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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102   26,446,000 200,000 SH Put DFND 1,2 0 0 0
BAIDU INC SPON ADR REP A 056752108   9,203,000 100,000 SH Put DFND 1,2 0 0 0
JD.COM INC SPON ADS CL A 47215P106   16,448,000 400,000 SH Put DFND 1,2 0 0 0
LAUDER ESTEE COS INC CL A 518439104   13,200,000 200,000 SH   DFND 1,2 200,000 0 0
NVIDIA CORPORATION COM 67066G104   97,542,000 900,000 SH Put DFND 1,2 0 0 0
PDD HOLDINGS INC SPONSORED ADS 722304102   23,670,000 200,000 SH Put DFND 1,2 0 0 0
TRIP COM GROUP LTD ADS 89677Q107   12,716,000 200,000 SH Put DFND 1,2 0 0 0