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
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
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
AMAZON COM INC COM 023135106 309 100 SH   SOLE   100 0 0
BAIDU INC SPON ADR REP A 056752108 3,577 16,444 SH   SOLE   16,444 0 0
BAIDU INC SPON ADR REP A 056752108 1,023 4,701 SH   DFND   0 0 4,701
BILIBILI INC SPONS ADS REP Z 090040106 29,838 278,700 SH   DFND   0 0 278,700
BILIBILI INC SPONS ADS REP Z 090040106 9,046 84,492 SH   SOLE   84,492 0 0
CLOOPEN GROUP HOLDING LIMITE ADS 18900M104 28 2,038 SH   DFND   0 0 2,038
GENETRON HLDGS LTD ADS 37186H100 644 30,000 SH   SOLE   30,000 0 0
GENETRON HLDGS LTD ADS 37186H100 107 5,000 SH   DFND   0 0 5,000
HUAZHU GROUP LTD SPONSORED ADS 44332N106 5,939 108,178 SH   SOLE   108,178 0 0
HUAZHU GROUP LTD SPONSORED ADS 44332N106 19,784 360,373 SH   DFND   0 0 360,373
I MAB SPONSORED ADS 44975P103 6,159 127,069 SH   SOLE   127,069 0 0
I MAB SPONSORED ADS 44975P103 10,132 209,038 SH   DFND   0 0 209,038
JD.COM INC SPON ADR CL A 47215P106 3,458 41,000 SH   SOLE   41,000 0 0
KE HLDGS INC SPONSORED ADS 482497104 430 7,542 SH   SOLE   7,542 0 0
KE HLDGS INC SPONSORED ADS 482497104 65 1,137 SH   DFND   0 0 1,137
LEGEND BIOTECH CORP SPONSORED ADS 52490G102 116 4,007 SH   SOLE   4,007 0 0
LEGEND BIOTECH CORP SPONSORED ADS 52490G102 333 11,481 SH   DFND   0 0 11,481
MINISO GROUP HLDG LTD SPONSORED ADS 66981J102 924 38,456 SH   SOLE   38,456 0 0
MINISO GROUP HLDG LTD SPONSORED ADS 66981J102 53 2,200 SH   DFND   0 0 2,200
NETEASE INC SPONSORED ADS 64110W102 28,116 272,287 SH   SOLE   272,287 0 0
NETEASE INC SPONSORED ADS 64110W102 23,023 222,960 SH   DFND   0 0 222,960
NEW ORIENTAL ED & TECHNOLOGY SPON ADR 647581107 1,316 93,980 SH   SOLE   93,980 0 0
NEW ORIENTAL ED & TECHNOLOGY SPON ADR 647581107 974 69,590 SH   DFND   0 0 69,590
PINDUODUO INC SPONSORED ADS 722304102 32,631 243,730 SH   DFND   0 0 243,730
PINDUODUO INC SPONSORED ADS 722304102 97,368 727,277 SH   SOLE   727,277 0 0
RLX TECHNOLOGY INC SPONSORED ADS 74969N103 0 48 SH   DFND   0 0 48
RLX TECHNOLOGY INC SPONSORED ADS 74969N103 4 369 SH   SOLE   369 0 0
STAAR SURGICAL CO COM PAR $0.01 852312305 2,352 22,310 SH   DFND   0 0 22,310
STAAR SURGICAL CO COM PAR $0.01 852312305 8,700 82,533 SH   SOLE   82,533 0 0
TAL EDUCATION GROUP SPONSORED ADS 874080104 13,521 251,085 SH   SOLE   251,085 0 0
TAL EDUCATION GROUP SPONSORED ADS 874080104 23,710 440,299 SH   DFND   0 0 440,299
TUYA INC SPONSERED ADS 90114C107 38 1,783 SH   SOLE   1,783 0 0
TUYA INC SPONSERED ADS 90114C107 110 5,190 SH   DFND   0 0 5,190
VIPSHOP HOLDINGS LIMITED SPONSORED ADS A 92763W103 11,048 370,000 SH   SOLE   370,000 0 0
WEIBO CORP SPONSORED ADR 948596101 55,459 1,099,071 SH   SOLE   1,099,071 0 0
WEIBO CORP SPONSORED ADR 948596101 1,009 20,000 SH   DFND   0 0 20,000
ZTO EXPRESS CAYMAN INC SPONSORED ADS A 98980A105 14,449 495,671 SH   SOLE   495,671 0 0
ZTO EXPRESS CAYMAN INC SPONSORED ADS A 98980A105 5,260 180,451 SH   DFND   0 0 180,451