue upon exercise of options granted
      under the Plan subject to the adjustments provided in paragraph 14 below;
      provided, however, that the number of such authorized but unissued shares
      so reserved may from time to time be reduced to the extent that a
      corresponding amount of issued and outstanding stock has been purchased by
      the Company and set aside for issue upon the exercise of options granted
      under the Plan; and provided, further, however, that subject to the
      provisions of Section12 hereof, at no time shall there be any options
      granted under this Plan at any time when the total number of common shares
      covered by outstanding options granted under this Plan and all other
      compensatory stock options plans of the Company, the primary purpose of
      which is to benefit employees or directors of the Company, exceed ten
      percent (10%) of the then outstanding common shares of the Company. If any
      options shall expire or terminate for any reason without having been
      exercised in full, the unpurchased shares subject thereto shall again be
      available for further grants under the Plan.

4.    ADMINISTRATION

      The Board of Directors or a Committee referred to in paragraph 5
      (hereinafter referred to as the "Committee") shall administer the Plan.
      Subject to the express provisions of the Plan, the Board of Directors or
      the Committee, if so appointed, shall have complete authority, in its
      discretion, to determine those key employees, directors, consultants and
      advisors (hereinafter referred to as "participants") to whom, and the
      price at which options shall be

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      granted, the option periods and the number of shares to be subject to each
      option. The Board of Directors or the Committee, if so appointed, shall
      also have the authority in its discretion to prescribe the time or times
      at which the options may be exercised and limitations upon the exercise of
      options (including limitations effective upon the death or termination of
      employment, directorship or consultancy of the participant), and the
      restrictions, if any, to be imposed upon the transferability of shares
      acquired upon exercise of options. In making such determinations, the
      Board of Directors or the Committee, if so appointed, may take into
      account the nature of the services rendered by respective participants,
      their present and potential contributions to the success of the Company or
      its subsidiaries, and such other factors as the Board of Directors or the
      Committee, if so appointed, in its discretion shall deem relevant. Subject
      to the excess provisions of the Plan, the Board of Directors or the
      Committee, if so appointed, shall also have complete authority to
      interpret the Plan, to prescribe, amend and rescind rules and relations
      relating to the Plan, to determine the terms and provisions of the
      respective option agreements (which need not be identical), to determine
      whether the shares delivered upon exercise of stock options will be
      treasury shares or will be authorized but previously unissued shares, and
      to make all other determinations necessary or advisable for the
      administration of the Plan. The determinations of Board of Directors or
      the Committee, if so appointed, on the matters referred to in this
      paragraph 4 shall be conclusive.

5.    COMMITTEE

      The Committee, if so appointed, shall consist of not less than three
      members of the Board of Directors of the Company. The Committee, if so
      appointed, shall be appointed from time to time by the Board of Directors,
      which may from time to time appoint members of the Committee in
      substitution for members previously appointed and may fill vacancies,
      however caused, in the Committee. A majority of its members shall
      constitute a quorum. All determinations of the Committee shall be made by
      at least a majority of its members. Any decision or determination reduced
      to writing and signed by all of the members shall be fully as effective as
      if it had been made by a majority vote at a meeting duly called and held.
      The Committee shall also have express authorization to hold committee
      meetings by means of conference telephone or similar communications
      equipment by means of which all persons participating in the meeting can
      hear each other.

6.    ELIGIBILITY

      (a)   Except for an annual grant of options to directors as provided in
            Section 6(b) below, an option may be granted under the Plan only to
            officers or other key employee, consultants or advisors of the
            Company and of its present and future subsidiary corporations.

      (b)   At each annual meeting of shareholders, each non-employee director
            elected at the meeting shall thereupon be granted options to
            purchase 15,000 shares(*) ("Directors' Options"). Such Directors
            Options shall be granted only to the extent they have not been
            granted under other compensatory stock option plans of the Company.
            The option price of Directors' Options shall be equal to 100% of the
            fair market value of the shares on the date of grant and the
            Directors Options shall have a term of three years, subject to
            earlier termination as provided for Optionees generally under
            "Exercise of Options."

      (c)   The granting of an option to any participant shall not confer upon
            that participant any right to continue in the employ, directorship,
            consultancy or other relationship of or with the Company or of any
            such subsidiary and shall not interfere in any way with the

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            right of the Company or of any such subsidiary to terminate the
            employment, consultancy or other relationship of the participant at
            any time.

