UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
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| 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 | 26,446,000 | 200,000 | SH | Put | DFND | 1,2 | 0 | 0 | 0 |
| BAIDU INC | SPON ADR REP A | 056752108 | 9,203,000 | 100,000 | SH | Put | DFND | 1,2 | 0 | 0 | 0 |
| JD.COM INC | SPON ADS CL A | 47215P106 | 16,448,000 | 400,000 | SH | Put | DFND | 1,2 | 0 | 0 | 0 |
| LAUDER ESTEE COS INC | CL A | 518439104 | 13,200,000 | 200,000 | SH | DFND | 1,2 | 200,000 | 0 | 0 | |
| NVIDIA CORPORATION | COM | 67066G104 | 97,542,000 | 900,000 | SH | Put | DFND | 1,2 | 0 | 0 | 0 |
| PDD HOLDINGS INC | SPONSORED ADS | 722304102 | 23,670,000 | 200,000 | SH | Put | DFND | 1,2 | 0 | 0 | 0 |
| TRIP COM GROUP LTD | ADS | 89677Q107 | 12,716,000 | 200,000 | SH | Put | DFND | 1,2 | 0 | 0 | 0 |