---
type: court_doc
id: "court_ctb_1604_48"
court: "CTB"
case_no: "22-50073"
doc_number: 1604
doc_type: "EXHIBIT"
filed_date: "2023-03-27"
lang: "en"
machine_translated: false
url: "https://mubeitech.com/en/court/court_ctb_1604_48"
json_url: "https://mubeitech.com/api/court/court_ctb_1604_48"
---
# Guo Wengui / Miles Guo — bankruptcy case · EXHIBIT · ECF #1604-48



Exhibit 48

1　Page 1

2· ·UNITED STATES BANKRUPTCY COURT
3· ·DISTRICT OF CONNECTICUT
4· ·BRIDGEPORT DIVISION
5· ·---------------------------------------X
6· ·In Re:
· · · · · · · · · · · · · · · · · · · · · · · · · Chapter 11
7· · · · · · ·HO WAN KWOK,· · · · · · · · · Case No.
· · · · · · · · · · · · · · · · · · · · · · · · · 22-50073 (JAM)
8· · · · · · · · · · · ·Debtor.
9· ·---------------------------------------X

11· · · ·REMOTE VIDEOTAPED DEPOSITION OF HO WAN KWOK
12· · · · · · · · ·Thursday, March 2, 2023

16· ·Reported by:
17· ·Angela M. Shaw-Crockett, CCR, CRR, RMR, CSR
18· ·Job 222883

· · ·22

3· · · · · · · · · · March 2, 2023
4· · · · · · · · · ·10:28 a.m.

6· · REMOTE VIDEOTAPED DEPOSITION OF HO WAN KWOK,
7· · before Angela M. Shaw-Crockett, a Certified Court
8· · Reporter, Certified Realtime Reporter, Registered
9· · Merit Reporter and Notary Public of the States of
10· · New York, New Jersey, and Connecticut.

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·1· · · · · · · · · · · · ·H. Kwok　Page 3

·2· ·R E M O T E· ·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.
·7　·6· · · · DOUGLASS BARRON, ESQ.
· · · · · WILL FARMER, ESQ.
·8· ·CHIESA SHAHINIAN & GIANTOMASI PC
· · · · · · Attorneys for HK INTERNATIONAL
·9· · · · · MEI GUO
· · · · · · One Boland Drive
10· · · · · West Orange, New Jersey 07052
11· ·BY:· ·PATRICIA BERGAMASCO, ESQ.

13· ·ZEISLER & ZEISLER P.C.
· · · · · · Attorneys for HK INTERNATIONAL
14· · · · · MEI GUO
· · · · · · 10 Middle Street
15· · · · · Bridgeport, Connecticut· 06604
16· ·BY:· ·AARON ROMNEY, ESQ.

18· ·ALSO PRESENT:· Matthew Chin-Quee, The Videographer
19· · · · · · · · · Luyi Song, Law Clerk, Paul Hastings
20· · · · · · · · · Jingyi Wang, Mandarin Interpreter
21· · · · · · · · · Una Wilkinson, Mandarin Check Interpreter
22· · · · · · · · · · · · · · · · · · · · ·**

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·1· · · · · · · · · · H. Kwok

·2· · · · THE VIDEOGRAPHER:· Good morning.· My name
·3· ·is Matthew Chin-Quee.· I'm a legal videographer
·4· ·in association with TSG Reporting.· I won't be
·5· ·in the same room with the witness.· I'll record
·6· ·the deposition remotely.· The reporter,
·7· ·Angie Shaw-Crockett also will not be in the
·8· ·same room and will swear the witness remotely.
·9· · · · Do parties stipulate to the validity of
10· ·the video recording and remote swearing and
11· ·that it will be admissible in the courtroom as
12· ·if it had been taken following Rule 30 of the
13· ·Federal Rules of Civil Procedures and the
14· ·state's rules where the case is pending?
15· · · · MR. LUFT:· This is Avi Luft on behalf of
16· ·the Chapter 11 trustee, and we agree.
17· · · · MR. ROMNEY:· Yes, Aaron Romney,
18· ·Zeisler & Zeisler on behalf of the debtor, the
19· ·witness.· We agree.
20· · · · MS. BERGAMASCO:· Patricia Bergamasco on
21· ·behalf of Mei Guo and HK International.
22· · · · THE VIDEOGRAPHER:· Thank you.

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

23· · · · This is the --

24· · · · MR. LUFT:· You agree?

25· · · · MS. BERGAMASCO:· Yes.· My apologies.

·1· · · · · · · · · · H. Kwok　Page 5

·2· · · · THE VIDEOGRAPHER:· Thank you.
·3· · · · This is the start of tape number 1 of the
·4· ·videotaped deposition of Ho Wan Kwok in the
·5· ·matter In Re: Ho Wan Kwok in the United States
·6· ·Bankruptcy Court District of Connecticut
·7· ·Bridgeport Division, number 22-50073 (JAM).
·8· ·The parties have agreed to appear remotely on
·9· ·March 2, 2023, at approximately 10:28 a.m.
10· · · · My name is Matthew Chin-Quee from
11· ·TSG Reporting, and I'm the legal video
12· ·specialist.· The court reporter is
13· ·Angie Shaw-Crockett, in association with
14· ·TSG Reporting.
15· · · · Will all counsel please introduce
16· ·yourself.
17· · · · MR. LUFT:· Hi.· This is Avi Luft of
18· ·Paul Hastings.· I represent the Chapter 11
19· ·trustee in, in Re: Ho Wan Kwok.· Along with me
20· ·are my colleagues Douglass Barron, Will Farmer,
21· ·and Luyi Song, who is a law clerk.
22· · · · MR. ROMNEY:· Aaron Romney,
23· ·Zeisler & Zeisler.· I represent the Debtor
24· ·Mr. Kwok in the main bankruptcy case.· Also

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25· ·representing him in his capacity as a witness

Case 22-50073 Doc 1604-48 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 7 of

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·1· · · · · · · · · · · · ·H. Kwok

·2· · · · today in this adversary proceeding.· I do also
·3· · · · have an appearance on behalf of Mei Guo and
·4· · · · HKI USA in this adversary proceeding.
·5· · · · · · ·MS. BERGAMASCO:· This is Patricia
·6· · · · Bergamasco from Zeisler & Zeisler, representing
·7· · · · Mei Guo and HK International USA in the
·8· · · · adversary proceeding.
·9· · · · · · ·THE VIDEOGRAPHER:· Thank you.
10· · · · · · ·Will the court reporter please swear in
11· · · · the Interpreter and the witness.
12· ·J I N G Y I· ·W A N G,
13· · · · · having been first duly sworn by a Notary
14· · · · · Public within and for the State of New York,
15· · · · · translated the questions from
16· · · · · English to Mandarin and the answers
17· · · · · from Mandarin to English under oath as
18· · · · · follows:
19· · Ho Wan Kwok, having been called as a witness, having been
20· ·first duly sworn (through an Interpreter),· was examined and
21· ·testified as follows:
22· · · · · · ·THE WITNESS:· Thank you.
23· · · · · · ·THE INTERPRETER:· And just a note from the
24· · · · Interpreter.· The Interpreter has received the
25· · · · link, and the realtime is now working.