7.    OPTION PRICE

      Except with respect to Directors Options, the Board of Directors or the
      Committee, if so appointed, in its discretion, will determine the option
      price at the time the option is granted. While the Board of Directors or
      the Committee, if so appointed, shall have complete and sole discretion in
      determining the option price and it shall be the policy of the Company not
      to grant options that are exercisable at less than 100% of the fair market
      value of the common stock on the date of grant as shall reasonably be
      determined by the Board of Directors or the Committee, if so appointed,
      except in the most unusual circumstances as shall be determined by the
      Board of Directors or the Committee, if so appointed, at the time of
      specific grants. Unless such action is approved by shareholders or results
      from adjustments pursuant to Section 16 of the Plan, the option price
      applicable to any outstanding option shall not be reduced.

8.    DATE OF OPTION GRANT

      An option shall be considered granted on the date the Board of Directors
      or the Committee, if so appointed, acts to grant the option, or such date
      thereafter as the Board of Directors or the Committee, if so appointed,
      shall specify.

9.    TERM OF PLAN

      The Board of Directors, without further approval of the shareholders may
      terminate the Plan at any time, but no termination shall, without the
      participant's consent, alter or impair any of the rights under any option
      theretofore granted to him under the Plan.

10.   TERM OF OPTIONS

      The term of each option granted under the Plan will be for such period
      (hereinafter referred to as the "option period") not exceeding ten (10)
      years as the Board of Directors or the Committee, if so appointed, shall
      determine. Each option shall be subject to earlier termination as
      described under "exercise of options."

11.   RULES APPLICABLE TO CERTAIN DISPOSITIONS

      (a)   Notwithstanding the foregoing pro-visions of Section 10, in the
            event the Company or the shareholders of the Company enter into an
            agreement to dispose of all or substantially all of the assets or
            capital stock of the Company by means of a sale, merger,
            consolidation, reorganization, liquidation, or otherwise, each
            option (whether or not then exercisable by its terms) shall become
            immediately exercisable with respect to the full number of shares
            subject to that option during the period commencing as of the date
            of execution of such agreement and ending as of the earlier of:

            (i)   the expiration date of the option; or

            (ii)  the date on which the disposition of assets or capital stock
                  contemplated by the agreement is consummated.

      The exercise of any option that was made exercisable solely be reason of
      this Subsection 11(a) shall be conditioned upon the consummation of the
      disposition of assets or stock under the above referenced agreement. Upon
      the consummation of any such disposition of assets or stock, the Plan and
      any unexercised options issued hereunder (or any unexercised portion
      thereof) shall terminate and cease to be effective.

      b)    Notwithstanding the foregoing, in the event that any such agreement
            shall be terminated without consummating the disposition of said
            stock or assets:

            (i)   any unexercised installments of any option that had become
                  exercisable solely by reason of the provisions of

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                  Subsection 11(a) shall again become unexercisable as of said
                  termination of such agreement, and

            (ii)  the exercise of any option that had become exercisable solely
                  by reason of this Subsection 11(a) shall be deemed ineffective
                  and such option installments shall again become unexercisable
                  as of said termination of such agreement.

      (c)   Notwithstanding the provisions set forth in Subsection 11(a), the
            Board of Directors or the Committee, if so appointed, may, at its
            election and subject to the approval of the corporation purchasing
            or acquiring the stock or assets of the Company (the "surviving
            corporation"), arrange for the optionee to receive upon surrender of
            optionee's option a new option covering shares of the surviving
            corporation in the same proportion, at an equivalent option price
            and subject to the same terms and conditions as the old option. For
            purposes of the preceding sentence, the excess of the aggregate fair
            market value of the shares subject to such new option immediately
            after consummation of such disposition of stock or assets over the
            aggregate option price of such shares of the surviving corporation
            shall not be no more than the excess of the aggregate fair market
            value of all shares subject to the old option immediately before
            consummation of such disposition of stock or assets over the
            aggregate option price of such shares of the Company, and the new
            option shall not give the optionee additional benefits which such
            optionee did not have under the old option or deprive the optionee
            of benefits which the optionee had under the old option. If such
            substitution of options is effectuated, the optionee's rights under
            the old option shall thereupon terminate.

12.   MERGERS AND ACQUISITIONS

      If the Company at any time should succeed to the business of another
      corporation through a merger or consolidation, or through the acquisition
      of stock or assets of such corporation, options may be granted under the
      Plan to option holders of such corporation or its subsidiaries, in
      substitution for options or rights to purchase stock of such corporation
      held by them at the time of succession. The Board of Directors or the
      Committee, if so appointed, shall have sole and absolute discretion to
      determine the extent to which such substitute options shall be granted (if
      at all), at the person or persons within the eligible group to receive
      such substitute options (who need not be all option holders of such
      corporation), the number of options to be received by each such person,
      the option price of such option, and the terms and conditions of such
      substitute option. The provisions of the second proviso of the second
      sentence of Section 3 shall not be applicable to such substituted options.

