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
58 COM INC SPON ADR REP A 31680Q104 9,660 147,084 SH   SOLE   147,084 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 68,304 374,372 SH   SOLE   374,372 0 0
BAIDU INC SPON ADR REP A 056752108 11,678 70,840 SH   SOLE   70,840 0 0
BEST INC SPONSORED ADS 08653C106 23,668 4,525,386 SH   SOLE   4,525,386 0 0
BILIBILI INC SPONS ADS REP Z 090040106 20,227 1,067,366 SH   SOLE   1,067,366 0 0
FOUR SEASONS ED CAYMAN INC ADR 35101A101 1,306 733,887 SH   SOLE   733,887 0 0
GDS HLDGS LTD SPONSORED ADS 36165L108 10,483 293,720 SH   SOLE   293,720 0 0
NETEASE INC SPONSORED ADR 64110W102 15,039 62,287 SH   SOLE   62,287 0 0
NEW ORIENTAL ED & TECH GRP I SPON ADR 647581107 8,631 95,800 SH   SOLE   95,800 0 0
NOAH HLDGS LTD SPON ADS CL A 65487X102 74,673 1,540,914 SH   SOLE   1,540,914 0 0
PINDUODUO INC SPONSORED ADS 722304102 18,292 737,593 SH   SOLE   737,593 0 0
TAL EDUCATION GROUP SPONSORED ADS 874080104 23,422 649,172 SH   SOLE   649,172 0 0
YUM CHINA HLDGS INC COM 98850P109 9,779 217,753 SH   SOLE   217,753 0 0