·1· · · · · · · · · · · · ·H. Kwok　Page 7

·2· · · · · · ·MR. LUFT:· Great.
·3· ·EXAMINATION
·4· ·BY MR. LUFT:
·5· · · · Q.· ·Good morning, Mr. Kwok.· How are you?
·6· · · · A.· ·I'm very well, Counsel.· How are you this
·7· ·morning?
·8· · · · Q.· ·I'm well.· Thank you for asking.
·9· · · · · · ·Before we start, I'm going to read through
10· ·the terms that counsel has agreed to with regard to
11· ·this remote deposition today.· There are multiple,
12· ·so I think what I will do, I will pause after each
13· ·one so that the Interpreter has an opportunity to
14· ·just translate it.· I'm not looking for an answer,
15· ·I'm just more just stating what they are.· But I
16· ·think that will be easier.
17· · · · · · ·Trustee has agreed to take the debtor's
18· ·deposition remotely today based on the following
19· ·agreements agreed to by debtor's counsel, on his
20· ·behalf:· First, HK USA and Ms. Mei Guo no longer
21· ·intend to call the debtor to offer testimony on
22· ·their behalf and have removed him from their list of
23· ·intended hearing witnesses.
24· · · · · · ·The taking of this deposition remotely is
25· ·based on the understanding that other than questions

·1· · · · · · · · · · · · ·H. Kwok　Page 8

·2· ·regarding Mr. Kwok's name, his address, and
·3· ·identifying who his family members are, it is the
·4· ·debtor's intention to assert his Fifth Amendment
·5· ·rights to any questions posed at this deposition.
·6· · · · · · ·If the debtor attempts to assert -- to
·7· ·not -- excuse me.· Let me strike that.
·8· · · · · · ·If the debtor attempts to not assert his
·9· ·Fifth Amendment rights and, instead, answer the
10· ·questions, this is a breach of the agreement to
11· ·conduct his deposition remotely, and his deposition
12· ·will immediately be taken in person.· Both sides are
13· ·clear that deciding to not answer a question by
14· ·asserting his Fifth Amendment rights is not an
15· ·option for the debtor to consider at this time.
16· · · · · · ·The remote deposition is being offered in
17· ·good faith because the debtor requested it, not
18· ·because of need or the trustee's acknowledgment that
19· ·a remote deposition of the debtor is appropriate
20· ·here or going forward.· And any attempt to
21· ·substantively answer and not assert his Fifth
22· ·Amendment rights is a breach of this agreement.
23· · · · · · ·I'm sorry.· We're going to need to go off
24· ·the record.· My computer just crashed.· I apologize.
25· · · · · · ·THE VIDEOGRAPHER:· We're going off the

·1· · · · · · · · · · H. Kwok　Page 9

·2· ·record at 10:37 a.m.
·3· · · · (Recess.)
·4· · · · THE VIDEOGRAPHER:· We're back on the
·5· ·record at 10:45 a.m.
·6· · · · MR. LUFT:· I will keep going with the
·7· ·stipulations.· Sorry for the technical issue.
·8· · · · The debtor must be physically within the
·9· ·jurisdiction of the court, meaning within
10· ·100 miles of the court, when the deposition is
11· ·taken.· No one other than the debtor's
12· ·interpreter and his attorney from
13· ·Zeisler & Zeisler may be in the room with the
14· ·debtor when he is deposed.· The debtor may not
15· ·communicate with anyone other than his counsel
16· ·from Zeisler & Zeisler when the deposition is
17· ·on the record.
18· · · · The debtor's interpreter is not to
19· ·communicate with the debtor while we are on the
20· ·record.· The only interpreter is the official
21· ·one, Ms. Jingyi Wang.· The debtor's interpreter
22· ·is there to help the debtor communicate with
23· ·Zeisler & Zeisler on breaks and to advise
24· ·Zeisler & Zeisler regarding the translation
25· ·while the deposition is ongoing.· The debtor's

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·1· · · · · · · · · · H. Kwok

·2· ·interpreter is not to speak on the record.
·3· · · · The debtor is to have access to no devices
·4· ·that can send or receive messages while the
·5· ·deposition is on the record.· The debtor is not
·6· ·to send or read messages during the deposition
·7· ·while it is on the record.
·8· · · · Are we -- all counsel, are we all still in
·9· ·agreement as to these stipulated agreements?
10· · · · MR. ROMNEY:· Yes.· That's correct.· The
11· ·only qualification I would say is, to the
12· ·extent I need to say something on the record
13· ·that requires the debtor to understand
14· ·Ms. Wilkinson -- to the extent I need to
15· ·communicate with the debtor, it will be through
16· ·Ms. Wilkinson.
17· · · · MR. LUFT:· Mr. Romney, while we're on the
18· ·record, I'd ask that you use Ms. Wang to speak
19· ·to the debtor.· To extent you need to speak to
20· ·him about privilege, let's go off the record,
21· ·in which case, you can use Ms. Wilkinson
22· ·however you need to, to speak to him.
23· · · · MR. ROMNEY:· Sure.· I think that's
24· ·generally correct.· To the extent that, like in
25· ·a typical setting, where I would say something

Case 22-50073 Doc 1604-48 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 12

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·1· · · · · · · · · · · · ·H. Kwok

·2· · · · to a client on the record without taking a
·3· · · · break to determine if a break is necessary, it
·4· · · · may need to be through Ms. Wilkinson, but I'm
·5· · · · not anticipating any issues.
·6· · · · · · ·MR. LUFT:· Fine.
·7· · · · · · ·And Ms. Bergamasco, you remain in
·8· · · · agreement to these terms?
·9· · · · · · ·MS. BERGAMASCO:· Can you repeat that?
10· · · · · · ·MR. LUFT:· Just confirming that your firm
11· · · · remains in agreement to the terms that have
12· · · · been agreed upon that I have just set forth.
13· · · · · · ·MS. BERGAMASCO:· Yes.
14· · · · · · ·MR. LUFT:· Great.
15· ·BY MR. LUFT:
16· · · · Q.· ·Mr. Kwok, you have been extremely patient.
17· ·Thank you for that.
18· · · · · · ·Mr. Kwok, can I ask you to state your name
19· ·and your residence for the record?
20· · · · A.· ·My Chinese name is Kwok Ho Wan.· My
21· ·address is on the Fifth Avenue in New York.· It's
22· ·the Sherry-Netherlands, but I can't remember the
23· ·exact number.· It's either 768 or 769.
24· · · · Q.· ·And Mr. Kwok, are you in that address
25· ·right now?

·1· · · · · · · · · · · · ·H. Kwok
·2· · · · A.· ·Yes.
·3· · · · Q.· ·Okay.· Mr. Kwok, I know you've been
·4· ·deposed before, but I just want to go over some
·5· ·basic ground rules just so we are on the same page;
·6· ·is that okay?
·7· · · · A.· ·Okay.
·8· · · · Q.· ·Mr. Kwok, do you understand that you're
·9· ·testifying under oath today?
10· · · · A.· ·Yes, I understand.
11· · · · Q.· ·And by that, all your -- any testimony you
12· ·offer must be truthful.
13· · · · · · ·Do you understand that?
14· · · · A.· ·Yes, I understand.
15· · · · Q.· ·Is there any reason that you cannot offer
16· ·truthful testimony today?
17· · · · A.· ·No.
18· · · · Q.· ·Mr. Kwok, can we have an agreement that if
19· ·any of my questions are not clear to you, you will
20· ·ask me -- you will let me know and ask me to
21· ·clarify?
22· · · · A.· ·Okay.· Thank you very much.
23· · · · Q.· ·Mr. Kwok, if you don't tell me that
24· ·something is unclear, could we have an agreement
25· ·that I can assume that you understand my question?

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·1· · · · · · · · · · · · ·H. Kwok

·2· · · · A.· ·Okay.· That's fine.
·3· · · · Q.· ·Mr. Kwok, is anyone in the room with you
·4· ·today?
·5· · · · A.· ·My attorney and the Interpreter, Una.
·6· · · · Q.· ·Is your attorney Mr. Romney?
·7· · · · A.· ·I only know him by Aaron.· I'm not sure
·8· ·about his other name.
·9· · · · · · ·MR. LUFT:· Mr. Romney, that is you,
10· · · · correct?
11· · · · · · ·MR. ROMNEY:· Yes, it is me, Avi.· Aaron
12· · · · Romney.
13· ·BY MR. LUFT:
14· · · · Q.· ·And your interpreter is Una Wilkinson,
15· ·correct?
16· · · · A.· ·Yes.
17· · · · Q.· ·Is there anyone else in the room with you
18· ·today?
19· · · · A.· ·No.
20· · · · Q.· ·Mr. Kwok, what is the name of your
21· ·daughter?
22· · · · A.· ·Kwok Mei.
23· · · · Q.· ·And what is the name of your son?
24· · · · A.· ·Kwok Qiang.
25· · · · Q.· ·Does he sometimes also go by the name

·1· · · · · · · · · · · · ·H. Kwok　Page 14

·2· ·Mileson Kwok?

