Instuitional Investor - Serenity Capital Management Pte. Ltd.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Zto Express (Cayman) Inc.	ZTO	5,056,987	$127,284,363	30.72%
2.	Tal Education Group	TAL	4,730,377	$53,784,386	12.98%
3.	H World Group Ltd	HTHT	958,957	$48,225,948	11.64%
4.	New Oriental Education & Technology Group Inc.	EDU	656,878	$37,199,001	8.98%
5.	Pdd Holdings Inc.	PDD	360,000	$36,784,800	8.88%