The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
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
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
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
AMAZON COM INC COM 023135106 326 100 SH   SOLE   100 0 0
JINKOSOLAR HLDG CO LTD SPONSORED ADR 47759T100 470 9,732 SH   DFND   0 0 9,732
KE HLDGS INC SPONSORED ADS 482497104 18,135 1,466,068 SH   DFND   0 0 1,466,068
KE HLDGS INC SPONSORED ADS 482497104 7,749 626,457 SH   SOLE   626,457 0 0
LI AUTO INC SPONSORED ADS 50202M102 2,065 80,000 SH   SOLE   80,000 0 0
NETEASE INC SPONSORED ADS 64110W102 9,797 109,234 SH   DFND   0 0 109,234
NETEASE INC SPONSORED ADS 64110W102 1,178 13,135 SH   SOLE   13,135 0 0
PINDUODUO INC SPONSORED ADS 722304102 26,365 657,314 SH   SOLE   657,314 0 0
PINDUODUO INC SPONSORED ADS 722304102 22,952 572,216 SH   DFND   0 0 572,216
YUM CHINA HLDGS INC COM 98850P109 777 18,707 SH   SOLE   18,707 0 0
YUM CHINA HLDGS INC COM 98850P109 393 9,468 SH   DFND   0 0 9,468
ZTO EXPRESS CAYMAN INC SPONSORED ADS A 98980A105 2,501 100,045 SH   DFND   0 0 100,045
ZTO EXPRESS CAYMAN INC SPONSORED ADS A 98980A105 36,894 1,475,770 SH   SOLE   1,475,770 0 0