·3· · · · A.· ·Yes.
·4· · · · Q.· ·And what is name of your wife?
·5· · · · A.· ·Yu Chang Chu.
·6· · · · Q.· ·Mr. Kwok, did you do anything to prepare
·7· ·for your deposition today?
·8· · · · A.· ·No.
·9· · · · Q.· ·Did you meet with counsel to prepare for
10· ·your deposition today?
11· · · · A.· ·No.
12· · · · Q.· ·Did you review any documents in
13· ·preparation for your deposition today?
14· · · · A.· ·No.
15· · · · Q.· ·Did you review anything to refresh your
16· ·recollection for your deposition today?
17· · · · A.· ·No.
18· · · · Q.· ·At this point, Mr. Kwok, we're going to
19· ·shift to the substantive part of your deposition to
20· ·which I understand it is your intention to plead the
21· ·Fifth.
22· · · · · · ·I ask that you just let me finish asking
23· ·my question and allow the translator to fully
24· ·translate it before you make any such assertion,
25· ·okay?

·1· · · · · · · · · · · · ·H. Kwok　Page 15

·2· · · · A.· ·Okay.
·3· · · · Q.· ·Mr. Kwok, at all times since the Lady May
·4· ·was purchased on February 23, 2015, by Hong Kong
·5· ·International Funds Investments Limited, which I
·6· ·will also refer to as "HK International," you have
·7· ·been the beneficial owner of the Lady May, correct?
·8· · · · A.· ·I assert the Fifth.
·9· · · · Q.· ·At all times since the Lady May was
10· ·purchased on February 23, 2015, by HK International,
11· ·you, the debtor, have been the equitable owner of
12· ·the Lady May, correct?
13· · · · A.· ·I plead the Fifth.
14· · · · Q.· ·At all times since the Lady May was
15· ·purchased on February 23, 2015, by HK International,
16· ·you have controlled the Lady May?
17· · · · A.· ·The Fifth.
18· · · · Q.· ·At all times since the Lady May was
19· ·purchased on February 23, 2015, by Hong Kong
20· ·International, you have been the legal owner of the
21· ·Lady May?
22· · · · · · ·THE WITNESS:· Ms. Wang, what is the
23· · · · question?· Is that the question whether I am?
24· · · · · · ·MR. LUFT:· Yes.
·1· · · · · · · · · · · · ·H. Kwok　Page 16

·2· ·BY MR. LUFT:
·3· · · · Q.· ·Is my statement correct?
·4· · · · A.· ·The Fifth.
·5· · · · Q.· ·Mr. Kwok, you do not need Mei Guo's
·6· ·permission to board the Lady May, correct?
·7· · · · A.· ·The Fifth.
·8· · · · Q.· ·Mr. Kwok, you do not need to ask Mei Guo's
·9· ·permission to use the Lady May, correct?
10· · · · A.· ·The Fifth.
11· · · · Q.· ·Mr. Kwok, you do not need to ask Mei Guo's
12· ·permission to direct the crew of the Lady May to
13· ·navigate the Lady May from location to location,
14· ·correct?
15· · · · A.· ·The Fifth.
16· · · · Q.· ·Mr. Kwok, at all times since the
17· ·establishment of Hong Kong International Funds
18· ·Investment Limited, you have been its beneficial
19· ·owner, correct?
20· · · · A.· ·The Fifth.
21· · · · Q.· ·Mr. Kwok, at all times since the
22· ·establishment of HK International, you have been its
23· ·equitable owner, correct?
24· · · · A.· ·The Fifth.
25· · · · Q.· ·Mr. Kwok, at all times since the

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·1· · · · · · · · · · · · ·H. Kwok

·4· · · · A.· ·The Fifth.

·7· ·legal owner, correct?

·8· · · · A.· ·The Fifth.

15· · · · a legal term.

19· ·BY MR. LUFT:

23· · · · A.· ·The Fifth.

·2· ·establishment of HK International, you have

·3· ·controlled HK International, correct?

·5· · · · Q.· ·Mr. Kwok, at all times since the

·9· · · · Q.· ·Mr. Kwok, at all times since the

11· ·has been your alter ego, correct?

13· · · · please explain "alter ego"?

17· · · · · · ·MR. LUFT:· Okay.

18· · · · · · ·THE WITNESS:· The Fifth.

·6· ·establishment of HK International, you have been its

10· ·establishment of HK International, it has been -- it

12· · · · · · ·THE INTERPRETER:· Counsel, could you

14· · · · · · ·MR. LUFT:· Just translate the term.· It's

20· · · · Q.· ·Mr. Kwok, you're familiar with an entity

21· ·called "HK International Funds Investment USA

24· · · · Q.· ·Mr. Kwok, at all times since the

25· ·establishment of HK USA, you have been its

22· ·Limited," or I may refer to it as "HK USA," correct?

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

16· · · · · · ·THE INTERPRETER:· I've got the legal term.

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·2· ·beneficial owner, correct?
·3· · · · A.· ·The Fifth.
·4· · · · Q.· ·Mr. Kwok, at all times since the
·5· ·establishment of HK USA, you have been its equitable
·6· ·owner, correct?
·7· · · · A.· ·The Fifth.
·8· · · · Q.· ·Mr. Kwok, at all times since the
·9· ·establishment of HK USA, you have controlled it,
10· ·correct?
11· · · · A.· ·The Fifth.
12· · · · Q.· ·Mr. Kwok, at all times since the
13· ·establishment of HK USA, you have been its legal
14· ·owner, correct?
15· · · · A.· ·The Fifth.
16· · · · Q.· ·Mr. Kwok, at all times since the
17· ·establishment of HK USA, it has been your alter ego,
18· ·correct?
19· · · · A.· ·The Fifth.
20· · · · Q.· ·Mr. Kwok, you know an individual named
21· ·Natasha Qu, correct?
22· · · · A.· ·The Fifth.
23· · · · Q.· ·Mr. Kwok, the transfer of HK International
24· ·to Natasha Qu was done to hide your assets from your
25· ·creditors, correct?　·1· · · · · · · · · · · · ·H. Kwok　Page 18

·1· · · · · · · · · · · · ·H. Kwok　Page 19

·2· · · · A.· ·The Fifth.
·3· · · · Q.· ·Mr. Kwok, you directed Natasha Qu to
·4· ·execute a declaration of trust, governing your
·5· ·shares in Hong Kong International on or about
·6· ·October 10, 2014, correct?
·7· · · · A.· ·The Fifth.
·8· · · · · · ·MR. LUFT:· At this point, I'd ask the
·9· · · · court reporter to mark as Kwok PJR Deposition
10· · · · Exhibit 1, a copy of the declaration of trust
11· · · · made on the 10th day of October 2014, as well
12· · · · as the certified translation we have of it.
13· · · · · · ·I'll ask my colleague, Mr. Farmer, to post
14· · · · that if possible.
15· · · · · · ·(Kwok PJR Exhibit 1 was received and
16· · · · marked for identification, as of this date.)
17· ·BY MR. LUFT:
18· · · · Q.· ·Mr. Kwok, take a minute to review the
19· ·Exhibit 1.
20· · · · · · ·MR. ROMNEY:· Avi, may be the formatting of
21· · · · the screen.· I don't see Bates numbers on
22· · · · there.
23· · · · · · ·Have these been produced in connection
24· · · · with the PJR proceeding?
25· · · · · · ·MR. LUFT:· There is no Bates number.· We

