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 |
| ALPHABET INC | CAP STK CL A | 02079K305 | 11,041,296 | 71,400 | SH | SOLE | 01 | 71,400 | 0 | 0 | |
| CHINA YUCHAI INTL LTD | COM | G21082105 | 3,382,505 | 199,088 | SH | SOLE | 01 | 199,088 | 0 | 0 | |
| DAQO NEW ENERGY CORP | SPNSRD ADS NEW | 23703Q203 | 9,632,873 | 531,909 | SH | SOLE | 01 | 531,909 | 0 | 0 | |
| LI AUTO INC | SPONSORED ADS | 50202M102 | 5,395,320 | 214,100 | SH | SOLE | 01 | 214,100 | 0 | 0 | |
| LOCKHEED MARTIN CORP | COM | 539830109 | 11,927,156 | 26,700 | SH | SOLE | 01 | 26,700 | 0 | 0 | |
| NETEASE INC | SPONSORED ADS | 64110W102 | 10,631,636 | 103,300 | SH | SOLE | 01 | 103,300 | 0 | 0 | |
| PDD HOLDINGS INC | SPONSORED ADS | 722304102 | 1,893,600 | 16,000 | SH | SOLE | 01 | 16,000 | 0 | 0 | |
| SCHLUMBERGER LTD | COM STK | 806857108 | 1,881,000 | 45,000 | SH | SOLE | 01 | 45,000 | 0 | 0 | |
| SPDR GOLD TR | GOLD SHS | 78463V107 | 14,925,652 | 51,800 | SH | SOLE | 01 | 51,800 | 0 | 0 | |
| SPINNAKER ETF SERIES | SELECT STOXX EUR | 84858T772 | 2,168,117 | 64,662 | SH | SOLE | 01 | 64,662 | 0 | 0 | |
| TAPESTRY INC | COM | 876030107 | 880,477 | 12,505 | SH | SOLE | 01 | 12,505 | 0 | 0 | |
| TRIP COM GROUP LTD | ADS | 89677Q107 | 17,459,068 | 274,600 | SH | SOLE | 01 | 274,600 | 0 | 0 | |