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
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 54,990 301,400 SH Put DFND 1 301,400 0 0
BAIDU INC SPON ADR REP A 056752108 173,380 1,051,743 SH   DFND 1 1,051,743 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 144,809 1,998,748 SH   DFND 1 1,998,748 0 0
HOLLYSYS AUTOMATION TECHNOLO SHS G45667105 3,028 144,582 SH   DFND 1 144,582 0 0
INVESCO QQQ TR UNIT SER 1 46090E103 4,959 27,600 SH Put DFND 1 27,600 0 0
IPG PHOTONICS CORP COM 44980X109 2,003 13,200 SH   DFND 1 13,200 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 100,936 2,280,000 SH Put DFND 1 2,280,000 0 0
MELCO RESORTS AND ENTMT LTD ADR 585464100 60,673 2,685,856 SH   DFND 1 2,685,856 0 0
NEW ORIENTAL ED & TECH GRP I SPON ADR 647581107 3,393 37,665 SH   DFND 1 37,665 0 0
NEW ORIENTAL ED & TECH GRP I SPON ADR 647581107 2,865 31,800 SH Put DFND 1 31,800 0 0
PROSHARES TR II SHT VIX ST TRM 74347W130 982 18,750 SH   DFND 1 18,750 0 0