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·1· · · · · · · · · · · · ·H. Kwok　Page 20

·2· · · · have offered to produce it to you.
·3· · · · · · ·MR. ROMNEY:· I'm sorry.· I'm not sure what
·4· · · · you're referring to.
·5· · · · · · ·THE WITNESS:· I'm done reading it.
·6· ·BY MR. LUFT:
·7· · · · Q.· ·Mr. Kwok, is this a true and correct copy
·8· ·of the Declaration of Trust you entered into with
·9· ·Natasha Kwok [sic] on October 10 -- Natasha Qu, on
10· ·October 10, 2014, relating to your shares of Hong
11· ·Kong International?
12· · · · · · ·MR. ROMNEY:· Object to the form of the
13· · · · question.
14· · · · A.· ·The Fifth.
15· ·BY MR. LUFT:
16· · · · Q.· ·Mr. Kwok, the signed copy of Exhibit 1,
17· ·the Declaration of Trust, dated October 10, 2014,
18· ·was given to your counsel Stevenson, Wong & Co. for
19· ·them to retain on your behalf, correct?
20· · · · A.· ·The Fifth.
21· · · · Q.· ·Mr. Kwok, pursuant to the terms of the
22· ·Declaration of Trust, even after Hong Kong
23· ·International was transferred by you to Natasha Qu,
24· ·you still retained control and beneficial ownership
25· ·of Hong Kong International and its assets, including

YVer1f

Case 22-50073
Doc 1604-48
Filed 03/27/23
Entered 03/27/23 14:12:10
of 105　Page 22

·1· · · · · · · · · · · · ·H. Kwok
·2· ·the Lady May, correct?
·3· · · · · · ·MR. ROMNEY:· Objection to form.
·4· · · · A.· ·The Fifth.
·5· ·BY MR. LUFT:
·6· · · · Q.· ·Mr. Kwok, the Lady May was purchased on
·7· ·your behalf, correct?
·8· · · · A.· ·The Fifth.
·9· · · · Q.· ·Mr. Kwok, the Lady May was purchased for
10· ·you to control and beneficially own, correct?
11· · · · A.· ·The Fifth.
12· · · · Q.· ·Mr. Kwok, all of the funds used to
13· ·purchase the Lady May were funds you owned and
14· ·controlled, correct?
15· · · · A.· ·The Fifth.
16· · · · Q.· ·Mr. Kwok, you funded the purchase of the
17· ·Lady May on February 23, 2015, with funds you
18· ·exclusively controlled to an entity named Bravo
19· ·Luck, correct?
20· · · · A.· ·The Fifth.
21· · · · Q.· ·Mr. Kwok, Bravo Luck is an entity that you
22· ·at all times have had exclusive control over,
23· ·correct?

- 24· · · · A.· ·The Fifth.
- 25· · · · Q.· ·Mr. Kwok, at all times, you have had

of 105

·1· · · · · · · · · · · · ·H. Kwok　Page 22

·2· ·exclusive control over the assets of Bravo Luck,
·3· ·correct?
·4· · · · A.· ·The Fifth.
·5· · · · Q.· ·Mr. Kwok, none of the funds used to
·6· ·purchase the Lady May belonged to your son, Mileson
·7· ·Kwok, correct?
·8· · · · A.· ·The Fifth.
·9· · · · Q.· ·Mr. Kwok, you had the Lady May purchased
10· ·by Hong Kong International for your own use,
11· ·correct?
12· · · · A.· ·The Fifth.
13· · · · Q.· ·Mr. Kwok, you directed Hong Kong
14· ·International to purchase the Lady May with your own
15· ·assets to attempt to obscure your ownership of the
16· ·Lady May, correct?
17· · · · A.· ·The Fifth.
18· · · · Q.· ·For clarity, when I refer to Bravo Luck,
19· ·you understand I'm referring to Bravo Luck Limited,
20· ·correct?
21· · · · A.· ·The Fifth.
22· · · · Q.· ·Mr. Kwok, you directed Hong Kong
23· ·International to purchase the Lady May with funds
24· ·you owned to shield the Lady May from your
25· ·creditors, correct?

·1· · · · · · · · · · · · ·H. Kwok　Page 23

·2· · · · A.· ·The Fifth.
·3· · · · Q.· ·Mr. Kwok, you directed Ms. Qu to transfer
·4· ·her purported ownership in Hong Kong International
·5· ·to Mei Guo for the consideration of one Hong Kong
·6· ·dollar on June 27, 2017, correct?
·7· · · · A.· ·The Fifth.
·8· · · · Q.· ·Mr. Kwok, you directed the transfer on
·9· ·June 27, 2017, of Ms. Qu's purported ownership of
10· ·HK International to Mei Guo for the consideration of
11· ·one Hong Kong dollar in an attempt to obscure your
12· ·ownership of the Lady May, correct?
13· · · · A.· ·The Fifth.
14· · · · Q.· ·Mr. Kwok, you directed the transfer on
15· ·June 27, 2017, of Ms. Qu's purported ownership of HK
16· ·International to Mei Guo for the consideration of
17· ·one Hong Kong dollar to try to shield the Lady May
18· ·from your creditors, correct?
19· · · · A.· ·The Fifth.
20· · · · Q.· ·Mr. Kwok, the transfer on June 27, 2017,
21· ·of Ms. Qu's purported ownership of HK International
22· ·to Mei Guo did not change the fact that you remained
23· ·in control of and the beneficial owner
24· ·of HK International, correct?
25· · · · · · ·MR. ROMNEY:· Object to the form.

·1· · · · · · · · · · · · ·H. Kwok　Page 24

·2· · · · A.· ·The Fifth.
·3· ·BY MR. LUFT:
·4· · · · Q.· ·Let me just break that up, because there
·5· ·was an objection.
·6· · · · · · ·The transfer on June 27, 2017, of Ms. Qu's
·7· ·purported ownership of HK International to Mei Guo
·8· ·did not change the fact that you remained in control
·9· ·of HK International following that transfer,
10· ·correct?
11· · · · A.· ·The Fifth.
12· · · · Q.· ·Mr. Kwok, the transfer on June 27, 2017,
13· ·of Ms. Qu's purported ownership of HK International
14· ·to Mei Guo did not change the fact that you remained
15· ·the beneficial owner of Hong Kong International
16· ·after that transfer, correct?
17· · · · · · ·MR. ROMNEY:· Object to the form.
18· · · · A.· ·The Fifth.
19· ·BY MR. LUFT:
20· · · · Q.· ·Mr. Kwok, the transfer on June 27, 2017,
21· ·of Ms. Qu's purported ownership of HK International
22· ·to Mei Guo did not change the fact that you remained
23· ·in control of the Lady May both before and after the
24· ·transfer, correct?
25· · · · · · ·MR. ROMNEY:· Object to the form.

·1· · · · · · · · · · · · ·H. Kwok　Page 25

·2· · · · A.· ·The Fifth.
·3· ·BY MR. LUFT:
·4· · · · Q.· ·Mr. Kwok, the transfer on June 27, 2017,
·5· ·of Ms. Qu's purported ownership of HK International
·6· ·to Mei Guo did not change the fact that you remained
·7· ·the beneficial owner of the Lady May both before and
·8· ·after the transfer, correct?
·9· · · · · · ·MR. ROMNEY:· Object to the form.
10· · · · A.· ·The Fifth.
11· ·BY MR. LUFT:
12· · · · Q.· ·Mr. Kwok, you -- and by that, I mean
13· ·yourself or through your agents -- directed the
14· ·formation of HK International Funds Investments USA
15· ·Limited on September 11, 2018, correct?
16· · · · A.· ·The Fifth.
17· · · · Q.· ·Mr. Kwok, the Lady May was transferred to
18· ·HK USA in an attempt to obscure your ownership of
19· ·the Lady May, correct?
20· · · · · · ·MR. ROMNEY:· Object to the form.
21· · · · A.· ·The Fifth.
22· ·BY MR. LUFT:
23· · · · Q.· ·Mr. Kwok, the Lady May was transferred to
24· ·HK USA at your direction in an attempt to shield it
25· ·from your creditor, correct?

