郭文贵破产案 · ECF #1529

| ·1 | Page 1 | |----|------------------------------------------------------------------------------------------------------------------| | | ·2· ·UNITED STATES BANKRUPTCY COURT | | | ·3· ·DISTRICT OF CONNECTICUT | | | ·4· ·BRIDGEPORT DIVISION | | | ·5· ·---------------------------------------X | | | ·6· ·In Re: | | | · · · · · · · · · · · · · · · · · · · · · · ·Chapter 11<br>·7· · · · · · ·HO WAN KWOK,· · · · · · · · · Case No. | | | · · · · · · · · · · · · · · · · · · · · · · ·22-50073 (JAM)<br>·8· · · · · · · · · · · ·Debtor. | | | ·9· ·---------------------------------------X | | 10 | | | | 11· · · · · · ·VIDEOTAPED DEPOSITION OF MEI GUO | | | 12· · · · · · · · ·Friday, January 20, 2023 | | 13 | | | 14 | | | | 15· ·Reported by: | | | 16· ·Angela M. Shaw-Crockett, CCR, CRR, RMR, CSR | | | 17· ·Job No. 221677 | | 18 | | | 19 | | | 20 | | | 21 | | | 22 | | | 23 | | | 24 | | | 25 | |

Page 2 ·1 ·2 ·3· · · · · · · · ·January 20, 2023 ·4· · · · · · · · ·10:34 a.m. ·5 ·6· ·VIDEOTAPED DEPOSITION OF MEI GUO, held at Chiesa ·7· ·Shahinian & Giantomasi, 11 Times Square, New York, ·8· ·New York, before Angela M. Shaw-Crockett, a ·9· ·Certified Court Reporter, Certified Realtime 10· ·Reporter, Registered Merit Reporter and Notary 11· ·Public of the States of New York, New Jersey, 12· ·and Connecticut. 13 14 15 16 17 18 19 20 21 22 23 24 25

Page 3 ·1· · · · · · · · · · · · · M. Guo ·2· ·A P P E A R A N C E S: ·3· ·PAUL HASTINGS LLP · · · · · · Attorneys for TRUSTEE ·4· · · · · 200 Park Avenue · · · · · · New York, New York 10166 ·5 · · ·BY:· AVRAM LUFT, ESQ. ·6· · · · DOUGLASS BARRON, ESQ. ·7 ·8· ·CHIESA SHAHINIAN & GIANTOMASI PC · · · · · · Attorneys for HK INTERNATIONAL ·9· · · · · MEI GUO · · · · · · One Boland Drive 10· · · · · West Orange, New Jersey 07052 11· ·BY:· ·LEE VARTAN, ESQ. 12 13· ·ZEISLER & ZEISLER, P.C. · · · · · · Attorneys for HK INTERNATIONAL 14· · · · · MEI GUO · · · · · · 10 Middle Street 15· · · · · Bridgeport, Connecticut 06604 16· ·BY:· ·AARON ROMNEY, ESQ. 17 18· ·ALSO PRESENT:· Chris Johnson, The Videographer 19· · · · · · · · · Luyi Song, Law Clerk, Paul Hastings 20· · · · · · · · · Jingyi Wang, Mandarin Interpreter 21· · · · · · · · · Una Wilkinson, Mandarin Check Interpreter 22· · · · · · \*\*· · · · · · · \*\*· · · · · · · ·\*\* 23 24 25

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| ·1· · · · · · · · · · ·M. Guo | Page 4 | |------------------------------------------------------|--------| | ·2· · · · THE VIDEOGRAPHER:· We are now on the | | | ·3· ·record.· This is the start of media labeled | | | ·4· ·number 1 of the video-recorded deposition of | | | ·5· ·Mei Guo in the matter in reference to | | | ·6· ·Ho Wan Kwok in the United States Bankruptcy | | | ·7· ·Court, District of Connecticut, Bridgeport | | | ·8· ·Division, Chapter 11, Case Number 22-50073 | | | ·9· ·(JAM). | | | 10· · · · This deposition is being held at Chiesa | | | 11· ·Shahinian & Giantomasi PC, 11 Times Square, | | | 12· ·34th Floor, New York, New York 10001. | | | 13· · · · Today is Friday, January 20, 2023.· The | | | 14· ·time on the video monitor is approximately | | | 15· ·10:34 a.m. | | | 16· · · · My name is Chris Johnson.· I'm the legal | | | 17· ·video specialist from TSG Reporting | | | 18· ·Incorporated, headquartered at 228 East 45th | | | 19· ·Street, Suite 810, New York, New York 10017. | | | 20· · · · The court reporter today is | | | 21· ·Angela Shaw-Crockett, also in association with | | | 22· ·TSG Reporting. | | | 23· · · · Would all counsel present please introduce | | | 24· ·yourselves and the parties you represent. | | | 25· · · · MR. LUFT:· My name is Avi Luft.· I'm with | | | | |

Page 5 ·1· · · · · · · · · · · · · M. Guo ·2· · · · the law firm of Paul Hastings.· I represent the ·3· · · · Chapter 11 Trustee in this matter. ·4· · · · · · ·With me are my colleague, Doug Barron, and ·5· · · · law clerk Luyi Song. ·6· · · · · · ·MR. VARTAN:· Good morning.· Lee Vartan ·7· · · · from the law firm of Chiesa Shahinian & ·8· · · · Giantomasi.· We won't hold that against the ·9· · · · videographer.· We just go by "CSG law."· And I 10· · · · represent both HKI and Mei Guo. 11· · · · · · ·MR. ROMNEY:· My name is Aaron Romney. I'm 12· · · · with Zeisler & Zeisler.· I represent Ms. Guo, 13· · · · HK International.· I also represent the debtor 14· · · · in this proceeding, Mr. Miles Kwok. 15· · · · · · ·THE WITNESS:· Can she put her mask back 16· · · · on? 17· · · · · · ·THE VIDEOGRAPHER:· Will the court reporter 18· · · · please swear in the witness and the 19· · · · interpreters, and we may proceed. 20· ·J I N G Y I· ·W A N G, 21· · · · · having been first duly sworn by a Notary 22· · · · · Public within and for the State of New 23· · · · · York, translated the questions from 24· · · · · English to Mandarin and the answers 25· · · · · from Mandarin to English under oath as

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Page 6 ·1· · · · · · · · · · · · · M. Guo ·2· · · · · follows: ·3· · Mei Guo, having been called as a witness, having been first ·4· ·duly sworn (through an interpreter),· was examined and ·5· ·testified as follows:· EXAMINATION ·6· ·BY MR. LUFT: ·7· · · · Q.· ·Good morning, Ms. Guo.· How are you? ·8· · · · A.· ·Very well, thank you. ·9· · · · Q.· ·Ms. Guo, my understanding is that you're 10· ·going to testify in Mandarin today, which is great, 11· ·but I also understand that you understand some 12· ·English. 13· · · · · · ·Just so we have a clear record, I ask that 14· ·we just do one or the other.· So to the extent we're 15· ·going to use the translator, please wait for the 16· ·translator even if you understand my question in 17· ·English. 18· · · · · · ·Is that okay? 19· · · · A.· ·Okay.· Thank you. 20· · · · · · ·MR. LUFT:· Before we go on, one quick 21· · · · clarification. 22· · · · · · ·Mr. Romney, are you appearing for the 23· · · · debtor for this deposition, or were you just 24· · · · stating that you, in other matters, having to 25· · · · represent the debtor?

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Page 7 ·1· · · · · · · · · · · · · M. Guo ·2· · · · · · ·MR. ROMNEY:· That's a fair point.· The ·3· · · · debtor is not a party to this proceeding, so I ·4· · · · will -- I'm appearing for Ms. Guo -- Guo and ·5· · · · HK International today. ·6· · · · · · ·MR. LUFT:· Got it. ·7· · · · · · ·MR. ROMNEY:· Thank you. ·8· · · · · · ·MR. LUFT:· Great. ·9· ·BY MR. LUFT: 10· · · · Q.· ·Ms. Guo, could I ask you to just state 11· ·your name for the record. 12· · · · A.· ·In English? 13· · · · Q.· ·Please, if you can. 14· · · · A.· ·Mei Guo, M-E-I G-U-O. 15· · · · Q.· ·And Ms. Guo, what is your current 16· ·residence? 17· · · · A.· ·I live in New York. 18· · · · Q.· ·+ Could you please give me what address 19· ·you live in? 20· · · · · · ·MR. VARTAN:· We would just -- for the 21· · · · record, we'd object to giving her exact address 22· · · · for security reasons. 23· · · · · · ·MR. LUFT:· If you'd like to mark it as -- 24· · · · under the protective order as confidential or 25· · · · highly confidential, I'm happy to do so, but I

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| ·1· · · · · · · · · · ·M. Guo | Page 8 | |------------------------------------------------------|--------| | ·2· ·think the witness needs to answer the question. | | | ·3· · · · MR. VARTAN:· I don't know why her precise | | | ·4· ·address in New York City is important.· She | | | ·5· ·lives in the city.· She's made that | | | ·6· ·representation on the record.· I don't know | | | ·7· ·that we need to go deeper than that. | | | ·8· · · · MR. LUFT:· Well, when you do an | | | ·9· ·examination, you can choose to go as deep as | | | 10· ·you like.· I think it's important that we know | | | 11· ·what address she lives at, and I'm entitled to | | | 12· ·know it. | | | 13· · · · And I'm happy to mark it as highly | | | 14· ·confidential, as we're doing with all other | | | 15· ·information that's sensitive in the case, but | | | 16· ·I'd ask the witness to answer the question. | | | 17· · · · MR. VARTAN:· I'll let the translator speak | | | 18· ·first and then I'll respond. | | | 19· · · · I was going to say in response, maybe we | | | 20· ·can move on and address this at a break.<br>I | | | 21· ·don't want to interrupt the beginning of the | | | 22· ·deposition, but I think you know that Ms. Guo | | | 23· ·travels with security. | | | 24· · · · In New York's Supreme Court, | | | 25· ·Justice Ostrager took the rather extraordinary | |

| ·1· · · · · · · · · · ·M. Guo | Page 9 | |------------------------------------------------------|--------| | ·2· ·measure of closing the courtroom when Ms. Guo | | | ·3· ·testified.· So there are real security concerns | | | ·4· ·here. | | | ·5· · · · I understand the confidentiality order, | | | ·6· ·but we don't really see the relevance of her | | | ·7· ·personal address in New York City. | | | ·8· · · · MR. LUFT:· Mr. Vartan, you're new to the | | | ·9· ·case.· Her mother has testified as to her | | | 10· ·address.· Her father has testified as to his | | | 11· ·address.· I assume they have the exact same | | | 12· ·security concerns, handled the same way.<br>I | | | 13· ·don't understand why Ms. Guo would need a | | | 14· ·special dispensation that's been different than | | | 15· ·her mother and father. | | | 16· · · · MR. VARTAN:· The only difference here is | | | 17· ·my understanding is the address is already in | | | 18· ·the public domain, meaning the Greenwich home | | | 19· ·and the Sherry-Netherland are known. | | | 20· · · · I don't believe that Ms. Guo's address has | | | 21· ·ever been made known in any form or fashion. | | | 22· · · · MR. LUFT:· Mr. Vartan, I'd ask that she -- | | | 23· · · · MR. VARTAN:· Let the interpreter -- thank | | | 24· ·you. | | | 25· · · · So again, I don't want to interrupt the | |

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| ·1· · · · · · · · · · ·M. Guo | Page 10 | |-----------------------------------------------------|---------| | ·2· ·flow of the deposition, and I'm happy to | | | ·3· ·address this at a break, but I think we can | | | ·4· ·move on for now and come back to it. | | | ·5· · · · MR. LUFT:· Mr. Vartan, I find this to be | | | ·6· ·obstructive and improper. | | | ·7· · · · Are you instructing your witness not to | | | ·8· ·answer my question? | | | ·9· · · · MR. VARTAN:· So at this time, I'm | | | 10· ·instructing her not to answer.· We can address | | | 11· ·it at a break if need be. | | | 12· · · · MR. LUFT:· Mr. Vartan, there's nothing to | | | 13· ·address at the break.· I asked a perfectly | | | 14· ·appropriate question.· I've conceded that | | | 15· ·you're welcome to use the protective order in | | | 16· ·place. | | | 17· · · · If you'd like to seek relief from the | | | 18· ·court, to get her -- to get a protective order | | | 19· ·for her to not answer the question, you're | | | 20· ·welcome to do so.· Otherwise, I think it's | | | 21· ·improper for you to instruct her not to answer | | | 22· ·a question because it does not relate to any | | | 23· ·privilege. | | | | |

24· · · · And accordingly, I'm going to hold the 25· ·deposition open on this issue because she's not

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Page 11 ·1· · · · · · · · · · · · · M. Guo ·2· · · · answering, and I'm going to move on. ·3· · · · · · ·MR. VARTAN:· Thank you. ·4· · · · · · ·MR. LUFT:· I encourage you to seek relief ·5· · · · from the Court if you want to. ·6· · · · · · ·THE INTERPRETER:· I didn't catch the -- ·7· · · · · · ·MR. LUFT:· I said Mr. Vartan, if he wants ·8· · · · to direct the witness not to answer a question ·9· · · · for nonprivilege reasons, he needs to seek 10· · · · relief from the Court. 11· · · · · · ·THE WITNESS:· Thank you. 12· ·BY MR. LUFT: 13· · · · Q.· ·Ms. Guo, how long have you lived at your 14· ·current residence? 15· · · · A.· ·Two years. 16· · · · Q.· ·Do you live by yourself or with other 17· ·family members? 18· · · · A.· ·By myself. 19· · · · Q.· ·Do you own your apartment -- or let me 20· ·strike that. 21· · · · · · ·What type of home is it? 22· · · · A.· ·An apartment. 23· · · · Q.· ·Are you the owner of the apartment? 24· · · · A.· ·No. 25· · · · Q.· ·Who is the owner of the apartment that you

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| | | ·1· · · · · · · · · · · · · M. Guo | Page 12 | |----------|--------------------------|-----------------------------------------------------------|---------| | | ·2· ·live in? | | | | | | ·3· · · · A.· ·The landowner. | | | | | ·4· · · · Q.· ·Who is the landowner? | | | | | ·5· · · · A.· ·I can't remember. | | | | | ·6· · · · Q.· ·You don't know whose apartment you live | | | ·7· ·in? | | | | | | | ·8· · · · · · ·MR. VARTAN:· Objection. | | | | | ·9· · · · A.· ·I don't remember the name of my landowner. | | | | 10· ·BY MR. LUFT: | | | | | | 11· · · · Q.· ·Do you pay rent to your landowner? | | | | 12· · · · A.· ·Yes. | | | | | | 13· · · · Q.· ·What is the entity to whom you write rent | | | | 14· ·checks? | | | | | | 15· · · · A.· ·I can't remember. | | | | | 16· · · · Q.· ·Do you pay your own rent or does someone | | | | 17· ·pay it for you? | | | | | | 18· · · · A.· ·I pay my own rent. | | | | | 19· · · · Q.· ·How do you pay? | | | | 20· · · · A.· ·By check. | | | | | | 21· · · · Q.· ·Is that check being drawn from a personal | | | | | 22· ·bank account or a corporate bank account? | | | | | 23· · · · A.· ·In personal account. | | | | | 24· · · · Q.· ·What funds you to use to pay for your | | | | 25· ·rent? | | |

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| | ·1· · · · · · · · · · · · · M. Guo | Page 13 | |------------------------|-----------------------------------------------------------|---------| | | ·2· · · · A.· ·Just from my personal bank account. | | | | ·3· · · · Q.· ·What is the source of those funds in the | | | ·4· ·bank account? | | | | | ·5· · · · A.· ·I have my own work. | | | | ·6· · · · Q.· ·Okay.· What do you do for work? | | | | ·7· · · · A.· ·I'm currently an entrepreneur.· I'm a film | | | | ·8· ·director, producer, and scriptwriter. | | | | ·9· · · · Q.· ·Have you sold any scripts? | | | 10· · · · A.· ·No. | | | | | 11· · · · Q.· ·Have you directed films for anyone other | | | 12· ·than yourself? | | | | | 13· · · · A.· ·Yes, back in China. | | | | 14· · · · Q.· ·When you were living in China? | | | 15· · · · A.· ·Yes. | | | | | 16· · · · Q.· ·When was the last film you directed? | | | | 17· · · · A.· ·Are you referring to a short movie or just | | | | 18· ·a regular movie that comes out in the theater? | | | | 19· · · · Q.· ·Why don't we take it in pieces. | | | | 20· · · · · · ·I'll first ask about any film you directed | | | 21· ·for someone else. | | | | | 22· · · · A.· ·I can't remember the specifics.· That was | | | | 23· ·when I was in China.· Together with another | | | | 24· ·director, we did one film. | | | | 25· · · · Q.· ·Were you paid to direct the film? | | | | | |

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| ·1· · · · · · · · · · · · · M. Guo | Page 14 | |-----------------------------------------------------------|---------| | ·2· · · · A.· ·Yes. | | | ·3· · · · Q.· ·How much were you paid to direct that | | | ·4· ·film? | | | ·5· · · · A.· ·I can't remember specifically, but | | | ·6· ·approximately over 100,000 RMB. | | | ·7· · · · Q.· ·Do you recall when you directed that film? | | | ·8· · · · A.· ·It was probably in 2013 or 2014.· I'm not | | | ·9· ·quite sure.· But I think probably 2014. | | | 10· · · · Q.· ·Have you directed any films since you left | | | 11· ·China? | | | 12· · · · · · ·MR. VARTAN:· I'm just going to object to | | | 13· · · · this line of questioning.· I'm happy to put a | | | 14· · · · standing objection on the record.· I gave | | | 15· · · · counsel some latitude, but all of these | | | 16· · · · questions really seem to me to be beyond the | | | 17· · · · scope of why we're here, which is in | | | 18· · · · anticipation of the PJR proceeding. | | | 19· · · · · · ·So what Ms. Guo may have done in China in | | | 20· · · · 2013 or 2014 really just bears absolutely no | | | 21· · · · relevance to anything that will be before the | | | 22· · · · court. | | | 23· · · · · · ·MR. LUFT:· Mr. Vartan | | | 24· ·BY MR. LUFT: | | | 25· · · · Q.· ·You can answer my question. | | | | |

Page 15 ·1· · · · · · · · · · · · · M. Guo ·2· · · · A.· ·Sorry.· I can't remember what the question ·3· ·was. ·4· · · · Q.· ·Have you directed any films since you left ·5· ·China? ·6· · · · · · ·MR. VARTAN:· Same objection. ·7· · · · · · ·Just, Mr. Luft, are you comfortable with ·8· · · · me posing a standing objection or do you want ·9· · · · me to object to every question? 10· · · · · · ·MR. LUFT:· I'm not comfortable with your 11· · · · speaking objections.· But I don't know how -- 12· · · · since I'm going to ask different questions, I 13· · · · don't know what type of standing objection 14· · · · you're asking for. 15· · · · · · ·Are you saying you'd like a standing 16· · · · objection to every question I ask? 17· · · · · · ·MR. VARTAN:· Every question that's beyond 18· · · · the scope of the PJR proceeding.· I'm happy to 19· · · · object question by question. 20· · · · · · ·MR. LUFT:· You can just say "Objection, 21· · · · form," and that will be sufficient. 22· · · · · · ·Particularly given the translator today, 23· · · · let's not waste time with speaking objections. 24· · · · · · ·MR. VARTAN:· Well, I'd ask that we not 25· · · · waste time on irrelevant material.

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Page 16 ·1· · · · · · · · · · · · · M. Guo ·2· · · · · · ·MR. LUFT:· Mr. Vartan, you've said it to ·3· · · · your witness multiple times -- ·4· · · · · · ·MR. VARTAN:· I'm speaking to you. ·5· · · · · · ·MR. LUFT:· It's not irrelevant.· Okay? ·6· · · · Again, I don't know if this is because you're ·7· · · · brand new to the case or not.· But the source ·8· · · · of her funds and how she pays for things are ·9· · · · dead set in the middle of this case. 10· · · · · · ·MR. VARTAN:· Not in the counterclaim I've 11· · · · read. 12· ·BY MR. LUFT: 13· · · · Q.· ·Ms. Guo, have you been paid to direct any 14· ·films since the last one you told me about in China 15· ·which you said was in approximately 2013 to 2014? 16· · · · · · ·MR. VARTAN:· Objection, form. 17· · · · A.· ·No. 18· ·BY MR. LUFT: 19· · · · Q.· ·You also say you've produced films. 20· · · · · · ·Have you produced any films since you left 21· ·China? 22· · · · · · ·MR. VARTAN:· Objection, form. 23· · · · A.· ·There's been a lot together with others, 24· ·but these films are all independent films through 25· ·students.

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Page 17 ·1· · · · · · · · · · · · · M. Guo ·2· ·BY MR. LUFT: ·3· · · · Q.· ·So they're student films? ·4· · · · · · ·MR. VARTAN:· Objection, form. ·5· · · · A.· ·Yes. ·6· ·BY MR. LUFT: ·7· · · · Q.· ·Have you earned any money from producing ·8· ·these student films? ·9· · · · · · ·MR. VARTAN:· Same objection. 10· · · · A.· ·No. 11· ·BY MR. LUFT: 12· · · · Q.· ·Other than acting as a film producer, a 13· ·director, and a scriptwriter, is there any other way 14· ·that you have earned income or funds since you have 15· ·moved to the United States? 16· · · · · · ·MR. VARTAN:· Objection, form. 17· · · · A.· ·Yes. 18· ·BY MR. LUFT: 19· · · · Q.· ·How else have you earned income or funds? 20· · · · A.· ·I've been the CEO of Pangu Plaza since 21· ·2016, so I've always been earning a salary. 22· · · · Q.· ·Where is Pangu Plaza? 23· · · · A.· ·It's in Beijing, China, on number -- the 24· ·address is number 27 Chaoyang Road. 25· · · · Q.· ·And you're currently the CEO of

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Page 18 ·1· · · · · · · · · · · · · M. Guo ·2· ·Pangu Plaza? ·3· · · · A.· ·Yes. ·4· · · · Q.· ·How much are you paid as CEO of ·5· ·Pangu Plaza? ·6· · · · · · ·MR. VARTAN:· Objection, form. ·7· · · · A.· ·So the annual salary plus bonus, I can't ·8· ·remember very clearly, but approximately ·9· ·1.45 million. 10· ·BY MR. LUFT: 11· · · · Q.· ·Is that dollars? 12· · · · A.· ·I wished it were.· But it's in RMB. 13· · · · Q.· ·Who owns Pangu Plaza? 14· · · · · · ·MR. VARTAN:· Objection, form. 15· · · · A.· ·Family fund. 16· ·BY MR. LUFT: 17· · · · Q.· ·Who runs that family fund? 18· · · · · · ·MR. VARTAN:· Objection, form. 19· · · · A.· ·Many family members. 20· ·BY MR. LUFT: 21· · · · Q.· ·What's the name of the family fund? 22· · · · · · ·MR. VARTAN:· Objection, form. 23· · · · A.· ·It's just called "family fund." 24· ·BY MR. LUFT: 25· · · · Q.· ·So the person who employs you has no name

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| ·1· · · · · · · · · · · · · M. Guo | Page 19 | |-----------------------------------------------------------|---------| | ·2· ·other than family fund? | | | ·3· · · · · · ·MR. VARTAN:· Objection, misstates the | | | ·4· · · · testimony. | | | ·5· · · · A.· ·My employer is not an individual.· It's a | | | ·6· ·fund.· It's a business of my family. | | | ·7· ·BY MR. LUFT: | | | ·8· · · · Q.· ·What I want to know is what is the name of | | | ·9· ·that business that hires you? | | | 10· · · · · · ·MR. VARTAN:· Objection. | | | 11· · · · A.· ·So what I was mentioning, referring to | | | 12· ·previously, is called Pangu Group.· So that is a | | | 13· ·business, and that is a part of my family's | | | 14· ·business. | | | 15· ·BY MR. LUFT: | | | 16· · · · Q.· ·When you say your family's business, who | | | 17· ·in your family is involved with the Pangu Group? | | | 18· · · · · · ·MR. VARTAN:· Objection. | | | 19· · · · A.· ·My uncles and also my cousins from my | | | 20· ·father's side, and brothers specifically, and also | | | 21· ·myself. | | | 22· ·BY MR. LUFT: | | | 23· · · · Q.· ·So your brother, yourself, and uncles and | | | 24· ·cousins all on your father's side; is that correct? | | | 25· · · · · · ·THE INTERPRETER:· Correction from the | |

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| Page 20<br>·1· · · · · · · · · · · · · M. Guo | |-----------------------------------------------------------| | ·2· · · · interpreter.· The witness was saying these | | ·3· · · · cousins are male cousins, not cousins plus | | ·4· · · · brothers, but rather my uncles, my cousins, | | ·5· · · · male cousins specifically. | | ·6· ·BY MR. LUFT: | | ·7· · · · Q.· ·Let's clarify. | | ·8· · · · · · ·Is your brother involved with the | | ·9· ·Pangu Group? | | 10· · · · · · ·MR. VARTAN:· Objection. | | 11· · · · A.· ·No. | | 12· ·BY MR. LUFT: | | 13· · · · Q.· ·+ Which of your uncles is involved with | | 14· ·the Pangu Group? | | 15· · · · · · ·MR. VARTAN:· I'm going to object and | | 16· · · · further instruct the witness not to answer.· At | | 17· · · · this point, we're so far afield of why we're | | 18· · · · here today that I just don't see the relevance | | 19· · · · of any of this. | | 20· · · · · · ·MR. LUFT:· Mr. Vartan, I find it | | 21· · · · unfortunate that you've decided to appear on | | 22· · · · this case simply to obstruct.· Clearly that's | | 23· · · · your intention. | | 24· · · · · · ·The questions about who -- her family's | | 25· · · · involvement and how their businesses |

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Case 22-50073 Doc 1529 Filed 03/09/23 Entered 03/09/23 12:00:00 Page 21 of 210

| ·1· · · · · · · · · · ·M. Guo | Page 21 | |------------------------------------------------------|---------| | ·2· ·interconnect are at the heart of this matter. | | | | | | ·3· ·If you read the counterclaims, you would know | | | ·4· ·that's exactly what is at issue. | | | ·5· · · · I'd ask you to stop objecting on baseless | | | ·6· ·grounds. | | | ·7· · · · MR. VARTAN:· I'm not objecting on baseless | | | ·8· ·grounds.· And I'm trying not to obstruct the | | | ·9· ·deposition. | | | 10· · · · But at the end of the day, as I understand | | | 11· ·it, we're here today because you're exploring | | | 12· ·any connections between HKI and the debtor, and | | | 13· ·then any connections between HKI and Himalaya. | | | 14· · · · Whatever was happening around Pangu has | | | 15· ·nothing to do with the PJR proceeding.· This is | | | 16· ·not a general deposition in the bankruptcy. | | | 17· · · · MR. LUFT:· Mr. Vartan, it is not for you | | | 18· ·to decide which topics I'm allowed to ask about | | | 19· ·in this. | | | 20· · · · If you read the counterclaims, right, | | | 21· ·which I'm sure you have, you know that there's | | | 22· ·many allegations regarding multiple family | | | 23· ·businesses other than HKI and Himalaya, | | | 24· ·correct? | | | 25· · · · MR. VARTAN:· We're not here on a | |

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Page 22 ·1· · · · · · · · · · ·M. Guo ·2· ·general -- ·3· · · · MR. LUFT:· It's not about general.· These ·4· ·are the counterclaims in this case. ·5· · · · MR. VARTAN:· It has nothing do with any of ·6· ·the other business.· It has to do with HKI. ·7· ·She's happy to answer any questions you have ·8· ·about her businesses. ·9· · · · MR. LUFT:· Mr. Vartan, my questions go to 10· ·HKI.· They go to where she gets her money.· It 11· ·goes to all of this.· It's directly at issue in 12· ·the counterclaims, directly at issue as to our 13· ·ability to prove our case. 14· · · · I'd ask you to stop interfering with the 15· ·deposition. 16· · · · MR. VARTAN:· I'm not interfering.· I'm 17· ·trying to keep the deposition on target. 18· ·You've not asked one question about HKI. 19· · · · MR. LUFT:· Mr. Vartan, I am literally on 20· ·the first page of my introduction.· I promise 21· ·you, we will ask about HKI.· Okay? 22· · · · MR. VARTAN:· I'd ask that you do it sooner 23· ·than later, otherwise we'll be here all day 24· ·speaking about -- 25· · · · MR. LUFT:· I'm sorry about your day.

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Case 22-50073 Doc 1529 Filed 03/09/23 Entered 03/09/23 12:00:00 Page 23 of 210

| ·1· · · · · · · · · · ·M. Guo | Page 23 | |------------------------------------------------------|---------| | ·2· ·Okay?· But this is what we're going to do, and | | | ·3· ·I'm going to ask my questions how I want to ask | | | ·4· ·them. | | | ·5· · · · MR. VARTAN:· Please proceed. | | | ·6· · · · THE INTERPRETER:· Regarding the | | | ·7· ·communication, would you like the interpreter | | | ·8· ·to interpret the communication just now? | | | ·9· · · · MR. VARTAN:· Please. | | | 10· · · · THE INTERPRETER:· Do you mind, Angie -- | | | 11· · · · MR. LUFT:· I find this to just be time | | | 12· ·wasted.· I'm going to reserve for additional | | | 13· ·time. | | | 14· · · · THE INTERPRETER:· Sorry, Angie.· Do you | | | 15· ·mind going back to where the communication just | | | 16· ·stopped and the interpreter stopped | | | 17· ·interpreting? | | | 18· · · · (A discussion was held off the record.) | | | 19· · · · MR. LUFT:· Mr. Vartan, what is the purpose | | | 20· ·of having all of this translated -- what is the | | | 21· ·purpose of requiring the interpreter to go back | | | 22· ·to go through our colloquy back and forth other | | | 23· ·than to waste time on the record? | | | 24· · · · MR. VARTAN:· Not to waste time.· I want to | | | 25· ·be sure that the witness fully understands and | |

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Page 24 ·1· · · · · · · · · · · · · M. Guo ·2· · · · appreciates what's happening at the deposition. ·3· · · · · · ·MR. LUFT:· Your witness speaks English. ·4· · · · If she wants to testify in Mandarin, that's ·5· · · · fine, but you're wasting time. ·6· · · · · · ·MR. VARTAN:· You don't tell me what ·7· · · · language my witness speaks.· I've communicated ·8· · · · with my client and witness with the aid of an ·9· · · · interpreter in preparation for today's 10· · · · deposition.· You don't dictate to me what 11· · · · language she speaks. 12· · · · · · ·MR. LUFT:· Mr. Vartan, keep wasting time. 13· · · · · · ·(Interpreter read record.) 14· · · · · · ·THE INTERPRETER:· I'm done. 15· ·BY MR. LUFT: 16· · · · Q.· ·Ms. Guo, you speak and understand some 17· ·English, correct? 18· · · · A.· ·Yes. 19· · · · Q.· ·Do you speak English with friends? 20· · · · A.· ·Yes. 21· · · · Q.· ·Can you read English? 22· · · · A.· ·Some. 23· · · · Q.· ·Okay. 24· · · · · · ·MR. LUFT:· I'll note for the record that 25· · · · what I can see on the live feed, that

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Case 22-50073 Doc 1529 Filed 03/09/23 Entered 03/09/23 12:00:00 Page 25 of 210

Page 25 ·1· · · · · · · · · · · · · M. Guo ·2· · · · translation exercise of just the colloquy took ·3· · · · almost five minutes. ·4· ·BY MR. LUFT: ·5· · · · Q.· ·Ms. Guo, is your brother involved with the ·6· ·Pangu Group? ·7· · · · · · ·MR. VARTAN:· Objection, asked and ·8· · · · answered. ·9· · · · A.· ·No. 10· ·BY MR. LUFT: 11· · · · Q.· ·+ Which of your uncles is involved with 12· ·the Pangu Group? 13· · · · · · ·MR. VARTAN:· Objection and instruction. 14· · · · · · ·I'm instructing you not to answer which 15· · · · particular family members. 16· ·BY MR. LUFT: 17· · · · Q.· ·Which of your cousins are involved with 18· ·the Pangu Group? 19· · · · · · ·MR. LUFT:· Let me strike that. 20· ·BY MR. LUFT: 21· · · · Q.· ·Are you going to follow your counsel's 22· ·instruction? 23· · · · A.· ·Yes. 24· · · · · · ·MR. LUFT:· And that basis of that 25· · · · instruction is not privilege, correct?

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Page 26 ·1· · · · · · · · · · · · · M. Guo ·2· · · · · · ·MR. VARTAN:· The basis of that is security ·3· · · · interest. ·4· · · · · · ·(Reporter requests clarification.) ·5· · · · · · ·MR. LUFT:· You said the basis of that is ·6· · · · the security interest for the family, correct? ·7· · · · · · ·MR. VARTAN:· Correct. ·8· · · · · · ·MR. LUFT:· Again, the issues about ·9· · · · security can be addressed under the protective 10· · · · order.· You can mark it as highly confidential, 11· · · · but you cannot instruct the witness not to 12· · · · answer because, you believe, of any security 13· · · · concerns. 14· · · · · · ·MR. VARTAN:· Understood.· I'm instructing 15· · · · her not to answer for now. 16· · · · · · ·Happy to revisit it at the break. 17· · · · · · ·MR. LUFT:· Mr. Vartan -- 18· · · · · · ·THE WITNESS:· Can I speak? 19· · · · · · ·MR. VARTAN:· No.· Only when a question is 20· · · · pending. 21· · · · · · ·THE WITNESS:· Okay. 22· · · · · · ·MR. LUFT:· There is a question pending. 23· · · · · · ·You're welcome to answer the question. 24· · · · A.· ·What was the question again?· I can't 25· ·remember.

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Page 27 ·1· · · · · · · · · · · · · M. Guo ·2· ·BY MR. LUFT: ·3· · · · Q.· ·Which of your uncles are involved in the ·4· ·Pangu Group? ·5· · · · · · ·MR. VARTAN:· Same objection. ·6· · · · A.· ·So thank you so much for the reminder ·7· ·because this case is open to the public in China. ·8· ·So I can answer this question. ·9· · · · · · ·MR. VARTAN:· Oh, okay.· In that case, 10· · · · please proceed. 11· · · · A.· ·So before I started to take the position 12· ·there, my uncles, including the fourth older brother 13· ·of my father, the fifth older brother of my father, 14· ·and the sixth older brother of my father, managed 15· ·Pangu together. 16· ·BY MR. LUFT: 17· · · · Q.· ·And then once you were hired, they stopped 18· ·managing it? 19· · · · A.· ·So I want to explain the situation back 20· ·then.· It's not just that I was hired, but rather, 21· ·all of my family members were put into prison by the 22· ·communist party.· And when they came back out, they 23· ·all had health issues.· And one was even admitted 24· ·into a psychology hospital. 25· · · · · · ·MR. LUFT:· Psychiatric.

