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
ACM RESH INC COM CL A 00108J109 3,411 40,000 SH   SOLE   40,000 0 0
ACM RESH INC COM CL A 00108J109 341 4,000 SH   DFND   0 0 4,000
AMAZON COM INC COM 023135106 333 100 SH   SOLE   100 0 0
I MAB SPONSORED ADS 44975P103 13 280 SH   DFND   0 0 280
I MAB SPONSORED ADS 44975P103 1,725 36,398 SH   SOLE   36,398 0 0
KE HLDGS INC SPONSORED ADS 482497104 6,773 336,613 SH   SOLE   336,613 0 0
KE HLDGS INC SPONSORED ADS 482497104 19,120 950,302 SH   DFND   0 0 950,302
LI AUTO INC SPONSORED ADS 50202M102 3,852 120,000 SH   SOLE   120,000 0 0
NETEASE INC SPONSORED ADS 64110W102 1,337 13,135 SH   SOLE   13,135 0 0
NETEASE INC SPONSORED ADS 64110W102 11,118 109,234 SH   DFND   0 0 109,234
PINDUODUO INC SPONSORED ADS 722304102 23,631 405,335 SH   DFND   0 0 405,335
PINDUODUO INC SPONSORED ADS 722304102 27,158 465,839 SH   SOLE   465,839 0 0
XPENG INC ADS 98422D105 16,106 320,000 SH   SOLE   320,000 0 0
XPENG INC ADS 98422D105 503 10,000 SH   DFND   0 0 10,000
YUM CHINA HLDGS INC COM 98850P109 2,480 49,750 SH   DFND   0 0 49,750
ZTO EXPRESS CAYMAN INC SPONSORED ADS A 98980A105 41,431 1,468,147 SH   SOLE   1,468,147 0 0
ZTO EXPRESS CAYMAN INC SPONSORED ADS A 98980A105 1,879 66,584 SH   DFND   0 0 66,584