# EDGAR Filing Document

**Accession Number:** 0001483503
**File Stem:** 0001021408-25-001547
**Filing Date:** 2025-8
**Character Count:** 21329
**Document Hash:** 78864952146fb7366b9a0bcf025b60fc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001021408-25-001547.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001021408-25-001547

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TB Alternative Assets Ltd.
- **CENTRAL INDEX KEY:** 0001483503

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-13681
- **FILM NUMBER:** 251213811

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** C/O MAPLES CORPORATE SERVICES LIMITED
- **STREET 2:** UGLAND HOUSE
- **CITY:** GRAND CAYMAN
- **PROVINCE COUNTRY:** E9
- **BUSINESS PHONE:** 852-3727-0300

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 2001, AGRICULTURAL BANK OF CHINA TOWER
- **STREET 2:** 50 CONNAUGHT ROAD CENTRAL, CENTRAL
- **CITY:** HONG KONG
- **PROVINCE COUNTRY:** K3
- **ZIP:** 00000

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001483503

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Institutional Manager

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** TB Alternative Assets Ltd.

**Address:** 2001, Agricultural Bank of China Tower, Hong Kong, K3 00000

**Telephone number:** 852-3727-0322

**Name of agent for service:** —

**Agent Address:** —, —, — —

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 801-100451

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** —

**Report Type (check only one):**

Institutional Manager.