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Page 28 ·1· · · · · · · · · · · · · M. Guo ·2· · · · · · ·THE INTERPRETER:· Correction.· It's not a ·3· · · · psychological hospital.· It's a psychiatric. ·4· · · · A.· ·So there was nobody managing the business. ·5· ·So I volunteered to do it. ·6· ·BY MR. LUFT: ·7· · · · Q.· ·What are the names of your fourth, fifth, ·8· ·and sixth older brother uncles? ·9· · · · · · ·MR. VARTAN:· Older brother uncles? I 10· · · · don't understand. 11· · · · A.· ·I really don't remember their names. I 12· ·never called them by their names. 13· ·BY MR. LUFT: 14· · · · Q.· ·Okay.· And you mentioned cousins. 15· · · · · · ·+ What are the names of your cousins who 16· ·are involved at the Pangu Group? 17· · · · A.· ·I'm really sorry because my cousins have 18· ·never disclosed their names to the public.· So I 19· ·don't want to name them. 20· · · · Q.· ·Okay.· Well, we can mark this as highly 21· ·confidential. 22· · · · · · ·MR. VARTAN:· I'll instruct the witness not 23· · · · to answer. 24· ·BY MR. LUFT: 25· · · · Q.· ·Are you going to follow your counsel's

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Page 29 ·1· · · · · · · · · · · · · M. Guo ·2· ·instruction? ·3· · · · A.· ·I really don't want to answer this ·4· ·question. ·5· · · · · · ·MR. LUFT:· And you're not instructing her ·6· · · · on the grounds of privilege, correct? ·7· · · · · · ·MR. VARTAN:· Not on the grounds of ·8· · · · privilege. ·9· · · · · · ·MR. LUFT:· What is the basis? 10· · · · · · ·MR. VARTAN:· Same basis as before, that 11· · · · there are real and genuine security concerns 12· · · · which she's now repeatedly expressed on the 13· · · · record for her family and her extended family 14· · · · in China. 15· · · · · · ·MR. LUFT:· Mr. Vartan, I've heard you 16· · · · express it many times on the record.· Not the 17· · · · witness. 18· · · · · · ·MR. VARTAN:· Well, we can ask her about 19· · · · it. 20· · · · · · ·MR. LUFT:· I don't. 21· ·BY MR. LUFT: 22· · · · Q.· ·Putting aside who managed the building 23· ·before you, who are the members of the family fund 24· ·that pay you the salary to run Pangu Plaza? 25· · · · A.· ·In our family fund, there are over 100

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Case 22-50073 Doc 1529 Filed 03/09/23 Entered 03/09/23 12:00:00 Page 30 of 210

| ·1· · · · · · · · · · · · · M. Guo | Page 30 | | |-----------------------------------------------------------|---------|--| | ·2· ·family members. | | | | ·3· · · · Q.· ·Is anyone in charge of the family fund? | | | | ·4· · · · A.· ·No.· It's under co-management. | | | | ·5· · · · Q.· ·Do all 100 people have equal votes or does | | | | ·6· ·someone have more of a say than another? | | | | ·7· · · · A.· ·Whoever makes a bigger contribution to the | | | | ·8· ·family fund will have a bigger say. | | | | ·9· · · · Q.· ·Who's made the biggest contributions to | | | | 10· ·the family fund? | | | | 11· · · · · · ·MR. VARTAN:· Objection. | | | | 12· · · · A.· ·I think it's me at the moment. | | | | 13· ·BY MR. LUFT: | | | | 14· · · · Q.· ·How much have you contributed to the | | | | 15· ·family fund? | | | | 16· · · · · · ·MR. VARTAN:· Objection.· If you understand | | | | 17· · · · what "contribution" means. | | | | 18· · · · A.· ·My understanding of a contribution is | | | | 19· ·starting from 2016, when there was no one managing | | | | 20· ·Pangu Group, I brought the business back.· And over | | | | 21· ·the past years since then, I've made the biggest | | | | 22· ·contribution. | | | | 23· ·BY MR. LUFT: | | | | 24· · · · Q.· ·Is that a monetary contribution or just a | | | | 25· ·contribution of your time? | | |

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Page 31 ·1· · · · · · · · · · · · · M. Guo ·2· · · · A.· ·Both.· And I made a lot of money. ·3· · · · Q.· ·How much money have you contributed to the ·4· ·family fund? ·5· · · · A.· ·I don't remember specifically, but ever ·6· ·since 2016, I've broken the record of the highest ·7· ·amount earned through Pangu Hotel and the rent. ·8· · · · Q.· ·So you're saying the business has done ·9· ·well? 10· · · · A.· ·Yes, the business of Pangu Group, correct. 11· · · · Q.· ·Who has made the biggest personal 12· ·contribution in terms of funds contributed into the 13· ·family fund? 14· · · · · · ·MR. VARTAN:· Objection, form. 15· · · · · · ·Once again, if you understand that 16· · · · question, but -- 17· · · · · · ·MR. LUFT:· Mr. Vartan, please stop with 18· · · · your speaking objections. 19· · · · A.· ·I'm not sure about this answer. 20· ·BY MR. LUFT: 21· · · · Q.· ·Have you contributed any money, not in 22· ·terms of what you've helped the company earn, but 23· ·have you contributed any money into the family fund? 24· · · · · · ·MR. VARTAN:· Objection, form. 25· · · · A.· ·No.

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Page 32 ·1· · · · · · · · · · · · · M. Guo ·2· ·BY MR. LUFT: ·3· · · · Q.· ·Who in your family has contributed the ·4· ·most money into the family fund? ·5· · · · · · ·MR. VARTAN:· Objection, form. ·6· · · · A.· ·I really don't know. ·7· ·BY MR. LUFT: ·8· · · · Q.· ·To be clear, what other assets other than ·9· ·Pangu Plaza does the family fund hold? 10· · · · · · ·MR. VARTAN:· Objection, form. 11· · · · A.· ·There's Pangu Group and Jung Chen Group. 12· · · · · · ·There's a Pangu Group and the 13· ·Zenith Group. 14· · · · · · ·THE INTERPRETER:· Spelled Z-N-I-T-H.· Or 15· · · · it might be spelled as Z-E-N-I-T-H.· I'm not 16· · · · quite sure. 17· ·BY MR. LUFT: 18· · · · Q.· ·Other than Pangu Plaza, what other assets 19· ·do any of those entities own? 20· · · · · · ·MR. VARTAN:· Objection, form. 21· · · · A.· ·I don't know. 22· ·BY MR. LUFT: 23· · · · Q.· ·Can you name, other than yourself, the 24· ·name of any family member involved in the family 25· ·fund?

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Page 33 ·1· · · · · · · · · · · · · M. Guo ·2· · · · · · ·MR. VARTAN:· Objection, asked and ·3· · · · answered. ·4· · · · A.· ·I've already answered this question just ·5· ·now.· I really don't want to review the names of my ·6· ·family members here. ·7· ·BY MR. LUFT: ·8· · · · Q.· ·Do you know the names of any family ·9· ·members other than yourself that are involved in 10· ·this family fund? 11· · · · · · ·MR. VARTAN:· Objection. 12· · · · A.· ·I know some. 13· ·BY MR. LUFT: 14· · · · Q.· ·How many? 15· · · · A.· ·I can't remember. 16· · · · Q.· ·And you won't tell me their names? 17· · · · · · ·MR. VARTAN:· Let me just say, to the 18· · · · extent that you're comfortable sharing names 19· · · · such that it's not going to implicate security 20· · · · concerns, I certainly have no objection with 21· · · · you sharing names. 22· · · · A.· ·I just mentioned the fourth, fifth, and 23· ·sixth older brothers of my dad.· I really can't 24· ·remember their names.· You can look it up.· And then 25· ·there's myself, my older brother.

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Page 34 ·1· · · · · · · · · · · · · M. Guo ·2· · · · · · ·As for other people, I really want to ·3· ·protect their privacy. ·4· ·BY MR. LUFT: ·5· · · · Q.· ·So your older brother is involved in the ·6· ·family fund? ·7· · · · A.· ·Yes. ·8· · · · Q.· ·But is your father involved in the family ·9· ·fund? 10· · · · A.· ·No. 11· · · · Q.· ·How about your mother? 12· · · · A.· ·No. 13· · · · Q.· ·How did your uncles earn the money that 14· ·enabled them to buy Pangu Plaza? 15· · · · · · ·MR. VARTAN:· Objection, form. 16· · · · A.· ·I don't know. 17· ·BY MR. LUFT: 18· · · · Q.· ·When was Pangu Plaza purchased? 19· · · · A.· ·I don't know. 20· · · · Q.· ·Do you know what funds were used, the 21· ·source of -- sorry. 22· · · · · · ·Do you know the source of any of the funds 23· ·used to purchase Pangu Plaza? 24· · · · · · ·MR. VARTAN:· Objection, asked and 25· · · · answered.

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| ·1· · · · · · · · · · · · · M. Guo | Page 35 | |----------------------------------------------------------|---------| | ·2· · · · A.· ·I don't know. | | | ·3· ·BY MR. LUFT: | | | ·4· · · · Q.· ·How do you manage Pangu Plaza from the | | | ·5· ·United States? | | | ·6· · · · A.· ·I hold videoconferences on a weekly basis | | | ·7· ·with them.· And I've also authorized my manager to | | | ·8· ·take care of management, and they also regularly | | | ·9· ·send me forms. | | | 10· · · · Q.· ·Who do you hold videoconferences with? | | | 11· · · · · · ·MR. VARTAN:· Again, I just want to | | | 12· · · · interpose an objection this is very far afield | | | 13· · · · of why we're here. | | | 14· · · · A.· ·That would be the current department | | | 15· ·managers. | | | 16· ·BY MR. LUFT: | | | 17· · · · Q.· ·What forms do you sign? | | | 18· · · · A.· ·Do you mean currently? | | | 19· · · · Q.· ·As part of your role running Pangu Plaza. | | | 20· · · · A.· ·I haven't signed any forms in recent | | | 21· ·years. | | | 22· · · · Q.· ·Have you ever been deposed before? | | | 23· · · · A.· ·No. | | | 24· · · · Q.· ·Ms. Guo, you understand you're testifying | | | 25· ·under oath? | |

| ·1· · · · · · · · · · · · · M. Guo | Page 36 | |-----------------------------------------------------------|---------| | ·2· · · · A.· ·Yes, I understand. | | | ·3· · · · Q.· ·Is there any reason you can't give | | | ·4· ·truthful testimony today? | | | ·5· · · · A.· ·No. | | | ·6· · · · Q.· ·Ms. Guo, I want to ask you questions.· If | | | ·7· ·for some reason you don't understand my questions, | | | ·8· ·will you let me know? | | | ·9· · · · A.· ·Yes. | | | 10· · · · Q.· ·Ms. Guo, could we have an agreement that | | | 11· ·to the extent I ask you a question and you do not | | | 12· ·tell me that you're having trouble understanding it, | | | 13· ·then I can assume that you do understand my | | | 14· ·question? | | | 15· · · · A.· ·Okay. | | | 16· · · · Q.· ·Ms. Guo, who did you speak to to prepare | | | 17· ·for this deposition? | | | 18· · · · A.· ·My counsels. | | | 19· · · · Q.· ·Is that Mr. Vartan and Mr. Romney? | | | 20· · · · A.· ·Yes. | | | 21· · · · Q.· ·Did you speak with any other counsel? | | | 22· · · · A.· ·No. | | | 23· · · · Q.· ·Did you speak with any family members? | | | 24· · · · A.· ·No. | | | 25· · · · Q.· ·Did you review any documents in | | | | |

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| ·1· · · · · · · · · · · · · M. Guo | Page 37 | |-----------------------------------------------------------|---------| | ·2· ·preparation for this deposition? | | | ·3· · · · A.· ·I did review some together with my | | | ·4· ·counsels. | | | ·5· · · · Q.· ·Did any of those documents refresh your | | | ·6· ·recollection? | | | ·7· · · · A.· ·I don't quite understand what that means. | | | ·8· · · · Q.· ·Did any of those documents, when you | | | ·9· ·looked at them, help you remember something that you | | | 10· ·had not previously remembered? | | | 11· · · · A.· ·Yes, some. | | | 12· · · · Q.· ·Which documents were those? | | | 13· · · · A.· ·I can't remember now. | | | 14· · · · Q.· ·If you remember during the deposition, | | | 15· ·will you let me know? | | | 16· · · · A.· ·Okay. | | | 17· · · · Q.· ·And if I show you a document that was one | | | 18· ·of the ones that refreshed your recollection, can I | | | 19· ·ask you to let me know that as well? | | | 20· · · · A.· ·Okay. | | | 21· · · · Q.· ·Pangu Plaza has not been seized by the | | | 22· ·Chinese government? | | | 23· · · · A.· ·Last year, they did drive all of the staff | | | 24· ·members and my grandfather on my dad's side onto the | | | 25· ·street.· I can't remember exactly in which month | | | | |

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| ·1· · · · · · · · · · · · · M. Guo | Page 39 | |-----------------------------------------------------------|---------| | ·2· · · · A.· ·I don't remember. | | | ·3· · · · Q.· ·Do you know if all responsive documents in | | | ·4· ·connection with this litigation have been produced | | | ·5· ·to the trustee? | | | ·6· · · · · · ·MR. VARTAN:· Objection, form. | | | ·7· · · · A.· ·I don't remember. | | | ·8· ·BY MR. LUFT: | | | ·9· · · · Q.· ·Ms. Guo, what was the last school you | | | 10· ·attended? | | | 11· · · · A.· ·Because the last time I testified in | | | 12· ·New York, my information was disclosed online and | | | 13· ·some teachers told me that they were harassed.· So | | | 14· ·in order to protect them, I don't want to say the | | | 15· ·name. | | | 16· · · · Q.· ·+ We can mark this under the protective | | | 17· ·order.· But I just need to know, what is the last | | | 18· ·school you attended? | | | 19· · · · · · ·MR. VARTAN:· If the witness has safety | | | 20· · · · concerns or security concerns for herself or | | | 21· · · · loved ones, I'd instruct her not to answer. | | | 22· · · · A.· ·Can I just try and understand what is the | | | 23· ·protection order you're mentioning, you refer to? | | | 24· · · · · · ·MR. VARTAN:· I'll speak with her about | | | 25· · · · that on a break. | | | | |

| | ·1· · · · · · · · · · · · · M. Guo | Page 40 | |--------------------------|-----------------------------------------------------------|---------| | ·2· ·BY MR. LUFT: | | | | | ·3· · · · Q.· ·What is the highest degree you've earned | | | ·4· ·in school? | | | | | ·5· · · · A.· ·University graduate. | | | | ·6· · · · Q.· ·Where was that school located? | | | ·7· · · · A.· ·New York. | | | | | ·8· · · · Q.· ·What type of degree did you graduate with? | | | ·9· · · · A.· ·BA. | | | | | 10· · · · Q.· ·And what was your major? | | | 11· · · · A.· ·Director. | | | | | 12· · · · Q.· ·Was it film school? | | | 13· · · · A.· ·Yes. | | | | | 14· · · · Q.· ·What year did you graduate from film | | | 15· ·school? | | | | | 16· · · · A.· ·2012 or '13.· I think it was 2013 | | | 17· ·probably. | | | | | 18· · · · Q.· ·How many years did you go to school in | | | | 19· ·New York to earn that degree? | | | | 20· · · · · · ·CHECK INTERPRETER:· She said "12 | | | 21· · · · probably." | | | | | 22· · · · · · ·THE INTERPRETER:· Sorry.· Correction: | | | | 23· · · · "It's 2012 or 2013.· And I think it's 2012." | | | 24· ·BY MR. LUFT: | | | | | 25· · · · Q.· ·And how many years were you in school | |

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| ·1· · · · · · · · · · · · · M. Guo | Page 41 | | |-----------------------------------------------------------|---------|--| | ·2· ·before you earned your degree? | | | | ·3· · · · A.· ·It's four years of the University program | | | | ·4· ·and one year in language school. | | | | ·5· · · · Q.· ·And were you living in New York during | | | | ·6· ·those five years? | | | | ·7· · · · A.· ·Yes. | | | | ·8· · · · Q.· ·So that would have been 2007 through 2012? | | | | ·9· · · · A.· ·Yes. | | | | 10· · · · Q.· ·Prior to attending college, did you direct | | | | 11· ·any films? | | | | 12· · · · · · ·MR. VARTAN:· Objection, form. | | | | 13· · · · A.· ·No. | | | | 14· ·BY MR. LUFT: | | | | 15· · · · Q.· ·When you graduated -- was the school NYU | | | | 16· ·which you went to? | | | | 17· · · · · · ·MR. VARTAN:· Objection, form. | | | | 18· · · · A.· ·No. | | | | 19· ·BY MR. LUFT: | | | | 20· · · · Q.· ·When you graduated film school in 2012, | | | | 21· ·did you stay in New York? | | | | 22· · · · A.· ·I did stay and shot several films, and | | | | 23· ·then I went back to China. | | | | 24· · · · Q.· ·How long were you in New York after | | | | 25· ·graduating before going back to China? | | |

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| | ·1· · · · · · · · · · · · · M. Guo | Page 42 | |--------------------|-----------------------------------------------------------|---------| | | ·2· · · · A.· ·I can't remember.· Probably several | | | ·3· ·months. | | | | | ·4· · · · Q.· ·Less than a year? | | | | ·5· · · · A.· ·I really can't remember. | | | | ·6· · · · Q.· ·Okay.· Who paid for film school? | | | | | | | | ·7· · · · · · ·MR. VARTAN:· Objection, form. | | | | ·8· · · · A.· ·I can't remember. | | | ·9· ·BY MR. LUFT: | | | | | 10· · · · Q.· ·Did you take loans to go to film school? | | | | 11· · · · · · ·MR. VARTAN:· Objection, form. | | | 12· · · · A.· ·No. | | | | 13· ·BY MR. LUFT: | | | | | 14· · · · Q.· ·Did her father and mother pay for her | | | 15· ·college? | | | | | 16· · · · · · ·MR. VARTAN:· Objection, form. | | | | 17· · · · A.· ·I don't remember. | | | 18· ·BY MR. LUFT: | | | | | 19· · · · Q.· ·So just so I understand, prior to going to | | | | 20· ·film school, where did you live? | | | | 21· · · · A.· ·I studied in quite several apartments, all | | | 22· ·in New York. | | | | | 23· · · · Q.· ·My question wasn't clear. | | | | 24· · · · · · ·Before you went to film school, so before | | | | 25· ·2007, what country did you live in? | |

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Page 43 ·1· · · · · · · · · · · · · M. Guo ·2· · · · A.· ·I was in China.· Sometimes in Hong Kong. ·3· · · · Q.· ·Did your family have homes in China and ·4· ·Hong Kong at that time? ·5· · · · · · ·MR. VARTAN:· Objection, form. ·6· · · · A.· ·In China, yes.· But not in Hong Kong. ·7· ·BY MR. LUFT: ·8· · · · Q.· ·Where did you stay when you were in ·9· ·Hong Kong prior to leaving for film school in 2007? 10· · · · · · ·MR. VARTAN:· Objection, form. 11· · · · A.· ·Hotel. 12· ·BY MR. LUFT: 13· · · · Q.· ·And when you came -- and then from 2007 14· ·through 2012, you lived in New York? 15· · · · A.· ·Yes. 16· · · · Q.· ·And when you left New York, where did you 17· ·go? 18· · · · A.· ·I traveled for a while and then went back 19· ·to Beijing. 20· · · · Q.· ·How long did you travel? 21· · · · A.· ·I can't remember. 22· · · · Q.· ·How long -- when did you start living in 23· ·Beijing again? 24· · · · A.· ·I was in Beijing the whole time from 2014 25· ·to 2017.

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| | ·1· · · · · · · · · · · · · M. Guo | Page 44 | |--------------------------|---------------------------------------------------------|---------| | | ·2· · · · Q.· ·So from 2014 to 2017 you never lived in | | | ·3· ·Hong Kong? | | | | | ·4· · · · A.· ·I never did. | | | | ·5· · · · Q.· ·Okay.· Before 2014, did you ever live in | | | | ·6· ·Hong Kong other than in the hotel? | | | ·7· · · · A.· ·Yes. | | | | | ·8· · · · Q.· ·Where did you live? | | | | ·9· · · · A.· ·At my friend's. | | | | 10· · · · Q.· ·What friend was that? | | | | 11· · · · · · ·MR. VARTAN:· Objection, form. | | | | 12· · · · A.· ·Friends in Hong Kong. | | | 13· ·BY MR. LUFT: | | | | | 14· · · · Q.· ·When you lived in -- when you came in | | | | 15· ·2017, where did you live? | | | 16· · · · A.· ·Hotel. | | | | | 17· · · · Q.· ·When you came to New York in 2017, you | | | 18· ·moved into a hotel? | | | | 19· · · · A.· ·Yes. | | | | | 20· · · · Q.· ·Was it the Sherry-Netherland hotel? | | | | 21· · · · A.· ·No.· I only stayed there for a couple of | | | 22· ·days. | | | | | 23· · · · Q.· ·Do you reside in the Sherry-Netherland | | | 24· ·hotel now? | | | | 25· · · · A.· ·No. | | | | | | |

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| | ·1· · · · · · · · · · · · · M. Guo | Page 45 | |---------------------|-----------------------------------------------------------|---------| | | ·2· · · · Q.· ·Have you ever resided in the | | | | ·3· ·Sherry-Netherland hotel? | | | | ·4· · · · A.· ·Several years ago, yes. | | | | ·5· · · · Q.· ·When was that? | | | | ·6· · · · A.· ·Just when I first came here in 2017. | | | | ·7· · · · Q.· ·Does your brother reside at the | | | | ·8· ·Sherry-Netherland hotel? | | | | ·9· · · · A.· ·He's resided there several times. | | | | 10· · · · Q.· ·When did he live there? | | | | 11· · · · A.· ·He did in 2017 and 2018.· That's probably | | | | 12· ·it.· I can't really remember. | | | | 13· · · · Q.· ·Did your father reside at the | | | | 14· ·Sherry-Netherland hotel? | | | | 15· · · · A.· ·Yes, sometimes. | | | | 16· · · · Q.· ·Does he reside there now? | | | | 17· · · · A.· ·You mean today? | | | 18· · · · Q.· ·Yes. | | | | | 19· · · · A.· ·I really don't know. | | | | 20· · · · Q.· ·How about within the past six months? | | | | 21· · · · A.· ·I think probably occasionally, but I don't | | | 22· ·really know. | | | | | 23· · · · Q.· ·Where does your father reside when he's | | | | 24· ·not residing in the Sherry-Netherland hotel? | | | | 25· · · · A.· ·Connecticut. | | | | | |

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Page 46 ·1· · · · · · · · · · · · · M. Guo ·2· · · · Q.· ·Okay.· What countries do you hold ·3· ·citizenship in? ·4· · · · A.· ·I have a Hong Kong passport. ·5· · · · Q.· ·How do you have a Hong Kong passport if ·6· ·you've never lived in Hong Kong as a resident? ·7· · · · · · ·MR. VARTAN:· Objection, form. ·8· · · · A.· ·Because my parents are Hong Kong ·9· ·residents.· So automatically, the children would get 10· ·a Hong Kong passport. 11· ·BY MR. LUFT: 12· · · · Q.· ·What address in Hong Kong is associated 13· ·with your passport? 14· · · · · · ·MR. VARTAN:· Objection, form. 15· · · · A.· ·I don't remember. 16· ·BY MR. LUFT: 17· · · · Q.· ·Do you hold Chinese citizenship? 18· · · · · · ·MR. VARTAN:· Objection, form. 19· · · · A.· ·Not at the moment. 20· ·BY MR. LUFT: 21· · · · Q.· ·Have you ever resided at 20 South Bay Road 22· ·in Hong Kong? 23· · · · · · ·MR. VARTAN:· Objection, form. 24· · · · A.· ·No. 25

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Page 47 ·1· · · · · · · · · · · · · M. Guo ·2· ·BY MR. LUFT: ·3· · · · Q.· ·Do you hold a Chinese passport? ·4· · · · · · ·MR. VARTAN:· Objection, asked and ·5· · · · answered. ·6· · · · A.· ·No. ·7· ·BY MR. LUFT: ·8· · · · Q.· ·The money you make as CEO of Pangu Plaza, ·9· ·how is that transferred to you? 10· · · · A.· ·That would be paid into my main salary 11· ·card. 12· · · · Q.· ·What is a salary card? 13· · · · A.· ·So in China, for everyone working, they 14· ·will have a card where the company would directly 15· ·make payments into.· It's appropriately similar to 16· ·direct deposit or something here. 17· · · · · · ·It is my personal card.· We all have one. 18· · · · Q.· ·Since you came to this country in 2017, 19· ·how has your Pangu Plaza salary been paid to you? 20· · · · A.· ·The same salary card. 21· · · · Q.· ·Do you have access to the money in that 22· ·salary card in the United States? 23· · · · A.· ·Yes.· The Bank of China has a branch here. 24· · · · Q.· ·And you have an account at the 25· ·Bank of China?

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Page 48 ·1· · · · · · · · · · · · · M. Guo ·2· · · · A.· ·Yes. ·3· · · · Q.· ·Does your father have an account at the ·4· ·Bank of China? ·5· · · · · · ·MR. VARTAN:· Objection to form. ·6· · · · A.· ·I don't know. ·7· ·BY MR. LUFT: ·8· · · · Q.· ·Does your brother have an account at the ·9· ·Bank of China? 10· · · · · · ·MR. VARTAN:· Objection, form. 11· · · · A.· ·I don't know. 12· ·BY MR. LUFT: 13· · · · Q.· ·I asked about 20 South Bay Road. 14· · · · · · ·Have you ever resided at 22 South Bay Road 15· ·in Hong Kong? 16· · · · · · ·MR. VARTAN:· Objection. 17· · · · A.· ·No. 18· ·BY MR. LUFT: 19· · · · Q.· ·Prior to your father -- when did your 20· ·father leave China? 21· · · · · · ·MR. VARTAN:· Meaning for good? 22· · · · A.· ·He departed from Beijing in 2014, but 23· ·specifically, when did he depart from Hong Kong, I 24· ·can't remember. 25

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Page 49 ·1· · · · · · · · · · · · · M. Guo ·2· ·BY MR. LUFT: ·3· · · · Q.· ·Before he left Beijing, what did your ·4· ·father do to earn money? ·5· · · · · · ·MR. VARTAN:· Objection, form. ·6· · · · A.· ·I don't know. ·7· ·BY MR. LUFT: ·8· · · · Q.· ·Your father has described himself as a ·9· ·billionaire prior to leaving China. 10· · · · · · ·What did he do to earn a billion dollars 11· ·prior to leaving China? 12· · · · · · ·MR. VARTAN:· Objection, form. 13· · · · A.· ·I don't know. 14· ·BY MR. LUFT: 15· · · · Q.· ·Is anyone in your family a billionaire? 16· · · · · · ·MR. VARTAN:· Objection, form. 17· · · · A.· ·I don't know. 18· ·BY MR. LUFT: 19· · · · Q.· ·Is anyone in your family a millionaire? 20· · · · · · ·MR. VARTAN:· Objection, form. 21· · · · A.· ·I don't know. 22· ·BY MR. LUFT: 23· · · · Q.· ·Are you a millionaire? 24· · · · · · ·MR. VARTAN:· Objection, form. 25· · · · A.· ·I'm not at the moment.

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Page 50 ·1· · · · · · · · · · · · · M. Guo ·2· ·BY MR. LUFT: ·3· · · · Q.· ·Is your brother a millionaire? ·4· · · · · · ·MR. VARTAN:· Objection, form. ·5· · · · A.· ·I don't know. ·6· ·BY MR. LUFT: ·7· · · · Q.· ·Okay.· What does your brother do for work? ·8· · · · A.· ·My brother is an investor in many areas, ·9· ·many aspects, and he also helps with family 10· ·business. 11· · · · Q.· ·What is the source of funds your brother 12· ·uses to invest? 13· · · · · · ·MR. VARTAN:· Objection, form. 14· · · · A.· ·I don't know. 15· ·BY MR. LUFT: 16· · · · Q.· ·What companies does your brother invest 17· ·in? 18· · · · · · ·MR. VARTAN:· Objection, form. 19· · · · A.· ·I don't know. 20· ·BY MR. LUFT: 21· · · · Q.· ·Which family members' money does your 22· ·brother invest? 23· · · · · · ·MR. VARTAN:· Objection, form. 24· · · · A.· ·I don't know. 25

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| | ·1· · · · · · · · · · · · · M. Guo | Page 51 | |------------------------|-----------------------------------------------------------|---------| | ·2· ·BY MR. LUFT: | | | | | ·3· · · · Q.· ·Where does your brother live? | | | ·4· · · · A.· ·London. | | | | | ·5· · · · Q.· ·What address? | | | | ·6· · · · A.· ·I really can't remember. | | | | ·7· · · · Q.· ·What companies does your brother control? | | | | ·8· · · · · · ·MR. VARTAN:· Objection to the word | | | ·9· · · · "control." | | | | | 10· · · · A.· ·I don't remember. | | | 11· ·BY MR. LUFT: | | | | | 12· · · · Q.· ·Do you know any companies that your | | | 13· ·brother owns? | | | | | 14· · · · A.· ·I don't remember. | | | | 15· · · · Q.· ·Did your brother go to a university? | | | 16· · · · A.· ·Yes. | | | | | 17· · · · Q.· ·Where did he go? | | | | 18· · · · A.· ·I can't remember the name.· A university | | | | 19· ·in the UK that's the top ranking in the economics | | | 20· ·major. | | | | | 21· · · · Q.· ·Do you know when he graduated? | | | | 22· · · · A.· ·I know that in recent years he also | | | | 23· ·studied in a master's course, but I'm not sure about | | | 24· ·the exact year. | | | | | 25· · · · Q.· ·Do you have any other family in the | |

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Page 52 ·1· · · · · · · · · · · · · M. Guo ·2· ·United States? ·3· · · · A.· ·My parents. ·4· · · · Q.· ·Any other family in the UK other than your ·5· ·brother? ·6· · · · A.· ·No. ·7· · · · Q.· ·When was the last time you saw your ·8· ·brother? ·9· · · · A.· ·Two years ago.· It's been two or 10· ·three years, approximately.· I don't remember. 11· · · · Q.· ·Since you've been in the United States 12· ·starting in 2017, how often has your brother come 13· ·from the UK to visit? 14· · · · A.· ·Maybe just once per year, or at a maximum 15· ·twice a year. 16· · · · · · ·MR. VARTAN:· Mr. Luft, we're coming up 17· · · · about on an hour and a half, so whenever may be 18· · · · a convenient break for the witness, I'd 19· · · · appreciate it. 20· · · · · · ·MR. LUFT:· Okay. 21· ·BY MR. LUFT: 22· · · · Q.· ·But in the past couple of years, he hasn't 23· ·made those trips? 24· · · · A.· ·That's correct. 25· · · · Q.· ·Do you recall the last time he came to

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| ·1· · · · · · · · · · · · · M. Guo | Page 53 | |-----------------------------------------------------------|---------| | ·2· ·visit in the United States? | | | ·3· · · · A.· ·It's approximately two or three years ago. | | | ·4· · · · · · ·MR. LUFT:· We can take a break now. | | | ·5· · · · · · ·MR. VARTAN:· Okay.· Thank you. | | | ·6· · · · · · ·THE VIDEOGRAPHER:· Excuse me. | | | ·7· · · · · · ·The time is 12:01 p.m.· We're going off | | | ·8· · · · the record. | | | ·9· · · · · · ·(Recess.) | | | 10· · · · · · ·THE VIDEOGRAPHER:· It is 12:24 p.m.· We | | | 11· · · · are back on the record. | | | 12· ·BY MR. LUFT: | | | 13· · · · Q.· ·Ms. Guo, a quick follow-up question from | | | 14· ·what we were discussing before.· You said you worked | | | 15· ·with a manager of the Pangu Plaza. | | | 16· · · · · · ·What is their name? | | | 17· · · · · · ·MR. VARTAN:· Objection, form. | | | 18· · · · A.· ·So there's not just one manager, but | | | 19· ·department managers.· There are six or seven of | | | 20· ·them. | | | 21· ·BY MR. LUFT: | | | 22· · · · Q.· ·What are their names? | | | 23· · · · A.· ·I don't remember.· I don't call them by | | | 24· ·their names. | | | 25· · · · Q.· ·What do you call them by? | | | | |

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| ·1· · · · · · · · · · · · · M. Guo | |-----------------------------------------------------------| | ·2· · · · · · ·MR. VARTAN:· Objection, form. | | ·3· · · · A.· ·I just say "Hi everyone." | | ·4· ·BY MR. LUFT: | | ·5· · · · Q.· ·And since people have been locked out of | | ·6· ·the building for the past year, have you -- during | | ·7· ·that time, has Pangu Plaza generated any funds? | | ·8· · · · A.· ·No.· The money is also locked inside. | | ·9· · · · Q.· ·You mentioned that you have a personal | | 10· ·bank account at the Bank of China in New York; is | | 11· ·that correct? | | 12· · · · A.· ·So this account was opened in China, but I | | 13· ·can also use it in New York. | | 14· · · · Q.· ·Other than the Bank of China, is there any | | 15· ·other banks where you hold personal bank accounts? | | 16· · · · · · ·MR. VARTAN:· Objection, form. | | 17· · · · A.· ·Very recently, I've already had five to | | 18· ·six bank accounts locked in the US. | | 19· ·BY MR. LUFT: | | 20· · · · Q.· ·What do you mean when you say you have had | | 21· ·five or six bank accounts locked in the US? | | 22· · · · A.· ·It's that whenever I open an account with | | 23· ·any bank and use it for a little while, it gets | | 24· ·locked. | | 25· · · · · · ·And the most recent one was locked last | | |

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Page 55 ·1· · · · · · · · · · · · · M. Guo ·2· ·week, and I haven't had the opportunity to get ·3· ·another one. ·4· · · · Q.· ·What bank was that with? ·5· · · · · · ·MR. VARTAN:· Objection, form. ·6· · · · A.· ·Chase, Bank of America, Citibank, ·7· ·First Republic -- oh, no, I can't remember -- yes, ·8· ·First Republic. ·9· · · · · · ·And these are the ones that I can remember 10· ·for now. 11· ·BY MR. LUFT: 12· · · · Q.· ·Did any of those banks give you an 13· ·explanation for why your bank account was locked? 14· · · · · · ·MR. VARTAN:· Objection, form. 15· · · · A.· ·Entire, not. 16· ·BY MR. LUFT: 17· · · · Q.· ·And I'm told -- is the proper translation 18· ·"closed," not "locked"? 19· · · · A.· ·Right.· So they canceled my account number 20· ·and told me that they will never have a business 21· ·relationship with me. 22· · · · Q.· ·Other than telling you that they would 23· ·never have a business relationship with you, did any 24· ·of those banks give you any further explanation for 25· ·why they would not have a business relationship with

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Page 56 ·1· · · · · · · · · · · · · M. Guo ·2· ·you? ·3· · · · · · ·MR. VARTAN:· Objection, form. ·4· · · · A.· ·No.· I've asked, and they just told me ·5· ·it's not up to them. ·6· ·BY MR. LUFT: ·7· · · · Q.· ·You're the legal owner -- let me strike ·8· ·that. ·9· · · · · · ·You're familiar with an entity called 10· ·Hong Kong International USA? 11· · · · A.· ·Yes. 12· · · · Q.· ·And you allege that you are the owner of 13· ·that entity, correct? 14· · · · A.· ·Yes. 15· · · · Q.· ·And Hong Kong International USA has no 16· ·bank accounts, correct? 17· · · · A.· ·Correct. 18· · · · Q.· ·Other than Hong Kong International USA, is 19· ·there any other entity that you allege that you own? 20· · · · · · ·MR. VARTAN:· Objection, form. 21· · · · A.· ·Yes. 22· ·BY MR. LUFT: 23· · · · Q.· ·What is the name of that entity? 24· · · · · · ·MR. VARTAN:· Objection, form. 25· · · · A.· ·I can't remember now.

