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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
FULL TRUCK ALLIANCE CO LTD SPONSORED ADS 35969L108 BBG01186DLS3 890,333,173 68,645,580 SH   SOLE   29,279,242 0 39,366,338
NEW ORIENTAL ED & TECHNOLOGY SPON ADR 647581206 BBG000HW5WY7 496,018,808 9,346,501 SH   SOLE   4,444,012 0 4,902,489
ATOUR LIFESTYLE HOLDINGS LTD SPONSORED ADS 04965M106 BBG011C6KJG8 213,091,019 5,668,822 SH   SOLE   2,169,300 0 3,499,522
RLX TECHNOLOGY INC SPONSORED ADS 74969N103 BBG00YR17764 165,333,435 62,864,424 SH   SOLE   45,394,120 0 17,470,304
AXT INC COM 00246W103 BBG000BHZ0N5 7,768,400 1,730,156 SH   SOLE   1,730,156 0 0
PDD HOLDINGS INC AMERICAN DEP 722304102 BBG00LBLDDR2 815,319,855 6,168,721 SH   SOLE   1,884,923 0 4,283,798
NOAH HLDGS LTD SPON ADS 65487X102 BBG0017X96T3 2,032,052 175,328 SH   SOLE   136,733 0 38,595
AGORA INC ADS 00851L103 BBG00V9VKFB5 37,818 9,900 SH   SOLE   9,900 0 0