- [x] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 0

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                  | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                                                                                                                                                                                            | VOTE CATEGORY                |   SHARES VOTED |   SHARES ON LOAN | HOW VOTED   |   SHARES VOTED FOR OR AGAINST MANAGEMENT | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| APPLE INC.                      | 037833100 | 2/25/2025      | Advisory vote to approve executive compensation                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |           6953 |                0 | FOR         |                                     6953 | FOR                         |  |
| APPLE INC.                      | 037833100 | 2/25/2025      | Advisory vote to approve executive compensation                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |           9697 |                0 | FOR         |                                     9697 | FOR                         |  |
| THE WALT DISNEY COMPANY         | 254687106 | 3/20/2025      | Consideration of an advisory vote to approve executive compensation.                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          57857 |                0 | FOR         |                                    57857 | FOR                         |  |
| THE WALT DISNEY COMPANY         | 254687106 | 3/20/2025      | Consideration of an advisory vote to approve executive compensation.                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          88403 |                0 | FOR         |                                    88403 | FOR                         |  |
| THE BOEING COMPANY              | 097023105 | 4/24/2025      | Approve, on an Advisory Basis, Named Executive Officer Compensation.                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          97627 |                0 | FOR         |                                    97627 | FOR                         |  |
| THE BOEING COMPANY              | 097023105 | 4/24/2025      | Approve, on an Advisory Basis, Named Executive Officer Compensation.                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         155040 |                0 | FOR         |                                   155040 | FOR                         |  |
| CONSTELLATION ENERGY CORP       | 21037T109 | 4/29/2025      | To consider and act on an advisory vote regarding the approval of compensation paid to named executive officers                                                                                             | SECTION 14A SAY-ON-PAY VOTES |          55030 |                0 | FOR         |                                    55030 | FOR                         |  |
| CONSTELLATION ENERGY CORP       | 21037T109 | 4/29/2025      | To consider and act on an advisory vote regarding the approval of compensation paid to named executive officers                                                                                             | SECTION 14A SAY-ON-PAY VOTES |          87263 |                0 | FOR         |                                    87263 | FOR                         |  |
| MODERNA, INC.                   | 60770K107 | 4/30/2025      | To approve, on a non-binding, advisory basis, the compensation of our named executive officers.                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |         283713 |                0 | FOR         |                                   283713 | FOR                         |  |
| MODERNA, INC.                   | 60770K107 | 4/30/2025      | To approve, on a non-binding, advisory basis, the compensation of our named executive officers.                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |         482957 |                0 | FOR         |                                   482957 | FOR                         |  |
| ELI LILLY AND COMPANY           | 532457108 | 5/5/2025       | Approval, on an advisory basis, of the compensation paid to the company's named executive officers.                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |            400 |                0 | FOR         |                                      400 | FOR                         |  |
| ELI LILLY AND COMPANY           | 532457108 | 5/5/2025       | Approval, on an advisory basis, of the compensation paid to the company's named executive officers.                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |            190 |                0 | FOR         |                                      190 | FOR                         |  |
| ALNYLAM PHARMACEUTICALS, INC.   | 02043Q107 | 5/8/2025       | To approve, in a non-binding advisory vote, the compensation of Alnylam's named executive officers.                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |           3368 |                0 | FOR         |                                     3368 | FOR                         |  |
| ALNYLAM PHARMACEUTICALS, INC.   | 02043Q107 | 5/8/2025       | To approve, in a non-binding advisory vote, the compensation of Alnylam's named executive officers.                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |           5800 |                0 | FOR         |                                     5800 | FOR                         |  |
| CNH INDUSTRIAL N V              | N20944109 | 5/12/2025      | Approval of executive compensation ("Say on Pay") (advisory voting item)                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          38398 |                0 | FOR         |                                    38398 | FOR                         |  |
| CNH INDUSTRIAL N V              | N20944109 | 5/12/2025      | Approval of executive compensation ("Say on Pay") (advisory voting item)                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          65400 |                0 | FOR         |                                    65400 | FOR                         |  |
| AMAZON.COM, INC.                | 023135106 | 5/21/2025      | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |          15018 |                0 | FOR         |                                    15018 | FOR                         |  |
| AMAZON.COM, INC.                | 023135106 | 5/21/2025      | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |          49867 |                0 | FOR         |                                    49867 | FOR                         |  |
| NUSCALE POWER CORPORATION       | 67079K100 | 5/23/2025      | An advisory vote to approve the Company's executive compensation.                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |         114810 |                0 | FOR         |                                   114810 | FOR                         |  |
| NUSCALE POWER CORPORATION       | 67079K100 | 5/23/2025      | An advisory vote to approve frequency of future advisory votes on the Company's executive compensation.                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |         114810 |                0 | 1 YEAR      |                                   114810 | FOR                         |  |
| NUSCALE POWER CORPORATION       | 67079K100 | 5/23/2025      | An advisory vote to approve the Company's executive compensation.                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |         195031 |                0 | FOR         |                                   195031 | FOR                         |  |