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Page 57 ·1· · · · · · · · · · · · · M. Guo ·2· ·BY MR. LUFT: ·3· · · · Q.· ·Can you -- is it more than one entity? ·4· · · · · · ·MR. VARTAN:· Objection, form. ·5· · · · A.· ·Yes, probably. ·6· ·BY MR. LUFT: ·7· · · · Q.· ·Okay.· What do you recall about the ·8· ·entities that you own? ·9· · · · · · ·MR. VARTAN:· Objection, form. 10· · · · A.· ·I really can't remember now. 11· ·BY MR. LUFT: 12· · · · Q.· ·Are you the legal owner of that entity? 13· · · · · · ·MR. VARTAN:· Objection, form. 14· · · · · · ·I think I'd just ask for clarification 15· · · · what entity you're referring to? 16· · · · A.· ·My question is which entity. 17· ·BY MR. LUFT: 18· · · · Q.· ·I asked you if -- other than Hong Kong 19· ·International USA, if there's any other entity that 20· ·you own.· You told me that there was but you don't 21· ·remember the name. 22· · · · · · ·So I'm asking you about that entity that 23· ·you state that you own that is not Hong Kong 24· ·International USA. 25· · · · · · ·MR. VARTAN:· She said there were multiple

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Page 58 ·1· · · · · · · · · · · · · M. Guo ·2· · · · entities. ·3· · · · · · ·MR. LUFT:· No, she didn't.· She said she ·4· · · · doesn't recall.· Maybe. ·5· · · · · · ·MR. VARTAN:· I think the question is ·6· · · · confusing. ·7· · · · · · ·MR. LUFT:· Okay.· Honestly, if you'd like ·8· · · · to be deposed next, let me know and I'll -- but ·9· · · · right now I'm just going to talk to Ms. Guo, 10· · · · okay? 11· · · · · · ·MR. VARTAN:· I'm happy -- I'm happy to be 12· · · · deposed. 13· · · · · · ·MR. LUFT:· I'm sure you are. 14· · · · · · ·MR. VARTAN:· I'm happy to be deposed. 15· · · · He's welcome to depose me right now. 16· · · · · · ·MR. LUFT:· You've been testifying all day. 17· · · · I'm sure you do. 18· ·BY MR. LUFT: 19· · · · Q.· ·Ms. Guo, I'm asking you about whatever 20· ·entity that you were referring to.· So let's just 21· ·clarify this. 22· · · · · · ·Other than Hong Kong USA, is there more 23· ·than one entity that you are the owner of? 24· · · · · · ·MR. VARTAN:· Objection, form. 25· · · · A.· ·So you mean that you are asking me how

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Page 59 ·1· · · · · · · · · · · · · M. Guo ·2· ·many? ·3· ·BY MR. LUFT: ·4· · · · Q.· ·Let's start with that.· How many entities ·5· ·other than Hong Kong USA do you allege that you own? ·6· · · · · · ·MR. VARTAN:· Objection, form. ·7· · · · A.· ·I really didn't know previously but ·8· ·recently I've overheard your colleague, Luc, ·9· ·threatening my dad, saying that I have nine 10· ·companies. 11· ·BY MR. LUFT: 12· · · · Q.· ·Where did you overhear Mr. Despins? 13· · · · · · ·MR. VARTAN:· Objection, form. 14· · · · · · ·THE INTERPRETER:· The name? 15· · · · · · ·MR. LUFT:· D-E-S-P-I-N-S. 16· · · · · · ·MR. VARTAN:· And I would just say that 17· · · · it -- 18· · · · · · ·MR. LUFT:· Counsel, please stop 19· · · · interfering. 20· · · · · · ·MR. VARTAN:· I need to interpose an 21· · · · objection. 22· · · · · · ·If you learned from counsel about these 23· · · · conversations, then I'd ask you not to speak 24· · · · about conversations with counsel. 25· · · · A.· ·I don't remember exactly when.

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| | ·1· · · · · · · · · · · · · M. Guo | Page 60 | |-------------------------|----------------------------------------------------------|---------| | ·2· ·BY MR. LUFT: | | | | | ·3· · · · Q.· ·Have you ever attended any hearings? | | | ·4· · · · A.· ·No. | | | | | ·5· · · · Q.· ·Have you ever been in a room with | | | ·6· ·Mr. Despins? | | | | ·7· · · · A.· ·No. | | | | | ·8· · · · Q.· ·Have you ever been on a phone call with | | | ·9· ·Mr. Despins? | | | | 10· · · · A.· ·No. | | | | | 11· · · · Q.· ·In fact, you've never heard Mr. Despins | | | | 12· ·say anything to your father, correct? | | | | 13· · · · · · ·MR. VARTAN:· Objection, form. | | | | 14· · · · A.· ·That's correct. | | | 15· ·BY MR. LUFT: | | | | | 16· · · · Q.· ·Are you -- putting aside what anyone may | | | | 17· ·have told you about what Mr. Despins may or may not | | | | 18· ·have said, to your knowledge, how many entities do | | | | 19· ·you believe that you own other than Hong Kong | | | 20· ·International USA? | | | | | 21· · · · · · ·MR. VARTAN:· Objection, form. | | | | 22· · · · A.· ·I don't remember. | | | 23· ·BY MR. LUFT: | | | | | 24· · · · Q.· ·Do you control those entities? | | | | 25· · · · · · ·MR. VARTAN:· Objection, form. | | | | | |

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Page 61 ·1· · · · · · · · · · · · · M. Guo ·2· · · · A.· ·Yes. ·3· ·BY MR. LUFT: ·4· · · · Q.· ·What are their names? ·5· · · · · · ·MR. VARTAN:· Objection, form. ·6· · · · A.· ·I can't remember now. ·7· ·BY MR. LUFT: ·8· · · · Q.· ·What businesses are they in? ·9· · · · · · ·MR. VARTAN:· Objection, form. 10· · · · A.· ·As far as I know, there's no business 11· ·currently. 12· ·BY MR. LUFT: 13· · · · Q.· ·Where are they located? 14· · · · · · ·MR. VARTAN:· Objection, form. 15· · · · A.· ·Are you referring to the location of the 16· ·company? 17· ·BY MR. LUFT: 18· · · · Q.· ·Uh-huh. 19· · · · A.· ·At this moment, these companies don't have 20· ·a physical address. 21· · · · Q.· ·Do any of these companies have employees? 22· · · · · · ·MR. VARTAN:· Objection, form. 23· · · · A.· ·No. 24· ·BY MR. LUFT: 25· · · · Q.· ·Do any of these entities have assets?

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Page 62 ·1· · · · · · · · · · · · · M. Guo ·2· · · · · · ·MR. VARTAN:· Objection, form. ·3· · · · A.· ·My yacht. ·4· ·BY MR. LUFT: ·5· · · · Q.· ·Other than Hong Kong International USA, do ·6· ·any of the entities that you purport to own have any ·7· ·assets? ·8· · · · · · ·MR. VARTAN:· Objection, form. ·9· · · · A.· ·Just my yacht. 10· ·BY MR. LUFT: 11· · · · Q.· ·Is that an asset that is held by any 12· ·entity other than Hong Kong International USA? 13· · · · A.· ·You're referring to the yacht, my yacht? 14· · · · Q.· ·I'm asking other than Hong Kong 15· ·International USA, do any of the other entities you 16· ·own and control have an interest in the Lady May? 17· · · · A.· ·No. 18· · · · Q.· ·So is it fair to say that -- strike that. 19· · · · · · ·Did you establish these other entities 20· ·that you own and control -- 21· · · · · · ·MR. VARTAN:· Objection to form. 22· ·BY MR. LUFT: 23· · · · Q.· ·-- other than Hong Kong International USA? 24· · · · · · ·MR. VARTAN:· Objection, form. 25· · · · A.· ·They were not established by me.

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| | | ·1· · · · · · · · · · · · · M. Guo | Page 63 | |----|-----------------------|---------------------------------------------------------|---------| | | ·2· ·BY MR. LUFT: | | | | | | ·3· · · · Q.· ·Who were they established by? | | | | | ·4· · · · · · ·MR. VARTAN:· Objection, form. | | | | | ·5· · · · A.· ·I don't remember. | | | | ·6· ·BY MR. LUFT: | | | | | | ·7· · · · Q.· ·How did you acquire those entities? | | | | | ·8· · · · · · ·MR. VARTAN:· Objection, form. | | | | | ·9· · · · A.· ·They were transferred to me. | | | | 10· ·BY MR. LUFT: | | | | | | 11· · · · Q.· ·Who transferred those entities to you? | | | | | 12· · · · · · ·MR. VARTAN:· Objection, form. | | | | | 13· · · · A.· ·People managing the family fund. | | | | 14· ·BY MR. LUFT: | | | | | | 15· · · · Q.· ·Which people? | | | | | 16· · · · · · ·MR. VARTAN:· Objection, form. | | | | | 17· · · · A.· ·I can't remember the exact. | | | | 18· ·BY MR. LUFT: | | | | | | 19· · · · Q.· ·Can you remember anyone who transferred | | | | | 20· ·you one of these companies that you now own? | | | | | 21· · · · · · ·MR. VARTAN:· Objection, form. | | | | | 22· · · · A.· ·Yes.· HKI.· This company was transferred | | | | 23· ·to me by Ms. Qu. | | | | | | 24· · · · · · ·THE INTERPRETER:· Spelled as Q-U. | | | 25 | | | | | | | | |

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| ·1· · · · · · · · · · · · · M. Guo | Page 64 | | |-----------------------------------------------------------|---------|--| | ·2· ·BY MR. LUFT: | | | | ·3· · · · Q.· ·Other than Hong Kong International, can | | | | ·4· ·you tell me anyone who transferred one of the | | | | ·5· ·entities you purport to own? | | | | ·6· · · · · · ·MR. VARTAN:· Objection, form. | | | | ·7· · · · A.· ·I don't remember. | | | | ·8· ·BY MR. LUFT: | | | | ·9· · · · Q.· ·Why did they -- other than Hong Kong | | | | 10· ·International, why were any of these entities that | | | | 11· ·you purport to own transferred to you? | | | | 12· · · · · · ·MR. VARTAN:· Objection, form. | | | | 13· · · · A.· ·So I can help managing the company. | | | | 14· ·BY MR. LUFT: | | | | 15· · · · Q.· ·Do any of those companies have operations? | | | | 16· · · · · · ·MR. VARTAN:· Objection, form. | | | | 17· · · · A.· ·At the moment, no. | | | | 18· ·BY MR. LUFT: | | | | 19· · · · Q.· ·Did they ever have operations from the | | | | 20· ·time she's held them? | | | | 21· · · · · · ·MR. VARTAN:· Objection, form. | | | | 22· · · · A.· ·Not yet. | | | | 23· ·BY MR. LUFT: | | | | 24· · · · Q.· ·So if they have no operations, what do you | | | | 25· ·do to manage them? | | |

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Page 65 ·1· · · · · · · · · · · · · M. Guo ·2· · · · · · ·MR. VARTAN:· Objection, form. ·3· · · · A.· ·Nothing. ·4· ·BY MR. LUFT: ·5· · · · Q.· ·Just to be clear, do any of those entities ·6· ·have -- well, you told me Hong Kong International ·7· ·doesn't have a bank account. ·8· · · · · · ·Do any of these other entities that you ·9· ·purport to own have bank accounts? 10· · · · · · ·MR. VARTAN:· Objection, form. 11· · · · A.· ·I don't remember. 12· ·BY MR. LUFT: 13· · · · Q.· ·Do you recall if any of them have any 14· ·assets? 15· · · · · · ·MR. VARTAN:· Objection, form. 16· · · · A.· ·I don't remember. 17· ·BY MR. LUFT: 18· · · · Q.· ·Okay.· Who made the decision that other 19· ·than Hong Kong International, those entities that 20· ·you purport to own should be transferred to you? 21· · · · · · ·MR. VARTAN:· Objection, form. 22· · · · A.· ·People from the family fund. 23· ·BY MR. LUFT: 24· · · · Q.· ·Which people? 25· · · · · · ·MR. VARTAN:· Objection, form.

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| | Page 66 | | |-----------------------------------------------------------|---------|--| | ·1· · · · · · · · · · · · · M. Guo | | | | ·2· · · · A.· ·At that time, it was a decision reached by | | | | ·3· ·negotiation with everybody. | | | | ·4· ·BY MR. LUFT: | | | | ·5· · · · Q.· ·Specifically, which people made the | | | | ·6· ·decision to send -- to transfer these companies that | | | | ·7· ·did not have assets and operations to your | | | | ·8· ·ownership? | | | | ·9· · · · · · ·MR. VARTAN:· Objection, form. | | | | 10· · · · · · ·THE INTERPRETER:· Can the interpreter | | | | 11· · · · clarify single or plural from the witness? | | | | 12· · · · · · ·MR. LUFT:· Sure. | | | | 13· · · · A.· ·My uncles and also myself. | | | | 14· ·BY MR. LUFT: | | | | 15· · · · Q.· ·Which uncles? | | | | 16· · · · · · ·MR. VARTAN:· Objection, form. | | | | 17· · · · A.· ·At the time, it was the fifth and the | | | | 18· ·sixth older brothers of my dad. | | | | 19· ·BY MR. LUFT: | | | | 20· · · · Q.· ·And these are the same uncles whose names | | | | 21· ·you don't know? | | | | 22· · · · · · ·MR. VARTAN:· Objection, form. | | | | 23· · · · A.· ·Right. | | | | 24· ·BY MR. LUFT: | | | | 25· · · · Q.· ·Why did they establish these companies? | | | | | | |

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Page 67 ·1· · · · · · · · · · · · · M. Guo ·2· · · · · · ·MR. VARTAN:· Objection, form. ·3· · · · A.· ·I don't know. ·4· ·BY MR. LUFT: ·5· · · · Q.· ·You said you had a discussion with them. ·6· · · · · · ·What was the reason for why those ·7· ·companies were transferred to your ownership? ·8· · · · · · ·MR. VARTAN:· Objection, asked and ·9· · · · answered. 10· · · · A.· ·The specific reason is in 2017, I came 11· ·back to the US.· So compared with them, I have a 12· ·better personal security.· So the decision was to 13· ·first transfer them to me. 14· · · · · · ·And also, because I was managing 15· ·Pangu Plaza at that time, and that's my 16· ·responsibility as part of the family fund. 17· ·BY MR. LUFT: 18· · · · Q.· ·Do you know in what country these 19· ·companies are incorporated? 20· · · · · · ·MR. VARTAN:· Objection, form. 21· · · · A.· ·Hong Kong probably. 22· ·BY MR. LUFT: 23· · · · Q.· ·Do you own any cars? 24· · · · · · ·MR. VARTAN:· Objection, form. 25· · · · · · ·THE INTERPRETER:· Sorry.· I didn't

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Page 68 ·1· · · · · · · · · · · · · M. Guo ·2· · · · understand. ·3· ·BY MR. LUFT: ·4· · · · Q.· ·Do you own any cars? ·5· · · · A.· ·No.· I don't know how to drive. ·6· · · · Q.· ·Do any of the entities that you control ·7· ·have any cars listed in their names? ·8· · · · · · ·MR. VARTAN:· Objection, form. ·9· · · · A.· ·I don't remember. 10· ·BY MR. LUFT: 11· · · · Q.· ·Does the family fund control any cars that 12· ·are located in the United States? 13· · · · · · ·MR. VARTAN:· Objection, form. 14· · · · A.· ·I don't know. 15· ·BY MR. LUFT: 16· · · · Q.· ·Do any of the companies that you control 17· ·have as an asset an airplane? 18· · · · · · ·MR. VARTAN:· Objection, form. 19· · · · A.· ·It has happened. 20· ·BY MR. LUFT: 21· · · · Q.· ·Which companies that you control had an 22· ·airplane as an asset? 23· · · · · · ·MR. VARTAN:· Objection, form. 24· · · · A.· ·I don't remember the name. 25

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Page 69 ·1· · · · · · · · · · · · · M. Guo ·2· ·BY MR. LUFT: ·3· · · · Q.· ·When did they hold the plane as an asset? ·4· · · · · · ·MR. VARTAN:· Objection, form. ·5· · · · A.· ·I think it was probably in 2017 or 2018. ·6· ·I don't remember the exact date. ·7· ·BY MR. LUFT: ·8· · · · Q.· ·What happened to that plane? ·9· · · · · · ·MR. VARTAN:· Objection, form. 10· · · · A.· ·We didn't really use it much, and it's 11· ·hard to manage.· So we put it into the market for 12· ·many years.· Eventually it sold. 13· ·BY MR. LUFT: 14· · · · Q.· ·When was the plane sold? 15· · · · · · ·MR. VARTAN:· Objection, form. 16· · · · A.· ·It was summer last year, and it had been 17· ·in the market for many years. 18· ·BY MR. LUFT: 19· · · · Q.· ·So this past summer? 20· · · · · · ·MR. VARTAN:· Objection, form. 21· · · · A.· ·Yes. 22· ·BY MR. LUFT: 23· · · · Q.· ·When you say "we sold it," who is the 24· ·"we"? 25· · · · · · ·MR. VARTAN:· Objection, form.

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| | ·1· · · · · · · · · · · · · M. Guo | Page 70 | |----------------------|----------------------------------------------------------|---------| | | ·2· · · · A.· ·So that would be a word introduced by the | | | | ·3· ·interpreter.· I didn't specifically say "we."· The | | | | ·4· ·interpreter said "we." | | | ·5· ·BY MR. LUFT: | | | | | ·6· · · · Q.· ·Okay.· So who made the decision to sell | | | | ·7· ·the plane in the summer of 2022? | | | | ·8· · · · · · ·MR. VARTAN:· Objection, form. | | | ·9· · · · A.· ·Me. | | | | 10· ·BY MR. LUFT: | | | | | 11· · · · Q.· ·And when in the summer of 2022 did you | | | 12· ·sell the plane? | | | | | 13· · · · · · ·MR. VARTAN:· Objection, form. | | | | 14· · · · A.· ·I don't remember. | | | 15· ·BY MR. LUFT: | | | | | 16· · · · Q.· ·Who did you sell the plane to? | | | | 17· · · · · · ·MR. VARTAN:· Objection, form. | | | | 18· · · · A.· ·I can't remember the party's name that I | | | 19· ·sold it to. | | | | 20· ·BY MR. LUFT: | | | | | 21· · · · Q.· ·How much did you sell the plane for? | | | | 22· · · · · · ·MR. VARTAN:· Objection, form. | | | | 23· · · · A.· ·I think it's over 10 million. | | | 24· ·BY MR. LUFT: | | | | | 25· · · · Q.· ·And what happened to those funds? | | | | | |

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Page 71 ·1· · · · · · · · · · · · · M. Guo ·2· · · · · · ·MR. VARTAN:· Objection, form. ·3· · · · A.· ·My brother helped me to take care of the ·4· ·funds.· I don't know about the specifics. ·5· ·BY MR. LUFT: ·6· · · · Q.· ·How did your brother help you take care of ·7· ·the funds? ·8· · · · · · ·MR. VARTAN:· Objection, form. ·9· · · · A.· ·How he took care of it?· I'm not sure if I 10· ·understand what that means. 11· ·BY MR. LUFT: 12· · · · Q.· ·Well, you said that your brother helped 13· ·you take care of the funds.· So I want to 14· ·understand; what did he do? 15· · · · · · ·MR. VARTAN:· Objection, form. 16· · · · A.· ·He helped me to negotiate on the price and 17· ·then sold it.· That's it. 18· ·BY MR. LUFT: 19· · · · Q.· ·And once you sold it, where did those 20· ·\$10 million in funds go? 21· · · · · · ·MR. VARTAN:· Objection, form. 22· · · · A.· ·Now it's at somewhere with a third party. 23· ·BY MR. LUFT: 24· · · · Q.· ·Which third party holds the \$10 million 25· ·from the sale of the airplane?

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Page 72 ·1· · · · · · · · · · · · · M. Guo ·2· · · · · · ·MR. VARTAN:· Objection, form. ·3· · · · A.· ·I don't know. ·4· ·BY MR. LUFT: ·5· · · · Q.· ·You don't know where \$10 million is that ·6· ·you received for the sale of a plane that a company ·7· ·you own controlled? ·8· · · · · · ·MR. VARTAN:· Objection, asked and ·9· · · · answered. 10· · · · A.· ·I've just mentioned at a third party. 11· ·BY MR. LUFT: 12· · · · Q.· ·What third party? 13· · · · · · ·MR. VARTAN:· Objection, form. 14· · · · A.· ·I don't know. 15· ·BY MR. LUFT: 16· · · · Q.· ·If you wanted to get that \$10 million, how 17· ·would you find it, given that you don't know the 18· ·name of the third party who's holding it? 19· · · · · · ·MR. VARTAN:· Objection, form. 20· · · · A.· ·I'll ask my brother. 21· ·BY MR. LUFT: 22· · · · Q.· ·So you have no knowledge who has that 23· ·\$10 million right now? 24· · · · · · ·MR. VARTAN:· Asked and answered. 25· · · · A.· ·I just don't remember the name of them.

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Case 22-50073 Doc 1529 Filed 03/09/23 Entered 03/09/23 12:00:00 Page 73 of 210

| | ·1· · · · · · · · · · · · · M. Guo | Page 73 | |--------------------|----------------------------------------------------------|---------| | ·2· ·BY MR. LUFT: | | | | | ·3· · · · Q.· ·Is it a person or a corporation? | | | | ·4· · · · · · ·MR. VARTAN:· Objection, form. | | | | ·5· · · · A.· ·I don't remember. | | | ·6· ·BY MR. LUFT: | | | | | ·7· · · · Q.· ·Who's the owner of that \$10 million? | | | | ·8· · · · · · ·MR. VARTAN:· Objection, form. | | | ·9· · · · A.· ·Me. | | | | 10· ·BY MR. LUFT: | | | | | 11· · · · Q.· ·Is it possible that that \$10 million -- | | | 12· ·strike that. | | | | | 13· · · · · · ·Where was the sale done? | | | | 14· · · · · · ·MR. VARTAN:· Objection, form. | | | | 15· · · · A.· ·I don't remember. | | | 16· ·BY MR. LUFT: | | | | | 17· · · · Q.· ·What type of plane was it? | | | | 18· · · · · · ·MR. VARTAN:· Objection, form. | | | | 19· · · · A.· ·So the exact model, I think it might have | | | | 20· ·been 747.· It's pretty big. | | | 21· ·BY MR. LUFT: | | | | | 22· · · · Q.· ·Is it a plane you had traveled on with | | | 23· ·your family? | | | | | 24· · · · · · ·MR. VARTAN:· Objection to form. | | | | 25· · · · A.· ·Yes.· When I was a kid back in China, I | |

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Case 22-50073 Doc 1529 Filed 03/09/23 Entered 03/09/23 12:00:00 Page 74 of 210

| | ·1· · · · · · · · · · · · · M. Guo | Page 74 | |----|---------------------------------------------------------|---------| | | ·2· ·traveled with my family on it. | | | | ·3· ·BY MR. LUFT: | | | | ·4· · · · Q.· ·How old were you then? | | | | ·5· · · · · · ·MR. VARTAN:· Objection, form. | | | | ·6· · · · A.· ·I was a teenager. | | | | ·7· ·BY MR. LUFT: | | | | ·8· · · · Q.· ·So how old is this plane? | | | | ·9· · · · · · ·MR. VARTAN:· Objection, form. | | | | 10· · · · A.· ·I think it's probably 15 years. | | | | 11· ·BY MR. LUFT: | | | | 12· · · · Q.· ·And you don't recall which of your | | | | 13· ·entities held that plane -- | | | | 14· · · · · · ·MR. VARTAN:· Objection, form. | | | | 15· ·BY MR. LUFT: | | | | 16· · · · Q.· ·-- prior to the sale this summer? | | | | 17· · · · · · ·MR. VARTAN:· Objection, form. | | | | 18· · · · A.· ·I can't remember the full name.· I think | | | | 19· ·it's probably Whitcraft. | | | | 20· ·BY MR. LUFT: | | | | 21· · · · Q.· ·When was the last time you flew on the | | | | 22· ·plane? | | | | 23· · · · · · ·MR. VARTAN:· Objection, form. | | | | 24· · · · A.· ·I don't remember. | | | 25 | | | | | | |

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| ·1· · · · · · · · · · · · · M. Guo | Page 75 | |-----------------------------------------------------------|---------| | ·2· ·BY MR. LUFT: | | | ·3· · · · Q.· ·When was the last time your father flew on | | | ·4· ·the plane? | | | ·5· · · · · · ·MR. VARTAN:· Objection, form. | | | ·6· · · · A.· ·I don't remember either. | | | ·7· ·BY MR. LUFT: | | | ·8· · · · Q.· ·Okay.· Does Hong Kong International USA | | | ·9· ·file tax returns? | | | 10· · · · A.· ·Yes. | | | 11· · · · Q.· ·Where does it file tax returns? | | | 12· · · · A.· ·In New York.· I'm not sure. | | | 13· · · · Q.· ·Do you have copies of those tax returns? | | | 14· · · · A.· ·Not at the moment. | | | 15· · · · Q.· ·Who holds copies of those tax returns? | | | 16· · · · A.· ·The person who does tax for me. | | | 17· · · · Q.· ·And when you were in Hong Kong, did you | | | 18· ·file -- Hong Kong International, did it file tax | | | 19· ·returns? | | | 20· · · · A.· ·I don't know. | | | 21· · · · Q.· ·Do you know why Mr. Vartan would have | | | 22· ·written to O'Melveny & Myers and told them that | | | 23· ·Hong Kong International does not file tax returns? | | | 24· · · · · · ·MR. VARTAN:· Objection. | | | 25· · · · A.· ·I'm actually a bit confused now. | |

Case 22-50073 Doc 1529 Filed 03/09/23 Entered 03/09/23 12:00:00 Page 76 of 210

| | Page 76 | |-----------------------------------------------------------|---------| | ·1· · · · · · · · · · · · · M. Guo | | | ·2· · · · · · ·Now we're talking about Hong Kong | | | ·3· ·International, right? | | | ·4· ·BY MR. LUFT: | | | ·5· · · · Q.· ·No.· Hong Kong International USA. | | | ·6· · · · · · ·Do you know why Mr. Vartan would have told | | | ·7· ·O'Melveny & Myers in 2021 that Hong Kong | | | ·8· ·International USA does not file tax returns? | | | ·9· · · · · · ·MR. VARTAN:· Objection, form. | | | 10· · · · A.· ·That's because this company now doesn't | | | 11· ·make any profits. | | | 12· · · · · · ·I think I probably made a mistake myself | | | 13· ·earlier because I don't really remember details | | | 14· ·about the tax. | | | 15· ·BY MR. LUFT: | | | 16· · · · Q.· ·When you said you made a mistake, what do | | | 17· ·you mean?· Does Hong Kong International USA file tax | | | 18· ·returns or not? | | | 19· · · · A.· ·I'm not -- I'm really not sure. | | | 20· · · · Q.· ·Okay.· You allege that the Lady May was | | | 21· ·given to you as a gift, correct? | | | 22· · · · A.· ·Yes. | | | 23· · · · Q.· ·Did you declare it as a gift for taxes in | | | 24· ·any country? | | | 25· · · · · · ·MR. VARTAN:· Objection, form. | | | | |

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Case 22-50073 Doc 1529 Filed 03/09/23 Entered 03/09/23 12:00:00 Page 77 of 210

Page 77 ·1· · · · · · · · · · · · · M. Guo ·2· · · · · · ·Again, if this is calling for advice of ·3· · · · counsel or conversations with counsel, you ·4· · · · can't disclose that. ·5· · · · A.· ·I don't remember. ·6· ·BY MR. LUFT: ·7· · · · Q.· ·You don't know if you declared -- let me ·8· ·just be very clear. ·9· · · · · · ·Have you ever declared the Lady May as a 10· ·gift for purposes of taxes filed in the 11· ·United States by yourself or Hong Kong 12· ·International? 13· · · · · · ·MR. VARTAN:· Objection.· Same admonition, 14· · · · that if this implicates -- 15· · · · · · ·MR. LUFT:· This is a yes-or-no question, 16· · · · Counsel.· These are completely improper. 17· · · · · · ·Counsel, there's no privilege issue to 18· · · · asking yes or no, did she declare it on her 19· · · · taxes.· Right? 20· · · · · · ·MR. VARTAN:· If she was directed by her 21· · · · attorneys to do one thing -- 22· · · · · · ·MR. LUFT:· No.· I'm not asking what advice 23· · · · she got.· I'm asking yes or no, did something 24· · · · happen. 25· · · · · · ·Counsel, this is improper.

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Case 22-50073 Doc 1529 Filed 03/09/23 Entered 03/09/23 12:00:00 Page 78 of 210

Page 78 ·1· · · · · · · · · · · · · M. Guo ·2· · · · · · ·MR. VARTAN:· I'm allowed to interpose my ·3· · · · objection. ·4· ·BY MR. LUFT: ·5· · · · Q.· ·Go ahead, Ms. Guo.· Please answer the ·6· ·question. ·7· · · · A.· ·I don't remember. ·8· · · · Q.· ·Did you ever declare the Lady May as gift ·9· ·for purposes of filing taxes in Hong Kong? 10· · · · · · ·MR. VARTAN:· Same objection. 11· · · · A.· ·I don't remember. 12· ·BY MR. LUFT: 13· · · · Q.· ·Is there any country that you know of for 14· ·which you declared the Lady May as a gift for 15· ·purposes of filing taxes? 16· · · · · · ·MR. VARTAN:· Same objection. 17· · · · A.· ·I don't remember. 18· ·BY MR. LUFT: 19· · · · Q.· ·Okay.· Are you familiar with a woman named 20· ·Yvette Wang? 21· · · · A.· ·Yes.· I know her. 22· · · · Q.· ·Who is Ms. Wang? 23· · · · A.· ·She's my friend and she's also worked at 24· ·my brother's company. 25· · · · Q.· ·What company is that?

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| | ·1· · · · · · · · · · · · · M. Guo | Page 79 | |--------------------------|-----------------------------------------------------------|---------| | | ·2· · · · · · ·(A discussion was held off the record.) | | | | ·3· · · · · · ·THE INTERPRETER:· The interpreter stands | | | | ·4· · · · corrected.· The witness said "She worked for my | | | ·5· · · · brother." | | | | ·6· ·BY MR. LUFT: | | | | | ·7· · · · Q.· ·What does Ms. Wang do for your brother? | | | | ·8· · · · A.· ·She works at my brother's family fund | | | ·9· ·office. | | | | | 10· · · · Q.· ·And what is the name of your brother's | | | 11· ·family fund office? | | | | | 12· · · · A.· ·Golden Spring, New York. | | | | 13· · · · Q.· ·Does she still work there? | | | 14· · · · A.· ·No. | | | | | 15· · · · Q.· ·Where does she work now? | | | | 16· · · · A.· ·I don't know. | | | | 17· · · · Q.· ·When did she stop working there? | | | | 18· · · · A.· ·I don't know the exact time. | | | | 19· · · · Q.· ·What's your best estimate? | | | | 20· · · · A.· ·Last year. | | | | 21· · · · Q.· ·Before or after your father declared | | | 22· ·bankruptcy? | | | | | 23· · · · A.· ·After, I think. | | | | 24· · · · Q.· ·How long after your father declared | | | | 25· ·bankruptcy did Ms. Wang leave her employment at | |

Case 22-50073 Doc 1529 Filed 03/09/23 Entered 03/09/23 12:00:00 Page 80 of 210

Page 80 ·1· · · · · · · · · · · · · M. Guo ·2· ·Golden Spring? ·3· · · · A.· ·I don't remember. ·4· · · · Q.· ·Do you know Ms. Wang's phone number? ·5· · · · · · ·MR. VARTAN:· Objection, form. ·6· · · · A.· ·I don't know. ·7· ·BY MR. LUFT: ·8· · · · Q.· ·Do you know where Ms. Wang lives? ·9· · · · · · ·MR. VARTAN:· Objection, form. 10· · · · A.· ·I don't know. 11· ·BY MR. LUFT: 12· · · · Q.· ·If you had to send her a letter, what 13· ·address would you send it to? 14· · · · · · ·MR. VARTAN:· Objection, form. 15· · · · A.· ·I don't write letters to her. 16· ·BY MR. LUFT: 17· · · · Q.· ·Do you have her email address? 18· · · · A.· ·No. 19· · · · Q.· ·Who else works at Golden Spring other than 20· ·Ms. Wang? 21· · · · A.· ·A lot of people.· I don't know their 22· ·names. 23· · · · Q.· ·Do you know anyone's name other than 24· ·Ms. Wang who has worked at Golden Spring? 25· · · · A.· ·I don't remember.

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Case 22-50073 Doc 1529 Filed 03/09/23 Entered 03/09/23 12:00:00 Page 81 of 210

| | ·1· · · · · · · · · · · · · M. Guo | Page 81 | |----------------------|-----------------------------------------------------------|---------| | | ·2· · · · Q.· ·When was the last time you saw Ms. Wang? | | | | ·3· · · · A.· ·Last month. | | | | ·4· · · · · · ·It's January now, right?· It's been one or | | | ·5· ·two months. | | | | | ·6· · · · Q.· ·Where did you see Ms. Wang? | | | | ·7· · · · A.· ·In Connecticut. | | | | ·8· · · · Q.· ·At your parents' home? | | | ·9· · · · A.· ·Yes. | | | | | 10· · · · Q.· ·Do you believe Ms. Wang to be honest? | | | | 11· · · · · · ·MR. VARTAN:· Objection, form. | | | 12· · · · A.· ·Yes. | | | | 13· ·BY MR. LUFT: | | | | | 14· · · · Q.· ·To be truthful? | | | | 15· · · · · · ·MR. VARTAN:· Objection, form. | | | | 16· · · · · · ·I really don't understand, you know, these | | | 17· · · · questions. | | | | | 18· · · · · · ·MR. LUFT:· Mr. Vartan -- | | | | 19· · · · · · ·MR. VARTAN:· At this point they're so far | | | | 20· · · · afield -- I mean, we've been far afield all | | | | 21· · · · day, but these in particular are completely out | | | 22· · · · of bounds. | | | | 23· ·BY MR. LUFT: | | | | | 24· · · · Q.· ·You can answer. | | | 25· · · · A.· ·Yes. | | | | | | |

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Page 82 ·1· · · · · · · · · · · · · M. Guo ·2· · · · Q.· ·If Ms. Wang said that an entity she worked ·3· ·for was actually controlled by Mr. Kwok, would you ·4· ·have any reason to believe that she was not telling ·5· ·the truth? ·6· · · · · · ·MR. VARTAN:· Objection, form. ·7· · · · A.· ·When did she say that and where did she ·8· ·say that? ·9· ·BY MR. LUFT: 10· · · · Q.· ·I'm just asking you, if she was to make a 11· ·statement that an entity she worked for was actually 12· ·controlled by your father, would you have any reason 13· ·to believe she wasn't telling the truth? 14· · · · · · ·MR. VARTAN:· Objection.· If you have a 15· · · · copy of the statement that you want to share 16· · · · with the witness, by all means.· But these are, 17· · · · you know, unfair questions.· You're asking 18· · · · hypotheticals topped on hypotheticals. 19· ·BY MR. LUFT: 20· · · · Q.· ·You can answer. 21· · · · A.· ·I would like to see that document. 22· · · · Q.· ·I'm just asking you a question. 23· · · · · · ·If that's what she said, would you have 24· ·any reason to believe she wasn't telling the truth? 25· · · · · · ·MR. VARTAN:· Objection.· She's answered

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Page 83 ·1· · · · · · · · · · · · · M. Guo ·2· · · · your question. ·3· · · · A.· ·I haven't seen this thing and I don't know ·4· ·whether she actually said that.· I can't really say ·5· ·whether she was not telling the truth. ·6· ·BY MR. LUFT: ·7· · · · Q.· ·Do you know a person named Max Krasner? ·8· · · · A.· ·Yes, I know. ·9· · · · Q.· ·Who is Mr. Krasner? 10· · · · A.· ·A person that works at my brother's 11· ·company, Golden Spring. 12· · · · Q.· ·Sorry.· Let me step back one second. 13· · · · · · ·Has Ms. Wang ever worked for you or one of 14· ·your companies? 15· · · · A.· ·No. 16· · · · Q.· ·Have you ever authorized Ms. Wang to take 17· ·actions on behalf of you or one of your companies? 18· · · · · · ·MR. VARTAN:· Objection, form. 19· · · · A.· ·I don't remember. 20· ·BY MR. LUFT: 21· · · · Q.· ·What did Mr. Krasner do at Golden Spring? 22· · · · A.· ·I'm not sure about the specifics. 23· ·Probably management. 24· · · · Q.· ·Does Mr. Krasner still work at 25· ·Golden Spring?

