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
BRIGHT SCHOLAR ED HLDGS LTD SPONSORED ADS 109199109 12,731 2,195,075 SH   SOLE   2,195,075 0 0
KE HLDGS INC SPONSORED ADS 482497104 1,425 25,000 SH   SOLE   25,000 0 0
NEW ORIENTAL ED & TECHNOLOGY SPON ADR 647581107 174,831 12,487,929 SH   SOLE   12,487,929 0 0
PUXIN LTD ADS 74704P108 2,720 680,000 SH   SOLE   680,000 0 0
TAL EDUCATION GROUP SPONSORED ADS 874080104 161,220 2,993,874 SH   SOLE   2,993,874 0 0
ZTO EXPRESS CAYMAN INC SPONSORED ADS A 98980A105 62,044 2,128,422 SH   SOLE   2,128,422 0 0