13.   EXERCISE OF OPTIONS

      Each option granted under the Plan will be exercisable on such date or
      dates and during such period and for such number of shares as shall be
      determined pursuant to the provisions of the option agreement evidencing
      such option. Subject to the express provisions of the Plan, the Board of
      Directors or the Committee, if so appointed, shall have compete authority,
      in its discretion, to determine the extent, if any, and the conditions
      under which an option may be exercised in the event of the death of the
      participant or in the event the participant leaves the employ of the
      Company or has his employment terminated by the Company. An option may be
      exercised, by (a) written notice of intent to exercise the option with
      respect to a specified number of shares of stock, and (b) payment to
      Company in U.S. dollars or the Hong Kong dollar equivalent of the

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      amount of the option purchase price for the number of shares of stock with
      respect to which the option is then exercised.

14.   NONTRANSFERABILITY

      Options under the Plan are not transferable otherwise than by will or the
      laws of descent or distribution, and may be exercised during the lifetime
      of a participant only by such participant.

15.   AGREEMENTS

      Options granted pursuant to the Plan shall be evidenced by stock option
      agreements in such form as the Board of Directors or the Committee, if so
      appointed, shall from time to time adopt.

16.   ADJUSTMENT OF NUMBER OF SHARES

      (a)   Authority of the Company and Stockholders (*)

            The existence of the Plan, an option certificate and any option
            granted hereunder shall not affect or restrict in any way the right
            or power of the Company or the shareholders of the Company to make
            or authorize any adjustment, recapitalization, re-organization or
            other change in the Company's capital structure or business, any
            merger or consolidation of the Company, any issue of stock or of
            options, warrants or rights to purchase stock or of bonds,
            debentures, preferred or prior preference stocks whose rights are
            superior to or affect the common shares or the rights thereof or
            which are convertible into or exchangeable for common shares, or the
            dissolution or liquidation of the Company, or any sale or transfer
            of all or any part of its assets or business, or any other corporate
            act or proceeding, whether of a similar character or otherwise.

      (b)   Change in Capitalization (*)

            Notwithstanding any provision of the Plan, the number and kind of
            shares authorized for issuance under Section 3, the number of
            options to be granted to non-employee directors pursuant to Section
            6(b), may be equitably adjusted in the sole discretion of the Board
            of Directors or the Committee, if so appointed, in the event of a
            stock split, stock dividend, recapitalization, reorganization,
            merger, consolidation, extraordinary dividend, split-up, spin-off,
            combination, exchange of shares, warrants or rights offering to
            purchase common shares at a price substantially below fair market
            value or other similar corporate event affecting the common shares
            in order to preserve, but not increase, the benefits or potential
            benefits intended to be made available under the Plan. In addition,
            upon the occurrence of any of the foregoing events, the number of
            outstanding options and the number and kind of shares subject to any
            outstanding option and the exercise price per share under any
            outstanding option (including any Directors' Option) may be
            equitably adjusted (including by payment of cash to a participant)
            in the sole discretion of the Board of Directors or the Committee,
            if so appointed, in order to preserve the benefits or potential
            benefits intended to be made available to participants granted
            options. Such adjustments shall be made

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            by the Board of Directors or the Committee, if so appointed, in its
            sole discretion, whose determination as to what adjustments shall
            be made, and the extent thereof, shall be final. Unless otherwise
            determined by the Board of Directors or the Committee, if so
            appointed, such adjusted options shall be subject to the same
            restrictions and the same vesting schedule to which the underlying
            option is subject."

17.   AMENDMENTS

      Except as otherwise provided herein, the Board of Directors, without
      approval of the shareholders, may from time to time amend the Plan in such
      respects as the board may deem advisable. Notwithstanding the foregoing,
      the Board of Directors shall not, without shareholder approval, amend the
      Plan to (i) increase the maximum aggregate number of shares which may be
      optioned and sold under the Plan, (ii) change the manner of determining
      the option price or, except for adjustments resulting from the operation
      of Section 16 of the Plan, permit the reduction of the option price of an
      outstanding option, (iii) change the classes of persons eligible to
      receive options under the Plan or (iv) grant any options under the Plan to
      directors otherwise than as expressly set forth herein. No amendment
      shall, without the participant's consent, alter or impair any of the
      rights or obligations under any option theretofore granted to him under
      the Plan.

(*)   AMENDED PURSUANT TO A BOARD RESOLUTION DATED JULY 30, 2004

IN WITNESS WHEREOF, the Board of Directors of the Company has amended and
restated this Plan, as originally adopted on May 4, 2001 and amended on July 30,
2004.

                                              NAM TAI ELECTRONICS, INC.

                                              By:_____________________
                                              Tadao Murakami
                                              Chairman of the Board

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