·1· · · · · · · · · · · · ·H. Kwok　Page 26

·2· · · · A.· ·The Fifth.
·3· · · · Q.· ·Mr. Kwok, you have used the entities
·4· ·Golden Spring and Lamp Capital to pay the expenses
·5· ·of the Lady May, correct?
·6· · · · · · ·MR. ROMNEY:· Object to the form.
·7· · · · A.· ·The Fifth.
·8· ·BY MR. LUFT:
·9· · · · Q.· ·Mr. Kwok, you are the owner of
10· ·Golden Spring, correct?
11· · · · · · ·MR. ROMNEY:· Object to the form.
12· · · · A.· ·The Fifth.
13· ·BY MR. LUFT:
14· · · · Q.· ·Mr. Kwok, all assets owned by Golden
15· ·Spring belong to you, correct?
16· · · · · · ·MR. ROMNEY:· Object to the form.
17· · · · A.· ·The Fifth.
18· ·BY MR. LUFT:
19· · · · Q.· ·Mr. Kwok, you control Golden Springs
20· ·Limited, correct?
21· · · · A.· ·The Fifth.
22· · · · Q.· ·Mr. Kwok, you have control of all assets
23· ·of Golden Spring, correct?
24· · · · A.· ·The Fifth.
25· · · · Q.· ·Mr. Kwok, all expenses related to the

·1· · · · · · · · · · · · ·H. Kwok　Page 27

·2· ·Lady May paid by Golden Spring New York Limited,
·3· ·which I've been referring to as "Golden Spring,"
·4· ·were paid with funds you control, correct?
·5· · · · A.· ·The Fifth.
·6· · · · Q.· ·Mr. Kwok, all expenses related to the
·7· ·Lady May paid by Golden Spring were paid with funds
·8· ·you owned, correct?
·9· · · · · · ·MR. ROMNEY:· Object to the form.
10· · · · A.· ·The Fifth.
11· ·BY MR. LUFT:
12· · · · Q.· ·Mr. Kwok, all expenses related to the
13· ·Lady May paid by Golden Spring were paid at your
14· ·direction, correct?
15· · · · A.· ·The Fifth.
16· · · · Q.· ·Mr. Kwok, none of the expenses paid by
17· ·Golden Spring for the Lady May were paid for with
18· ·assets belonging to Mileson Kwok, correct?
19· · · · · · ·MR. ROMNEY:· Object to the form.
20· · · · A.· ·The Fifth.
21· ·BY MR. LUFT:
22· · · · Q.· ·Mr. Kwok, you are the equitable owner of
23· ·Lamp Capital, correct?
24· · · · A.· ·The Fifth.
25· · · · Q.· ·Mr. Kwok, you are the beneficial owner of

·1· · · · · · · · · · · · ·H. Kwok　Page 28

·2· ·Lamp Capital, correct?
·3· · · · A.· ·The Fifth.
·4· · · · Q.· ·Mr. Kwok, you're the equitable owner of
·5· ·Golden Spring, correct?
·6· · · · A.· ·The Fifth.
·7· · · · Q.· ·Mr. Kwok, you are the beneficial owner of
·8· ·Golden Spring, correct?
·9· · · · A.· ·The Fifth.
10· · · · Q.· ·Mr. Kwok, you have exclusive control over
11· ·Lamp Capital, correct?
12· · · · A.· ·The Fifth.
13· · · · Q.· ·Mr. Kwok, all expenses related to the
14· ·Lady May paid by Lamp Capital LLC were paid with
15· ·assets you controlled, correct?
16· · · · A.· ·The Fifth.
17· · · · Q.· ·Mr. Kwok, all expenses related to the
18· ·Lady May paid by Lamp Capital LLC were paid with
19· ·assets that you owned, correct?
20· · · · · · ·MR. ROMNEY:· Object to the form.
21· · · · A.· ·The Fifth.
22· ·BY MR. LUFT:
23· · · · Q.· ·Mr. Kwok, all expenses related to the
24· ·Lady May paid by Lamp Capital LLC were paid at your
25· ·direction, correct?

·1· · · · · · · · · · · · ·H. Kwok　Page 29

·2· · · · A.· ·The Fifth.
·3· · · · Q.· ·Mr. Kwok, none of the expenses paid by
·4· ·Lamp Capital related to the Lady May were paid with
·5· ·assets belonging to Mileson Kwok?
·6· · · · · · ·MR. ROMNEY:· Object to the form.
·7· · · · A.· ·The Fifth.
·8· ·BY MR. LUFT:
·9· · · · Q.· ·Mr. Kwok, none of the assets of
10· ·Lamp Capital belong to Mr. Kwok -- Mr. Mileson Kwok,
11· ·correct?
12· · · · · · ·MR. ROMNEY:· Object to the form.
13· · · · A.· ·The Fifth.
14· ·BY MR. LUFT:
15· · · · Q.· ·Mr. Kwok, you have exclusive control over
16· ·the assets of Lamp Capital, correct?
17· · · · A.· ·The Fifth.
18· · · · Q.· ·Mr. Kwok, your son Mileson Kwok has no
19· ·control over the assets of Lamp Capital, correct?
20· · · · A.· ·The Fifth.
21· · · · Q.· ·Mr. Kwok, your son Mileson Kwok has no
22· ·control over the assets of Golden Spring, correct?
23· · · · · · ·MR. ROMNEY:· Object to the form.
24· · · · A.· ·The Fifth.
·1· · · · · · · · · · · · ·H. Kwok　Page 30

·2· ·BY MR. LUFT:
·3· · · · Q.· ·Mr. Kwok, you asked Yvette Wang to take
·4· ·actions on your behalf related to the Lady May and
·5· ·HK USA and HK International, correct?
·6· · · · · · ·MR. ROMNEY:· Object to the form.
·7· · · · A.· ·The Fifth.
·8· ·BY MR. LUFT:
·9· · · · Q.· ·Mr. Kwok, you asked Max Krasner to take
10· ·actions related to the Lady May, HK International,
11· ·and HK USA on your behalf, correct?
12· · · · · · ·MR. ROMNEY:· Objection.
13· · · · A.· ·The Fifth.
14· ·BY MR. LUFT:
15· · · · Q.· ·Mr. Kwok, all actions taken by Yvette Wang
16· ·relating to the Lady May are taken at your
17· ·direction, correct?
18· · · · · · ·MR. ROMNEY:· Object to the form.
19· · · · A.· ·The Fifth.
20· ·BY MR. LUFT:
21· · · · Q.· ·Mr. Kwok, all actions taken by Yvette Wang
22· ·related to the Lady May are taken on your behalf,
23· ·correct?
24· · · · A.· ·The Fifth.
25· · · · · · ·MR. ROMNEY:· Object to the form.

·1· · · · · · · · · · · · ·H. Kwok　Page 31

·2· ·BY MR. LUFT:
·3· · · · Q.· ·Mr. Kwok, all actions taken by Max Krasner
·4· ·that relate to the Lady May are taken at your
·5· ·direction, correct?
·6· · · · A.· ·The Fifth.
·7· · · · Q.· ·Mr. Kwok, all actions taken by Max Krasner
·8· ·related to the Lady May are taken on your behalf,
·9· ·correct?
10· · · · · · ·MR. ROMNEY:· Object to the form.
11· · · · A.· ·The Fifth.
12· ·BY MR. LUFT:
13· · · · Q.· ·Mr. Kwok, all actions taken by Yvette Wang
14· ·relating to HK International are taken at your
15· ·direction, correct?
16· · · · A.· ·The Fifth.
17· · · · Q.· ·Mr. Kwok, all actions taken by Yvette Wang
18· ·relating to HK USA are taken at your direction,
19· ·correct?
20· · · · · · ·MR. ROMNEY:· Object to the form.
21· · · · A.· ·The Fifth.
22· ·BY MR. LUFT:
23· · · · Q.· ·Mr. Kwok, all actions taken by Yvette Wang
24· ·relating to HK International are taken on your
25· ·behalf, correct?