| NUSCALE POWER CORPORATION       | 67079K100 | 5/23/2025      | An advisory vote to approve frequency of future advisory votes on the Company's executive compensation.                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |         195031 |                0 | 1 YEAR      |                                   195031 | FOR                         |  |
| THE TRADE DESK, INC.            | 88339J105 | 5/27/2025      | The approval, on a non-binding, advisory basis, the compensation of our named executive officers.                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          33703 |                0 | FOR         |                                    33703 | FOR                         |  |
| THE TRADE DESK, INC.            | 88339J105 | 5/27/2025      | The approval, on a non-binding, advisory basis, the compensation of our named executive officers.                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          57500 |                0 | FOR         |                                    57500 | FOR                         |  |
| META PLATFORMS, INC.            | 30303M102 | 5/28/2025      | To approve, on a non-binding advisory basis, the compensation program for Meta Platforms, Inc.'s named executive officers as disclosed in Meta Platforms, Inc.'s proxy statement.                           | SECTION 14A SAY-ON-PAY VOTES |          41589 |                0 | FOR         |                                    41589 | FOR                         |  |
| META PLATFORMS, INC.            | 30303M102 | 5/28/2025      | To vote, on a non-binding advisory basis, whether a non-binding advisory vote on the compensation program for Meta Platforms, Inc.'s named executive officers should be held every one, two or three years. | SECTION 14A SAY-ON-PAY VOTES |          41589 |                0 | 3 YEARS     |                                    41589 | FOR                         |  |
| META PLATFORMS, INC.            | 30303M102 | 5/28/2025      | To approve, on a non-binding advisory basis, the compensation program for Meta Platforms, Inc.'s named executive officers as disclosed in Meta Platforms, Inc.'s proxy statement.                           | SECTION 14A SAY-ON-PAY VOTES |          18974 |                0 | FOR         |                                    18974 | FOR                         |  |
| META PLATFORMS, INC.            | 30303M102 | 5/28/2025      | To vote, on a non-binding advisory basis, whether a non-binding advisory vote on the compensation program for Meta Platforms, Inc.'s named executive officers should be held every one, two or three years. | SECTION 14A SAY-ON-PAY VOTES |          18974 |                0 | 3 YEARS     |                                    18974 | FOR                         |  |
| SUPER MICRO COMPUTER INC.       | 86800U302 | 6/4/2025       | To approve, on a non-binding advisory basis, the compensation of the named executive officers as disclosed in the proxy statement.                                                                          | SECTION 14A SAY-ON-PAY VOTES |         160643 |                0 | FOR         |                                   160643 | FOR                         |  |
| SUPER MICRO COMPUTER INC.       | 86800U302 | 6/4/2025       | To approve, on a non-binding advisory basis, the compensation of the named executive officers as disclosed in the proxy statement.                                                                          | SECTION 14A SAY-ON-PAY VOTES |          94219 |                0 | FOR         |                                    94219 | FOR                         |  |
| REGENERON PHARMACEUTICALS, INC. | 75886F107 | 6/13/2025      | Proposal to approve, on an advisory basis, executive compensation.                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |           2000 |                0 | FOR         |                                     2000 | FOR                         |  |
| REGENERON PHARMACEUTICALS, INC. | 75886F107 | 6/13/2025      | Proposal to approve, on an advisory basis, executive compensation.                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |           1158 |                0 | FOR         |                                     1158 | FOR                         |  |
| CELESTICA INC.                  | 15101Q207 | 6/17/2025      | Advisory vote to approve named executive officer compensation.                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |           6608 |                0 | FOR         |                                     6608 | FOR                         |  |
| CELESTICA INC.                  | 15101Q207 | 6/17/2025      | Advisory vote on the frequency of executive compensation advisory vote.                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |           6608 |                0 | 1 YEAR      |                                     6608 | FOR                         |  |
| CELESTICA INC.                  | 15101Q207 | 6/17/2025      | Advisory vote to approve named executive officer compensation.                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |          11200 |                0 | FOR         |                                    11200 | FOR                         |  |
| CELESTICA INC.                  | 15101Q207 | 6/17/2025      | Advisory vote on the frequency of executive compensation advisory vote.                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |          11200 |                0 | 1 YEAR      |                                    11200 | FOR                         |  |
| COINBASE GLOBAL, INC.           | 19260Q107 | 6/18/2025      | Approval, on a non-binding advisory basis, of the compensation of our named executive officers.                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |          19746 |                0 | FOR         |                                    19746 | FOR                         |  |
| COINBASE GLOBAL, INC.           | 19260Q107 | 6/18/2025      | Approval, on a non-binding advisory basis, of the compensation of our named executive officers.                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |          33700 |                0 | FOR         |                                    33700 | FOR                         |  |
| CENTRUS ENERGY CORP.            | 15643U104 | 6/20/2025      | To hold an advisory vote to approve the Company's executive compensation.                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |          56970 |                0 | FOR         |                                    56970 | FOR                         |  |
| CENTRUS ENERGY CORP.            | 15643U104 | 6/20/2025      | To hold an advisory vote to approve the Company's executive compensation.                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |          87904 |                0 | FOR         |                                    87904 | FOR                         |  |
| EBAY INC.                       | 278642103 | 6/25/2025      | Advisory vote to approve named executive officer compensation.                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |          23593 |                0 | FOR         |                                    23593 | FOR                         |  |
| EBAY INC.                       | 278642103 | 6/25/2025      | Advisory vote to approve named executive officer compensation.                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |          40110 |                0 | FOR         |                                    40110 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** TB Alternative Assets Ltd.

**By (Signature):** Shujun Li

**By (Printed Signature):** Shujun Li

**By (Title):** Director

**Date:** 08/13/2025