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

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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
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 1,917 11,100 SH   DFND 1 11,100 0 0
BAIDU INC SPON ADR REP A 056752108 4,235 17,100 SH   DFND 1 17,100 0 0
DAQO NEW ENERGY CORP SPNSRD ADR NEW 23703Q203 5,916 203,867 SH   DFND 1,2 203,867 0 0
MELCO RESORT ENTERTAINMENT L ADR 585464100 835 34,600 SH   DFND 1 34,600 0 0
MICRON TECHNOLOGY INC COM 595112103 2,301 58,500 SH   DFND 1 58,500 0 0
NETEASE INC SPONSORED ADR 64110W102 1,103 4,182 SH   DFND 1 4,182 0 0
SINA CORP ORD G81477104 1,970 17,181 SH   DFND 1 17,181 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 30,148 120,000 SH Put DFND 1,2 120,000 0 0