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Case 22-50073 Doc 1529 Filed 03/09/23 Entered 03/09/23 12:00:00 Page 84 of 210

| | | ·1· · · · · · · · · · · · · M. Guo | Page 84 | | |---------------------|--|---------------------------------------------------------|---------|--| | ·2· · · · A.· ·No. | | | | | | | | ·3· · · · Q.· ·When did Mr. Krasner stop working at | | | | ·4· ·Golden Spring? | | | | | | | | ·5· · · · A.· ·I don't remember. | | | | | | ·6· · · · Q.· ·What's your best recollection? | | | | | | ·7· · · · A.· ·Also last year. | | | | | | ·8· · · · Q.· ·Before or after your father declared | | | | ·9· ·bankruptcy? | | | | | | | | 10· · · · A.· ·After. | | | | | | 11· · · · Q.· ·Do you know where Mr. Krasner works now? | | | | | | 12· · · · A.· ·I don't know. | | | | | | 13· · · · Q.· ·When was the last time you spoke to | | | | 14· ·Mr. Krasner? | | | | | | | | 15· · · · A.· ·Last year. | | | | | | 16· · · · Q.· ·Did you ever speak to Mr. Krasner about | | | | | | 17· ·Hong Kong International? | | | | | | 18· · · · A.· ·I don't remember. | | | | | | 19· · · · Q.· ·Did you ever speak to Ms. Wang about | | | | | | 20· ·Hong Kong International? | | | | | | 21· · · · A.· ·I don't remember. | | | | | | 22· · · · Q.· ·Do you know someone named Fiona Yu? | | | | | | 23· · · · A.· ·It sounds very familiar, but I don't | | | | 24· ·remember. | | | | | | | | 25· · · · Q.· ·How about Daniel Podhaskie? | | | | | | | | |

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Case 22-50073 Doc 1529 Filed 03/09/23 Entered 03/09/23 12:00:00 Page 85 of 210

| | ·1· · · · · · · · · · · · · M. Guo | Page 85 | |---------------------|-----------------------------------------------------------|---------| | | ·2· · · · A.· ·I think this person was probably also an | | | | ·3· ·employee of Golden Spring. | | | | ·4· · · · Q.· ·Did you ever have any business dealings | | | | ·5· ·with Mr. Podhaskie? | | | | ·6· · · · A.· ·I don't remember. | | | | ·7· · · · Q.· ·Did you ever have -- did you ever speak to | | | | ·8· ·Mr. Podhaskie regarding Hong Kong International? | | | | ·9· · · · A.· ·I don't remember. | | | | 10· · · · Q.· ·Does Mr. Podhaskie work at Golden Spring | | | 11· ·currently? | | | | 12· · · · A.· ·No. | | | | | 13· · · · Q.· ·Did you ever have any business dealings | | | 14· ·with Ms. Wang? | | | | | 15· · · · A.· ·I don't remember. | | | | 16· · · · Q.· ·When was the last time you spoke to | | | 17· ·Mr. Podhaskie? | | | | | 18· · · · A.· ·I don't remember. | | | | 19· · · · Q.· ·Who is Aaron Mitchell? | | | | 20· · · · A.· ·My counsel. | | | | 21· · · · Q.· ·When did Mr. Mitchell start serving as | | | 22· ·your counsel? | | | | | 23· · · · A.· ·It's been many years. | | | | 24· · · · Q.· ·When did he first start becoming your | | | 25· ·counsel? | | | | | | |

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Case 22-50073 Doc 1529 Filed 03/09/23 Entered 03/09/23 12:00:00 Page 86 of 210

| | ·1· · · · · · · · · · · · · M. Guo | Page 86 | | |---------------------|---------------------------------------------------------|---------|--| | | ·2· · · · A.· ·I don't remember. | | | | | ·3· · · · Q.· ·Why did you hire Mr. Mitchell? | | | | | ·4· · · · · · ·MR. VARTAN:· Objection. | | | | | ·5· · · · A.· ·Because I need Mr. Mitchell. | | | | ·6· ·BY MR. LUFT: | | | | | | ·7· · · · Q.· ·Are you aware that Mr. Mitchell is also | | | | | ·8· ·your father's lawyer? | | | | ·9· · · · A.· ·Yes. | | | | | | 10· · · · Q.· ·Is Mr. Mitchell currently your counsel? | | | | 11· · · · A.· ·Yes. | | | | | | 12· · · · Q.· ·Was Mr. Mitchell your counsel during the | | | | | 13· ·time of the PAX litigation between PAX and your | | | | 14· ·father? | | | | | 15· · · · A.· ·Yes. | | | | | | 16· · · · Q.· ·Do you know Melissa Francis? | | | | 17· · · · A.· ·No. | | | | | | 18· · · · Q.· ·Have you ever had any dealings with | | | | | 19· ·Melissa Francis through Golden Spring? | | | | | 20· · · · · · ·MR. VARTAN:· Objection to form. | | | | | 21· · · · · · ·She just said she doesn't know | | | | | 22· · · · Melissa Francis. | | | | 23· · · · A.· ·No. | | | | | 24· ·BY MR. LUFT: | | | | | | 25· · · · Q.· ·If I told you that Ms. Francis was the | | | | | | | |

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Case 22-50073 Doc 1529 Filed 03/09/23 Entered 03/09/23 12:00:00 Page 87 of 210

| ·1· · · · · · · · · · · · · M. Guo | Page 87 | |-----------------------------------------------------------|---------| | ·2· ·general counsel at Golden Spring, would that refresh | | | ·3· ·your recollection? | | | ·4· · · · · · ·MR. VARTAN:· Objection. | | | ·5· · · · A.· ·I don't remember. | | | ·6· ·BY MR. LUFT: | | | ·7· · · · Q.· ·Okay.· We are going to mark as Mei Guo | | | ·8· ·Deposition Exhibit 1 what I believe you will tell me | | | ·9· ·is a copy of the affidavit you submitted to the | | | 10· ·State Supreme Court of the State of New York in | | | 11· ·connection with the Pacific Alliance Asia | | | 12· ·Opportunity Fund v. Ho Wan Kwok, Genever Holdings, | | | 13· ·and Genever Holdings Corporation litigation. | | | 14· · · · · · ·(Mei Guo Exhibit 1 was received and marked | | | 15· · · · for identification, as of this date.) | | | 16· · · · A.· ·(Witness reviews document.) | | | 17· ·BY MR. LUFT: | | | 18· · · · Q.· ·Ms. Guo, do you recognize this document? | | | 19· · · · A.· ·Yes. | | | 20· · · · Q.· ·If we turn to page 5 of 6, is that your | | | 21· ·signature? | | | 22· · · · A.· ·Yes. | | | 23· · · · Q.· ·And is everything you put in this | | | 24· ·affidavit that was submitted to the Court in the | | | 25· ·Supreme Court, State of New York, truthful and | |

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Page 88 ·1· · · · · · · · · · · · · M. Guo ·2· ·accurate? ·3· · · · A.· ·Yes. ·4· · · · Q.· ·Is there anything in this affidavit that ·5· ·you would want to change, sitting here today? ·6· · · · · · ·MR. VARTAN:· If you need to read it in ·7· · · · full, obviously, you have that ability. ·8· · · · A.· ·Let me take a look. ·9· · · · · · ·(Witness reviews document.) 10· · · · · · ·I'm done. 11· ·BY MR. LUFT: 12· · · · Q.· ·Having now reread your entire affidavit, 13· ·is there anything in it that you believe is 14· ·inaccurate? 15· · · · A.· ·No. 16· · · · Q.· ·Is there anything in it that you wish to 17· ·change? 18· · · · A.· ·No. 19· · · · Q.· ·If you're called as a witness at the 20· ·hearing in connection with this litigation, would 21· ·you give the same testimony as you have set forth in 22· ·this affidavit? 23· · · · A.· ·Yes, I would. 24· · · · Q.· ·Other than what is set forth in this 25· ·affidavit, if you were called as a witness in this

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| ·1· · · · · · · · · · · · · M. Guo | Page 89 | |-----------------------------------------------------------|---------| | ·2· ·hearing, is there anything else, sitting here today, | | | ·3· ·that you intend to testify to at the hearing before | | | ·4· ·Judge Manning at the bankruptcy court? | | | ·5· · · · · · ·MR. VARTAN:· Objection.· How could she | | | ·6· · · · possibly answer that? | | | ·7· · · · A.· ·I don't quite understand the question. | | | ·8· · · · · · ·Does it mean that if I would be saying the | | | ·9· ·same things I'm saying here today at the court? | | | 10· ·BY MR. LUFT: | | | 11· · · · Q.· ·Maybe I'll ask it a different way. | | | 12· · · · · · ·In writing this declaration that you | | | 13· ·submitted to the Supreme Court of the State of | | | 14· ·New York, did you intend to include all pertinent | | | 15· ·facts that you thought the Court should know with | | | 16· ·regard to HK International USA and your assertion of | | | 17· ·ownership with regard to the Lady May? | | | 18· · · · · · ·MR. VARTAN:· Objection, form. | | | 19· · · · A.· ·Yes. | | | 20· ·BY MR. LUFT: | | | 21· · · · Q.· ·Sitting here today, are there any other | | | 22· ·facts that you are aware of that you think the | | | 23· ·bankruptcy court should know with regard to | | | 24· ·HK International USA and your assertion that | | | 25· ·HK International USA is the owner of Lady May? | |

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Page 90 ·1· · · · · · · · · · · · · M. Guo ·2· · · · · · ·MR. VARTAN:· Objection.· How could she ·3· · · · possibly answer that? ·4· · · · · · ·If you have a specific question -- ·5· · · · · · ·MR. LUFT:· Mr. Vartan, stop. ·6· · · · · · ·MR. VARTAN:· I mean, that's not a ·7· · · · permissible question. ·8· · · · · · ·MR. LUFT:· It is a completely permissible ·9· · · · question.· I'm tired of you wasting time. 10· · · · · · ·MR. VARTAN:· I'm not wasting any time. 11· · · · That is an impossible question to answer. 12· · · · You're asking her to set forth from the 13· · · · beginning of time -- 14· · · · · · ·MR. LUFT:· Mr. Vartan?· No.· I said 15· · · · "sitting here today." 16· · · · · · ·Please listen to my question.· Stop 17· · · · interrupting. 18· ·BY MR. LUFT: 19· · · · Q.· ·Ms. Guo, please answer my question. 20· · · · · · ·MR. VARTAN:· I don't see how she can 21· · · · possibly answer that question.· I don't know 22· · · · how anyone could.· But if you can -- 23· · · · · · ·MR. LUFT:· Mr. Vartan, do we have to go to 24· · · · the Court?· I'm tired of, before every time I 25· · · · ask a question, you telling the witness "That's

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Page 91 ·1· · · · · · · · · · · · · M. Guo ·2· · · · not one you could possibly answer." ·3· · · · · · ·MR. VARTAN:· I don't know how anyone -- I ·4· · · · couldn't even answer that question. ·5· · · · · · ·MR. LUFT:· Well, guess what?· You don't ·6· · · · know any of the facts, so that doesn't surprise ·7· · · · me.· You're not getting deposed today.· She's ·8· · · · the fact witness. ·9· · · · · · ·Please let her answer the question without 10· · · · your interference. 11· · · · A.· ·I'm not quite sure what this question is. 12· ·BY MR. LUFT: 13· · · · Q.· ·Your counsel has listed you as a witness 14· ·for the upcoming PJR hearing. 15· · · · · · ·Are you aware of that? 16· · · · A.· ·Yes. 17· · · · Q.· ·Is it your intention to offer testimony on 18· ·behalf of the lawsuit you have brought and against 19· ·the counterclaims brought by the trustee at the PJR 20· ·hearing? 21· · · · A.· ·Yes. 22· · · · Q.· ·Other than the facts that you have set 23· ·forth in what has been marked as Mei Guo Deposition 24· ·Exhibit 1, which is your affidavit, are there any 25· ·other facts that you intend to offer in affirmative

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Case 22-50073 Doc 1529 Filed 03/09/23 Entered 03/09/23 12:00:00 Page 92 of 210

| Page 92<br>·1· · · · · · · · · · · · · M. Guo | | |-----------------------------------------------------------|--| | ·2· ·testimony to the bankruptcy court in connection with | | | ·3· ·the PJR hearing? | | | ·4· · · · · · ·MR. VARTAN:· Objection to the form of that | | | ·5· · · · question. | | | ·6· · · · A.· ·At the moment, no. | | | ·7· ·BY MR. LUFT: | | | ·8· · · · Q.· ·I'm marking as Mei Guo deposition | | | ·9· ·Exhibit 2 what I believe you will tell me is a copy | | | 10· ·of the hearing transcript from February 2nd, 2022, | | | 11· ·before Justice Ostrager in the PAX v. Genever | | | 12· ·Holdings litigation. | | | 13· · · · · · ·(Mei Guo Exhibit 2 was received and marked | | | 14· · · · for identification, as of this date.) | | | 15· ·BY MR. LUFT: | | | 16· · · · Q.· ·Ms. Guo, you attended this hearing, | | | 17· ·correct? | | | 18· · · · A.· ·Yes. | | | 19· · · · Q.· ·Were you there for the entirety of the | | | 20· ·hearing? | | | 21· · · · A.· ·Not the entire hearing.· Just when I was | | | 22· ·needed. | | | 23· · · · Q.· ·And Mr. Vartan represented you at that | | | 24· ·hearing? | | | 25· · · · A.· ·Yes. | | | | |

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Case 22-50073 Doc 1529 Filed 03/09/23 Entered 03/09/23 12:00:00 Page 93 of 210

| ·1· · · · · · · · · · · · · M. Guo | Page 93 | | |-----------------------------------------------------------|---------|--| | ·2· · · · Q.· ·And you're aware that Mr. Vartan appeared | | | | ·3· ·on behalf of Hong Kong International; is that | | | | ·4· ·correct? | | | | ·5· · · · A.· ·Yes. | | | | ·6· · · · Q.· ·And Mr. Vartan presented you as a witness | | | | ·7· ·at the hearing? | | | | ·8· · · · A.· ·Yes. | | | | ·9· · · · Q.· ·And Mr. Vartan presented other witnesses | | | | 10· ·on behalf of Hong Kong International at the hearing, | | | | 11· ·correct? | | | | 12· · · · A.· ·I don't quite remember. | | | | 13· · · · Q.· ·Do you recall Mr. Vartan also appeared on | | | | 14· ·your behalf at the hearing? | | | | 15· · · · A.· ·Yes. | | | | 16· · · · Q.· ·Do you recall someone named | | | | 17· ·Russell Stockil? | | | | 18· · · · A.· ·Yes. | | | | 19· · · · Q.· ·Who is Mr. Stockil? | | | | 20· · · · A.· ·The person responsible at the management | | | | 21· ·company of my yacht. | | | | 22· · · · Q.· ·Do you recall that Mr. Vartan presented | | | | 23· ·Mr. Stockil as a witness at the hearing? | | | | 24· · · · A.· ·I don't remember. | | | | 25· · · · Q.· ·I'll ask you to turn to page 76 of the | | | | | | |

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210

| ·1· · · · · · · · · · · · · M. Guo<br>·2· ·hearing transcript.· Specifically, I'm going to<br>·3· ·direct you to lines 9 through 12.<br>·4· · · · · · ·Do you see the question is to Mr. Stockil:<br>·5· · · · · · · · · "The representatives that you refer<br>·6· · · · · · ·to in paragraph 3, namely the<br>·7· · · · · · ·representatives of HK USA who contacted<br>·8· · · · · · ·you, none of them was Ms. Mei Guo,<br>·9· · · · · · ·correct?"<br>10· · · · · · · · · "Yes, that's correct."<br>11· · · · · · ·Do you see that testimony?<br>12· · · · A.· ·Yes, I see it.<br>13· · · · Q.· ·Any reason to believe that Mr. Stockil's<br>14· ·testimony was not truthful and accurate?<br>15· · · · · · ·MR. VARTAN:· Objection. | Page 94 | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 16· · · · A.· ·No. | | | 17· ·BY MR. LUFT: | | | 18· · · · Q.· ·Do you know what representative of HK USA | | | 19· ·contacted Mr. Stockil on behalf of HK USA? | | | 20· · · · A.· ·I think there was a Max.· Whether there | | | 21· ·were also others, I don't know. | | | 22· · · · Q.· ·Max Krasner is who you're referring to? | | | 23· · · · A.· ·Yes. | | | 24· · · · Q.· ·So Max Krasner was the person who | | | 25· ·contacted Mr. Stockil with regard to the Lady May? | |

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| ·1· · · · · · · · · · · · · M. Guo | Page 95 | |-----------------------------------------------------------|---------| | ·2· · · · · · ·MR. VARTAN:· Objection to form. | | | ·3· · · · · · ·Are you asking about the testimony or | | | ·4· · · · generally? | | | ·5· · · · A.· ·Here what is written is representative. | | | ·6· ·So I think there were probably several people, but I | | | ·7· ·don't quite remember exactly who. | | | ·8· ·BY MR. LUFT: | | | ·9· · · · Q.· ·Can you recall anyone other than | | | 10· ·Mr. Krasner who was authorized to speak to | | | 11· ·Mr. Stockil with regard to the Lady May? | | | 12· · · · A.· ·I don't remember. | | | 13· · · · Q.· ·If you turn to page 78, you see on line 20 | | | 14· ·Mr. Stockil is asked: | | | 15· · · · · · · · · "You've never met or spoken with | | | 16· · · · · · ·her," meaning Mei Guo, "either, correct?" | | | 17· · · · · · · · · "That is correct, yes." | | | 18· · · · · · ·Is Mr. Stockil's testimony accurate that | | | 19· ·you have never met or spoken with him? | | | 20· · · · · · ·MR. VARTAN:· As of that date or up through | | | 21· · · · present? | | | 22· ·BY MR. LUFT: | | | 23· · · · Q.· ·Why don't we start with just as of that | | | 24· ·date. | | | 25· · · · A.· ·Yes. | | | | |

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| | ·1· · · · · · · · · · · · · M. Guo | Page 96 | |--------------------------|-----------------------------------------------------------|---------| | | ·2· · · · Q.· ·Have you ever spoken with Mr. Stockil? | | | | ·3· · · · A.· ·I don't remember. | | | | ·4· · · · Q.· ·Could you look at the bottom of that page. | | | | ·5· · · · · · ·Starting at line 25, it says: | | | | ·6· · · · · · · · · "All directions on the Lady May's | | | | ·7· · · · · · ·movements comes from Ms. Guo through her | | | | ·8· · · · · · ·representatives.· That means, doesn't it, | | | | ·9· · · · · · ·that none of the direction on the | | | | 10· · · · · · ·Lady May's movements come from Ms. Guo | | | | 11· · · · · · ·directly?" | | | | 12· · · · · · · · · "Answer:· No, not to us, no.· They | | | | 13· · · · · · ·come through the family office, that's | | | 14· · · · · · ·correct." | | | | | 15· · · · · · ·And then he identifies it as | | | 16· ·Golden Spring. | | | | | 17· · · · · · ·Do you agree that it's truthful testimony | | | | 18· ·that none of the direction regarding the Lady May's | | | | 19· ·movements came to Mr. Stockil and his company from | | | 20· ·you directly? | | | | | 21· · · · · · ·MR. VARTAN:· Objection. | | | 22· · · · A.· ·I agree. | | | | 23· ·BY MR. LUFT: | | | | | 24· · · · Q.· ·Do you see on page -- | | | | 25· · · · · · ·MS. SONG:· You were asking whether that's | | | | | |

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Page 97 ·1· · · · · · · · · · · · · M. Guo ·2· · · · truthful testimony, but the interpreter asked ·3· · · · whether she agrees, whether Ms. Guo agrees with ·4· · · · that. ·5· · · · · · ·MR. LUFT:· That's fine.· I don't draw a ·6· · · · distinction. ·7· ·BY MR. LUFT: ·8· · · · Q.· ·Okay.· Do you see on line 16 on page 79: ·9· · · · · · ·"MR. VARTAN:· Your Honor, we would call 10· ·next Momchil Ivanov." 11· · · · · · ·Do you know who Mr. Ivanov is? 12· · · · A.· ·The captain at that time. 13· · · · Q.· ·If you turn to page 81, look at line 17. 14· ·Question to Mr. Ivanov was: 15· · · · · · · · · "I just want to find out whether you 16· · · · · · ·have ever met or spoken with Ms. Mei Guo." 17· · · · · · · · · "Answer:· Not directly sir, no." 18· · · · · · ·Any reason to believe Mr. Ivanov's 19· ·testimony is not truthful and accurate? 20· · · · · · ·MR. VARTAN:· Objection. 21· · · · A.· ·I'm not quite sure.· Maybe there's the 22· ·issue with the language used.· Because here it's 23· ·saying we've not spoken, but as far as I remember, 24· ·we sent messages to each other. 25

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Page 98 ·1· · · · · · · · · · · · · M. Guo ·2· ·BY MR. LUFT: ·3· · · · Q.· ·Mr. Ivanov says he's never met you. ·4· · · · · · ·Was that true at the time he gave that ·5· ·testimony? ·6· · · · A.· ·Yes. ·7· · · · Q.· ·Yes, you had never met Mr. Ivanov as of ·8· ·the time of the testimony; is that correct? ·9· · · · A.· ·That's correct.· We never met. 10· · · · Q.· ·Have you ever met Mr. Ivanov to date? 11· · · · A.· ·No. 12· · · · Q.· ·When did Mr. Ivanov stop being the captain 13· ·of the Lady May? 14· · · · A.· ·I think it was probably during the 15· ·pandemic.· During that time he was the captain in 16· ·Europe only.· So I never met him. 17· · · · Q.· ·You don't recall what date the captain of 18· ·the Lady May left his post? 19· · · · A.· ·I don't remember. 20· · · · Q.· ·And then you would agree with Mr. Ivanov 21· ·that he never received orders or directions from you 22· ·directly? 23· · · · · · ·MR. VARTAN:· Mr. Luft, where are you 24· · · · reading from? 25· · · · · · ·MR. LUFT:· It's line 22 through 24.

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Page 99 ·1· · · · · · · · · · · · · M. Guo ·2· · · · · · ·MR. VARTAN:· Thank you. ·3· · · · A.· ·I agree. ·4· ·BY MR. LUFT: ·5· · · · Q.· ·Have you ever met -- do you know who ·6· ·Craig Heaslop is? ·7· · · · · · ·MR. VARTAN:· Heaslop, H-E-A-S-L-O-P. ·8· · · · A.· ·Yes.· He is the captain that worked for ·9· ·the longest time on my yacht. 10· ·BY MR. LUFT: 11· · · · Q.· ·And Mr. Vartan called him as a witness at 12· ·the hearing as well, correct? 13· · · · A.· ·I don't remember.· I'm not sure about the 14· ·details. 15· · · · Q.· ·Turn to page 83. 16· · · · · · ·Do you see there's a line that says: 17· · · · · · · · · "MR. VARTAN:· Your Honor, the 18· · · · · · ·defendant would call Craig Heaslop to the 19· · · · · · ·stand"? 20· · · · A.· ·Yes. 21· · · · Q.· ·And the defendant in this that Mr. Vartan 22· ·is referring to is your father, correct? 23· · · · A.· ·Wait a moment.· In which line? 24· · · · Q.· ·It's lines 1 through 2, and you're welcome 25· ·to read through to 6.

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| | ·1· · · · · · · · · · · · · M. Guo | Page 100 | | |----------------------|-----------------------------------------------------------|----------|--| | ·2· · · · A.· ·Okay. | | | | | | ·3· · · · · · ·Could you please repeat the question? | | | | ·4· · · · Q.· ·Sure. | | | | | | ·5· · · · · · ·When Mr. Vartan said, "Your Honor, the | | | | | ·6· ·defendant would call Craig Heaslop to the stand," | | | | | ·7· ·the defendant he is referring to is your father, | | | | ·8· ·correct? | | | | | | ·9· · · · A.· ·I'm a little bit confused.· I'm not sure. | | | | | 10· · · · Q.· ·Was HK International a defendant in this | | | | 11· ·litigation? | | | | | | 12· · · · A.· ·This is from last year, correct? | | | | | 13· · · · Q.· ·Yes.· This is from February 2, 2022, the | | | | | 14· ·PAX litigation against your father, Genever Holdings | | | | | 15· ·Corp., and Genever Holdings LLC. | | | | | 16· · · · A.· ·So you are asking me whether we are the | | | | | 17· ·defendants, right?· I mean my -- when I refer to | | | | 18· ·"we," it's HKI. | | | | | | 19· · · · Q.· ·My question was Mr. Vartan said the | | | | | 20· ·defendant would call Craig Heaslop, and I just | | | | | 21· ·wanted to confirm it's your understanding that the | | | | | 22· ·defendant he's referring to is your father, | | | | 23· ·Mr. Kwok? | | | | | | 24· · · · A.· ·I'm not sure about the legal language. | | | | 25· · · · Q.· ·Sure. | | | |

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| | ·1· · · · · · · · · · · · · M. Guo | Page 101 | |--------------------|-----------------------------------------------------------|----------| | | ·2· · · · · · ·Was Mr. Vartan your father's counsel for | | | ·3· ·this trial? | | | | ·4· · · · A.· ·No. | | | | | ·5· · · · Q.· ·He represented you and Hong Kong | | | | ·6· ·International, correct? | | | | ·7· · · · A.· ·Correct. | | | | ·8· · · · Q.· ·Do you know Mr. Heaslop? | | | | ·9· · · · A.· ·Yes. | | | | 10· · · · Q.· ·Do you know him to be honest? | | | | 11· · · · · · ·MR. VARTAN:· Objection. | | | | 12· · · · A.· ·As far as I know, yes. | | | 13· ·BY MR. LUFT: | | | | | 14· · · · Q.· ·I want to point you to testimony, if you'd | | | | 15· ·turn to page 87. | | | | 16· · · · A.· ·(Witness complies.) | | | | 17· · · · Q.· ·Starting on line 21. | | | | 18· · · · · · ·And Mr. Heaslop was the captain of the | | | | 19· ·ship, correct? | | | | 20· · · · A.· ·Yes. | | | | 21· · · · Q.· ·Do you see on line 21, the witness says, | | | | 22· ·with regard to Mr. Kwok: | | | | 23· · · · · · · · · "He was on and off the yacht | | | | 24· · · · · · ·throughout the summer as usual.· Specific | | | | 25· · · · · · ·dates I couldn't tell you." | | | | | |

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Page 102 ·1· · · · · · · · · · · · · M. Guo ·2· · · · · · ·Actually, let me strike that.· Let's go to ·3· ·line 17 so we have context. ·4· · · · · · · · · "THE COURT:· Prior to October 2020, ·5· · · · · · ·when was the last time you recall Mr. Kwok ·6· · · · · · ·being on the yacht?" ·7· · · · · · · · · "THE WITNESS:· Prior to ·8· · · · · · ·October 2020?" ·9· · · · · · · · · "THE COURT:· Yes." 10· · · · · · · · · "THE WITNESS:· He was on and off the 11· · · · · · ·yacht throughout the summer as usual. 12· · · · · · ·Specific dates, I couldn't tell you 13· · · · · · ·retrospectively when they came and went." 14· · · · · · · · · "THE COURT:· Was he on the yacht for 15· · · · · · ·a significant part of the month of July?" 16· · · · · · · · · "THE WITNESS:· That was COVID.· Yes, 17· · · · · · ·he was." 18· · · · · · ·Do you have any reason to believe that 19· · · · Mr. Heaslop's testimony with regard to your -- 20· · · · how frequently your father was on the Lady May 21· · · · in the month of July 2020 is in any way 22· · · · inaccurate? 23· · · · · · ·MR. VARTAN:· Objection. 24· · · · A.· ·It's accurate. 25

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| Page 103<br>·1· · · · · · · · · · · · · M. Guo | |-----------------------------------------------------------| | ·2· ·BY MR. LUFT: | | ·3· · · · Q.· ·The Court goes on: | | ·4· · · · · · · · · "How about during the month of | | ·5· · · · · · ·August 2020?" | | ·6· · · · · · · · · "THE WITNESS:· Yes." | | ·7· · · · · · · · · "THE COURT:· How about during the | | ·8· · · · · · ·month of September 2020?" | | ·9· · · · · · · · · "THE WITNESS:· I believe so, yes." | | 10· · · · · · ·Again, asking whether your father was on | | 11· ·the Lady May for a significant portion of that | | 12· ·month. | | 13· · · · · · ·Do you have any reason to believe that | | 14· ·Mr. Heaslop's testimony with regard to the months of | | 15· ·August and September is inaccurate? | | 16· · · · · · ·MR. VARTAN:· Objection. | | 17· · · · A.· ·It's accurate. | | 18· ·BY MR. LUFT: | | 19· · · · Q.· ·If we go to line 13, the Court asks | | 20· ·Ms. Heaslop: | | 21· · · · · · · · · "As between Mr. Kwok and Ms. Guo, how | | 22· · · · · · ·would you compare the duration of the time | | 23· · · · · · ·each of them spent on the yacht during | | 24· · · · · · ·July, August, September 2020?" | | 25· · · · · · · · · "THE WITNESS:· During those months | | |

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Page 104 ·1· · · · · · · · · · · · · M. Guo ·2· · · · · · ·Mr. Kwok spent more time on the yacht than ·3· · · · · · ·Ms. Guo." ·4· · · · · · · · · "THE COURT:· A lot or little more ·5· · · · · · ·time?" ·6· · · · · · · · · "THE WITNESS:· It was a lot more ·7· · · · · · ·time." ·8· · · · · · ·Ms. Guo, do you have any reason to believe ·9· ·that Mr. Heaslop's testimony that I just read to you 10· ·was not truthful and accurate? 11· · · · · · ·MR. VARTAN:· Objection. 12· · · · A.· ·It's accurate. 13· ·BY MR. LUFT: 14· · · · Q.· ·Turn to page 89.· If you look at lines 10 15· ·through 14: 16· · · · · · · · · "Question:· Paragraph 17 of your 17· · · · · · ·affidavit says that you had a subsequent 18· · · · · · ·conversation with a representative of 19· · · · · · ·Hong Kong USA and confirmed that the yacht 20· · · · · · ·was no longer needed in New York.· That 21· · · · · · ·person wasn't Mei Guo, was it?" 22· · · · · · · · · "Answer:· No." 23· · · · · · ·Ms. Guo, is that accurate testimony that, 24· · · · in fact, you were not the person who told 25· · · · Captain Heaslop that the yacht was no longer

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| ·1· · · · · · · · · · · · · M. Guo | Page 105 | |-----------------------------------------------------------|----------| | ·2· · · · needed in New York? | | | ·3· · · · · · ·MR. VARTAN:· Objection. | | | ·4· · · · A.· ·It's true. | | | ·5· ·BY MR. LUFT: | | | ·6· · · · Q.· ·Okay.· If you turn to page 93, | | | ·7· ·Captain Heaslop was asked questions with regard to | | | ·8· ·when your father was aboard the Lady May. | | | ·9· · · · · · ·You can also look at line 2.· It says: | | | 10· · · · · · · · · "My question for you is:· When he was | | | 11· · · · · · ·aboard, he directed the movements of the | | | 12· · · · · · ·yacht, right?· I don't mean he piloted it, | | | 13· · · · · · ·but he told you where he wanted to go?" | | | 14· · · · · · · · · "Answer:· Yeah." | | | 15· · · · · · ·Do you see that testimony? | | | 16· · · · A.· ·Yes, I see it. | | | 17· · · · Q.· ·Do you have any reason to believe that | | | 18· ·testimony is not truthful and accurate? | | | 19· · · · · · ·MR. VARTAN:· Objection. | | | 20· · · · A.· ·No.· It's true. | | | 21· ·BY MR. LUFT: | | | 22· · · · Q.· ·Okay.· I'm going to ask you to turn to | | | 23· ·page 95. | | | 24· · · · · · ·If we look at page -- line 12, the Court | | | 25· ·asks: | | | | |

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Page 106 ·1· · · · · · · · M. Guo ·2· · · · "You did testify, sir" -- this is, ·3· ·again, Captain Heaslop -- "during July, ·4· ·August, September of 2020, Mr. Kwok was a ·5· ·frequent guest on the yacht, and ·6· ·presumably he told you where he wanted to ·7· ·go?" ·8· · · · "THE WITNESS:· That's right, ·9· ·Your Honor.· There's like local movements 10· ·in the northern area or the southern area 11· ·where the guests are using the boat. 12· ·There's direction about where they want to 13· ·go and what they want to do on any given 14· ·day. 15· · · · "What I meant -- what I was talking 16· ·about, about not having direction, was for 17· ·the repositioning of the yacht seasonally 18· ·between the northeast and southeast.· That 19· ·came from the office." 20· · · · "THE COURT:· I see.· So if Mr. Kwok 21· ·wanted to go to Nantucket, you would take 22· ·him there?" 23· · · · "THE WITNESS:· Absolutely, yeah." 24· · · · "THE COURT:· If he wanted to go to 25· ·Bar Harbor, Maine, you would take him to

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Page 107 ·1· · · · · · · · · · · · · M. Guo ·2· · · · · · ·Bar Harbor, Maine?" ·3· · · · · · · · · "THE WITNESS:· Yes." ·4· · · · · · ·Do you have any reason to believe that ·5· ·that testimony that Captain Heaslop gave in response ·6· ·to the Court's questions is in any way not truthful ·7· ·or inaccurate? ·8· · · · · · ·MR. VARTAN:· Objection.· Do you want to ·9· · · · ask her to read through line 6 of page 96? I 10· · · · just wanted to note that for my own note. 11· · · · · · ·MR. LUFT:· You have a transcript.· You can 12· · · · read. 13· ·BY MR. LUFT: 14· · · · Q.· ·Go ahead and answer, Ms. Guo. 15· · · · · · ·MR. VARTAN:· Just asking a simple 16· · · · question. 17· · · · A.· ·Yes. 18· · · · · · ·MR. LUFT:· Why don't we take a break for 19· · · · lunch. 20· · · · · · ·MR. VARTAN:· Sure. 21· · · · · · ·THE VIDEOGRAPHER:· It is 2:04 p.m.· We're 22· · · · going off the record. 23· · · · · · ·(At 2:04 p.m. a luncheon recess was 24· · · · taken.) 25· · · · · · ·(At 2:58 p.m. the deposition resumes.)

