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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
360 DIGITECH INC AMERICAN DEP 88557W101   20,788,342 1,071,564 SH   DFND 1 0 1,071,564 0
ACM RESH INC COM CL A 00108J109   2,825,550 241,500 SH   DFND 1 0 241,500 0
AEHR TEST SYS COM 00760J108   2,652,210 85,500 SH   DFND 1 0 85,500 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102   97,939,019 958,495 SH   DFND 1 0 958,495 0
ASML HOLDING N V N Y REGISTRY SHS N07059210   3,539,692 5,200 SH   DFND 1 0 5,200 0
ATOUR LIFESTYLE HOLDINGS LTD SPONSORED ADS 04965M106   3,153,771 120,327 SH   DFND 1 0 120,327 0
BAIDU INC SPON ADR REP A 056752108   56,053,348 371,411 SH   DFND 1 0 371,411 0
BLOOM ENERGY CORP COM CL A 093712107   1,559,821 78,265 SH   DFND 1 0 78,265 0
CREDO TECHNOLOGY GROUP HOLDI ORDINARY SHARES G25457105   3,579,600 380,000 SH   DFND 1 0 380,000 0
DAQO NEW ENERGY CORP SPNSRD ADS NEW 23703Q203   6,069,761 129,585 SH   DFND 1 0 129,585 0
DELL TECHNOLOGIES INC CL C 24703L202   2,211,550 55,000 SH   DFND 1 0 55,000 0
FUTU HLDGS LTD SPON ADS CL A 36118L106   19,929,429 384,367 SH   DFND 1 0 384,367 0
GAOTU TECHEDU INC SPONSORED ADS 36257Y109   10,893,225 2,581,333 SH   DFND 1 0 2,581,333 0
GDS HLDGS LTD SPONSORED ADS 36165L108   117,633 6,304 SH   DFND 1 0 6,304 0
H WORLD GROUP LTD SPONSORED ADS 44332N106   7,176,354 146,516 SH   DFND 1 0 146,516 0
HESAI GROUP SPONSORED ADS 428050108   2,826,632 182,717 SH   DFND 1 0 182,717 0
HEWLETT PACKARD ENTERPRISE C COM 42824C109   1,945,690 122,140 SH   DFND 1 0 122,140 0
INTEL CORP COM 458140100   4,439,494 135,889 SH   DFND 1 0 135,889 0
JOYY INC ADS REPSTG COM A 46591M109   34,914,460 1,119,771 SH   DFND 1 0 1,119,771 0
KE HLDGS INC SPONSORED ADS 482497104   37,277,220 1,978,621 SH   DFND 1 0 1,978,621 0
LI AUTO INC SPONSORED ADS 50202M102   581,335 23,300 SH   DFND 1 0 23,300 0
MINISO GROUP HLDG LTD SPONSORED ADS 66981J102   4,899,025 276,157 SH   DFND 1 0 276,157 0
NEW ORIENTAL ED & TECHNOLOGY SPON ADR 647581206   25,413,720 658,216 SH   DFND 1 0 658,216 0
NIO INC SPON ADS 62914V106   116,661 11,100 SH   DFND 1 0 11,100 0
NVIDIA CORPORATION COM 67066G104   11,277,462 40,600 SH   DFND 1 0 40,600 0
PDD HOLDINGS INC SPONSORED ADS 722304102   10,200,949 134,400 SH   DFND 1 0 134,400 0
PHOTRONICS INC COM 719405102   1,155,626 69,700 SH   DFND 1 0 69,700 0
RLX TECHNOLOGY INC SPONSORED ADS 74969N103   1,039,070 358,300 SH   DFND 1 0 358,300 0
STMICROELECTRONICS N V NY REGISTRY 861012102   3,027,534 56,600 SH   DFND 1 0 56,600 0
SYNAPTICS INC COM 87157D109   2,045,160 18,400 SH   DFND 1 0 18,400 0
TRIP COM GROUP LTD ADS 89677Q107   6,766,361 179,622 SH   DFND 1 0 179,622 0
UNIVERSAL DISPLAY CORP COM 91347P105   2,528,619 16,300 SH   DFND 1 0 16,300 0
WESTERN DIGITAL CORP. COM 958102105   6,219,317 165,100 SH   DFND 1 0 165,100 0
ZHIHU INC ADS 98955N108   15,198,361 11,967,213 SH   DFND 1 0 11,967,213 0