·1· · · · · · · · · · · · ·H. Kwok　Page 32

·2· · · · · · ·MR. ROMNEY:· Object to the form.
·3· · · · A.· ·The Fifth.
·4· ·BY MR. LUFT:
·5· · · · Q.· ·Mr. Kwok, all actions taken by Yvette Wang
·6· ·relating to HK USA are taken on your behalf,
·7· ·correct?
·8· · · · · · ·MR. ROMNEY:· Object to the form.
·9· · · · A.· ·The Fifth.
10· ·BY MR. LUFT:
11· · · · Q.· ·Mr. Kwok, all actions taken by Max Krasner
12· ·as related to HK International are taken at your
13· ·direction, correct?
14· · · · · · ·MR. ROMNEY:· Objection to form.
15· · · · A.· ·The Fifth.
16· ·BY MR. LUFT:
17· · · · Q.· ·Mr. Kwok, all actions taken by Max Krasner
18· ·as related to HK USA are taken at your direction,
19· ·correct?
20· · · · · · ·MR. ROMNEY:· Object to the form.
21· · · · A.· ·The Fifth.
22· ·BY MR. LUFT:
23· · · · Q.· ·Mr. Kwok, all actions taken by Max Krasner
24· ·as related to HK International are taken on your
25· ·behalf, correct?

·1· · · · · · · · · · · · ·H. Kwok　Page 33

·2· · · · · · ·MR. ROMNEY:· Object to the form.
·3· · · · A.· ·The Fifth.
·4· ·BY MR. LUFT:
·5· · · · Q.· ·Mr. Kwok, all actions taken by Max Krasner
·6· ·as related to HK USA are taken on your behalf,
·7· ·correct?
·8· · · · · · ·MR. ROMNEY:· Object to form.
·9· · · · A.· ·The Fifth.
10· ·BY MR. LUFT:
11· · · · Q.· ·Mr. Kwok, Yvette Wang is currently your
12· ·employee, correct?
13· · · · A.· ·The Fifth.
14· · · · Q.· ·Mr. Kwok, Ms. Wang has been your employee
15· ·since at least 2015 and up through the present,
16· ·correct?
17· · · · A.· ·The Fifth.
18· · · · Q.· ·Mr. Kwok, Ms. Wang, since at least 2015
19· ·through the present, has acted as your agent,
20· ·correct?
21· · · · A.· ·The Fifth.
22· · · · Q.· ·Mr. Kwok, Ms. Wang currently acts as your
23· ·agent, correct?
24· · · · A.· ·The Fifth.
25· · · · Q.· ·Mr. Kwok, you know the current location of

·1· · · · · · · · · · · · ·H. Kwok　Page 34

·2· ·Ms. Wang, correct?
·3· · · · A.· ·The Fifth.
·4· · · · Q.· ·Mr. Kwok, at what location does Ms. Wang
·5· ·currently reside?
·6· · · · A.· ·The Fifth.
·7· · · · Q.· ·Mr. Kwok, Max Krasner is currently your
·8· ·employee, correct?
·9· · · · A.· ·The Fifth.
10· · · · Q.· ·Mr. Kwok, at all times Mr. Krasner has had
11· ·any involvement with the Lady May, he has been your
12· ·employee, correct?
13· · · · A.· ·The Fifth.
14· · · · Q.· ·Mr. Kwok, at all times that you've had
15· ·involvement with Mr. Krasner, he has acted as your
16· ·agent, correct?
17· · · · A.· ·The Fifth.
18· · · · Q.· ·Mr. Kwok, Mr. Krasner currently acts as
19· ·your agent, correct?
20· · · · A.· ·The Fifth.
21· · · · Q.· ·Mr. Kwok, you have Mr. Krasner's current
22· ·contact information, including his address and his
23· ·phone number, correct?
24· · · · A.· ·The Fifth.
25· · · · Q.· ·Mr. Kwok, what is Mr. Krasner's current

·1· · · · · · · · · · · · ·H. Kwok　Page 35

·2· ·home address?
·3· · · · A.· ·The Fifth.
·4· · · · Q.· ·Mr. Kwok, what is Mr. Krasner's current
·5· ·phone number?
·6· · · · A.· ·The Fifth.
·7· · · · Q.· ·Mr. Kwok, you know how to get in touch
·8· ·with Ms. Yvette Wang, correct?
·9· · · · A.· ·The Fifth.
10· · · · Q.· ·Mr. Kwok, you have not shared that
11· ·information with the trustee, correct?
12· · · · A.· ·The Fifth.
13· · · · · · ·MR. ROMNEY:· Could the Interpreter ask the
14· · · · witness if he needs a break.
15· ·BY MR. LUFT:
16· · · · Q.· ·Mr. Kwok, you know how to get in touch
17· ·with Mr. Krasner, correct?
18· · · · · · ·MR. ROMNEY:· Avi, could you not hear what
19· · · · I just placed on the record.
20· · · · · · ·MR. LUFT:· I did not hear you, Aaron.
21· · · · Sorry.
22· · · · · · ·MR. ROMNEY:· Oh, I'm sorry.· I had asked
23· · · · if the Interpreter could ask the witness if he
24· · · · needs a break.
25· · · · · · ·THE INTERPRETER:· Oh, okay.

·1· · · · · · · · · · · · ·H. Kwok　Page 36

·2· · · · · · ·(Complies.)
·3· · · · · · ·THE WITNESS:· Yes.· It's quite tiring. I
·4· · · · need a break.
·5· · · · · · ·MR. LUFT:· Okay.· Aaron, I have like two
·6· · · · more questions just to finish this.· Could we
·7· · · · just do that, and then we'll take a break?
·8· · · · · · ·THE WITNESS:· Okay.
·9· ·BY MR. LUFT:
10· · · · Q.· ·Mr. Kwok, you know the contact
11· ·information, including address and phone number, of
12· ·Mr. Krasner currently, correct?
13· · · · A.· ·The Fifth.
14· · · · Q.· ·Mr. Kwok, you have not shared this
15· ·information with the trustee, correct?
16· · · · A.· ·The Fifth.
17· · · · · · ·MR. LUFT:· Aaron, if you want to take a
18· · · · break now, that's fine.· How long would you
19· · · · like?
20· · · · · · ·MR. ROMNEY:· How long do you want?· Five,
21· · · · ten minutes?
22· · · · · · ·THE WITNESS:· Ten minutes.
23· · · · · · ·MR. ROMNEY:· Ten minutes?
24· · · · · · ·MR. LUFT:· Sure.
25· · · · · · ·THE VIDEOGRAPHER:· We're going off the

·1· · · · · · · · · · · · ·H. Kwok　Page 37

·2· · · · record at 11:47 a.m.
·3· · · · · · ·(Recess.)
·4· · · · · · ·THE VIDEOGRAPHER:· We're back on the
·5· · · · record at 12:05 p.m.
·6· ·BY MR. LUFT:
·7· · · · Q.· ·Mr. Kwok, you have ultimate authority with
·8· ·respect to the movements of the Lady May, correct?
·9· · · · A.· ·The Fifth.
10· · · · Q.· ·Mr. Kwok, you have ultimate control over
11· ·where the crew of the Lady May sails the yacht,
12· ·correct?
13· · · · A.· ·The Fifth.
14· · · · Q.· ·Mr. Kwok, you gave instructions for the
15· ·Lady May to be sailed from New York to Florida in
16· ·2020, correct?
17· · · · A.· ·The Fifth.
18· · · · Q.· ·Mr. Kwok, the Lady May was sailed from
19· ·New York to Florida in the fall of 2020 because you
20· ·directed that it be done so, correct?
21· · · · A.· ·The Fifth.
22· · · · Q.· ·Mr. Kwok, you gave instructions for the
23· ·Lady May to be sailed from Florida to the Bahamas in
24· ·the fall of 2020, correct?
25· · · · A.· ·The Fifth.