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| ·1· · · · · · · · · · · · · M. Guo | Page 108 | |-----------------------------------------------------------|----------| | ·2· ·************************************************ | | | ·3· · · · · · A F T E R N O O N· ·S E S S I O N | | | ·4· ·************************************************ | | | ·5· · · · · · ·THE VIDEOGRAPHER:· The time is 2:58 p.m. | | | ·6· · · · We are back on the record. | | | ·7· ·BY MR. LUFT: | | | ·8· · · · Q.· ·Ms. Guo, I asked you a question earlier | | | ·9· ·about Hong Kong International and whether it filed | | | 10· ·taxes. | | | 11· · · · · · ·I neglected to ask you:· Do you pay income | | | 12· ·taxes in this country? | | | 13· · · · · · ·MR. VARTAN:· Objection. | | | 14· · · · A.· ·Yes. | | | 15· ·BY MR. LUFT: | | | 16· · · · Q.· ·Did you declare any income last year? | | | 17· · · · · · ·MR. VARTAN:· Objection. | | | 18· · · · A.· ·Yes. | | | 19· ·BY MR. LUFT: | | | 20· · · · Q.· ·What was the source of that income? | | | 21· · · · · · ·MR. VARTAN:· Objection. | | | 22· · · · A.· ·Pangu CEO. | | | 23· ·BY MR. LUFT: | | | 24· · · · Q.· ·You told me that Pangu Plaza was seized a | | | 25· ·year ago. | | | | |

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| Page 109 | | |-----------------------------------------------------------|--| | ·1· · · · · · · · · · · · · M. Guo | | | ·2· · · · · · ·Do you continue to be paid as the Pangu | | | ·3· ·CEO after its seizure? | | | ·4· · · · A.· ·Yes. | | | ·5· · · · Q.· ·Do you have a copy of your tax returns | | | ·6· ·that you filed in this country? | | | ·7· · · · A.· ·I don't have them now. | | | ·8· · · · Q.· ·Who does? | | | ·9· · · · A.· ·At home.· It's in my home. | | | 10· · · · Q.· ·You have copies in your home? | | | 11· · · · A.· ·Yes. | | | 12· · · · Q.· ·Okay.· Since you acquired Hong Kong | | | 13· ·International in 2017, have you earned any income or | | | 14· ·revenue from it? | | | 15· · · · A.· ·No. | | | 16· · · · · · ·MR. LUFT:· We have not received copies of | | | 17· · · · Ms. Guo's taxes.· We have requested them.<br>I | | | 18· · · · will renew my request that you turn them over | | | 19· · · · to us. | | | 20· · · · · · ·MR. VARTAN:· Sure.· You can submit it in | | | 21· · · · writing.· We'll take it under advisement. | | | 22· · · · · · ·MR. LUFT:· I have already submitted it in | | | 23· · · · writing.· You have open requests for it.· I'll | | | 24· · · · ask you to please turn them over. | | | 25· · · · · · ·MR. VARTAN:· Well, I don't know if there | | | | |

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| | ·1· · · · · · · · · · · · · M. Guo | Page 110 | |----------------------|-----------------------------------------------------------|----------| | | ·2· · · · were objections made.· I presume that there | | | | ·3· · · · were.· But I'll certainly take a look. | | | | ·4· · · · · · ·THE WITNESS:· So I have a question.· What | | | | ·5· · · · does my personal income tax have to do with | | | ·6· · · · this case? | | | | | ·7· · · · · · ·MR. VARTAN:· You don't have to -- that's | | | | ·8· · · · my objection.· We'll make sure we lodge it. | | | | ·9· · · · · · ·THE WITNESS:· Okay. | | | 10· ·BY MR. LUFT: | | | | | 11· · · · Q.· ·Ms. Guo, your father founded Hong Kong | | | | 12· ·International in 2006, correct? | | | | 13· · · · A.· ·I don't remember. | | | | 14· · · · Q.· ·And your father owned and controlled | | | | 15· ·Hong Kong International until October 2014, correct? | | | | 16· · · · A.· ·I don't remember. | | | | 17· · · · Q.· ·And your father transferred Hong Kong | | | | 18· ·International to Ms. Qu in October 2014, correct? | | | | 19· · · · A.· ·I don't remember. | | | | 20· · · · Q.· ·You gave testimony stating -- strike that. | | | | 21· · · · · · ·At the time you came to this country in | | | | 22· ·2017, Ms. Qu was the sole member of Hong Kong | | | | 23· ·International, correct? | | | | 24· · · · A.· ·That's correct. | | | | 25· · · · Q.· ·Do you know if, at any time after your | | | | | |

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| | ·1· · · · · · · · · · · · · M. Guo | Page 111 | |-----------------------|-----------------------------------------------------------|----------| | | ·2· ·father transferred Hong Kong International to Ms. Qu | | | | ·3· ·in October 2014 and the time you came to the | | | | ·4· ·United States, anyone other than Ms. Qu was a member | | | | ·5· ·of Hong Kong International? | | | | ·6· · · · A.· ·I don't know. | | | | ·7· · · · Q.· ·Are you aware if Ms. Qu entered into any | | | | ·8· ·agreements with anyone regarding control of | | | | ·9· ·Hong Kong International between October 2014 and the | | | | 10· ·time she transferred you the company in 2017? | | | | 11· · · · A.· ·I don't know. | | | | 12· · · · Q.· ·How did you meet -- when did you first | | | 13· ·meet Ms. Qu? | | | | | 14· · · · A.· ·I don't remember. | | | | 15· · · · Q.· ·What's your best recollection of when you | | | | 16· ·first recall knowing Ms. Qu? | | | | 17· · · · A.· ·When I was in China. | | | | 18· · · · Q.· ·Can you be any more specific? | | | | 19· · · · · · ·Were you a young girl at the time, | | | 20· ·teenager, adult? | | | | | 21· · · · A.· ·I was an adult. | | | | 22· · · · Q.· ·And how did you come to know Ms. Qu? | | | | 23· · · · A.· ·She works with my brother. | | | | 24· · · · Q.· ·When did she work with your brother? | | | | 25· · · · A.· ·I don't know. | | | | | |

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| | Page 112 | |---------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | ·5· ·brother? | | | | | | | | | | | | | | | | | | 11· ·in? | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 25· ·2014? | | | | ·1· · · · · · · · · · · · · M. Guo<br>·2· · · · Q.· ·Where did she work with your brother?<br>·3· · · · A.· ·I don't know.<br>·4· · · · Q.· ·In what country did she work with your<br>·6· · · · A.· ·I don't know that, about that either.<br>·7· · · · Q.· ·Did you ever see your brother and Ms. Qu<br>·8· ·at work together?<br>·9· · · · A.· ·I don't remember.<br>10· · · · Q.· ·What business was Ms. Qu and your brother<br>12· · · · A.· ·I don't know.<br>13· · · · Q.· ·Did your brother introduce you to Ms. Qu?<br>14· · · · A.· ·I don't remember.<br>15· · · · Q.· ·Where did you meet Ms. Qu?<br>16· · · · · · ·MR. VARTAN:· Objection, asked and<br>17· · · · answered.<br>18· · · · A.· ·In China.<br>19· ·BY MR. LUFT:<br>20· · · · Q.· ·Where in China?<br>21· · · · A.· ·Beijing.<br>22· · · · Q.· ·Where in Beijing?<br>23· · · · A.· ·I don't remember.<br>24· · · · Q.· ·Do you recall if you met Ms. Qu prior to |

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| | ·1· · · · · · · · · · · · · M. Guo | Page 113 | |----|----------------------------------------------------------|----------| | | ·2· · · · A.· ·Before 2014, I don't remember. | | | | ·3· · · · Q.· ·Are you aware that Ms. Qu was your | | | | ·4· ·father's executive assistant? | | | | ·5· · · · A.· ·I don't know. | | | | ·6· · · · Q.· ·Are you aware that Ms. Qu was your | | | | ·7· ·father's account manager? | | | | ·8· · · · A.· ·No.· I don't know.· No, I don't know. | | | | ·9· · · · Q.· ·You state in your affidavit that: | | | | 10· · · · · · · · · "I understand that Ms. Qu was a | | | | 11· · · · · · ·trusted business partner of my brother's | | | | 12· · · · · · ·as well as my uncles and cousins." | | | | 13· · · · · · ·What is that understanding based on? | | | | 14· · · · · · ·MR. VARTAN:· Which paragraph are you | | | | 15· · · · reading? | | | | 16· · · · · · ·MR. LUFT:· Paragraph 8. | | | | 17· · · · · · ·MR. VARTAN:· Thank you. | | | | 18· · · · · · ·MS. SONG:· Ms. Interpreter, I don't think | | | | 19· · · · you finished translating the entire question. | | | | 20· · · · · · ·THE INTERPRETER:· I thought I finished. | | | | 21· · · · Which part did I miss? | | | | 22· · · · · · ·MS. SONG:· "I'll be honest, what's the | | | | 23· · · · basis of that understanding." | | | | 24· · · · A.· ·My brother told me. | | | 25 | | | | | | |

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| | | ·1· · · · · · · · · · · · · M. Guo | Page 114 | | |----|----------------------------------------------------------|-----------------------------------------------------------|----------|--| | | ·2· ·BY MR. LUFT: | | | | | | | ·3· · · · Q.· ·What did he tell you? | | | | | | ·4· · · · A.· ·I don't remember. | | | | | | ·5· · · · Q.· ·When did he tell you this? | | | | | | ·6· · · · A.· ·So I think it was before Ms. Qu came to | | | | | ·7· ·the US. | | | | | | | ·8· · · · Q.· ·When was that? | | | | | ·9· · · · A.· ·2017. | | | | | | | 10· · · · Q.· ·Why did your brother say this to you? | | | | | | 11· · · · · · ·MR. VARTAN:· Objection. | | | | | | 12· · · · A.· ·I don't remember. | | | | | 13· ·BY MR. LUFT: | | | | | | | 14· · · · Q.· ·So you have no personal knowledge of | | | | | | 15· ·whether Ms. Qu is a trusted business partner of your | | | | | 16· ·brother's, as well as your uncles and cousins, only | | | | | | | 17· ·what your brother told you, correct? | | | | | | 18· · · · · · ·MR. VARTAN:· Objection. | | | | | | 19· · · · A.· ·That's correct. | | | | | 20· ·BY MR. LUFT: | | | | | | | 21· · · · Q.· ·Who drafted your declaration for you that | | | | | | 22· ·has been marked Exhibit 1? | | | | | | 23· · · · · · ·MR. VARTAN:· Objection. | | | | | | 24· · · · A.· ·That's this one, right? | | | | 25 | | | | | | | | | | |

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| ·1· · · · · · · · · · · · · M. Guo | Page 115 | |-----------------------------------------------------------|----------| | ·2· ·BY MR. LUFT: | | | ·3· · · · Q.· ·Yes, ma'am. | | | ·4· · · · A.· ·My counsel. | | | ·5· · · · Q.· ·Which counsel? | | | ·6· · · · A.· ·Lee. | | | ·7· · · · Q.· ·Okay.· When you say "my uncles and my | | | ·8· ·cousins," which uncles and cousins are you referring | | | ·9· ·to? | | | 10· · · · · · ·This is in paragraph 8 of your affidavit | | | 11· ·declaration. | | | 12· · · · A.· ·So that would be referring to whom I | | | 13· ·mentioned previously, the fourth, fifth, and sixth | | | 14· ·older brothers of my dad. | | | 15· · · · Q.· ·Do you know any business dealings that | | | 16· ·Ms. Qu entered into with those uncles? | | | 17· · · · A.· ·I don't know. | | | 18· · · · · · ·THE INTERPRETER:· Counsel, did you say | | | 19· · · · Ms. Guo or Mr. Guo or who? | | | 20· · · · · · ·MR. LUFT:· Ms. Qu. | | | 21· · · · · · ·THE INTERPRETER:· Oh.· Correction of the | | | 22· · · · interpreter's interpretation just now. | | | 23· · · · A.· ·I don't know. | | | 24· ·BY MR. LUFT: | | | 25· · · · Q.· ·Do you know -- strike that. | | | | |

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| Page 116<br>·1· · · · · · · · · · · · · M. Guo | |-----------------------------------------------------------| | ·2· · · · · · ·+ And do you know which cousins Ms. Qu was | | ·3· ·purported to be a trusted business partner of? | | ·4· · · · A.· ·So that would be the same answer as I gave | | ·5· ·this morning.· I don't want to reveal their names | | ·6· ·here. | | ·7· · · · · · ·MR. LUFT:· I'll ask that you -- again, I | | ·8· · · · want to hold open if you're going to -- are you | | ·9· · · · going to instruct her not to answer? | | 10· · · · · · ·MR. VARTAN:· Yes. | | 11· · · · · · ·MR. LUFT:· Okay.· Hold that open. | | 12· ·BY MR. LUFT: | | 13· · · · Q.· ·Do you know of any business deals that | | 14· ·Ms. Qu did with any of your cousins? | | 15· · · · A.· ·I don't know. | | 16· · · · Q.· ·How old is Ms. Qu, approximately? | | 17· · · · A.· ·Over 30. | | 18· · · · Q.· ·A lot over 30 or a little over 30? | | 19· · · · A.· ·I think close to 40.· A lot over 30.· She | | 20· ·should be older than me. | | 21· · · · Q.· ·Okay.· In 2014 -- well, do you recall what | | 22· ·year your brother graduated college? | | 23· · · · A.· ·I don't remember. | | 24· · · · Q.· ·You agree that in 2016, your brother was | | 25· ·approximately 26 years old? | | |

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| ·1· · · · · · · · · · · · · M. Guo | Page 117 | |----------------------------------------------------------|----------| | ·2· · · · A.· ·I don't think so. | | | ·3· · · · Q.· ·How old do you think he was in 2016? | | | ·4· · · · A.· ·I think he was 30. | | | ·5· · · · Q.· ·When was your brother born? | | | ·6· · · · A.· ·My God.· '86 or '87.· I'm not quite sure. | | | ·7· · · · Q.· ·Okay.· The Lady May was purchased by | | | ·8· ·Hong Kong International, correct? | | | ·9· · · · A.· ·Yes. | | | 10· · · · Q.· ·And that was in -- | | | 11· · · · · · ·THE INTERPRETER:· Purchased? | | | 12· · · · · · ·Counsel, you said "purchased," right? | | | 13· · · · · · ·MR. LUFT:· Yes. | | | 14· · · · A.· ·Yes. | | | 15· ·BY MR. LUFT: | | | 16· · · · Q.· ·That was in February 2015, correct? | | | 17· · · · A.· ·Yes. | | | 18· · · · Q.· ·And at that time Hong Kong International | | | 19· ·had been transferred to Ms. Qu by your father, | | | 20· ·correct? | | | 21· · · · A.· ·2015, right. | | | 22· · · · Q.· ·In February of 2015, when they purchased | | | 23· ·the Lady May, correct? | | | 24· · · · A.· ·Yes. | | | 25· · · · Q.· ·And Hong Kong International was | | | | |

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Page 118 ·1· · · · · · · · · · · · · M. Guo ·2· ·transferred. ·3· · · · · · ·Ms. Qu, are you aware, paid no money to ·4· ·your father for Hong Kong International? ·5· · · · A.· ·I don't know. ·6· · · · Q.· ·Do you know how much it cost to purchase ·7· ·the Lady May? ·8· · · · A.· ·Over 20 million euros. ·9· · · · Q.· ·And the money to pay for Hong Kong 10· ·International's purchase of Lady May did not come 11· ·from Ms. Qu, correct? 12· · · · A.· ·Correct. 13· · · · Q.· ·Do you know where the funds Hong Kong 14· ·International used to purchase the Lady May came 15· ·from? 16· · · · A.· ·I don't know. 17· · · · Q.· ·You state in paragraph 9 of your 18· ·affidavit, which is Exhibit 1: 19· · · · · · · · · "From the time of its purchase, the 20· · · · · · ·Lady May was always intended to be my boat 21· · · · · · ·given my love of the ocean.· Indeed, it 22· · · · · · ·bears my name." 23· · · · · · ·Do you see where you put that in your 24· ·affidavit? 25· · · · A.· ·Yes.

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| Page 119<br>·1· · · · · · · · · · · · · M. Guo | |-----------------------------------------------------------| | ·2· · · · Q.· ·Now, when the Lady May was purchased by | | ·3· ·Hong Kong International, Hong Kong International was | | ·4· ·in the name of Ms. Qu, not any of your family | | ·5· ·members, correct? | | ·6· · · · A.· ·Yes. | | ·7· · · · Q.· ·Did Ms. Qu ever tell you why she had | | ·8· ·Hong Kong International purchase the Lady May in | | ·9· ·February 2015? | | 10· · · · A.· ·No. | | 11· · · · Q.· ·So when you say "The Lady May was always | | 12· ·intended to be my boat," you don't have any personal | | 13· ·knowledge as to what Hong Kong International's | | 14· ·intention was when it purchased the Lady May, | | 15· ·correct? | | 16· · · · · · ·MR. VARTAN:· Objection. | | 17· · · · A.· ·I knew the intention for the purchase of | | 18· ·Lady May. | | 19· ·BY MR. LUFT: | | 20· · · · Q.· ·If Ms. Qu never told you why Hong Kong | | 21· ·International purchased the Lady May, who at | | 22· ·Hong Kong International told you why it purchased | | 23· ·the Lady May? | | 24· · · · A.· ·My brother told me. | | 25· · · · Q.· ·Your brother has no role at Hong Kong |

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| Page 120<br>·1· · · · · · · · · · · · · M. Guo | |-----------------------------------------------------------| | ·2· ·International, correct? | | ·3· · · · A.· ·Correct. | | ·4· · · · Q.· ·And your brother wasn't the person who | | ·5· ·purchased the Lady May, correct? | | ·6· · · · A.· ·That's not correct.· He was the person who | | ·7· ·purchased it. | | ·8· · · · Q.· ·Are you saying that Hong Kong | | ·9· ·International didn't purchase the Lady May, but | | 10· ·rather your brother did? | | 11· · · · · · ·MR. VARTAN:· Objection, misstates | | 12· · · · testimony. | | 13· · · · A.· ·Who and how -- who bought Lady May and | | 14· ·how, I didn't know the specifics.· All I knew is | | 15· ·that my brother bought the yacht as a present for | | 16· ·me. | | 17· ·BY MR. LUFT: | | 18· · · · Q.· ·But your brother wasn't the person who | | 19· ·purchased the Lady May, was he? | | 20· · · · · · ·MR. VARTAN:· Objection, misstates the | | 21· · · · testimony. | | 22· · · · A.· ·I don't understand your question. | | 23· ·BY MR. LUFT: | | 24· · · · Q.· ·You've testified that Hong Kong | | 25· ·International purchased the Lady May in | | |

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Page 121 ·1· · · · · · · · · · · · · M. Guo ·2· ·February 2015, correct? ·3· · · · A.· ·My understanding is that this company owns ·4· ·the boat. ·5· · · · Q.· ·Hong Kong International owned the boat in ·6· ·February 2015, correct? ·7· · · · A.· ·Yes. ·8· · · · Q.· ·In fact, your brother was not involved in ·9· ·any transfers of the Lady May before the Lady May 10· ·was transferred to you in June of 2017, correct? 11· · · · · · ·MR. VARTAN:· Objection. 12· · · · A.· ·I don't know. 13· ·BY MR. LUFT: 14· · · · Q.· ·Well, if you open up the transcript from 15· ·the hearing to page 47, which is Exhibit 2. 16· · · · A.· ·Forty-seven?· Page 47, right? 17· · · · Q.· ·Page 47.· We'll start on page 46, line 22. 18· ·You state: 19· · · · · · · · · "Your Honor, it is from Hong Kong 20· · · · · · ·International to Ms. Qu, then it was 21· · · · · · ·transferred to me.· It has never been 22· · · · · · ·transferred to my brother." 23· · · · · · · · · "THE COURT:· So you received the boat 24· · · · · · ·from Ms. Qu after she received the boat 25· · · · · · ·from Hong Kong International, correct?"

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| ·1· · · · · · · · · · · · · M. Guo | Page 122 | |-----------------------------------------------------------|----------| | ·2· · · · · · · · · "THE WITNESS:· Yes, Your Honor." | | | ·3· · · · · · · · · "THE COURT:· Your brother was not | | | ·4· · · · · · ·involved in any of the transfers before | | | ·5· · · · · · ·you acquired the boat, according to your | | | ·6· · · · · · ·testimony?" | | | ·7· · · · · · · · · "THE WITNESS:· Correct." | | | ·8· · · · · · ·Was that truthful and accurate testimony | | | ·9· ·that you gave to the Court? | | | 10· · · · · · ·MR. VARTAN:· And I'm just going to | | | 11· · · · interpose an objection, just an objection. | | | 12· · · · A.· ·That's correct. | | | 13· ·BY MR. LUFT: | | | 14· · · · Q.· ·That was truthful and accurate testimony | | | 15· ·that you gave, correct? | | | 16· · · · · · ·MR. VARTAN:· Again, objection.· I think | | | 17· · · · there's confusion between transferring and | | | 18· · · · purchase, but -- | | | 19· · · · · · ·MR. LUFT:· Sir, I'm reading the transcript | | | 20· · · · and saying is it truthful and accurate.· Please | | | 21· · · · don't introduce new words.· We are really | | | 22· · · · getting -- this is becoming a huge problem | | | 23· · · · here. | | | 24· · · · · · ·MR. VARTAN:· I've been mostly quiet. | | | | |

25· · · · You're talking about purchase and transfer.

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Page 123 ·1· · · · · · · · · · · · · M. Guo ·2· · · · You're talking about -- ·3· · · · · · ·MR. LUFT:· Mr. Vartan, I read a piece of ·4· · · · testimony and I asked if it was truthful and ·5· · · · accurate.· She read the same thing. ·6· · · · · · ·I didn't say the word "purchased."· I read ·7· · · · it directly here.· It says "transfer."· It's a ·8· · · · question that a Court asked her and she gave an ·9· · · · answer to. 10· · · · · · ·Please stop trying to interfere with this 11· · · · testimony. 12· · · · · · ·MR. VARTAN:· I am not. 13· · · · · · ·MR. LUFT:· You are, and it's completely 14· · · · improper. 15· · · · · · ·MR. VARTAN:· You're saying the lead-in 16· · · · questions to this were all about purchasing. 17· · · · · · ·MR. LUFT:· Oh, my gosh.· Mr. Vartan -- 18· · · · A.· ·I can't remember what is the question. 19· · · · · · ·MR. LUFT:· Yeah, I had a feeling that's 20· · · · where we were going to end up. 21· ·BY MR. LUFT: 22· · · · Q.· ·Okay, Ms. Guo.· Going back to the 23· ·testimony you gave in response to the Court's 24· ·question that I highlighted for you between -- on 25· ·page 46, line 16, through page 47, line 7, that was

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| ·1· · · · · · · · · · · · · M. Guo | Page 124 | |----------------------------------------------------------|----------| | ·2· ·truthful and accurate testimony, correct? | | | ·3· · · · A.· ·Yes. | | | ·4· · · · Q.· ·In February 2015, where were you located, | | | ·5· ·Ms. Guo? | | | ·6· · · · A.· ·Beijing, China. | | | ·7· · · · Q.· ·What were you doing there? | | | ·8· · · · A.· ·I was persecuted by the Chinese Communist | | | ·9· ·Party. | | | 10· · · · Q.· ·Where was your brother located at the | | | 11· ·time? | | | 12· · · · A.· ·I don't remember. | | | 13· · · · Q.· ·He was in the UK, wasn't he? | | | 14· · · · A.· ·I don't remember. | | | 15· · · · Q.· ·Was he in China? | | | 16· · · · A.· ·No. | | | 17· · · · Q.· ·Was he in Hong Kong? | | | 18· · · · A.· ·I don't remember. | | | 19· · · · Q.· ·Why didn't the brother have the boat | | | 20· ·transferred to himself if he was the purchaser in | | | 21· ·February 2015? | | | 22· · · · A.· ·Because the boat was purchased for me. | | | 23· ·Because under the general circumstances at that | | | 24· ·time, myself and all of my family members were | | | 25· ·persecuted by the Chinese Communist Party. | |

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| ·1· · · · · · · · · · · · · M. Guo | Page 125 | |----------------------------------------------------------|----------| | ·2· ·Everything we had was frozen.· So it's impossible | | | ·3· ·that it would be placed under his name. | | | ·4· · · · Q.· ·But he wasn't in China, was he? | | | ·5· · · · A.· ·That's right.· But the Chinese Communist | | | ·6· ·Party would not only set eyes on things we owned in | | | ·7· ·China. | | | ·8· · · · Q.· ·Ms. Qu was in Hong Kong, wasn't she? | | | ·9· · · · A.· ·When? | | | 10· · · · Q.· ·In February 2015. | | | 11· · · · A.· ·I don't know. | | | 12· · · · Q.· ·The Lady May has never been in your | | | 13· ·brother's name, correct? | | | 14· · · · A.· ·That's correct. | | | 15· · · · Q.· ·And your brother has never held legal | | | 16· ·title to the Lady May? | | | 17· · · · A.· ·That's correct. | | | 18· · · · Q.· ·And there's no legal document indicating | | | 19· ·that your brother ever held any ownership interest | | | 20· ·in the Lady May, correct? | | | 21· · · · A.· ·I don't know. | | | 22· · · · Q.· ·And your brother never transferred the | | | 23· ·Lady May to you, did he? | | | 24· · · · A.· ·Correct. | | | 25· · · · Q.· ·And Ms. Qu never told you why Hong Kong | | | | |

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| Page 126<br>·1· · · · · · · · · · · · · M. Guo | |-----------------------------------------------------------| | ·2· ·International purchased the Lady May, did she? | | ·3· · · · · · ·MR. VARTAN:· Objection. | | ·4· · · · A.· ·Never. | | ·5· ·BY MR. LUFT: | | ·6· · · · Q.· ·When was the yacht which we refer to as | | ·7· ·the Lady May named? | | ·8· · · · A.· ·From the very beginning, when there was an | | ·9· ·intention to buy this boat, my brother was going to | | 10· ·name it Lady May. | | 11· · · · Q.· ·Do you know who actually named the boat? | | 12· · · · A.· ·I just mentioned it's my brother. | | 13· · · · Q.· ·In fact, your father named it the | | 14· ·Lady May, didn't he? | | 15· · · · A.· ·No.· It's my brother. | | 16· · · · Q.· ·How do you know that? | | 17· · · · A.· ·He told me himself. | | 18· · · · Q.· ·When did he tell you that? | | 19· · · · A.· ·During the first phone call I received | | 20· ·after I was released by the Chinese Communist Party | | 21· ·in January 2015. | | 22· · · · Q.· ·So he told you this before anyone ever | | 23· ·purchased the Lady May? | | 24· · · · · · ·MR. VARTAN:· Objection. | | 25· · · · A.· ·He told me that he would purchase -- | | |

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| | ·1· · · · · · · · · · · · · M. Guo | Page 127 | |--------------------------|-----------------------------------------------------------|----------| | | ·2· ·purchase a boat as a present for me and also give it | | | ·3· ·my name. | | | | ·4· ·BY MR. LUFT: | | | | | ·5· · · · Q.· ·Where did he get the money to purchase you | | | | ·6· ·a boat in his twenties? | | | | ·7· · · · · · ·MR. VARTAN:· Objection. | | | | ·8· · · · A.· ·I don't know. | | | ·9· ·BY MR. LUFT: | | | | | 10· · · · Q.· ·Now, you state that the Lady May was | | | | 11· ·transferred to you on June 27, 2017, when you were | | | | 12· ·in the United States, correct? | | | | 13· · · · A.· ·Yes, it was June, but whether it was on | | | | 14· ·the 27th, I don't know. | | | | 15· · · · Q.· ·How did that transfer occur?· Who reached | | | 16· ·out to whom? | | | | | 17· · · · A.· ·I don't remember. | | | | 18· · · · Q.· ·Who told you that you were going to be | | | | 19· ·transferred, from Hong Kong International, the | | | 20· ·Lady May? | | | | | 21· · · · A.· ·I don't remember. | | | | 22· · · · Q.· ·Where did the transaction take place? | | | 23· · · · A.· ·New York. | | | | | 24· · · · Q.· ·Where in New York? | | | | 25· · · · A.· ·I don't remember. | | | | | |

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Page 128 ·1· · · · · · · · · · · · · M. Guo ·2· · · · Q.· ·Who was there? ·3· · · · A.· ·There was Ms. Qu.· I don't remember about ·4· ·other people. ·5· · · · Q.· ·You don't recall anyone else being there ·6· ·besides Ms. Qu? ·7· · · · A.· ·No, I don't recall, not that there is no ·8· ·others. ·9· · · · Q.· ·Were you advised by counsel on the 10· ·transaction? 11· · · · A.· ·I think probably, but I don't remember. 12· · · · Q.· ·Who was your lawyer? 13· · · · A.· ·I don't remember. 14· · · · · · ·MR. LUFT:· I'm going to ask the court 15· · · · reporter to mark Mei Guo Deposition Exhibit 3, 16· · · · a document Bates-stamped HKI-14 through 20. 17· · · · · · ·(Mei Guo Exhibit 3 was received and marked 18· · · · for identification, as of this date.) 19· · · · · · ·MR. ROMNEY:· Do you have an additional 20· · · · copy?· No big deal if you don't. 21· ·BY MR. LUFT: 22· · · · Q.· ·Ms. Guo, do you recognize this document? 23· · · · A.· ·I've seen it before. 24· · · · Q.· ·What is it? 25· · · · A.· ·What this is, isn't it written on it? I

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| Page 129<br>·1· · · · · · · · · · · · · M. Guo | |-----------------------------------------------------------| | ·2· ·think it's Lady May's Certificate of Registry. | | ·3· · · · Q.· ·Do you see on HKI-18 it indicates that the | | ·4· ·transferee is Mei Guo? | | ·5· · · · A.· ·Yes, I see it. | | ·6· · · · Q.· ·And your address there is listed as | | ·7· ·Majestic View Manor, 20 South Bay Road, Hong Kong, | | ·8· ·correct? | | ·9· · · · A.· ·Where is it? | | 10· · · · Q.· ·Right at the top, under "Address." | | 11· · · · A.· ·Yes, I see it. | | 12· · · · Q.· ·Earlier I asked you about that address. | | 13· · · · · · ·Does this refresh your recollection that, | | 14· ·in fact, you have resided at 20 South Bay Road, | | 15· ·Hong Kong? | | 16· · · · A.· ·I recall this address now, but I've never | | 17· ·resided there. | | 18· · · · Q.· ·Why did you list it as your address on | | 19· ·these official documents relating to the sale of the | | 20· ·Lady May and Hong Kong International? | | 21· · · · · · ·MR. VARTAN:· Objection. | | 22· · · · A.· ·Because this address is our home address | | 23· ·in Hong Kong. | | 24· ·BY MR. LUFT: | | 25· · · · Q.· ·Meaning it's your father's address in | | |

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Page 130 ·1· · · · · · · · · · · · · M. Guo ·2· ·Hong Kong? ·3· · · · A.· ·No.· It's the home address of our entire ·4· ·family. ·5· · · · Q.· ·One hundred people live at this address? ·6· · · · · · ·MR. VARTAN:· Objection. ·7· · · · A.· ·It's not likely that 100 people would go ·8· ·to Hong Kong at the same time.· But even if we did, ·9· ·there would be enough room. 10· ·BY MR. LUFT: 11· · · · Q.· ·Is it your sworn testimony that this is 12· ·not the address that your father lived in in 13· ·Hong Kong? 14· · · · · · ·MR. VARTAN:· Objection.· Asked and 15· · · · answered. 16· · · · A.· ·I didn't say that.· I don't know. 17· ·BY MR. LUFT: 18· · · · Q.· ·All the stamps on this document have a 19· ·date of June 17 -- June 27, 2017. 20· · · · · · ·Do you see that, the circular stamps? 21· · · · A.· ·I see that. 22· · · · Q.· ·And there are stamps from Hong Kong, 23· ·correct? 24· · · · A.· ·I don't know. 25· · · · Q.· ·If you look at the circular stamps,

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| Page 131<br>·1· · · · · · · · · · · · · M. Guo | |-----------------------------------------------------------| | ·2· ·there's a stamp "Duty, Hong Kong, 27.6.17." | | ·3· · · · · · ·Do you see that? | | ·4· · · · A.· ·Yes, I see it. | | ·5· · · · Q.· ·You've seen this.· Do you think maybe this | | ·6· ·transaction was done in Hong Kong? | | ·7· · · · · · ·MR. VARTAN:· Objection. | | ·8· · · · A.· ·It's not possible.· I'm 100 percent sure | | ·9· ·that it's in the US. | | 10· ·BY MR. LUFT: | | 11· · · · Q.· ·Do you know why there are Hong Kong stamps | | 12· ·on these documents? | | 13· · · · · · ·MR. VARTAN:· Objection. | | 14· · · · A.· ·I don't know. | | 15· ·BY MR. LUFT: | | 16· · · · Q.· ·How much did you pay Ms. Qu for Hong Kong | | 17· ·International and its asset, the Lady May? | | 18· · · · A.· ·I don't remember. | | 19· · · · Q.· ·If you look at the document, it says | | 20· ·"1 Hong Kong dollar." | | 21· · · · · · ·Does that refresh your recollection? | | 22· · · · A.· ·Yes.· I remember. | | 23· · · · Q.· ·Do you know when your father directed | | 24· ·Ms. Qu to transfer the Lady May to you? | | 25· · · · · · ·MR. VARTAN:· Objection, misstates the | | |

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| Page 132<br>·1· · · · · · · · · · · · · M. Guo | | |-----------------------------------------------------------|--| | ·2· · · · testimony. | | | ·3· · · · A.· ·My father didn't direct her. | | | ·4· ·BY MR. LUFT: | | | ·5· · · · Q.· ·Did Ms. Qu tell you that your father | | | ·6· ·didn't direct her to do this? | | | ·7· · · · · · ·MR. VARTAN:· Objection to form. | | | ·8· · · · A.· ·There's never been this conversation.· She | | | ·9· ·doesn't need to tell me.· That just didn't happen. | | | 10· ·BY MR. LUFT: | | | 11· · · · Q.· ·Ms. Guo, let's be very clear here. | | | 12· · · · · · ·Ms. Qu never told you that her father -- | | | 13· ·that your father did not make an arrangement with | | | 14· ·her to have the Lady May transferred to you, | | | 15· ·correct? | | | 16· · · · · · ·MR. VARTAN:· There are a lot of negatives | | | 17· · · · in that question.· Maybe you want to restate. | | | 18· · · · · · ·MR. LUFT:· Again, when I need your help, | | | 19· · · · I'll ask. | | | 20· · · · · · ·MR. VARTAN:· The question is wholly | | | 21· · · · unclear.· I'm reading it. | | | 22· · · · · · ·MR. LUFT:· Mr. Vartan, you must be an | | | 23· · · · amazing lawyer.· And I look forward to your | | | 24· · · · depositions.· Until that time, I'm going to ask | | | 25· · · · my questions, and then when you have your turn, | |

| ·1· · · · · · · · · · · · · M. Guo | Page 133 | |-----------------------------------------------------------|----------| | ·2· · · · you'll ask yours. | | | ·3· · · · · · ·MR. VARTAN:· You can answer the question | | | ·4· · · · if you understand. | | | ·5· · · · A.· ·I don't quite understand this question. | | | ·6· ·It's not only that she didn't tell me that my dad | | | ·7· ·didn't make the arrangement; neither did she tell me | | | ·8· ·that my mother didn't make the arrangement. | | | ·9· · · · · · ·I don't know why my dad is coming out of | | | 10· ·this conversation. | | | 11· ·BY MR. LUFT: | | | 12· · · · Q.· ·Ms. Guo, you're aware that the New York | | | 13· ·State Supreme Court found your dad to be the | | | 14· ·beneficial owner of the Lady May, correct? | | | 15· · · · · · ·MR. VARTAN:· Objection. | | | 16· · · · A.· ·I don't know. | | | 17· ·BY MR. LUFT: | | | 18· · · · Q.· ·You don't know that the State Supreme | | | 19· ·Court came down with a ruling that your father is | | | 20· ·the beneficial owner and has control of the | | | 21· ·Lady May? | | | 22· · · · · · ·MR. VARTAN:· Objection. | | | 23· ·BY MR. LUFT: | | | 24· · · · Q.· ·That's your testimony? | | | 25· · · · A.· ·I don't recall that I'm aware of that. | |

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| | ·1· · · · · · · · · · · · · M. Guo | Page 134 | |-------------------------|-----------------------------------------------------------|----------| | | ·2· · · · Q.· ·Do you recall that the testimony we've | | | | ·3· ·been looking at is from a hearing specifically to | | | | ·4· ·determine who has beneficial ownership and control | | | ·5· ·of the Lady May? | | | | | ·6· · · · · · ·MR. VARTAN:· Same objection. | | | | ·7· · · · A.· ·Yes, I remember. | | | | ·8· · · · · · ·THE INTERPRETER:· The witness was just | | | | ·9· · · · explaining to the interpreter that she was | | | | 10· · · · answering the question. | | | 11· ·BY MR. LUFT: | | | | | 12· · · · Q.· ·And do you recall learning what the | | | | 13· ·outcome of that hearing was? | | | | 14· · · · A.· ·I don't remember. | | | | 15· · · · Q.· ·Are you familiar with the entity Hong Kong | | | 16· ·International USA? | | | | | 17· · · · A.· ·Yes, I'm familiar with it. | | | | 18· · · · Q.· ·That's an entity that was formed on | | | | 19· ·April 17, 2020, correct? | | | | 20· · · · A.· ·It's 2020, but I don't remember the exact | | | 21· ·time. | | | | | 22· · · · Q.· ·Do you want to look at your declaration, | | | | 23· ·paragraph 11, and tell me if it says April 17, 2020? | | | | 24· · · · A.· ·Which paragraph? | | | | 25· · · · Q.· ·It's paragraph 11, helps you refresh your | |

