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The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
CHINACACHE INTERNAT-SPON ADR Equity ADR 16950M107 4,232 475,000 SH   DFND 1 0 475,000 0
ELONG INC-SPONSORED ADR EQUITY ADR Equity ADR 290138205 3,544 173,043 SH   DFND 1 0 173,043 0
HIMAX TECHNOLOGIES INC-ADR Equity ADR 43289P106 662 45,000 SH   DFND 1 0 45,000 0
GIGAMEDIA LTD Equity Y2711Y104 369 369,765 SH   DFND 1 0 369,765 0