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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
BAIDU INC SPON ADR REP A 056752108 160,257 684,243 SH   DFND 1 684,243 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 99,876 1,406,312 SH   DFND 1 1,406,312 0 0
HOLLYSYS AUTOMATION TECHNOLO SHS G45667105 3,748 168,282 SH   DFND 1 168,282 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 116,962 2,533,300 SH Put DFND 1 2,533,300 0 0
MELCO RESORT ENTERTAINMENT L ADR 585464100 51,883 1,786,600 SH   DFND 1 1,786,600 0 0
QUDIAN INC ADR 747798106 11,030 879,625 SH   DFND 1 879,625 0 0
YUM CHINA HLDGS INC COM 98850P109 111,110 2,776,373 SH   DFND 1 2,776,373 0 0