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| ·1· · · · · · · · · · · · · M. Guo | Page 135 | |-----------------------------------------------------------|----------| | ·2· ·recollection. | | | ·3· · · · A.· ·Yes, I see it. | | | ·4· · · · Q.· ·So from June 27, 2017, when Ms. Qu | | | ·5· ·transferred you Hong Kong International and the | | | ·6· ·Lady May, until April 17, 2020, Lady May was legally | | | ·7· ·owned by Hong Kong International, correct? | | | ·8· · · · A.· ·Yes. | | | ·9· · · · Q.· ·Who formed Hong Kong International USA? | | | 10· · · · A.· ·Myself. | | | 11· · · · Q.· ·When did you do that? | | | 12· · · · A.· ·I think it was early 2022.· I don't | | | 13· ·remember the exact time. | | | 14· · · · Q.· ·If I told you Hong Kong International USA | | | 15· ·corporate documents indicate it was formed in 2018, | | | 16· ·would that refresh your recollection about when it | | | 17· ·was formed? | | | 18· · · · A.· ·Can I see this document? | | | 19· · · · Q.· ·Do you disagree? | | | 20· · · · · · ·MR. VARTAN:· She asked for her memory to | | | 21· · · · be refreshed. | | | 22· · · · · · ·MS. SONG:· I have a point of | | | 23· · · · clarification.· I believe Ms. Guo said it was | | | 24· · · · from early 2020, but the interpreter said it | | | 25· · · · was early 2022. | | | | |

| Page 136<br>·1· · · · · · · · · · · · · M. Guo | |-----------------------------------------------------------| | ·2· · · · A.· ·I can't remember. | | ·3· · · · · · ·THE INTERPRETER:· I think I did say 2020. | | ·4· · · · Thank you. | | ·5· ·BY MR. LUFT: | | ·6· · · · Q.· ·Ms. Guo, you were not the sole shareholder | | ·7· ·of Hong Kong USA when it was formed either, were | | ·8· ·you? | | ·9· · · · A.· ·I was. | | 10· · · · Q.· ·In fact, you became the sole shareholder | | 11· ·of Hong Kong USA in April 2019; isn't that the | | 12· ·facts? | | 13· · · · · · ·MR. VARTAN:· I'm just objecting.· If | | 14· · · · there's a document you want to show her -- | | 15· · · · · · ·MR. LUFT:· Mr. Vartan, stop interrupting | | 16· · · · my examination.· I didn't ask her about a | | 17· · · · document.· If I want to show her one, I will. | | 18· · · · · · ·MR. VARTAN:· She asked you for a document. | | 19· · · · · · ·MR. LUFT:· That's not how it works. | | 20· · · · A.· ·I don't remember.· I'll have to see the | | 21· ·document. | | 22· ·BY MR. LUFT: | | 23· · · · Q.· ·In fact, Ms. Guo, sitting here today you | | 24· ·don't know anything about -- you don't recall | | 25· ·anything about the formation of Hong Kong USA, |

| ·1· · · · · · · · · · · · · M. Guo | Page 137 | | |-----------------------------------------------------------|----------|--| | ·2· ·correct? | | | | ·3· · · · · · ·MR. VARTAN:· Only misstates the testimony. | | | | ·4· · · · Objection. | | | | ·5· ·BY MR. LUFT: | | | | ·6· · · · Q.· ·Do you know when Hong Kong USA was formed? | | | | ·7· · · · · · ·MR. VARTAN:· Are you asking a different | | | | ·8· · · · question? | | | | ·9· · · · · · ·MR. LUFT:· Mr. Vartan, stop. | | | | 10· · · · · · ·MR. VARTAN:· There was a question pending. | | | | 11· · · · I'm just looking for a clean record. | | | | 12· · · · · · ·MR. LUFT:· Okay, Mr. Vartan.· I'll | | | | 13· · · · withdraw my question. | | | | 14· ·BY MR. LUFT: | | | | 15· · · · Q.· ·Ms. Guo, please tell me the date Hong Kong | | | | 16· ·USA was formed. | | | | 17· · · · A.· ·Let me think about it.· I really can't | | | | 18· ·remember. | | | | 19· · · · Q.· ·Ms. Guo, do you remember if you were the | | | | 20· ·sole shareholder when Hong Kong USA was formed? | | | | 21· · · · A.· ·I was. | | | | 22· · · · Q.· ·And if the corporate documents indicate | | | | 23· ·otherwise, how would you explain that? | | | | 24· · · · · · ·MR. VARTAN:· Objection. | | | | 25· · · · A.· ·Your question now is regarding | | |

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Page 138 ·1· · · · · · · · · · · · · M. Guo ·2· ·shareholder, right? ·3· ·BY MR. LUFT: ·4· · · · Q.· ·You becoming the sole shareholder of ·5· ·Hong Kong USA, correct. ·6· · · · A.· ·So my understanding of that is 100 percent ·7· ·ownership of the company, correct. ·8· · · · Q.· ·Just only person who holds the shares? ·9· · · · A.· ·The person who holds the shares. 10· · · · Q.· ·Let's just move on. 11· · · · · · ·Okay.· April 17, 2020, you changed the 12· ·Lady May from literally being owned by Hong Kong 13· ·International to Hong Kong International USA. 14· · · · · · ·What prompted you to make that change? 15· · · · A.· ·I just thought that in the US, this 16· ·company would be easier to manage.· So I added 17· ·"USA." 18· · · · Q.· ·In fact, you did so because you were 19· ·advised by counsel to do so, right? 20· · · · A.· ·I don't remember. 21· · · · Q.· ·You want to read your declaration, 22· ·paragraph 11?· "I did so upon the advice of my 23· ·counsel." 24· · · · · · ·Do you see that? 25· · · · A.· ·Yes, I see it.

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Case 22-50073 Doc 1529 Filed 03/09/23 Entered 03/09/23 12:00:00 Page 139 of 210

| ·1· · · · · · · · · · · · · M. Guo | Page 139 | |-----------------------------------------------------------|----------| | ·2· · · · Q.· ·Who is that counsel? | | | ·3· · · · A.· ·I don't remember. | | | ·4· · · · Q.· ·What prompted you to seek advice of | | | ·5· ·counsel with regard to this issue about the | | | ·6· ·registration and ownership of the Lady May? | | | ·7· · · · A.· ·I think that would just be a basic thing | | | ·8· ·you would do, doing business. | | | ·9· · · · Q.· ·Why didn't you do it anytime in the | | | 10· ·three years prior to when you were in the | | | 11· ·United States and held the Lady May as its owner? | | | 12· · · · A.· ·I don't remember. | | | 13· · · · Q.· ·Did you speak to counsel directly yourself | | | 14· ·or did you speak to someone else who had spoken to | | | 15· ·counsel to get this advice? | | | 16· · · · A.· ·I don't remember. | | | 17· · · · Q.· ·Do you recall if the counsel was from the | | | 18· ·law firm named Hodgson Russ? | | | 19· · · · A.· ·I don't remember. | | | 20· · · · Q.· ·Did you ever speak with Ms. Wang with | | | 21· ·regard to this transfer of ownership to Hong Kong | | | 22· ·International USA? | | | 23· · · · A.· ·By Ms. Wang, are you referring to Yvette? | | | 24· · · · Q.· ·Yes. | | | 25· · · · A.· ·I don't remember. | | | | |

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Case 22-50073 Doc 1529 Filed 03/09/23 Entered 03/09/23 12:00:00 Page 140 of 210

| Page 140<br>·1· · · · · · · · · · · · · M. Guo | |-----------------------------------------------------------| | ·2· · · · Q.· ·Today, other than the Lady May and the | | ·3· ·\$37 million that you took as a loan from Himalaya, | | ·4· ·does Hong Kong International USA have any other | | ·5· ·assets? | | ·6· · · · · · ·MR. VARTAN:· Objection to form. | | ·7· · · · A.· ·No. | | ·8· ·BY MR. LUFT: | | ·9· · · · Q.· ·Hong Kong International USA has no bank | | 10· ·accounts, correct? | | 11· · · · A.· ·Correct. | | 12· · · · Q.· ·And before that, from the time you took | | 13· ·control of Hong Kong International in 2017 until the | | 14· ·Lady May was transferred to Hong Kong USA in 2020, | | 15· ·Hong Kong International had no bank accounts, | | 16· ·correct? | | 17· · · · A.· ·That, I don't know. | | 18· · · · Q.· ·Hong Kong International USA has no | | 19· ·directors, correct? | | 20· · · · A.· ·I don't remember. | | 21· · · · · · ·MR. LUFT:· I'm going to mark as Mei Guo | | 22· · · · Exhibit 4 a June 7, 2021, letter from | | 23· · · · Lee Vartan to Edward Moss. | | 24· · · · · · ·(Mei Guo Exhibit 4 was received and marked | | 25· · · · for identification, as of this date.) |

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| Page 141<br>·1· · · · · · · · · · · · · M. Guo | | |-----------------------------------------------------------|--| | ·2· ·BY MR. LUFT: | | | ·3· · · · Q.· ·Ms. Guo, on June 7, 2021, Mr. Vartan was | | | ·4· ·your counsel, correct? | | | ·5· · · · A.· ·Yes. | | | ·6· · · · Q.· ·Do you see in the second paragraph | | | ·7· ·Mr. Vartan states on behalf of Hong Kong | | | ·8· ·International: | | | ·9· · · · · · · · · "Hong Kong International has no | | | 10· · · · · · ·directors, officers, or employees; has no | | | 11· · · · · · ·dedicated email servers or email suffixes; | | | 12· · · · · · ·does not file tax returns; and has no bank | | | 13· · · · · · ·account and it is not otherwise | | | 14· · · · · · ·capitalized." | | | 15· · · · · · ·Do you see that sentence? | | | 16· · · · A.· ·Yes. | | | 17· · · · Q.· ·Was Mr. Vartan truthful and accurate when | | | 18· ·he made that statement to Mr. Moss? | | | 19· · · · · · ·MR. VARTAN:· Objection. | | | 20· · · · A.· ·Yes. | | | 21· ·BY MR. LUFT: | | | 22· · · · Q.· ·Since Mr. Vartan's June 7, 2021, letter, | | | 23· ·is it still true that Hong Kong International has no | | | 24· ·directors, officers, or employees, has no dedicated | | | 25· ·email server or email suffix, does not file tax | |

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Page 142 ·1· · · · · · · · · · · · · M. Guo ·2· ·returns, and has no bank accounts and is not ·3· ·otherwise capitalized? ·4· · · · A.· ·You are referring to after this date; is ·5· ·that correct? ·6· · · · Q.· ·I'm asking after Mr. Vartan sent this ·7· ·letter on June 7, 2021, is that statement still true ·8· ·about Hong Kong International from as of June 8, ·9· ·2021, up through the present? 10· · · · A.· ·For all the other information, I confirmed 11· ·that is true.· But as to whether there's still no 12· ·directors or officers, that I am not sure. 13· · · · Q.· ·Do you know of any directors or officers 14· ·of Hong Kong International USA today? 15· · · · A.· ·So today, at this moment, probably none. 16· · · · Q.· ·Do you think sometime between June 7, 17· ·2021, and today there may have been a time when 18· ·Hong Kong International USA had directors and 19· ·officers? 20· · · · A.· ·I'm not quite certain.· That's why I 21· ·pointed this out.· I'm not sure. 22· · · · Q.· ·Throughout this whole time period, you 23· ·have remained the sole member of Hong Kong 24· ·International USA? 25· · · · A.· ·Yes, that's correct.

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Case 22-50073 Doc 1529 Filed 03/09/23 Entered 03/09/23 12:00:00 Page 143 of 210

Page 143 ·1· · · · · · · · · · · · · M. Guo ·2· · · · Q.· ·Has Hong Kong International USA ever had ·3· ·any board meetings? ·4· · · · A.· ·No. ·5· · · · Q.· ·Have there ever been any resolutions ·6· ·passed with regard to Hong Kong International? ·7· · · · A.· ·No. ·8· · · · Q.· ·Okay.· Are you familiar with the address ·9· ·162 East 64th Street? 10· · · · A.· ·Yeah, it sounds like I've heard about this 11· ·address. 12· · · · Q.· ·Have you ever been there? 13· · · · A.· ·I really don't remember. 14· · · · Q.· ·What's the address of Hong Kong 15· ·International USA? 16· · · · A.· ·It's probably the address you just 17· ·mentioned. 18· · · · Q.· ·When you say it's probably that address, 19· ·is that because I just mentioned it or you recall 20· ·that's the address? 21· · · · A.· ·I recall now. 22· · · · Q.· ·Is there an office for Hong Kong 23· ·International USA at that address? 24· · · · A.· ·No. 25· · · · Q.· ·Are you aware that your father has

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Case 22-50073 Doc 1529 Filed 03/09/23 Entered 03/09/23 12:00:00 Page 144 of 210

| ·1· · · · · · · · · · · · · M. Guo | Page 144 | |-----------------------------------------------------------|----------| | ·2· ·numerous businesses that he has listed at that | | | ·3· ·address? | | | ·4· · · · · · ·MR. VARTAN:· Objection. | | | ·5· · · · A.· ·I don't know. | | | ·6· ·BY MR. LUFT: | | | ·7· · · · Q.· ·Who pays the expenses of Hong Kong USA? | | | ·8· · · · A.· ·My brother. | | | ·9· · · · Q.· ·In fact, those expenses have been paid by | | | 10· ·Golden Spring and Lamp Capital, correct? | | | 11· · · · A.· ·I'm not sure about the specifics.· All I | | | 12· ·know is that it's paid by my brother. | | | 13· · · · Q.· ·Well, if we look at your affidavit at | | | 14· ·paragraph 12. | | | 15· · · · · · ·Do you see that?· This is Exhibit 1. | | | 16· · · · A.· ·Paragraph 12? | | | 17· · · · Q.· ·You see when you're discussing the | | | 18· ·expenses of Lady May that they're all paid for by | | | 19· ·Golden Spring and Lamp Capital? | | | 20· · · · A.· ·Yes, I see it. | | | 21· · · · Q.· ·There's no mention of your brother in that | | | 22· ·paragraph paying the expenses, correct? | | | 23· · · · A.· ·But the company is my brother's. | | | 24· · · · Q.· ·So Golden Spring and Lamp Capital are your | | | 25· ·brother's companies? | | | | |

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| ·1· · · · · · · · · · · · · M. Guo | Page 145 | |-----------------------------------------------------------|----------| | ·2· · · · A.· ·Yes.· My brother's family office. | | | ·3· · · · Q.· ·What does your brother do to get the funds | | | ·4· ·to Golden Spring and Lamp Capital? | | | ·5· · · · A.· ·I don't know. | | | ·6· · · · Q.· ·In the complaint you filed in this action, | | | ·7· ·you make multiple references to Hong Kong USA's | | | ·8· ·representatives. | | | ·9· · · · · · ·Who are you referring to when you say | | | 10· ·Hong Kong USA's representatives were the ones who | | | 11· ·directed Lady May's captain where to move? | | | 12· · · · A.· ·The majority of the times, I was referring | | | 13· ·to Max. | | | 14· · · · Q.· ·And Max is Max Krasner? | | | 15· · · · A.· ·Yes. | | | 16· · · · Q.· ·Anyone else who is HK USA's representative | | | 17· ·other than Max Krasner? | | | 18· · · · A.· ·Yes.· But those others stayed for a very | | | 19· ·short period of time, so I don't remember their | | | 20· ·names. | | | 21· · · · Q.· ·You also state in your complaint that you, | | | 22· ·directly and through your representatives, are | | | 23· ·solely responsible for directing Lady May's | | | 24· ·operations and movements. | | | 25· · · · · · ·Who are your representatives being | | | | |

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| ·1· · · · · · · · · · · · · M. Guo | Page 146 | |---------------------------------------------------------|----------| | ·2· ·referenced in the complaint? | | | ·3· · · · A.· ·So just like I just mentioned, for the | | | ·4· ·majority of the times it's Max. | | | ·5· · · · Q.· ·Max Krasner? | | | ·6· · · · A.· ·Max Krasner. | | | ·7· · · · Q.· ·Do you have Max Krasner's phone number? | | | ·8· · · · A.· ·No. | | | ·9· · · · Q.· ·Do you have his email address? | | | 10· · · · A.· ·No. | | | 11· · · · Q.· ·Do you know his home address? | | | 12· · · · A.· ·I don't know. | | | 13· · · · Q.· ·When you want to get in touch with | | | 14· ·Max Krasner, where would you call? | | | 15· · · · A.· ·I use software to call him. | | | 16· · · · Q.· ·Software to what?· What software? | | | 17· · · · A.· ·I change them very often.· There's no | | | 18· ·software that I use all the time. | | | 19· · · · Q.· ·Are you referring to a messaging app? | | | 20· · · · A.· ·I can also use it for messaging. | | | 21· · · · Q.· ·Could you please share with me what | | | 22· ·address or number you would use through the | | | 23· ·messaging app to contact Max Krasner? | | | 24· · · · A.· ·I never use any software that is bundled | | | 25· ·with my phone number.· So I don't have the number. | |

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| ·1· · · · · · · · · · · · · M. Guo | Page 147 | |----------------------------------------------------------|----------| | ·2· · · · Q.· ·For whatever messaging software you use, | | | ·3· ·there has to be some piece of contact information | | | ·4· ·from Max Krasner. | | | ·5· · · · · · ·What is that contact information that | | | ·6· ·whatever software you're using employs to contact | | | ·7· ·Max Krasner? | | | ·8· · · · · · ·MR. VARTAN:· Objection. | | | ·9· · · · A.· ·Are you referring to all of the | | | 10· ·information throughout this whole time? | | | 11· ·BY MR. LUFT: | | | 12· · · · Q.· ·I'll start with any of the information. | | | 13· · · · · · ·MR. VARTAN:· For which particular | | | 14· · · · question? | | | 15· · · · · · ·MR. LUFT:· Just -- you don't have to read | | | 16· · · · it for him. | | | 17· · · · · · ·MR. VARTAN:· I was asking you. | | | 18· · · · · · ·MR. LUFT:· You have a live stream.· You | | | 19· · · · can read it. | | | 20· · · · A.· ·In the early days, I used WhatsApp, | | | 21· ·Telegram, et cetera. | | | 22· · · · · · ·And then and now, I don't have any.· It's | | | 23· ·been a long time since I last contacted him. | | | 24· ·BY MR. LUFT: | | | 25· · · · Q.· ·Did you search for all of your | | | | |

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| Page 148<br>·1· · · · · · · · · · · · · M. Guo | |-----------------------------------------------------------| | ·2· ·communications on WhatsApp and Telegram that you had | | ·3· ·with Max Krasner in connection with this litigation? | | ·4· · · · A.· ·No, I didn't.· I change my mobile phone | | ·5· ·every month.· I will never keep this information. | | ·6· · · · Q.· ·Regardless of changing your phone, the app | | ·7· ·stays the same, right? | | ·8· · · · · · ·MR. VARTAN:· Objection. | | ·9· · · · · · ·Only what you know. | | 10· · · · A.· ·It's not the same. | | 11· · · · · · ·MR. LUFT:· Counsel, we've requested those | | 12· · · · communications.· You failed to produce them. | | 13· · · · I'd ask that you please produce them. | | 14· · · · · · ·I'm going to hold the deposition open | | 15· · · · pending receipt of the information so I can ask | | 16· · · · questions about it. | | 17· · · · · · ·MR. VARTAN:· I think she said she doesn't | | 18· · · · have them.· We'll look again. | | 19· · · · · · ·MR. LUFT:· Counsel, you understand how | | 20· · · · that works, that it is not tied to a specific | | 21· · · · phone, don't you? | | 22· · · · · · ·MR. VARTAN:· No. | | 23· · · · · · ·MR. LUFT:· You don't understand that? | | 24· · · · · · ·MR. VARTAN:· I don't understand the inner | | 25· · · · workings of WhatsApp, no. |

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Page 149 ·1· · · · · · · · · · · · · M. Guo ·2· · · · · · ·MR. LUFT:· I don't think you need to ·3· · · · understand the inner workings of WhatsApp. ·4· · · · · · ·You have a phone, correct? ·5· · · · · · ·MR. VARTAN:· Yes. ·6· · · · · · ·MR. LUFT:· Do you know when you log in ·7· · · · that it's not dependent on that phone, that you ·8· · · · can just look what's on that app on any phone? ·9· · · · · · ·MR. VARTAN:· I had no idea. ^ 10· · · · · · ·MR. LUFT:· Okay, Counsel.· You should 11· · · · speak to Mr. Romney, who is much more tech 12· · · · savvy, and he can help you with this. 13· · · · · · ·MR. ROMNEY:· I'm not very tech savvy. 14· · · · · · ·MR. LUFT:· But I do know you know how to 15· · · · use a phone, Aaron. 16· · · · · · ·MR. ROMNEY:· I do know how to use a phone, 17· · · · but I don't know anything about these apps. 18· ·BY MR. LUFT: 19· · · · Q.· ·Ms. Guo, you testified that Mr. Krasner no 20· ·longer is at Golden Spring. 21· · · · · · ·Has Mr. Krasner ever been an employee of 22· ·HK International? 23· · · · A.· ·No. 24· · · · Q.· ·When you needed to speak to someone at 25· ·Lamp Capital, who would you speak to?

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| ·1· · · · · · · · · · · · · M. Guo | Page 150 | |-----------------------------------------------------------|----------| | ·2· · · · A.· ·I will contact my brother. | | | ·3· · · · Q.· ·So when you have just any questions about | | | ·4· ·HK International's expenses or anything that needs | | | ·5· ·to be done, you just call your brother directly? | | | ·6· · · · A.· ·Yes. | | | ·7· · · · Q.· ·Now that Max Krasner and Ms. Wang are no | | | ·8· ·longer with Golden Spring, when you had to ask any | | | ·9· ·questions on behalf of HK International, who were | | | 10· ·HK International's representatives? | | | 11· · · · · · ·MR. VARTAN:· Objection.· Confusing | | | 12· · · · question. | | | 13· · · · A.· ·Now there's no one.· When I have a | | | 14· ·question, I just call my brother. | | | 15· ·BY MR. LUFT: | | | 16· · · · Q.· ·So if you wanted to move the Lady May or | | | 17· ·give permission for someone to go on -- strike the | | | 18· ·first part. | | | 19· · · · · · ·If you wanted to give permission for a | | | 20· ·person to be a guest on the Lady May today, who | | | 21· ·would you call? | | | 22· · · · A.· ·At this moment, I don't have access to use | | | 23· ·my boat.· So I don't need to call anybody. | | | 24· · · · Q.· ·When was the last time there were any | | | 25· ·guests on the Lady May? | |

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| | ·1· · · · · · · · · · · · · M. Guo | Page 151 | | |----------------------------------------------------------|----------------------------------------------------------|----------|--| | | ·2· · · · A.· ·That's when the boat was still in Europe, | | | | | ·3· ·before it returned to the US.· My brother used it. | | | | | ·4· · · · Q.· ·When was the last time your father was on | | | | ·5· ·the Lady May? | | | | | | ·6· · · · A.· ·So you mean getting onto the boat?<br>A | | | | | ·7· ·while ago, he went to take a look.· But for staying | | | | ·8· ·on the boat, I think that was one or two years ago, | | | | | ·9· ·before the pandemic. | | | | | | 10· · · · Q.· ·When was the last time your father was | | | | | 11· ·physically on the Lady May? | | | | | 12· · · · A.· ·I think it was not long ago.· I don't | | | | | 13· ·remember the exact time. | | | | | 14· · · · Q.· ·What's your best recollection? | | | | | 15· · · · A.· ·It was in winter, anyway. | | | | | 16· · · · Q.· ·This winter? | | | | | 17· · · · A.· ·I think so. | | | | | 18· · · · Q.· ·Were you with him? | | | | 19· · · · A.· ·No. | | | | | | 20· · · · Q.· ·Who did you call, or did you call anyone, | | | | | 21· ·to give him permission to go onto the boat? | | | | | 22· · · · A.· ·He called me and asked me about it. | | | | | 23· · · · Q.· ·Your father called you and asked if he | | | | | 24· ·could go on the boat? | | | | | 25· · · · A.· ·That's right.· He said he was -- just | | | | | | | |

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| Page 152<br>·1· · · · · · · · · · · · · M. Guo | |-----------------------------------------------------------| | ·2· ·happened to pass by the boat in Connecticut.· He saw | | ·3· ·the boat and wanted to go onto it to take a look. | | ·4· ·And he asked me if that's okay. | | ·5· · · · · · ·I said "Go ahead." | | ·6· · · · Q.· ·Did you communicate that your father was | | ·7· ·coming onto the boat to anyone? | | ·8· · · · A.· ·No.· It wasn't like he was going anywhere. | | ·9· ·He just wanted to get onto the boat to take a look. | | 10· · · · Q.· ·Was there a crew on the boat at the time? | | 11· · · · A.· ·Yes. | | 12· · · · Q.· ·Did you call the crew and tell them that | | 13· ·he was coming onto the boat? | | 14· · · · A.· ·I don't remember. | | 15· · · · Q.· ·Who in the crew would you have called?· Do | | 16· ·you have any of their phone numbers? | | 17· · · · A.· ·The captain.· I have the captain's number. | | 18· · · · Q.· ·Is there any evidence on your phone that | | 19· ·you called the captain to tell him that your father | | 20· ·was coming on the boat? | | 21· · · · · · ·MR. VARTAN:· Objection. | | 22· · · · A.· ·My answer is that I don't remember if I | | 23· ·called anyone about my dad coming onto the boat. | | 24· ·And it's not the captain.· I have not yet contacted | | 25· ·the captain. |

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| ·1· · · · · · · · · · · · · M. Guo | Page 153 | |-----------------------------------------------------------|----------| | ·2· ·BY MR. LUFT: | | | ·3· · · · Q.· ·Okay.· Does anyone manage the operations | | | ·4· ·of Hong Kong International for you? | | | ·5· · · · A.· ·No. | | | ·6· · · · Q.· ·Does Lamp Capital handle the management | | | ·7· ·and the operations of Hong Kong International for | | | ·8· ·you? | | | ·9· · · · · · ·MR. VARTAN:· Objection. | | | 10· · · · A.· ·I don't remember. | | | 11· · · · · · ·MR. LUFT:· I'm going to mark as Exhibit 5 | | | 12· · · · a document Bates-stamped PN000107 through 117. | | | 13· · · · · · ·(Mei Guo Exhibit 5 was received and marked | | | 14· · · · for identification, as of this date.) | | | 15· · · · · · ·MR. VARTAN:· Five? | | | 16· · · · · · ·MR. LUFT:· Five. | | | 17· ·BY MR. LUFT: | | | 18· · · · Q.· ·Ms. Guo, this is a document titled | | | 19· ·"Management and Operations Agreement."· It lists | | | 20· ·Hong Kong International Investment Funds USA as the | | | 21· ·company and Lamp Capital LLC as the service | | | 22· ·provider. | | | 23· · · · · · ·Do you see that? | | | 24· · · · A.· ·Just one moment.· Which page is it on? | | | 25· · · · Q.· ·The first page, it's just at the top. | | | | |

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| ·1· · · · · · · · · · · · · M. Guo | Page 154 | |-----------------------------------------------------------|----------| | ·2· · · · A.· ·Could you repeat his question just now? | | | ·3· · · · Q.· ·I'm just -- we can move on.· I was just | | | ·4· ·noting what it says on the top. | | | ·5· · · · A.· ·Okay.· I see it. | | | ·6· · · · Q.· ·Do you see on page ending in | | | ·7· ·Bates-stamp 113 there is a signature above | | | ·8· ·"Name: Mei Guo, Title: Member"? | | | ·9· · · · A.· ·Yes, I see it. | | | 10· · · · Q.· ·Is that your signature? | | | 11· · · · A.· ·It looks like my signature. | | | 12· · · · Q.· ·You see on the prior page is a signature | | | 13· ·of a man named Daniel Podhaskie? | | | 14· · · · A.· ·Yes, I see it. | | | 15· · · · Q.· ·If you turn to the first page, it says: | | | 16· · · · · · · · · "Service provider shall provide | | | 17· · · · · · ·management and operational support | | | 18· · · · · · ·services to the company." | | | 19· · · · A.· ·Yes, I see it. | | | 20· · · · Q.· ·Do you recall entering into this agreement | | | 21· ·with Lamp Capital? | | | 22· · · · A.· ·Can I ask which year this is from? | | | 23· · · · Q.· ·It looks as though, by my reading, it says | | | 24· ·it was signed on May 7, 2021.· That's on -- I'm | | | 25· ·looking at Bates stamp 111. | | | | |

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Page 155 ·1· · · · · · · · · · · · · M. Guo ·2· · · · · · ·Does that refresh your recollection? ·3· · · · A.· ·Yes, I see it. ·4· · · · Q.· ·Do you recall entering into this ·5· ·transaction between Lamp Capital and Hong Kong ·6· ·International? ·7· · · · A.· ·I recall. ·8· · · · Q.· ·Prior to this agreement, was there a prior ·9· ·management agreement with Lamp Capital? 10· · · · A.· ·I don't remember. 11· · · · Q.· ·Prior to this agreement was there a prior 12· ·management agreement with Golden Spring? 13· · · · A.· ·I don't recall either. 14· · · · Q.· ·Who negotiated this agreement on behalf of 15· ·Hong Kong International? 16· · · · A.· ·I don't remember. 17· · · · Q.· ·Do you recall without -- sitting here 18· ·today, without rereading the document, do you recall 19· ·what any of the terms of this agreement are? 20· · · · A.· ·I don't remember. 21· · · · Q.· ·Is this agreement still in effect between 22· ·Lamp Capital and Hong Kong International with regard 23· ·to managing and operating Hong Kong International 24· ·and the Lady May? 25· · · · A.· ·Yes.

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Page 156 ·1· · · · · · · · · · · · · M. Guo ·2· · · · Q.· ·At the hearing before Justice Ostrager you ·3· ·testified that the annual costs related to the ·4· ·Lady May were approximately 2 to \$3 million. ·5· · · · · · ·Is that number still accurate? ·6· · · · A.· ·It is accurate, but I think perhaps this ·7· ·number was higher last year because we did a lot of ·8· ·maintenance. ·9· · · · Q.· ·Under this agreement, under point (d), it 10· ·says that Lamp Capital is responsible for 11· ·commencing, defending, control all legal actions, 12· ·arbitrations, investigations, and proceedings that 13· ·arise due to events occurring in connection with the 14· ·business of the company, which is Hong Kong 15· ·International, during the term of this agreement. 16· · · · · · ·Is Lamp Capital in control of this legal 17· ·action that you've brought? 18· · · · A.· ·Just one moment.· Where should I look at 19· ·(d)? 20· · · · Q.· ·Under 2(d).· Under Management Services, 21· ·(d). 22· · · · A.· ·I don't quite understand what this 23· ·question means. 24· · · · Q.· ·I'll say it again. 25· · · · · · ·Under the terms of this agreement, it says

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Page 157 ·1· · · · · · · · · · · · · M. Guo ·2· ·that Lamp Capital will control all legal actions ·3· ·relating to the business of Hong Kong International. ·4· · · · · · ·My question is:· Does Lamp Capital control ·5· ·this litigation that you have brought -- ·6· · · · · · ·MR. VARTAN:· Objection. ·7· ·BY MR. LUFT: ·8· · · · Q.· ·-- on behalf of Hong Kong International? ·9· · · · · · ·MR. VARTAN:· Objection. 10· · · · A.· ·I'm sorry.· I'm not an attorney, so I 11· ·don't know how to answer your question.· I don't 12· ·quite understand. 13· ·BY MR. LUFT: 14· · · · Q.· ·Who pays the legal fees in connection with 15· ·this litigation? 16· · · · A.· ·So like what we're doing today? 17· · · · Q.· ·Like everything, about filing the 18· ·complaint, writing your pleadings, being here today, 19· ·everything in connection with this litigation that 20· ·you've brought.· Who pays the legal fees? 21· · · · A.· ·So I pay my counsel by myself.· And then 22· ·for some expenses, they are paid by my brother. 23· · · · Q.· ·Which are the expenses that are paid by 24· ·your brother? 25· · · · A.· ·I want to make the correction that what 210

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| Page 158<br>·1· · · · · · · · · · · · · M. Guo | |-----------------------------------------------------------| | ·2· ·I'm saying is I pay Lee by myself.· But for other | | ·3· ·attorneys, like when the expenses are higher from | | ·4· ·other law firms, those would be paid by my brother. | | ·5· · · · Q.· ·Who pays the Zeisler firm that Mr. Romney | | ·6· ·is at? | | ·7· · · · A.· ·I paid some and my brother paid some for | | ·8· ·me. | | ·9· · · · Q.· ·Who pays Mr. Mitchell? | | 10· · · · A.· ·I don't recall. | | 11· · · · Q.· ·Do you pay Mr. Mitchell for the legal | | 12· ·services he provides to you? | | 13· · · · A.· ·So you're asking if I would pay by myself? | | 14· · · · Q.· ·I'm asking you, yes.· You pay for | | 15· ·Mr. Mitchell on behalf of his representation of you | | 16· ·and Hong Kong International? | | 17· · · · A.· ·I don't recall when would be the last time | | 18· ·I paid him, but, of course, I've paid him. | | 19· · · · Q.· ·When you say your brother pays for your | | 20· ·legal fees, does he pay them directly from his own | | 21· ·bank account or does he pay through Lamp Capital? | | 22· · · · A.· ·I don't know.· I would just forward my | | 23· ·invoices to him.· And as to what he does with them, | | 24· ·I don't know. | | 25· · · · · · ·MR. VARTAN:· I'd ask for a break when you | | |

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| Page 159<br>·1· · · · · · · · · · · · · M. Guo | | |-----------------------------------------------------------|--| | ·2· · · · get to a stopping point.· We've been going for | | | ·3· · · · about an hour and a half. | | | ·4· · · · · · ·MR. LUFT:· Sure. | | | ·5· ·BY MR. LUFT: | | | ·6· · · · Q.· ·Do you recall what compensation you paid | | | ·7· ·Lamp Capital in exchange for their management | | | ·8· ·services? | | | ·9· · · · A.· ·I don't recall. | | | 10· · · · Q.· ·Do you ever use the Lady May -- is the | | | 11· ·Lady May ever rented out for charter services? | | | 12· · · · A.· ·Never. | | | 13· · · · Q.· ·Would you ever consider such a thing? | | | 14· · · · A.· ·Never. | | | 15· · · · Q.· ·Do you know why, under the terms of this | | | 16· ·agreement with Lamp Capital, you agreed to pay them | | | 17· ·the money from charter services for the Lady May? | | | 18· · · · · · ·MR. VARTAN:· Misstates the contract. | | | 19· · · · A.· ·Where is it?· Can I take a look? | | | 20· ·BY MR. LUFT: | | | 21· · · · Q.· ·Sure.· Under 7, "Compensation": | | | 22· · · · · · · · · "Additionally, service provider" -- | | | 23· · · · · · ·Lamp Capital -- "shall be paid directly | | | 24· · · · · · ·for any and all charter services revenue | | | 25· · · · · · ·generated by Lady May and/or Lady May II." | | | | |

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Page 160 ·1· · · · · · · · · · · · · M. Guo ·2· · · · A.· ·My understanding of this is that it would ·3· ·have to be approved by me. ·4· · · · Q.· ·Okay.· And you're saying you would never ·5· ·approve it? ·6· · · · A.· ·Right.· I will never rent my boat out. ·7· · · · Q.· ·When this agreement was being entered into ·8· ·and that was the compensation being offered for the ·9· ·management services, was Lamp Capital informed that 10· ·they would never receive any revenue under this 11· ·provision? 12· · · · · · ·MR. VARTAN:· Objection. 13· · · · A.· ·I don't remember.· That would be a 14· ·conversation between the attorneys.· I don't know. 15· ·BY MR. LUFT: 16· · · · Q.· ·If you look under 3, "Obligations of the 17· ·Company," (b), which is on the second page? 18· · · · A.· ·(Witness complies.) 19· · · · Q.· ·Second page. 20· · · · · · ·Do you see the first line of it says "The 21· ·Company" -- and that refers to Hong Kong 22· ·International, correct? 23· · · · A.· ·Yes. 24· · · · Q.· ·-- "will promptly provide all requested 25· ·documentation relating to its ownership."

