Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
EDU	NEW ORIENTAL ED & TECHNOLOGY	536,351	$24.62M	8.5%	$45.91	—	—	CALL	647581206
JD	JD.COM INC	8,443	$21.51M	7.4%	$2548.00	—	—	CALL	47215P106
BILI	BILIBILI INC	6,230	$10.61M	3.6%	$1703.00	—	—	CALL	090040106
PSIX	POWER SOLUTIONS INTL INC	133,500	$5.192M	1.8%	$38.89	—	—	COM NEW	73933G202
BIOA	BIOAGE LABS INC	170,532	$4.18M	1.4%	$24.51	—	—	COM	09077V100
TOUR	TUNIU CORP	31,443	$152K	0.1%	$4.83	—	—	SPONSORED ADS	89977P205

Increased Positions (4)

BILI BILIBILI INC 8.7%

Value $25.37M (+52.0%) Shares 1,489,815 (+101.3%) Share Price $17.03 Est. Cost/Share — Unrealized @ Report Date —

VRDN VIRIDIAN THERAPEUTICS INC 2.5%

Value $7.357M (+80.2%) Shares 400,464 (+91.9%) Share Price $18.37 Est. Cost/Share — Unrealized @ Report Date —

YSG YATSEN HLDG LTD 1.0%

Value $2.999M (+22.1%) Shares 946,193 (+18.6%) Share Price $3.17 Est. Cost/Share — Unrealized @ Report Date —

ZEPP ZEPP HEALTH CORPORATION 0.4%

Value $1.149M (+66.5%) Shares 220,501 (+281.9%) Share Price $5.21 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BILI	BILIBILI INC	1,489,815 (+101.3%)	$25.37M (+52.0%)	8.7%	$17.03	—	—	SPONS ADS REP Z	090040106
VRDN	VIRIDIAN THERAPEUTICS INC	400,464 (+91.9%)	$7.357M (+80.2%)	2.5%	$18.37	—	—	COM	92790C104
YSG	YATSEN HLDG LTD	946,193 (+18.6%)	$2.999M (+22.1%)	1.0%	$3.17	—	—	SPONSORED ADS	985194208
ZEPP	ZEPP HEALTH CORPORATION	220,501 (+281.9%)	$1.149M (+66.5%)	0.4%	$5.21	—	—	SPONSORED ADR	98945L204

Exited Positions (2)

CLBT CELLEBRITE DI LTD 0.2%

Value $634K Shares 46,000 Share Price $13.78 Est. Cost/Share — Unrealized @ Report Date —

TOUR TUNIU CORP 0.1%

Value $242K Shares 314,437 Share Price $0.77 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
CLBT	CELLEBRITE DI LTD	46,000	$634K	0.2%	$13.78	—	—	—	M2197Q107
TOUR	TUNIU CORP	314,437	$242K	0.1%	$0.77	—	—	—	89977P106

Decreased Positions (4)

EDU NEW ORIENTAL ED & TECHNOLOGY 2.6%

Value $7.511M (-64.8%) Shares 1,636 (-99.6%) Share Price $4591.00 Est. Cost/Share — Unrealized @ Report Date —

SVCO SILVACO GROUP INC 4.3%

Value $12.5M (+61.0%) Shares 906,381 (-17.3%) Share Price $13.79 Est. Cost/Share — Unrealized @ Report Date —

HNGE HINGE HEALTH INC 4.5%

Value $12.96M (+13.3%) Shares 156,190 (-47.4%) Share Price $83.00 Est. Cost/Share — Unrealized @ Report Date —

KYMR KYMERA THERAPEUTICS INC 2.5%

Value $7.275M (+18.9%) Shares 63,440 (-13.6%) Share Price $114.67 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
EDU	NEW ORIENTAL ED & TECHNOLOGY	1,636 (-99.6%)	$7.511M (-64.8%)	2.6%	$4591.00	—	—	SPON ADR	647581206
SVCO	SILVACO GROUP INC	906,381 (-17.3%)	$12.5M (+61.0%)	4.3%	$13.79	—	—	COM	82728C102
HNGE	HINGE HEALTH INC	156,190 (-47.4%)	$12.96M (+13.3%)	4.5%	$83.00	—	—	CL A	433313103
KYMR	KYMERA THERAPEUTICS INC	63,440 (-13.6%)	$7.275M (+18.9%)	2.5%	$114.67	—	—	COM	501575104