·1· · · · · · · · · · · · ·H. Kwok
·2· · · · Q.· ·Mr. Kwok, the Lady May was sailed from
·3· ·Florida to the Bahamas in the fall of 2020 because
·4· ·you instructed the crew for it to do so, correct?
·5· · · · A.· ·The Fifth.
·6· · · · Q.· ·Mr. Kwok, you instructed the Lady May to
·7· ·be sailed to Europe in 2021, correct?
·8· · · · A.· ·The Fifth.
·9· · · · Q.· ·Mr. Kwok, the reason the Lady May was
10· ·sailed to Europe in 2021 was because you gave
11· ·instructions for that to happen, correct?
12· · · · · · ·MR. ROMNEY:· Object to the form.
13· · · · A.· ·The Fifth.
14· ·BY MR. LUFT:
15· · · · Q.· ·Mr. Kwok, you gave directions for the
16· ·Lady May to be sailed to Europe to keep the Lady May
17· ·out of the hands of your creditors, correct?
18· · · · A.· ·The Fifth.
19· · · · Q.· ·Mr. Kwok, the Lady May remained in Europe
20· ·until you authorized it to return to the
21· ·United States, correct?
22· · · · A.· ·The Fifth.
23· · · · Q.· ·Mr. Kwok, you're the only person who had
24· ·the authority to order the Lady May to return to the
25· ·United States, correct?

·1· · · · · · · · · · · · ·H. Kwok　Page 39

·2· · · · A.· ·The Fifth.
·3· · · · Q.· ·Mr. Kwok, when you directed the Lady May
·4· ·to sail to Europe in 2021, you and your daughter,
·5· ·Mei Guo, were aware that doing so would violate

·6· ·Ostrager's order and cause you to incur contempt
·7· ·fees, correct?
·8· · · · · · ·MR. ROMNEY:· Object to the form.
·9· · · · A.· ·The Fifth.
10· ·BY MR. LUFT:

11· · · · Q.· ·Mr. Kwok, the Lady May was returned to
12· ·Connecticut waters in 2022 only because you directed
13· ·that to happen, correct?
14· · · · A.· ·The Fifth.
15· · · · Q.· ·Mr. Kwok, you're familiar with an
16· ·individual named William Je?
17· · · · A.· ·The Fifth.
18· · · · Q.· ·Mr. Kwok, William Je is a close family
19· ·friend, correct?
20· · · · A.· ·The Fifth.
21· · · · Q.· ·Mr. Kwok, Mr. Je is referred to by your
22· ·daughter as "Uncle William," correct?
23· · · · A.· ·The Fifth.
24· · · · Q.· ·Mr. Kwok, Mr. Je acts as an agent,
25· ·correct?

·1· · · · · · · · · · · · ·H. Kwok　Page 40

·2· · · · A.· ·The Fifth.
·3· · · · Q.· ·Mr. Kwok, Mr. Je is currently acting as
·4· ·your agent in your business dealings, correct?
·5· · · · A.· ·The Fifth.
·6· · · · Q.· ·Mr. Kwok, in April of 2022, Mr. Je -- any
·7· ·actions Mr. Je took in relation to the Lady May were
·8· ·as your agent, correct?
·9· · · · A.· ·The Fifth.
10· · · · Q.· ·Mr. Kwok, any actions Mr. Je takes in
11· ·connection with business dealings are taken at your
12· ·direction, correct?
13· · · · · · ·MR. ROMNEY:· Object to the form.
14· · · · A.· ·The Fifth.
15· ·BY MR. LUFT:
16· · · · Q.· ·Mr. Kwok, with regard to any business
17· ·dealings involving you and Mr. Je, Mr. Je is under
18· ·your control, correct?
19· · · · A.· ·The Fifth.
20· · · · Q.· ·Mr. Kwok, Mr. Je acts at your direction to
21· ·generate funds for you through the use of the
22· ·Himalaya Farms, correct?
23· · · · A.· ·The Fifth.
24· · · · Q.· ·Mr. Kwok, any assets purportedly under the
25· ·control of William Je are actually assets under your

·1· · · · · · · · · · · · ·H. Kwok　Page 41

·2· ·control, correct?
·3· · · · · · ·MR. ROMNEY:· Object to the form.
·4· · · · A.· ·The Fifth.
·5· ·BY MR. LUFT:
·6· · · · Q.· ·Mr. Kwok, any entities purportedly under
·7· ·the control of William Je are actually entities
·8· ·under your control, correct?
·9· · · · · · ·MR. ROMNEY:· Object to the form.
10· · · · A.· ·The Fifth.
11· ·BY MR. LUFT:
12· · · · Q.· ·Mr. Kwok, the loan agreement dated
13· ·April 19, 2022, between Himalaya International
14· ·Financial Group Limited as lender and HK USA as
15· ·borrower was arranged at your request, correct?
16· · · · A.· ·The Fifth.
17· · · · Q.· ·Mr. Kwok, you control Himalaya
18· ·International Financial Group Limited, correct?
19· · · · · · ·THE WITNESS:· I want to speak with my
20· · · · attorney now.
21· · · · · · ·MR. LUFT:· Okay.
22· · · · · · ·MR. ROMNEY:· Take five.
23· · · · · · ·MR. LUFT:· Okay.
24· · · · · · ·THE VIDEOGRAPHER:· We're going off the
25· · · · record at 12:17 p.m.

·1· · · · · · · · · · · · ·H. Kwok　Page 42

·2· · · · · · ·(Recess.)
·3· · · · · · ·THE VIDEOGRAPHER:· We're back on the
·4· · · · record at 12:24 p.m.
·5· ·BY MR. LUFT:
·6· · · · Q.· ·Mr. Kwok, you are the beneficial owner of
·7· ·Himalaya International Financial Group Limited,
·8· ·correct?
·9· · · · A.· ·The Fifth.
10· · · · Q.· ·Mr. Kwok, all assets of Himalaya
11· ·International Financial Group Limited are under your
12· ·control, correct?
13· · · · A.· ·The Fifth.
14· · · · Q.· ·Mr. Kwok, the \$37 million of funds
15· ·Himalaya International Financial Group loaned to
16· ·HK USA were funds that you owned and controlled,
17· ·correct?
18· · · · A.· ·The Fifth.
19· · · · Q.· ·Mr. Kwok, you control the \$37 million that
20· ·was put in escrow by HK USA in connection with this
21· ·Chapter 11 case, correct?
22· · · · A.· ·The Fifth.
23· · · · Q.· ·Mr. Kwok, any repayment by HK USA of the
24· ·principal \$37 million on account of the purported
25· ·\$37 million loan from Himalaya International

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·2· ·Financial Group Limited will be made to entities
·3· ·that you control, correct?
·4· · · · · · ·MR. ROMNEY:· Object to the form.
·5· · · · A.· ·The Fifth.
·6· ·BY MR. LUFT:
·7· · · · Q.· ·Mr. Kwok, any payment of interest by
·8· ·HK USA on account of the purported \$37 million loan
·9· ·from Himalaya International Financial Group Limited
10· ·will be paid to an entity that you control, correct?
11· · · · · · ·MR. ROMNEY:· Object to the form.
12· · · · A.· ·The Fifth.
13· ·BY MR. LUFT:
14· · · · Q.· ·Mr. Kwok, at the February 7, 2022,
15· ·evidentiary hearing before Justice Ostrager of the
16· ·Supreme Court of the State of New York, your
17· ·interest was for the Court to find HK USA to be the
18· ·beneficial owner and to have control of the
19· ·Lady May, correct?
20· · · · · · ·MR. ROMNEY:· Object to the question.
21· · · · · · ·THE INTERPRETER:· I didn't catch.· Someone
22· · · · mentioned something after the question.
23· · · · · · ·MR. ROMNEY:· Could we have the question
24· · · · read back.
25· · · · · · ·MR. LUFT:· Could we get it translated, and