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| | ·1· · · · · · · · · · · · · M. Guo | Page 161 | | |--------------------------|-----------------------------------------------------------|----------|--| | | ·2· · · · · · ·Do you see that? | | | | ·3· · · · A.· ·Yes. | | | | | | ·4· · · · Q.· ·And the ownership of Hong Kong | | | | | ·5· ·International is you; is that correct? | | | | ·6· · · · A.· ·Yes. | | | | | | ·7· · · · Q.· ·And then it says "and ultimate beneficial | | | | ·8· ·owners." | | | | | | ·9· · · · · · ·Do you see that? | | | | 10· · · · A.· ·Yes. | | | | | | 11· · · · Q.· ·Who are the ultimate -- if the company is | | | | | 12· ·Hong Kong International and the ownership is you, | | | | | 13· ·who is being referenced by "ultimate beneficial | | | | 14· ·owners"? | | | | | | 15· · · · · · ·MR. VARTAN:· Objection. | | | | | 16· · · · A.· ·I don't know. | | | | | 17· · · · · · ·MR. LUFT:· Okay.· You can put this aside | | | | 18· · · · for a moment. | | | | | | 19· · · · · · ·Counsel asked for a break, so why don't we | | | | 20· · · · do that. | | | | | | 21· · · · · · ·MR. VARTAN:· Sure.· Thank you. | | | | | 22· · · · · · ·THE VIDEOGRAPHER:· It is 4:51 p.m.· We're | | | | | 23· · · · going off the record. | | | | 24· · · · · · ·(Recess.) | | | | | | 25· · · · · · ·THE VIDEOGRAPHER:· It's 5:17 p.m.· We are | | | | | | | |

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| ·1· · · · · · · · · · · · · M. Guo | Page 162 | |-----------------------------------------------------------|----------| | ·2· · · · back on the record. | | | ·3· ·BY MR. LUFT: | | | ·4· · · · Q.· ·Ms. Guo, I want to ask you a few questions | | | ·5· ·about the Lady May, if I may. | | | ·6· · · · A.· ·Okay. | | | ·7· · · · Q.· ·When the Lady May has set sail for the | | | ·8· ·south in the winter, do you ever use it? | | | ·9· · · · A.· ·Yes, sometimes in Florida. | | | 10· · · · Q.· ·Does your father ever use it when it's in | | | 11· ·Florida? | | | 12· · · · A.· ·Yes. | | | 13· · · · Q.· ·How often does he use it in Florida? | | | 14· · · · A.· ·I don't remember. | | | 15· · · · Q.· ·When the Lady May went south in 2020, did | | | 16· ·you use the boat when it was in Florida? | | | 17· · · · A.· ·Let me think about it.· I don't remember. | | | 18· · · · Q.· ·Prior to going south in 2020, was the | | | 19· ·Lady May kept in Florida during the winter? | | | 20· · · · · · ·MR. VARTAN:· Objection. | | | 21· · · · A.· ·I just want to double-check. | | | 22· · · · · · ·So it's about where the boat was in the | | | 23· ·winter of 2020, right? | | | 24· ·BY MR. LUFT: | | | 25· · · · Q.· ·Before -- the winter of 2020 I'll ask | | | | |

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| Page 163<br>·1· · · · · · · · · · · · · M. Guo | |-----------------------------------------------------------| | ·2· ·about in a minute.· Prior to that, in prior winters. | | ·3· · · · A.· ·What about in prior winters? | | ·4· · · · Q.· ·Was it kept in Florida during the winter? | | ·5· · · · · · ·MR. VARTAN:· Can I just clarify?· Are we | | ·6· · · · talking about winter '20 into '21, or '19 into | | ·7· · · · '20? | | ·8· · · · · · ·MR. LUFT:· No.· Like I said, prior to | | ·9· · · · 2020. | | 10· · · · · · ·MR. VARTAN:· You said winter 2020. | | 11· · · · · · ·MR. LUFT:· Prior to that time. | | 12· · · · · · ·MR. VARTAN:· I'm not trying to be | | 13· · · · confusing. | | 14· · · · · · ·MR. LUFT:· I know you're not.· You're just | | 15· · · · being interrupting. | | 16· · · · · · ·It's prior to the winter of 2020.· Which | | 17· · · · winter would that be? | | 18· · · · · · ·MR. VARTAN:· Asking '19 to '20 or '20 to | | 19· · · · '21? | | 20· · · · · · ·MR. LUFT:· Oh, my God. | | 21· ·BY MR. LUFT: | | 22· · · · Q.· ·Ms. Guo, you understand that -- why don't | | 23· ·we just make this simple so there's no issue. | | 24· · · · · · ·In late fall 2020, for the winter, for the | | 25· ·upcoming winter, the Lady May sailed south, correct? |

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| ·1· · · · · · · · · · · · · M. Guo | Page 164 | |-----------------------------------------------------------|----------| | ·2· · · · A.· ·Yes. | | | ·3· · · · Q.· ·Okay.· In the winters prior to that | | | ·4· ·winter, where was the Lady May kept? | | | ·5· · · · A.· ·I don't know about during the winters | | | ·6· ·before 2017.· But for 2017, '18, and '19, it would | | | ·7· ·be in Florida during the fall.· And when it's | | | ·8· ·colder, it would go to the Bahamas. | | | ·9· · · · Q.· ·Okay.· In the fall of 2020, someone from | | | 10· ·Golden Spring contacted you to let you know that it | | | 11· ·was time to move the boat south, correct? | | | 12· · · · A.· ·Yes. | | | 13· · · · Q.· ·Who was that person at Golden Spring? | | | 14· · · · A.· ·I don't remember. | | | 15· · · · Q.· ·And after that call, Golden Spring | | | 16· ·contacted the captain and told him to move the boat | | | 17· ·south, correct? | | | 18· · · · A.· ·Yes. | | | 19· · · · Q.· ·And then it was in the captain's | | | 20· ·discretion what day to actually set sail, correct? | | | 21· · · · A.· ·Yes, so depending on the weather. | | | 22· · · · Q.· ·So when you state that you are solely | | | 23· ·responsible for directing the Lady May's movements, | | | 24· ·I want to be clear. | | | 25· · · · · · ·During the summer, when the boat is in the | | | | |

| Page 165<br>·1· · · · · · · · · · · · · M. Guo | |-----------------------------------------------------------| | ·2· ·northeast and your father is on board and you are | | ·3· ·not, he gets to dictate where the boat goes, | | ·4· ·correct? | | ·5· · · · A.· ·So specifically do you mean that when my | | ·6· ·dad is on board, can he control the boat? | | ·7· · · · Q.· ·I mean when your dad is on board and you | | ·8· ·are not, he gets to decide where the boat goes, | | ·9· ·correct, in the northeast? | | 10· · · · A.· ·The northeast refers to New York, right? | | 11· · · · Q.· ·New York, Nantucket, Bar Harbor, the same | | 12· ·places we talked about this morning when the Court | | 13· ·asked Captain Heaslop those questions. | | 14· · · · A.· ·Generally he would tell me about it first. | | 15· · · · Q.· ·And in the south, when you're not on the | | 16· ·boat, which is -- that's the majority of the time in | | 17· ·the winter, correct? | | 18· · · · · · ·MR. VARTAN:· Objection. | | 19· · · · A.· ·"The south" refers to Florida? | | 20· ·BY MR. LUFT: | | 21· · · · Q.· ·Florida, the Bahamas. | | 22· · · · A.· ·When it's in Florida, I am there most of | | 23· ·the time.· When it's in the Bahamas, I'm not there | | 24· ·because I can't leave the country. | | 25· · · · Q.· ·Okay.· So when the Lady May is docked in |

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| Page 166<br>·1· · · · · · · · · · · · · M. Guo | | |-----------------------------------------------------------|--| | ·2· ·Florida, that's where you're residing most of the | | | ·3· ·time? | | | ·4· · · · A.· ·Yes. | | | ·5· · · · Q.· ·Ms. Guo, you mentioned that on May 28, | | | ·6· ·2021, you had a number of NDAs executed, correct, | | | ·7· ·with the crew, the current crew of the boat? | | | ·8· · · · · · ·MR. VARTAN:· Objection.· You may just want | | | ·9· · · · to explain what an NDA is. | | | 10· ·BY MR. LUFT: | | | 11· · · · Q.· ·You can answer, Ms. Guo. | | | 12· · · · A.· ·I have an NDA with every single one of my | | | 13· ·crew. | | | 14· · · · Q.· ·Have you produced all of those documents? | | | 15· · · · A.· ·I don't recall. | | | 16· · · · Q.· ·Do you have any NDAs with any crew member | | | 17· ·prior to May 28, 2021? | | | 18· · · · A.· ·I think so. | | | 19· · · · Q.· ·I'll represent to you that your counsel | | | 20· ·has not produced any such documents. | | | 21· · · · · · ·Do you know if any such NDAs exist and, if | | | 22· ·so, where? | | | 23· · · · A.· ·You could ask my management company. | | | 24· · · · Q.· ·Who is that? | | | 25· · · · A.· ·Yachtzoo. | | | | |

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| ·1· · · · · · · · · · · · · M. Guo | Page 167 | |----------------------------------------------------------|----------| | ·2· · · · · · ·Oh, sorry.· It's not just this one | | | ·3· ·management company.· There are many. | | | ·4· · · · Q.· ·What are the other management companies | | | ·5· ·for the yacht? | | | ·6· · · · A.· ·There's been Moran, M-O-R-A-N, Yachtzoo, | | | ·7· ·and Bergers.· And in between, we switched back to | | | ·8· ·Yachtzoo.· I think there are three of them. | | | ·9· · · · Q.· ·And Hong Kong International doesn't keep | | | 10· ·copies of any of those agreements other than the | | | 11· ·ones from May 28, 2021? | | | 12· · · · · · ·MR. VARTAN:· Objection. | | | 13· · · · A.· ·I don't remember. | | | 14· ·BY MR. LUFT: | | | 15· · · · Q.· ·Do you have a copy of the NDA the current | | | 16· ·captain signed, an NDA agreement? | | | 17· · · · A.· ·I think I do. | | | 18· · · · · · ·MR. LUFT:· Counsel, again, no such | | | 19· · · · document has been produced to us.· We'd ask | | | 20· · · · that it be produced if it exists. | | | 21· ·BY MR. LUFT: | | | 22· · · · Q.· ·How about Mr. -- Captain Ivanov?· We've | | | 23· ·received no copy of any NDA agreement with him. | | | 24· · · · · · ·Did you ever sign an agreement with him? | | | 25· · · · A.· ·I just wanted to double-check.· The first | | | | |

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| ·1· · · · · · · · · · · · · M. Guo | Page 168 | |-----------------------------------------------------------|----------| | ·2· ·name of this captain is Lloyd; is that correct? | | | ·3· ·Because I never remember their family names. | | | ·4· · · · Q.· ·Not based on what he testified to at | | | ·5· ·court. | | | ·6· · · · A.· ·Is it Momchil? | | | ·7· · · · Q.· ·Momchil Ivanov. | | | | | | ·8· · · · A.· ·I don't remember. | | | ·9· · · · Q.· ·You also produced a staffing agreement | | | 10· ·with Phoenix Crew Ltd. | | | 11· · · · · · ·Do you recall that? | | | 12· · · · A.· ·Yes. | | | 13· · · · Q.· ·Other than the May 28, 2021, NDAs with | | | 14· ·that current crew and the September 1, 2021, | | | 15· ·staffing agreement with Phoenix Crew Ltd., and the | | | 16· ·agreement between Hong Kong International and | | | 17· ·Lamp Capital, we received no other documents bearing | | | 18· ·your signature on behalf of Hong Kong International. | | | 19· · · · · · ·Are you aware if any other such document | | | 20· ·exists? | | | 21· · · · · · ·MR. VARTAN:· Objection. | | | 22· · · · A.· ·I'm not sure. | | | 23· ·BY MR. LUFT: | | | 24· · · · Q.· ·And to be clear, other than the NDAs with | | | 25· ·the crew as of May 28, 2021, the Phoenix Crew Ltd. | | | | |

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| Page 169<br>·1· · · · · · · · · · · · · M. Guo | |---------------------------------------------------------------| | ·2· ·document, and the agreement between Hong Kong | | ·3· ·International and Lamp Capital, which we looked at | | ·4· ·as Exhibit 4, are you aware of any document that you | | ·5· ·executed on behalf of Hong Kong International? | | ·6· · · · · · ·MR. VARTAN:· Objection. | | ·7· · · · A.· ·I'm not sure. | | ·8· ·BY MR. LUFT: | | ·9· · · · Q.· ·Okay.· Do you recall when the Lady May | | 10· ·sailed south in 2020? | | 11· · · · A.· ·October. | | 12· · · · Q.· ·Do you recall when in October? | | 13· · · · A.· ·I don't recall. | | 14· · · · Q.· ·Do you have any better recollection than | | 15· ·sometime in October? | | 16· · · · A.· ·I don't remember. | | 17· · · · · · ·MR. LUFT:· I'm going to mark as Exhibit 6, | | 18· · · · Mei Guo Deposition Exhibit 6, a copy of | | 19· · · · Justice Ostrager's Decision and Order from | | 20· · · · October 15, 2020. | | 21· · · · · · ·(Mei Guo Exhibit 6 was received and marked for | | 22· ·identification, as of this date.) | | 23· ·BY MR. LUFT: | | 24· · · · Q.· ·Ms. Guo, while we wait on that, how long | | 25· ·does it take to sail the Lady May from New York to |

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| ·1· · · · · · · · · · · · · M. Guo | Page 170 | |----------------------------------------------------------|----------| | ·2· ·Florida? | | | ·3· · · · A.· ·It entirely depends on the weather. | | | ·4· · · · Q.· ·Approximately? | | | ·5· · · · A.· ·As I remember, there was once when the | | | ·6· ·weather conditions were really poor, and it took | | | ·7· ·them maybe two weeks. | | | ·8· · · · Q.· ·And if the conditions are good? | | | ·9· · · · A.· ·That, I don't know. | | | 10· · · · Q.· ·Do you recognize this document, Ms. Guo? | | | 11· · · · A.· ·Just one moment.· I'll take a look. | | | 12· · · · · · ·I don't recall. | | | 13· · · · Q.· ·Do you recall either seeing this order or | | | 14· ·being told by counsel that Justice Ostrager had | | | 15· ·ordered that Mr. Kwok and/or the registered owners | | | 16· ·of the residence at the Sherry-Netherland and the | | | 17· ·yacht the Lady May are restrained from making or | | | 18· ·closing any sale, assignment, transfer, or | | | 19· ·interference with those assets? | | | 20· · · · A.· ·I don't recall ever seeing this document. | | | 21· · · · Q.· ·Okay.· Hong Kong International was the | | | 22· ·registered owner of the Lady May on October 15, | | | 23· ·2020, correct? | | | 24· · · · A.· ·You are referring to Hong Kong | | | 25· ·International USA, correct? | |

| ·1· · · · · · · · · · · · · M. Guo | Page 171 | |----------------------------------------------------------|----------| | ·2· · · · Q.· ·Yes, ma'am. | | | ·3· · · · A.· ·Yes. | | | ·4· · · · Q.· ·Did your counsel tell you that as of | | | ·5· ·October 15, 2020, there was a restraining order | | | ·6· ·applying to you with regard to the Lady May and any | | | ·7· ·interference with the asset? | | | ·8· · · · · · ·MR. VARTAN:· Objection.· We haven't | | | ·9· · · · established it, Counsel. | | | 10· · · · · · ·MR. LUFT:· In fact, I have. | | | 11· · · · · · ·MR. VARTAN:· No, you haven't.· And I'm | | | 12· · · · talking about October 15, 2020. | | | 13· · · · · · ·MR. LUFT:· And we've established that | | | 14· · · · Mr. Mitchell was her counsel at that time, | | | 15· · · · correct? | | | 16· · · · · · ·MR. VARTAN:· No, you didn't. | | | 17· · · · · · ·MR. LUFT:· Oh, my God. | | | 18· · · · · · ·MR. VARTAN:· You can ask her. | | | 19· · · · · · ·MR. LUFT:· I've asked her.· It's in the | | | 20· · · · record. | | | 21· · · · · · ·Mr. Vartan, once again, you're amazing in | | | 22· · · · your creativity of how to waste time. | | | 23· ·BY MR. LUFT: | | | 24· · · · Q.· ·Ms. Guo, Mr. Mitchell was your counsel in | | | 25· ·October of 2020, correct? | |

| | ·1· · · · · · · · · · · · · M. Guo | Page 172 | |--------------------|---------------------------------------------------------------|----------| | | ·2· · · · A.· ·I don't remember.· I can't remember those | | | ·3· ·clearly. | | | | | ·4· · · · Q.· ·Do you believe you had no counsel at that | | | ·5· ·time? | | | | | ·6· · · · A.· ·I don't recall. | | | | ·7· · · · Q.· ·Did your father or anyone else involved in | | | | ·8· ·that litigation inform you that you are subject to a | | | | ·9· ·Court order impacting your use of the Lady May? | | | | 10· · · · · · ·MR. VARTAN:· Objection. | | | 11· · · · A.· ·No. | | | | | 12· · · · · · ·MR. LUFT:· I'm going to mark as Mei Guo | | | | 13· · · · Exhibit 7 another Decision and Order from | | | | 14· · · · Justice Ostrager, this one dated March 16, | | | 15· · · · 2021. | | | | | 16· · · · · · ·(Mei Guo Exhibit 7 was received and marked for | | | | 17· ·identification, as of this date.) | | | 18· ·BY MR. LUFT: | | | | | 19· · · · Q.· ·Ms. Guo, on or after March 17, 2021, do | | | | 20· ·you recall, were you informed that there was a | | | | 21· ·contempt order stating that for every day the yacht | | | | 22· ·is outside the jurisdiction of this Court after | | | | 23· ·May 15, 2021, Defendant Kwok will be fined \$500,000? | | | | 24· · · · A.· ·I know about that. | | | | 25· · · · Q.· ·And you knew about -- when did you learn | |

| | ·1· · · · · · · · · · · · · M. Guo | Page 173 | |---------------------|-----------------------------------------------------------|----------| | ·2· ·of that? | | | | | ·3· · · · A.· ·I don't remember. | | | | ·4· · · · Q.· ·And did you learn about the next line | | | | ·5· ·where the Court also ordered that the other | | | | ·6· ·restraints related to the ownership and control of | | | | ·7· ·the yacht remain in place? | | | | ·8· · · · A.· ·I don't recall. | | | | ·9· · · · Q.· ·In your affidavit you said you were made | | | | 10· ·aware of the Court's order by your counsel, correct? | | | 11· · · · A.· ·Yes. | | | | | 12· · · · Q.· ·Who was that counsel? | | | 13· · · · A.· ·Lee. | | | | | 14· · · · Q.· ·Mr. Vartan. | | | | 15· · · · · · ·You go on to say: | | | | 16· · · · · · · · · "I did not want the boat to travel to | | | | 17· · · · · · ·New York, and, after consulting with | | | | 18· · · · · · ·counsel, directed instead that it proceed | | | | 19· · · · · · ·to Europe as had been long planned at | | | | 20· · · · · · ·significant expense." | | | | 21· · · · · · ·Who is the counsel you consulted with with | | | | 22· ·regard to directing the boat to proceed to Europe? | | | 23· · · · A.· ·Lee. | | | | | 24· · · · Q.· ·You're referring to Mr. Vartan again, who | | | | 25· ·is the counsel that directed -- gave you the advice | |

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| Page 174<br>·1· · · · · · · · · · · · · M. Guo | |-----------------------------------------------------------| | ·2· ·with regard to proceeding to Europe despite being | | ·3· ·aware of the Court's order to return the boat to | | ·4· ·New York? | | ·5· · · · · · ·MR. VARTAN:· Objection. | | ·6· · · · A.· ·At that time he was my counsel. | | ·7· ·BY MR. LUFT: | | ·8· · · · Q.· ·Is he the counsel who gave you the advice? | | ·9· · · · A.· ·Yes. | | 10· · · · Q.· ·So to be clear, you were aware that if the | | 11· ·Lady May was not returned to New York by May 15, | | 12· ·2021, your father would incur fines of \$500,000 a | | 13· ·day, but in response you consulted with counsel and | | 14· ·instead directed the Lady May to proceed to Europe; | | 15· ·is that correct? | | 16· · · · A.· ·Yes. | | 17· · · · Q.· ·Do you recall when the Lady May's repairs | | 18· ·in the winter -- the winter months, January, | | 19· ·February, March, whenever they may have been -- of | | 20· ·2021 were completed? | | 21· · · · A.· ·I don't recall the details. | | 22· · · · Q.· ·What's your best recollection of when | | 23· ·those repairs were completed? | | 24· · · · A.· ·2021.· I really don't remember. | | 25· · · · Q.· ·But as you state in 15, it was after those |

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| Page 175<br>·1· · · · · · · · · · · · · M. Guo | |-----------------------------------------------------------| | ·2· ·repairs were completed that your brother asked if he | | ·3· ·could use the Lady May in Europe, correct? | | ·4· · · · · · ·MR. VARTAN:· Looking at Guo 1, | | ·5· · · · paragraph 15? | | ·6· · · · · · ·MR. LUFT:· I'm just asking her. | | ·7· · · · · · ·MR. VARTAN:· You said 15.· Again, I want | | ·8· · · · her to be aware of where you're reading from. | | ·9· · · · · · ·MR. LUFT:· Okay, Mr. Vartan. | | 10· ·BY MR. LUFT: | | 11· · · · Q.· ·Go ahead, Ms. Guo. | | 12· · · · · · ·MR. VARTAN:· Look at Guo 1, paragraph 15. | | 13· · · · A.· ·Just one moment. | | 14· · · · · · ·MR. LUFT:· It's your affidavit. | | 15· · · · · · ·We are just once again wasting time on the | | 16· · · · record because your counsel wants to show you | | 17· · · · documents. | | 18· · · · · · ·MR. VARTAN:· I would just refer you to | | 19· · · · your question.· You said -- | | 20· · · · · · ·MR. LUFT:· Mr. Vartan, I was helping her | | 21· · · · to give her a placing. | | 22· · · · · · ·MR. VARTAN:· But as you stated -- | | 23· · · · · · ·MR. LUFT:· This is her testimony. | | 24· · · · · · ·MR. VARTAN:· Right, but you said "as you | | 25· · · · stated in 15," so it would only be fair that |

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| Page 176<br>·1· · · · · · · · · · · · · M. Guo | |-----------------------------------------------------------| | ·2· · · · she have access to the document. | | ·3· ·BY MR. LUFT: | | ·4· · · · Q.· ·Ms. Guo, you told me Mr. Vartan drafted | | ·5· ·your affidavit.· He seems very concerned that you're | | ·6· ·not familiar with the facts in it. | | ·7· · · · · · ·Did you review this affidavit before you | | ·8· ·signed it? | | ·9· · · · · · ·MR. VARTAN:· You don't have to answer | | 10· · · · that. | | 11· ·BY MR. LUFT: | | 12· · · · Q.· ·Yes, you do. | | 13· · · · A.· ·Yes, of course I reviewed it.· It's just | | 14· ·that my counsel knows that I have a bad memory. | | 15· · · · Q.· ·Now that you have it in front of you, do | | 16· ·you recall that you gave a sworn statement that: | | 17· · · · · · · · · "The Lady May underwent needed | | 18· · · · · · ·inspections and maintenance, and when | | 19· · · · · · ·completed my brother, who resides in | | 20· · · · · · ·Europe, asked if he could have access to | | 21· · · · · · ·the yacht"? | | 22· · · · A.· ·Yes, correct. | | 23· · · · Q.· ·As we discussed, you are aware that the | | 24· ·hearing transcript that we have been looking at from | | 25· ·February 2, 2022, was based on the direction from |

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| ·1· · · · · · · · · · · · · M. Guo | Page 177 | |-----------------------------------------------------------|----------| | ·2· ·the appellate division to conduct an evidentiary | | | ·3· ·hearing to resolve the dispute as to ownership and | | | ·4· ·control of the Lady May, correct? | | | ·5· · · · · · ·MR. VARTAN:· Objection. | | | ·6· · · · A.· ·I am aware. | | | ·7· ·BY MR. LUFT: | | | ·8· · · · Q.· ·You've said that you take the Lady May to | | | ·9· ·Florida and the Bahamas in the winter, correct? | | | 10· · · · A.· ·Yes. | | | 11· · · · Q.· ·Do you ever take it to the Cayman Islands | | | 12· ·for repairs or registration? | | | 13· · · · A.· ·Where is the Cayman Islands? | | | 14· · · · Q.· ·Do you ever take it to the British Virgin | | | 15· ·Islands for repairs or registration? | | | 16· · · · A.· ·Where are those islands? | | | 17· · · · Q.· ·Did you ever make any communications with | | | 18· ·anyone at BakerHostetler in connection with the PAX | | | 19· ·litigation against your father? | | | 20· · · · A.· ·I don't recall. | | | 21· · · · Q.· ·Ms. Guo, why did you consent to allow the | | | 22· ·Lady May to return to the United States from Europe? | | | 23· · · · A.· ·Because if the boat was still not | | | 24· ·returning, it seemed like my dad would have a threat | | | 25· ·to his life.· And it seems like the boat was used as | |

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| ·1· · · · · · · · · · · · · M. Guo | Page 178 | |-----------------------------------------------------------|----------| | ·2· ·a tool to keep my dad's security. | | | ·3· · · · Q.· ·Did you ever think to do it sooner than | | | ·4· ·before he had incurred \$130 million in fines? | | | ·5· · · · · · ·MR. VARTAN:· Objection, argumentative. | | | ·6· ·BY MR. LUFT: | | | ·7· · · · Q.· ·Well, I'm just asking. | | | ·8· · · · A.· ·No. | | | ·9· · · · Q.· ·Are you aware that the Lady May was | | | 10· ·offered to be distributed or to be sold and its | | | 11· ·value distributed to creditors of your father's | | | 12· ·estate as part of a plan he proposed to the | | | 13· ·bankruptcy court? | | | 14· · · · A.· ·Yes.· I've heard about it from my counsel. | | | 15· · · · Q.· ·Were you consulted prior to the Lady May | | | 16· ·being offered up to pay for your father's creditors? | | | 17· · · · A.· ·What do you remember -- or, sorry, what do | | | 18· ·you mean?· Could you ask that again? | | | 19· · · · Q.· ·Prior to the Lady May being included in | | | 20· ·your father's proposed bankruptcy plan as an asset | | | 21· ·whose value could be distributed to the creditors, | | | 22· ·did anyone consult with you to see if you agreed | | | 23· ·that you would hand over the Lady May and allow it | | | 24· ·to be used to pay off your father's creditors? | | | 25· · · · A.· ·Yes. | |

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| ·1· · · · · · · · · · · · · M. Guo | Page 179 | |----------------------------------------------------------|----------| | ·2· · · · Q.· ·Who spoke to you about it? | | | ·3· · · · A.· ·My counsel. | | | ·4· · · · Q.· ·Who was that? | | | ·5· · · · A.· ·I can't remember that clearly. | | | ·6· · · · Q.· ·This would have just been this past | | | ·7· ·spring.· Who was your counsel in connection with | | | ·8· ·your father's bankruptcy this past spring? | | | ·9· · · · A.· ·I really can't remember. | | | 10· · · · Q.· ·Mr. Vartan was not your bankruptcy | | | 11· ·counsel, correct? | | | 12· · · · A.· ·He's my counsel. | | | 13· · · · Q.· ·But he wasn't your counsel for bankruptcy | | | 14· ·purposes in April of 2022, correct? | | | 15· · · · A.· ·That's correct.· He wasn't. | | | 16· · · · Q.· ·Do you recall who was your counsel that | | | 17· ·spoke to you about the possibility of including the | | | 18· ·Lady May as an asset for your father to distribute | | | 19· ·to his creditors? | | | 20· · · · A.· ·I don't recall. | | | 21· · · · Q.· ·Did your father ever speak to you about | | | 22· ·using the Lady May to pay off his creditors? | | | 23· · · · A.· ·No. | | | 24· · · · Q.· ·Did your mother ever speak to you about | | | 25· ·using the Lady May to pay off your father's | |

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| ·1· · · · · · · · · · · · · M. Guo | Page 180 | | |-----------------------------------------------------------|----------|--| | ·2· ·creditors? | | | | ·3· · · · A.· ·No. | | | | ·4· · · · Q.· ·Did anyone ever -- from the firm of | | | | ·5· ·Brown Rudnick ever speak to you with regard to using | | | | ·6· ·the Lady May to pay off Mr. Kwok's creditors? | | | | ·7· · · · A.· ·Could you repeat the name of the firm? | | | | ·8· · · · Q.· ·Brown Rudnick. | | | | ·9· · · · A.· ·I don't recall. | | | | 10· · · · Q.· ·Would you allow the Lady May to be used | | | | 11· ·today to pay off your father's creditors as part of | | | | 12· ·the plan? | | | | 13· · · · · · ·MR. VARTAN:· Objection. | | | | 14· · · · A.· ·What would be the difference between today | | | | 15· ·and when I gave consent previously?· I don't quite | | | | 16· ·understand your question. | | | | 17· ·BY MR. LUFT: | | | | 18· · · · Q.· ·It's not meant to be a riddle, Ms. Guo. | | | | 19· ·I'm asking you because I have to ask in stages.<br>I | | | | 20· ·asked then. | | | | 21· · · · · · ·So I'm asking you today, would you consent | | | | 22· ·to the Lady May being used as an asset to pay off | | | | 23· ·your father's creditors as part of a plan, a | | | | 24· ·Chapter 11 plan? | | | | 25· · · · · · ·MR. VARTAN:· Objection. | | | | | | |

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Page 181 ·1· · · · · · · · · · · · · M. Guo ·2· · · · A.· ·For my dad's security, I do agree. ·3· ·BY MR. LUFT: ·4· · · · Q.· ·Ms. Guo, I think I asked you earlier if ·5· ·you ever attended any of the bankruptcy court ·6· ·hearings. ·7· · · · · · ·Do you recall that? ·8· · · · A.· ·Yes. ·9· · · · Q.· ·And I believe you told me you have not 10· ·attended any of those hearings, correct? 11· · · · A.· ·Yes. 12· · · · Q.· ·And does that include -- and when I say 13· ·that, I mean both virtual hearings and in-person 14· ·hearings? 15· · · · A.· ·Yes. 16· · · · Q.· ·So did you ever -- have you ever listened 17· ·in to any of the bankruptcy court hearings in your 18· ·father's bankruptcy court case? 19· · · · A.· ·No. 20· · · · · · ·MR. LUFT:· Why don't we take a short 21· · · · break. 22· · · · · · ·MR. VARTAN:· Sure. 23· · · · · · ·THE VIDEOGRAPHER:· It is 6:06 p.m.· We're 24· · · · going off the record. 25· · · · · · ·(Recess.)

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| ·1· · · · · · · · · · · · · M. Guo | Page 182 | |-----------------------------------------------------------|----------| | ·2· · · · · · ·THE VIDEOGRAPHER:· Time is 6:28 p.m.· We | | | ·3· · · · are back on the record. | | | ·4· ·BY MR. LUFT: | | | ·5· · · · Q.· ·Ms. Guo, I want to ask you about -- we | | | ·6· ·talked about the boat returning to the | | | ·7· ·United States. | | | ·8· · · · · · ·I want to now ask you about -- there was a | | | ·9· ·hearing in the bankruptcy court on April 13 in which | | | 10· ·an issue with regard to posting a bond equal to the | | | 11· ·value of the boat, approximately \$37 million, came | | | 12· ·up. | | | 13· · · · · · ·Are you familiar with that hearing? | | | 14· · · · A.· ·Yes. | | | 15· · · · Q.· ·When did you first hear about the | | | 16· ·possibility of Hong Kong International having to | | | 17· ·post the bond? | | | 18· · · · A.· ·That would be on that same day. | | | 19· · · · Q.· ·How did you hear about it? | | | 20· · · · A.· ·I received a phone call from my counsel. | | | 21· · · · Q.· ·Who was that counsel? | | | 22· · · · A.· ·Aaron Mitchell. | | | 23· · · · · · ·MR. LUFT:· Aaron Mitchell?· Is that what | | | 24· · · · she said? | | | 25· · · · · · ·THE INTERPRETER:· Aaron Mitchell. | | | | |

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Page 183 ·1· · · · · · · · · · · · · M. Guo ·2· ·BY MR. LUFT: ·3· · · · Q.· ·You spoke to Mr. Mitchell about this ·4· ·issue? ·5· · · · A.· ·What issues are you referring to, going to ·6· ·the Court?· No, I mean about that hearing? ·7· · · · Q.· ·Let me take a step back. ·8· · · · · · ·At the time Mr. Mitchell was your counsel ·9· ·and he was also your father's counsel, correct? 10· · · · A.· ·Yes. 11· · · · Q.· ·+ What did Mr. Mitchell tell you on that 12· ·phone call? 13· · · · · · ·MR. VARTAN:· And I would just caution, now 14· · · · this is getting into conversations that you're 15· · · · having with your attorney. 16· · · · · · ·So I'm assuming you're not looking for 17· · · · privileged information. 18· · · · · · ·MR. LUFT:· No, I am, because that 19· · · · privilege has been waived.· It's owned by the 20· · · · trustee, and the Court has ruled that any joint 21· · · · defense communications and common interest 22· · · · communications between Mr. Kwok's counsel and 23· · · · anyone else's are -- belongs to the trustee. 24· · · · · · ·MR. VARTAN:· He was acting in her -- in 25· · · · the capacity as her counsel.