Unchanged Positions (14)

HTHT H WORLD GROUP LTD 4.6%

Value $13.49M Shares 323,371 Share Price $41.72 Est. Cost/Share — Unrealized @ Report Date —

RERE ATRENEW INC 4.2%

Value $12.24M Shares 3,163,117 Share Price $3.87 Est. Cost/Share — Unrealized @ Report Date —

JD JD.COM INC 5.2%

Value $15.05M Shares 590,513 Share Price $25.48 Est. Cost/Share — Unrealized @ Report Date —

PONY PONY AI INC 1.6%

Value $4.54M Shares 653,215 Share Price $6.95 Est. Cost/Share — Unrealized @ Report Date —

TAL TAL ED GROUP 2.5%

Value $7.266M Shares 759,240 Share Price $9.57 Est. Cost/Share — Unrealized @ Report Date —

TCOM TRIP COM GROUP LTD 1.2%

Value $3.51M Shares 88,112 Share Price $39.84 Est. Cost/Share — Unrealized @ Report Date —

DBVT DBV TECHNOLOGIES S A 1.0%

Value $2.79M Shares 170,142 Share Price $16.40 Est. Cost/Share — Unrealized @ Report Date —

JOYY JOYY INC 1.9%

Value $5.648M Shares 85,583 Share Price $65.99 Est. Cost/Share — Unrealized @ Report Date —

NOAH NOAH HLDGS LTD 23.0%

Value $67.11M Shares 6,717,351 Share Price $9.99 Est. Cost/Share — Unrealized @ Report Date —

BILL BILL HOLDINGS INC 2.8%

Value $8.057M Shares 222,820 Share Price $36.16 Est. Cost/Share — Unrealized @ Report Date —

API AGORA INC 1.0%

Value $2.896M Shares 725,795 Share Price $3.99 Est. Cost/Share — Unrealized @ Report Date —

PASG PASSAGE BIO INC 0.1%

Value $420K Shares 86,097 Share Price $4.88 Est. Cost/Share — Unrealized @ Report Date —

BEAM BEAM THERAPEUTICS INC 0.2%

Value $725K Shares 21,126 Share Price $34.32 Est. Cost/Share — Unrealized @ Report Date —

YMM FULL TRUCK ALLIANCE CO LTD 1.4%

Value $4.168M Shares 513,248 Share Price $8.12 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
HTHT	H WORLD GROUP LTD	323,371	$13.49M	4.6%	$41.72	—	—	SPONSORED ADS	44332N106
RERE	ATRENEW INC	3,163,117	$12.24M	4.2%	$3.87	—	—	SPONSORED ADS	00138L108
JD	JD.COM INC	590,513	$15.05M	5.2%	$25.48	—	—	SPON ADS CL A	47215P106
PONY	PONY AI INC	653,215	$4.54M	1.6%	$6.95	—	—	SPONSORED ADS	732908108
TAL	TAL ED GROUP	759,240	$7.266M	2.5%	$9.57	—	—	SPONSORED ADS	874080104
TCOM	TRIP COM GROUP LTD	88,112	$3.51M	1.2%	$39.84	—	—	ADS	89677Q107
DBVT	DBV TECHNOLOGIES S A	170,142	$2.79M	1.0%	$16.40	—	—	SPONSORED ADS	23306J309
JOYY	JOYY INC	85,583	$5.648M	1.9%	$65.99	—	—	ADS REPSTG COM A	46591M109
NOAH	NOAH HLDGS LTD	6,717,351	$67.11M	23.0%	$9.99	—	—	SPON ADS	65487X102
BILL	BILL HOLDINGS INC	222,820	$8.057M	2.8%	$36.16	—	—	COM	090043100
API	AGORA INC	725,795	$2.896M	1.0%	$3.99	—	—	ADS	00851L103
PASG	PASSAGE BIO INC	86,097	$420K	0.1%	$4.88	—	—	COM NEW	702712209
BEAM	BEAM THERAPEUTICS INC	21,126	$725K	0.2%	$34.32	—	—	COM	07373V105
YMM	FULL TRUCK ALLIANCE CO LTD	513,248	$4.168M	1.4%	$8.12	—	—	SPONSORED ADS	35969L108