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| ·1· · · · · · · · · · ·M. Guo | | |------------------------------------------------------|--| | ·2· · · · MR. LUFT:· And Mr. Kwok's counsel. | | | ·3· · · · MR. ROMNEY:· I've been very quiet | | | ·4· ·throughout this deposition, but I was involved | | | ·5· ·in that process. | | | ·6· · · · That was a communication between | | | ·7· ·Aaron Mitchell in his capacity as Mei and HK's | | | ·8· ·counsel.· The debtor was not present for that | | | ·9· ·communication. | | | 10· · · · We are instructing the witness not to | | | 11· ·divulge those communications. | | | 12· · · · MR. LUFT:· I don't understand the | | | 13· ·objection.· It doesn't matter if Mr. Kwok is | | | 14· ·present when they're happening. | | | 15· · · · Mr. Mitchell is at a hearing at which he | | | 16· ·is serving as counsel for both Mr. Kwok -- in | | | 17· ·fact, he was -- and I guess also Ms. Guo.· She | | | 18· ·had other counsel who was her exclusive | | | 19· ·counsel.· The counsel that she shares with her | | | 20· ·father spoke to her. | | | 21· · · · The court order is very clear that any | | | 22· ·common interest and joint defense | | | 23· ·communications with the defendant are -- belong | | | 24· ·to the trustee, and the trustee is entitled to | | | 25· ·know it.· So I don't see any basis for which | |

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| ·1· · · · · · · · · · ·M. Guo | Page 185 | |------------------------------------------------------|----------| | ·2· ·you guys to object for privilege. | | | ·3· · · · MR. ROMNEY:· That's not a common interest | | | ·4· ·privileged communication.· It's an | | | ·5· ·attorney-client privileged communication. | | | ·6· ·You're free to make that argument to a judge. | | | ·7· ·We will make our argument to a judge, and the | | | ·8· ·judge will rule. | | | ·9· · · · MR. LUFT:· Okay.· All common interest and | | | 10· ·joint defense communications are | | | 11· ·attorney-client communications.· You have to | | | 12· ·have an attorney-client communication for it to | | | 13· ·be joint defense and common interest. | | | 14· · · · If you'd like, we can go off the record | | | 15· ·and you could speak to Mr. Mitchell, but I | | | 16· ·don't understand how you're telling me that | | | 17· ·while he's representing Mr. Kwok and speaking | | | 18· ·about an issue relating to him, he is | | | 19· ·somehow -- the part of his brain he was | | | 20· ·speaking with was not joint. | | | 21· · · · MR. ROMNEY:· That is not the law.<br>A | | | 22· ·lawyer who represents two clients is not | | | 23· ·engaging in a joint interest privileged | | | 24· ·communication when they're speaking with either | | | 25· ·one of their clients individually. | |

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| ·1· · · · · · · · · · ·M. Guo | Page 186 | | |------------------------------------------------------|----------|--| | ·2· · · · MR. LUFT:· About an issue impacting both | | | | ·3· ·of them. | | | | ·4· · · · MR. ROMNEY:· We respectfully disagree with | | | | ·5· ·your view on it, and a Court will address it if | | | | ·6· ·that's what needs to happen. | | | | ·7· · · · MR. LUFT:· Are you directing her not to | | | | ·8· ·answer? | | | | ·9· · · · MR. VARTAN:· Yes.· You said you're asking | | | | 10· ·for privileged communications. | | | | 11· · · · MR. LUFT:· I'm asking about her | | | | 12· ·communications with Mr. Mitchell.· Mr. Pin^ now | | | | 13· ·owns that privilege. | | | | 14· · · · MR. VARTAN:· He does not own her | | | | 15· ·privilege.· She's not the debtor. | | | | 16· · · · MR. LUFT:· Are you aware of what the | | | | 17· ·privilege order says in this case? | | | | 18· · · · MR. VARTAN:· I'm not. | | | | 19· · · · MR. LUFT:· Okay. | | | | 20· · · · MR. VARTAN:· She's not the debtor. | | | | 21· · · · MR. LUFT:· Maybe you and I should not be | | | | 22· ·talking about this. | | | | 23· · · · MR. ROMNEY:· That's why I spoke for the | | | | 24· ·first time on the record today.· Because I'm | | | | 25· ·the human being who negotiated that order on | | |

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| ·1· · · · · · · · · · · · · M. Guo | Page 187 | |-----------------------------------------------------------|----------| | ·2· · · · behalf of the debtor.· And I'm very familiar | | | ·3· · · · with it. | | | ·4· · · · · · ·And I agree with your characterization of | | | ·5· · · · the order.· I disagree with your | | | ·6· · · · characterization of the communication as a | | | ·7· · · · joint interest privileged communication. | | | ·8· · · · · · ·MR. LUFT:· Okay.· I'm just asking. | | | ·9· · · · · · ·So you're instructing her not to answer? | | | 10· · · · · · ·MR. VARTAN:· Correct. | | | 11· ·BY MR. LUFT: | | | 12· · · · Q.· ·Are you going to follow your counsel's | | | 13· ·instruction? | | | 14· · · · A.· ·That's right. | | | 15· · · · · · ·MR. LUFT:· Okay.· We're going reserve the | | | 16· · · · right to reopen the deposition or keep the | | | 17· · · · deposition open as to that issue. | | | 18· · · · · · ·MR. VARTAN:· Sure. | | | 19· ·BY MR. LUFT: | | | 20· · · · Q.· ·Okay.· Did Mr. Mitchell have any | | | 21· ·communications with you -- | | | 22· · · · · · ·MR. LUFT:· Well, am I correct that I'm not | | | 23· · · · allowed to ask her about anything Mr. Mitchell | | | 24· · · · discussed with her despite him also being | | | 25· · · · Mr. Kwok's counsel and acting as Mr. Kwok's | | | | |

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| | ·1· · · · · · · · · · · · · M. Guo | Page 188 | |--------------------|-----------------------------------------------------------|----------| | | ·2· · · · counsel at that hearing? | | | | ·3· · · · · · ·MR. VARTAN:· That's correct. | | | ·4· ·BY MR. LUFT: | | | | | ·5· · · · Q.· ·After you spoke to Mr. Mitchell, what did | | | ·6· ·you do? | | | | | ·7· · · · A.· ·I made a call. | | | | ·8· · · · Q.· ·Who did you call? | | | | ·9· · · · A.· ·The first call? | | | | 10· · · · Q.· ·Yes.· Start with the first one. | | | | 11· · · · A.· ·Uncle William. | | | | 12· · · · Q.· ·Who is Uncle William? | | | | 13· · · · A.· ·He's a family friend we've known for many, | | | | 14· ·many years.· I call him "Uncle." | | | | 15· · · · Q.· ·And does Uncle William have a last name? | | | | 16· · · · A.· ·In Chinese it's Yu, Y-U. | | | | 17· · · · Q.· ·And in English, is it pronounced | | | 18· ·William "Je"? | | | | | 19· · · · A.· ·I think so. | | | | 20· · · · Q.· ·And what did you say to Uncle William? | | | | 21· · · · A.· ·I told him about the conditions at that | | | | 22· ·time, and I said I needed to borrow some money, | | | | 23· ·otherwise my dad would face safety risks. | | | | 24· · · · Q.· ·What did you tell him were the conditions | | | 25· ·at the time? | | |

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Page 189 ·1· · · · · · · · · · · · · M. Guo ·2· · · · A.· ·Before the boat returned, I needed to ·3· ·borrow money that would be \$37 million.· And once ·4· ·the boat returned, the money would be paid back. ·5· · · · Q.· ·Did you tell him anything else? ·6· · · · · · ·I'm going to ask you, in as much detail as ·7· ·possible, try to recall everything you said to ·8· ·Mr. Je on that phone call and everything he said to ·9· ·you. 10· · · · A.· ·That day, I made this call while feeling 11· ·extremely frightened.· I can't recall many details. 12· ·This is just the information that I recall now. 13· · · · Q.· ·Do you recall anything else about your 14· ·phone call with William Je? 15· · · · A.· ·I recall that he said yes to me. 16· · · · Q.· ·Yes, that he would lend you \$37 million? 17· · · · A.· ·Yes. 18· · · · Q.· ·Did he say anything else? 19· · · · A.· ·He confirmed twice to make sure that the 20· ·money would just be there temporarily, as like in a 21· ·bridging fund.· I said yes.· So he agreed very 22· ·quickly. 23· · · · Q.· ·Do you recall anything else, any other 24· ·terms or details included in the phone call? 25· · · · A.· ·No.

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| Page 190<br>·1· · · · · · · · · · · · · M. Guo | |-----------------------------------------------------------| | ·2· · · · Q.· ·Do you recall having any discussion | | ·3· ·with -- regarding whether the money would have to be | | ·4· ·used to pay for repairs to the boat? | | ·5· · · · A.· ·I was in great panic that day.· So no. | | ·6· · · · Q.· ·No, you don't recall, or no, you didn't | | ·7· ·discuss the fact that the money would have to be | | ·8· ·used to pay for repairs to the Lady May? | | ·9· · · · A.· ·On that phone call, no. | | 10· · · · Q.· ·Again, what is the "no" referring to?· No, | | 11· ·you don't recall if you said it, or no, you did not | | 12· ·discuss the repairs? | | 13· · · · A.· ·I did not discuss the repairs. | | 14· · · · Q.· ·Did you discuss if there would be interest | | 15· ·charged for this loan? | | 16· · · · A.· ·No. | | 17· · · · Q.· ·Was there anyone on the phone with you | | 18· ·other than you and Uncle William? | | 19· · · · A.· ·No. | | 20· · · · Q.· ·Did you have Mr. Je's number readily | | 21· ·available? | | 22· · · · A.· ·No. | | 23· · · · Q.· ·How did you get Mr. Je's phone number? | | 24· · · · A.· ·I always had his number. | | 25· · · · Q.· ·Did you speak to anyone other than Mr. Je | | |

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| | Page 191 | |-----------------------------------------------------------|----------| | ·1· · · · · · · · · · · · · M. Guo | | | ·2· ·about getting the loan? | | | ·3· · · · A.· ·No. | | | ·4· · · · Q.· ·After you got off -- how long was your | | | ·5· ·phone call with Mr. Je? | | | ·6· · · · A.· ·Probably only five or six minutes. | | | ·7· · · · Q.· ·Is there anything else you recall about | | | ·8· ·that phone call that you have not told me yet? | | | ·9· · · · A.· ·I don't recall. | | | 10· · · · Q.· ·After you got off the phone with Mr. Je, | | | 11· ·what did you do next? | | | 12· · · · A.· ·I had a drink. | | | 13· · · · Q.· ·After you finished your drink. | | | 14· · · · · · ·Let me ask:· Where were you that you had a | | | 15· ·drink?· That sounds great.· You have one now. | | | 16· · · · A.· ·It was at my own home. | | | 17· · · · Q.· ·So you were home when you got the phone | | | 18· ·call? | | | 19· · · · · · ·CHECK INTERPRETER:· Did you say "make" the | | | 20· · · · phone call or "got" the phone call? | | | 21· · · · · · ·MR. LUFT:· I said made the phone call, | | | 22· · · · but -- made the phone call. | | | 23· ·BY MR. LUFT: | | | 24· · · · Q.· ·And after you finished your drink, what | | | 25· ·did you do? | | | | |

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Page 192 ·1· · · · · · · · · · · · · M. Guo ·2· · · · A.· ·I don't recall.· I was really anxious ·3· ·throughout that whole day. ·4· · · · Q.· ·Do you recall anything else that you did ·5· ·that day after you spoke with Mr. Je on that first ·6· ·phone call? ·7· · · · A.· ·I don't recall. ·8· · · · Q.· ·Do you recall if you called back ·9· ·Mr. Mitchell and told him you got the loan? 10· · · · A.· ·I don't recall. 11· · · · Q.· ·Do you recall if you spoke to anyone to 12· ·tell them that you got the loan? 13· · · · A.· ·I don't recall. 14· · · · Q.· ·Do you know how anyone else would know -- 15· ·would anyone other than you and Mr. Je know that you 16· ·got the loan? 17· · · · · · ·MR. VARTAN:· Objection. 18· · · · A.· ·I don't know. 19· ·BY MR. LUFT: 20· · · · Q.· ·Okay.· Did you speak to anyone on this 21· ·topic on April 13 other than that one phone call 22· ·with Mr. Je and the initial phone call from 23· ·Mr. Mitchell before you spoke to Mr. Je? 24· · · · A.· ·I don't remember. 25· · · · Q.· ·Do you remember the next time you spoke to

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| ·1· · · · · · · · · · · · · M. Guo | Page 193 | |-----------------------------------------------------------|----------| | ·2· ·anyone with regard to this topic? | | | ·3· · · · A.· ·I don't remember. | | | | | | ·4· · · · Q.· ·Do you recall having any conversations | | | ·5· ·with anyone other than Mr. Je in that phone call | | | ·6· ·we've discussed and the initial phone call you had | | | ·7· ·with Mr. Mitchell leading up to your phone call with | | | ·8· ·Mr. Je with regard to the topic of the \$37 million | | | ·9· ·loan and its terms? | | | 10· · · · · · ·MR. VARTAN:· Other than her attorneys? | | | 11· · · · · · ·MR. LUFT:· No.· My question does not | | | 12· · · · include your question. | | | 13· ·BY MR. LUFT: | | | 14· · · · Q.· ·You can answer. | | | 15· · · · A.· ·I don't remember the exact time, but I did | | | 16· ·speak with my counsel. | | | 17· · · · Q.· ·When did you speak with your counsel? | | | 18· · · · A.· ·I don't remember. | | | 19· · · · Q.· ·Who did you speak with? | | | 20· · · · A.· ·I think it might have been the counsel | | | 21· ·from Connecticut, but I can't remember. | | | 22· · · · Q.· ·Did you ever have any conversations with | | | 23· ·Mr. Mitchell again on this topic? | | | 24· · · · A.· ·I don't remember. | | | 25· · · · Q.· ·Are you familiar with the terms of the | | | | |

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| ·1· · · · · · · · · · · · · M. Guo | Page 194 | |-----------------------------------------------------------|----------| | ·2· ·\$37 million loan? | | | ·3· · · · A.· ·Yes.· I've read them. | | | ·4· · · · Q.· ·When you spoke to Mr. Je originally, did | | | ·5· ·he tell you what -- which entity was going to make | | | ·6· ·you the loan? | | | ·7· · · · A.· ·No. | | | ·8· · · · Q.· ·Do you recall that originally that it | | | ·9· ·was -- the loan was to come from ACA Capital? | | | 10· · · · A.· ·I don't recall. | | | 11· · · · Q.· ·Your father has a history of working with | | | 12· ·ACA Capital, correct? | | | 13· · · · · · ·MR. VARTAN:· Objection. | | | 14· · · · A.· ·I don't know. | | | 15· ·BY MR. LUFT: | | | 16· · · · Q.· ·Were you involved in negotiating any of | | | 17· ·the terms of the loan agreement? | | | 18· · · · A.· ·I don't recall. | | | 19· · · · Q.· ·You don't recall if you were involved in | | | 20· ·any of the negotiations of the loan agreement for | | | 21· ·\$37 million? | | | 22· · · · A.· ·That's correct.· My counsel did. | | | 23· · · · Q.· ·Did your counsel inform you that | | | 24· ·originally you were not to be -- let me strike that. | | | 25· · · · · · ·Ms. Guo, are you aware that under the | | | | |

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| Page 195<br>·1· · · · · · · · · · · · · M. Guo | |-----------------------------------------------------------| | ·2· ·final terms of the agreement you are personally | | ·3· ·liable for guaranteeing the \$37 million loan? | | ·4· · · · A.· ·I am aware. | | ·5· · · · Q.· ·Are you aware that in earlier versions of | | ·6· ·the agreement, the loan was to be secured by the | | ·7· ·Lady May and not by you yourself personally? | | ·8· · · · A.· ·Yes, I remember that. | | ·9· · · · Q.· ·Why was that change made? | | 10· · · · · · ·MR. VARTAN:· If that calls for | | 11· · · · conversations you had with counsel, again, you | | 12· · · · can't answer that. | | 13· · · · A.· ·Based on the counsel's advice. | | 14· ·BY MR. LUFT: | | 15· · · · Q.· ·+ So counsel advised you to personally | | 16· ·guarantee the loan? | | 17· · · · · · ·MR. VARTAN:· I'll instruct you not to | | 18· · · · answer.· Calls for privileged information. | | 19· · · · · · ·MR. LUFT:· I'm just clarifying her answer. | | 20· · · · I just want to understand what she said. | | 21· · · · · · ·MR. VARTAN:· You asked her what her | | 22· · · · counsel advised her. | | 23· · · · · · ·MR. LUFT:· No.· She told me "based on | | 24· · · · advice of counsel."· I just want to make sure I | | 25· · · · understand her answer. |

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| Page 196<br>·1· · · · · · · · · · · · · M. Guo | |------------------------------------------------------------| | ·2· · · · · · ·MR. VARTAN:· Right.· I'm instructing her | | ·3· · · · not to answer. | | ·4· · · · · · ·MR. LUFT:· Okay. | | ·5· ·BY MR. LUFT: | | ·6· · · · Q.· ·You're going to follow your counsel's | | ·7· ·advice? | | ·8· · · · A.· ·That's correct. | | ·9· · · · Q.· ·Who negotiated the interest rate on the | | 10· ·loan? | | 11· · · · A.· ·My counsel. | | 12· · · · Q.· ·You agreed to pay that interest rate, | | 13· ·3 percent per month? | | 14· · · · A.· ·Yes, I agreed. | | 15· · · · Q.· ·And that \$37 million, that's approximately | | 16· ·\$1.1 million a month, correct? | | 17· · · · A.· ·Probably.· I didn't do the calculation. | | 18· · · · Q.· ·What funds were you going to use to pay | | 19· ·\$1.1 million per month worth of interest? | | 20· · · · A.· ·When I agreed to this, I actually didn't | | 21· ·expect that I would ever need to make the payment | | 22· ·because I was really confident that the boat would | | 23· ·be back on time and the money would be back into the | | 24· ·account. | | 25· · · · · · ·And ^judgments are great.· I never |

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| | Page 197<br>·1· · · · · · · · · · · · · M. Guo | |----|-----------------------------------------------------------| | | ·2· ·expected that I would need to pay the money. | | | ·3· · · · Q.· ·You didn't expect there would be any | | | ·4· ·period of time between when the boat returned to the | | | ·5· ·United States and when the money could be returned | | | ·6· ·to the lender? | | | ·7· · · · A.· ·At that time, I only had several days to | | | ·8· ·borrow the money and sign the document.· I didn't | | | ·9· ·really think about it that much. | | | 10· · · · Q.· ·What about the money that would be needed | | | 11· ·to repair the boat?· Where was that going to come | | | 12· ·from? | | | 13· · · · A.· ·The insurance would pay part of it.· My | | | 14· ·brother would pay part of it for me. | | | 15· · · · Q.· ·Did Mr. Je ever tell you that he was going | | | 16· ·to charge you a million dollars a month to borrow | | | 17· ·the money? | | | 18· · · · A.· ·I don't recall. | | | 19· · · · Q.· ·Did you ever think to see if there was | | | 20· ·anyone who was going to charge you less of a | | | 21· ·usurious loan rate? | | | 22· · · · · · ·MR. VARTAN:· Objection. | | | 23· · · · A.· ·Could you repeat that question?· I don't | | | 24· ·understand it. | | 25 | |

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Page 198 ·1· · · · · · · · · · · · · M. Guo ·2· ·BY MR. LUFT: ·3· · · · Q.· ·Sure. ·4· · · · · · ·Did you ever see if anyone would charge ·5· ·you less than 3 percent interest per month to borrow ·6· ·the money? ·7· · · · A.· ·No. ·8· · · · Q.· ·Do you know if anyone else reached out to ·9· ·any other lenders other than Mr. Je to provide the 10· ·money? 11· · · · A.· ·I don't know. 12· · · · Q.· ·Did you ever ask your brother if he would 13· ·lend you the money to pay for the bond in connection 14· ·with your father's bankruptcy? 15· · · · A.· ·No. 16· · · · Q.· ·Did you have to provide any due diligence 17· ·documents to Mr. Je prior to him loaning you 18· ·\$37 million? 19· · · · · · ·MR. VARTAN:· Objection to "due diligence 20· · · · documents."· I don't know if that definition is 21· · · · clear. 22· · · · A.· ·No. 23· ·BY MR. LUFT: 24· · · · Q.· ·And the loan that Mr. Je gave you for 25· ·\$37 million without seeing any due diligence

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| Page 199<br>·1· · · · · · · · · · · · · M. Guo | |-----------------------------------------------------------| | ·2· ·documents is unsecured, correct? | | ·3· · · · · · ·MR. VARTAN:· Objection. | | ·4· · · · A.· ·I don't quite understand what is meant by | | ·5· ·"unsecured." | | ·6· ·BY MR. LUFT: | | ·7· · · · Q.· ·Mr. Je didn't receive any security | | ·8· ·interest in connection with his loan, correct? | | ·9· · · · · · ·MR. VARTAN:· Same objection.· I don't know | | 10· · · · if she knows what "security interest" means. | | 11· · · · · · ·THE INTERPRETER:· The interpreter is not | | 12· · · · quite sure about security interest, so we were | | 13· · · · talking about the proper translation of | | 14· · · · security interest. | | 15· · · · · · ·MR. LUFT:· How do you say "security | | 16· · · · interest"? | | 17· · · · · · ·MS. SONG:· In what context? | | 18· · · · · · ·MR. VARTAN:· I don't know that security | | 19· · · · interest means a lien.· If you want to ask | | 20· · · · about a lien, ask about a lien. | | 21· · · · · · ·CHECK INTERPRETER:· Is it like a schedule | | 22· · · · or guarantee? | | 23· · · · · · ·MR. VARTAN:· Right.· I would consider a | | 24· · · · personal guarantee to be a security interest. | | 25· · · · · · ·MR. LUFT:· No.· I'm sure Mr. Zeisler will | | |

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Page 200 ·1· · · · · · · · · · · · · M. Guo ·2· · · · tell you that's not -- ·3· · · · · · ·MR. VARTAN:· I'm not a bankruptcy ·4· · · · attorney. ·5· · · · · · ·MR. LUFT:· That's why I am suggesting you ·6· · · · not jump in. ·7· · · · · · ·MR. VARTAN:· I'm giving my non-bankruptcy ·8· · · · perspective. ·9· · · · · · ·MR. ROMNEY:· A personal guarantee is 10· · · · probably security.· It's not a security 11· · · · interest.· A lien is a type of security 12· · · · interest, but it's not the only. 13· · · · · · ·MR. VARTAN:· I was 50 percent right.· It's 14· · · · 7:00. 15· · · · · · ·MR. LUFT:· I don't know if it's 16· · · · 50 percent. 17· · · · · · ·THE INTERPRETER:· I was explaining the 18· · · · translation of the term to the witness. 19· · · · A.· ·So you're asking me about whether there 20· ·was a security interest; is that correct? 21· ·BY MR. LUFT: 22· · · · Q.· ·Why don't we just -- I'll repeat my 23· ·question. 24· · · · A.· ·Thank you. 25· · · · Q.· ·And the loan that Mr. Je gave you for

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Page 201 ·1· · · · · · · · · · · · · M. Guo ·2· ·\$37 million without seeing any due diligence ·3· ·documents was unsecured, correct? ·4· · · · · · ·MR. VARTAN:· Same objection. ·5· · · · A.· ·I think for him, the security would be ·6· ·that we were certain and told him that once the boat ·7· ·is back, the money would be back.· That's the ·8· ·security. ·9· ·BY MR. LUFT: 10· · · · Q.· ·Okay.· Did you provide any 11· ·know-your-customer documents to Mr. Je in connection 12· ·with the loan? 13· · · · · · ·MR. VARTAN:· Objection. 14· · · · A.· ·I don't know what that is. 15· ·BY MR. LUFT: 16· · · · Q.· ·Did you read the terms of the loan 17· ·agreement? 18· · · · · · ·Well, who's the loan agreement between -- 19· ·with Hong Kong International funds with? 20· · · · A.· ·I did read the terms.· That's with 21· ·Himalaya Financial Group.· I don't know about the 22· ·Chinese. 23· · · · Q.· ·What business is Himalaya Financial Group 24· ·in? 25· · · · A.· ·I don't know.

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| | | Page 202 | |----------------------|----------------------------------------------------------|----------| | | ·1· · · · · · · · · · · · · M. Guo | | | | ·2· · · · Q.· ·Do you understand that they issued -- do | | | | ·3· ·you understand they issue cryptocurrency? | | | | ·4· · · · · · ·MR. VARTAN:· Objection. | | | | ·5· · · · A.· ·I don't know. | | | ·6· ·BY MR. LUFT: | | | | | ·7· · · · Q.· ·Did you ever hear of H Coin? | | | | ·8· · · · · · ·MR. VARTAN:· Objection. | | | ·9· · · · A.· ·Yes. | | | | 10· ·BY MR. LUFT: | | | | | 11· · · · Q.· ·And are you aware that Himalaya Financial | | | | 12· ·is involved with H Coin? | | | | 13· · · · A.· ·I'm not aware. | | | | 14· · · · Q.· ·Your father is involved with H Coin, | | | 15· ·correct? | | | | | 16· · · · · · ·MR. VARTAN:· Objection. | | | | 17· · · · A.· ·I don't know. | | | 18· ·BY MR. LUFT: | | | | | 19· · · · Q.· ·Have you ever heard your father's song, | | | | 20· ·"H Coin to the Moon"? | | | | 21· · · · A.· ·I'm not sure. | | | | 22· · · · Q.· ·Do you want me to show you the video? | | | 23· · · · A.· ·Okay. | | | | | 24· · · · Q.· ·Okay.· When the deposition is over, I'll | | | | 25· ·show you.· That's good. | | | | | |

TSG Reporting - Worldwide Worldwide· · 877-702-9580

| Page 203<br>·1· · · · · · · · · · · · · M. Guo | |-----------------------------------------------------------| | ·2· · · · · · ·MR. VARTAN:· I don't know if we're hanging | | ·3· · · · around after the deposition, but we can go | | ·4· · · · ahead. | | ·5· ·BY MR. LUFT: | | ·6· · · · Q.· ·In fact, your father has a long history of | | ·7· ·doing business dealings with Mr. William Je, | | ·8· ·correct? | | ·9· · · · · · ·MR. VARTAN:· Objection. | | 10· · · · A.· ·I don't know. | | 11· ·BY MR. LUFT: | | 12· · · · Q.· ·You know Mr. Je is involved with | | 13· ·ACA Capital, correct? | | 14· · · · A.· ·I think, yes, probably. | | 15· · · · Q.· ·And you know your father is involved with | | 16· ·ACA Capital, correct? | | 17· · · · · · ·MR. VARTAN:· Objection. | | 18· · · · A.· ·I don't know. | | 19· · · · · · ·MR. LUFT:· I'm going to ask the court | | 20· · · · reporter to mark as Exhibit 8 a copy of the | | 21· · · · Stipulated Order Compelling HK International | | 22· · · · Funds Investments Limited to transport and | | 23· · · · deliver that certain yacht, the Lady May. | | 24· · · · · · ·(Mei Guo Exhibit 8 was received and marked | | 25· · · · for identification, as of this date.) |

| | ·1· · · · · · · · · · · · · M. Guo | Page 204 | |---------------------|-----------------------------------------------------------|----------| | ·2· ·BY MR. LUFT: | | | | | ·3· · · · Q.· ·Ms. Guo, do you recognize this document? | | | | ·4· · · · A.· ·I don't remember. | | | | ·5· · · · Q.· ·Do you recall if you ever read this | | | ·6· ·document? | | | | | ·7· · · · A.· ·Give me some time.· I need to read it. | | | | ·8· · · · Q.· ·Of course. | | | | ·9· · · · A.· ·I have some impression of it. | | | | 10· · · · Q.· ·Were you involved in negotiating this | | | 11· ·agreement? | | | | | 12· · · · A.· ·I don't remember. | | | | 13· · · · Q.· ·Do you have any personal knowledge with | | | | 14· ·regard to the negotiations related to this | | | 15· ·agreement? | | | | | 16· · · · · · ·MR. VARTAN:· Objection. | | | | 17· · · · A.· ·Personal knowledge, right? | | | 18· ·BY MR. LUFT: | | | | 19· · · · Q.· ·Yes. | | | | | 20· · · · A.· ·I don't remember. | | | | 21· · · · Q.· ·Who negotiated this agreement on behalf of | | | | 22· ·Hong Kong International? | | | | 23· · · · A.· ·My counsel. | | | | 24· · · · Q.· ·Who is that? | | | | 25· · · · A.· ·I think an attorney from Connecticut. | |

Case 22-50073 Doc 1529 Filed 03/09/23 Entered 03/09/23 12:00:00 Page 205 of 210

| | ·1· · · · · · · · · · · · · M. Guo | Page 205 | |---------------------|-----------------------------------------------------------|----------| | | ·2· · · · Q.· ·Do you know which one? | | | | ·3· · · · A.· ·I don't remember. | | | | ·4· · · · Q.· ·Do you recall him discussing the terms of | | | | ·5· ·the agreement with you while he was negotiating it? | | | | ·6· · · · · · ·MR. VARTAN:· Just answer that yes or no. | | | ·7· · · · A.· ·Yes. | | | | ·8· ·BY MR. LUFT: | | | | | ·9· · · · Q.· ·How many conversations did he have with | | | | 10· ·you while he was negotiating this agreement? | | | | 11· · · · A.· ·I don't remember. | | | | 12· · · · Q.· ·I asked you earlier today about other | | | | 13· ·entities that you owned other than Hong Kong | | | | 14· ·International.· You told me you could not recall the | | | | 15· ·names of any of them. | | | | 16· · · · · · ·Do you remember that testimony? | | | | 17· · · · · · ·MR. VARTAN:· Misstates the testimony. | | | | 18· · · · A.· ·Yes, I remember. | | | 19· ·BY MR. LUFT: | | | | | 20· · · · Q.· ·I'll ask you the same thing. | | | | 21· · · · · · ·Are there any entities other than | | | | 22· ·Hong Kong International that you are a director of? | | | | 23· · · · · · ·MR. VARTAN:· Objection. | | | | 24· · · · A.· ·I really don't remember. | | | | 25· · · · · · ·MR. LUFT:· Okay.· Why don't we take a | | | | | |

TSG Reporting - Worldwide Worldwide· · 877-702-9580

Case 22-50073 Doc 1529 Filed 03/09/23 Entered 03/09/23 12:00:00 Page 206 of 210

| ·1· · · · · · · · · · ·M. Guo | Page 206 | |------------------------------------------------------|----------| | ·2· ·break and see if we're close to done. | | | ·3· · · · MR. VARTAN:· How much time do we have | | | ·4· ·left? | | | ·5· · · · THE VIDEOGRAPHER:· Do you want to go off | | | ·6· ·record first? | | | ·7· · · · MR. VARTAN:· Please. | | | ·8· · · · THE VIDEOGRAPHER:· It's 7:13 p.m.· We're | | | ·9· ·going off the record. | | | 10· · · · (Recess.) | | | 11· · · · THE VIDEOGRAPHER:· It is 7:31 p.m.· We are | | | 12· ·back on the record. | | | 13· · · · MR. LUFT:· Ms. Guo, I'm going leave this | | | 14· ·deposition open for the reasons I've stated | | | 15· ·throughout regarding instructions for your | | | 16· ·counsel not to answer non-privileged questions, | | | 17· ·improper privileged questions, objections, and | | | 18· ·documents that are missing and the other | | | 19· ·reasons I've raised. | | | 20· · · · Other than that, I have no further | | | 21· ·questions for you at this time. | | | 22· · · · THE WITNESS:· Okay. | | | 23· · · · MR. LUFT:· Thank you, Ms. Guo. | | | 24· · · · THE WITNESS:· Thank you. | | | 25· · · · MR. VARTAN:· Thank you. | | | | |

TSG Reporting - Worldwide Worldwide· · 877-702-9580

Case 22-50073 Doc 1529 Filed 03/09/23 Entered 03/09/23 12:00:00 Page 207 of

| 210 | | |----------------------------------------------------------|----------| | ·1· · · · · · · · · · · · · M. Guo | Page 207 | | ·2· · · · · · ·THE WITNESS:· Thank you, everyone. | | | ·3· · · · · · ·THE VIDEOGRAPHER:· It is 7:32 p.m.· We're | | | ·4· · · · going off the record. | |

| ·6· · · · · · ·(Time noted:· 7:32 p.m.) | | | | |-----------------------------------------|--|--|--| |-----------------------------------------|--|--|--|

·5

·7

·8

| ·9 | | | |----|-------------------------------------------------------|--| | 10 | | | | | 11· · · · · · · · · · · ·____________________________ | | | | 12· · · · · · · · · · · ·MEI GUO | | | 13 | | | | | 14· ·Subscribed and sworn to | | | | 15· ·before me this· · ·day | | | | 16· ·of· · · · · · 2022. | | | | 17· ·_______________________ | | | 18 | | | | 19 | | | | 20 | | | | 21 | | | | 22 | | | | 23 | | | | | | |

24 25

210

| ·1 | | Page 208 | |----|--------------------------------------------------------------------------------------------------------------------|----------| | | ·2· · · · · · · · · · ·C O N T E N T S | | | | ·3· ·MR. LUFT· · · · · · · · · · · · · · · · · · · · · · ·6 | | | ·4 | | | | | ·5· · · · · · · · · · ·E X H I B I T S | | | | ·6· · · · · · ·(Retained by the court reporter) | | | | ·7· ·DEPOSITION· · · · · EXHIBIT· · · · · · · · · · ·PAGE | | | | ·8· ·Exhibit 1· ·Affidavit of Mei Guo· · · · · · · · · 87 | | | | ·9· ·Exhibit 2· ·2-2-22 Hearing transcript· · · · · · ·92 | | | | 10· ·Exhibit 3· ·Lady May Certificate of Registry· · ·128 | | | | 11· ·Exhibit 4· ·Letter dated June 7, 2021· · · · · · 141 | | | | 12· ·Exhibit 5· ·Management and Operations Agreement· 153<br>· · · · · · · · ·dated May 7, 2021 | | | 13 | · · ·Exhibit 6· ·Decision and Order, October 15, 2020 169 | | | 14 | · · ·Exhibit 7· ·Decision and Order, March 16, 2021· ·172 | | | 15 | · · ·Exhibit 8· ·Stipulated Order· · · · · · · · · · ·204 | | | 16 | | | | 17 | · · ·Instruction not to answer· · · · · · · · · 10· · 9 | | | | 18· ·Instruction not to answer· · · · · · · · · 20· ·15<br>· · ·Instruction not to answer· · · · · · · · · 25· ·13 | | | | 19· ·Instruction not to answer· · · · · · · · · 28· ·22 | | | | · · ·Instruction not to answer· · · · · · · · · 39· ·19<br>20· ·Instruction not to answer· · · · · · · · ·116· ·10 | | | | · · ·Instruction not to answer· · · · · · · · ·187· ·10<br>21· ·Instruction not to answer· · · · · · · · ·195· ·17 | | | 22 | | | | 23 | | | | 24 | | | | 25 | | | | | | |

Page 209 ·1 ·2 ·3· · · · · · · · · · · ·CERTIFICATE ·4 ·5· ·STATE OF NEW YORK· ) ·6· · · · · · · · · · · :· ·ss ·7· · · · · · ·I, Angela M. Shaw-Crockett, a Certified Court ·8· ·Reporter, Registered Merit Reporter and Notary Public within ·9· ·and for the States of New York, New Jersey and Connecticut, 10· ·do hereby certify: 11· · · · · · ·That MEI GUO, the witness whose deposition is 12· ·herein before set forth, was duly sworn by me and that such 13· ·deposition is a true record of the testimony given by such 14· ·witness. 15· · · · · · ·I further certify that I am not related to any of 16· ·the parties to this action by blood or marriage and that I 17· ·am in no way interested in the outcome of this matter. 18· · · · · · ·In witness whereof, I have hereunto set my hand 19· ·this 23rd day of January, 2023. 20 21· · · · · · ·---------------------------------------- · · · · · · · ·ANGELA M. SHAW-CROCKETT, CCR, CRR, RMR, CSR 22· · · · · · ·LICENSE NO. XI00218400 23 24 25

| | 1· · · · · · · · · · ERRATA SHEET | | | | |----|--------------------------------------------------------------|--|--|--| | | 2· Case Name: | | | | | | 3· Deposition Date: | | | | | | 4· Deponent: | | | | | | 5· Pg.· No. Now Reads· · ·Should Read· Reason | | | | | | 6· ___· ___ __________· · __________· ·____________________ | | | | | | 7· ___· ___ __________· · __________· ·____________________ | | | | | | 8· ___· ___ __________· · __________· ·____________________ | | | | | | 9· ___· ___ __________· · __________· ·____________________ | | | | | | 10· ___· ___ __________· · __________· ·____________________ | | | | | | 11· ___· ___ __________· · __________· ·____________________ | | | | | | 12· ___· ___ __________· · __________· ·____________________ | | | | | | 13 ___· ___ __________· · __________· ·____________________ | | | | | | 14· ___· ___ __________· · __________· ·____________________ | | | | | | 15· ___· ___ __________· · __________· ·____________________ | | | | | | 16· ___· ___ __________· · __________· ·____________________ | | | | | | 17· ___· ___ __________· · __________· ·____________________ | | | | | | 18· ___· ___ __________· · __________· ·____________________ | | | | | | 19· ___· ___ __________· · __________· ·____________________ | | | | | | 20· · · · · · · · · · · · · _____________________ | | | | | | · · · · · · · · · · · · · · · · · · Signature of Deponent | | | | | 21 | | | | | | | 22· SUBSCRIBED AND SWORN BEFORE ME | | | | | | 23· THIS ____ DAY OF __________, 2023. | | | | | | 24· ____________________ | | | | | | 25· (Notary Public)· ·MY COMMISSION EXPIRES:__________ | | | | | | | | | | | | | | | |