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·1· · · · · · · · · · · · ·H. Kwok　Page 44

·2· · · · then it can be read back.
·3· · · · · · ·THE INTERPRETER:· (Complies.)
·4· · · · · · ·MR. ROMNEY:· Could we hear the question
·5· · · · read back before?
·6· · · · · · ·(The last question was read back by the
·7· · · · Reporter.)
·8· · · · · · ·MR. ROMNEY:· Object to the form.
·9· · · · A.· ·The Fifth.
10· ·BY MR. LUFT:
11· · · · Q.· ·Mr. Kwok, counsel for HK USA and Mei Guo
12· ·appeared at the February 7, 2022, evidentiary
13· ·hearing, correct?
14· · · · A.· ·The Fifth.
15· · · · Q.· ·Mr. Kwok, counsel for HK USA and Mei Guo
16· ·helped present your defense at the February 7, 2022,
17· ·hearing, correct?
18· · · · · · ·MR. ROMNEY:· Object to the form.
19· · · · A.· ·The Fifth.
20· ·BY MR. LUFT:
21· · · · Q.· ·Mr. Kwok, counsel for HK USA and Mei Guo
22· ·worked with your counsel at the February 7, 2022,
23· ·hearing to prepare for and present your case,
24· ·correct?
25· · · · · · ·MR. ROMNEY:· Object to the form.

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

·1· · · · · · · · · · · · ·H. Kwok　Page 45

·2· · · · A.· ·The Fifth.
·3· ·BY MR. LUFT:
·4· · · · Q.· ·Mr. Kwok, you directed your counsel for
·5· ·the February 7, 2022, evidentiary hearing to enter
·6· ·into a common interest agreement with HK USA and
·7· ·Mei Guo in connection with that hearing, correct?
·8· · · · · · ·MR. ROMNEY:· I'm going to direct the
·9· · · · witness not to answer based on the
10· · · · attorney-client privilege.
11· · · · · · ·MR. LUFT:· Mr. Romney, you know that is
12· · · · pre-petition, and thus, any common interest
13· · · · belongs to the trustee, correct?
14· · · · · · ·MR. ROMNEY:· Can the reporter read the
15· · · · question, please -- read back the question.
16· · · · · · ·(The last question was read back by the
17· · · · Reporter.)
18· · · · · · ·MR. ROMNEY:· You can answer.
19· · · · A.· ·The Fifth.
20· ·BY MR. LUFT:
21· · · · Q.· ·Mr. Kwok, HK USA and Mei Guo shared
22· ·identical interests to you in the court finding
23· ·HK USA was the beneficial owner and had control over
24· ·the Lady May for the February 7, 2022, evidentiary
25· ·hearing before Justice Ostrager, correct?

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·1· · · · · · · · · · · · ·H. Kwok　Page 46
·2· · · · · · ·MR. ROMNEY:· Object to the form.
·3· · · · A.· ·The Fifth.
·4· ·BY MR. LUFT:
·5· · · · Q.· ·Mr. Kwok, schedules you had filed in
·6· ·connection with your Chapter 11 filing should have
·7· ·included your beneficial ownership of the Lady May
·8· ·as an asset of your estate, correct?
·9· · · · · · ·MR. ROMNEY:· Object to the form.
10· · · · A.· ·The Fifth.
11· ·BY MR. LUFT:
12· · · · Q.· ·Mr. Kwok, the schedules you filed in
13· ·connection with the Chapter 11 filing should have
14· ·included your beneficial ownership of HK USA as an
15· ·asset of the estate, correct?
16· · · · · · ·MR. ROMNEY:· Object to the form.
17· · · · A.· ·The Fifth.
18· ·BY MR. LUFT:
19· · · · Q.· ·Mr. Kwok, any assets of Golden Spring and
20· ·Lamp Capital that have been used to pay the
21· ·Lady May's expenses, including any legal fees
22· ·related to it, should have been declared as assets
23· ·of the estate on your schedules for your Chapter 11
24· ·filing, correct?
25· · · · · · ·MR. ROMNEY:· Object to the form.

·1· · · · · · · · · · · · ·H. Kwok　Page 47

·2· · · · A.· ·The Fifth.
·3· ·BY MR. LUFT:
·4· · · · Q.· ·Mr. Kwok, all assets held by Golden Spring
·5· ·are really assets of your estate, correct?
·6· · · · A.· ·The Fifth.
·7· · · · Q.· ·Mr. Kwok, all assets held by Lamp Capital
·8· ·are really assets of your estate, correct?
·9· · · · A.· ·The Fifth.
10· · · · Q.· ·Mr. Kwok, all assets held in the name of
11· ·your son Mileson Kwok are really assets of your
12· ·estate, correct?
13· · · · A.· ·The Fifth.
14· · · · Q.· ·Mr. Kwok, all assets held in the name of
15· ·your daughter Mei Guo are really assets of your
16· ·estate, correct?
17· · · · · · ·MR. ROMNEY:· Object to the form.
18· · · · A.· ·The Fifth.
19· ·BY MR. LUFT:
20· · · · Q.· ·Mr. Kwok, all assets held in the name of
21· ·your wife Hing Chi Ngok are actually assets of your
22· ·estate, correct?
23· · · · · · ·MR. ROMNEY:· Object to the form.
24· · · · A.· ·The Fifth.
·1· · · · · · · · · · · · ·H. Kwok　Page 48

·2· ·BY MR. LUFT:
·3· · · · Q.· ·Mr. Kwok, you have directed that numerous
·4· ·offshore companies, whether located in the BVI, Hong
·5· ·Kong, and elsewhere, be set up for purposes of
·6· ·holding your assets, correct?
·7· · · · A.· ·The Fifth.
·8· · · · Q.· ·Mr. Kwok, you have had these offshore
·9· ·companies set up in the name of your children, your
10· ·wife, and your business associates, correct?
11· · · · A.· ·The Fifth.
12· · · · Q.· ·Mr. Kwok, regardless of whether any of
13· ·these entities are listed in the name of your wife,
14· ·your daughter, your son, Ms. Wang, Mr. Krasner, or
15· ·any of your other business associates, in fact, you
16· ·own and control each of these offshore entities,
17· ·correct?
18· · · · · · ·MR. ROMNEY:· Object to the form.
19· · · · A.· ·The Fifth.
20· ·BY MR. LUFT:
21· · · · Q.· ·Mr. Kwok, the reason you had these
22· ·offshore entities set up was to obscure your
23· ·ownership of the assets that they held, correct?
24· · · · · · ·MR. ROMNEY:· Object to the form.
25· · · · A.· ·The Fifth.

·1· · · · · · · · · · · · ·H. Kwok　Page 49

·2· ·BY MR. LUFT:
·3· · · · Q.· ·Mr. Kwok, the reason you had these
·4· ·offshore entities set up and placed assets in them
·5· ·is to attempt to hide your assets from your
·6· ·creditors, correct?
·7· · · · A.· ·The Fifth.
·8· · · · Q.· ·Mr. Kwok, all entities for which your
·9· ·daughter Mei Guo is a member, director, or principal
10· ·are actually beneficially owned and controlled by
11· ·you, correct?
12· · · · · · ·MR. ROMNEY:· Object to form.
13· · · · A.· ·The Fifth.
14· ·BY MR. LUFT:
15· · · · Q.· ·Mr. Kwok, HK USA, HK International,
16· ·Eastern Profit Corporation Limited, Whitecroft Shore
17· ·Limited, Anton Development Limited, Anton
18· ·Development USA Limited LLC, GM27 LLC, Loss Draft
19· ·LLC, Gypsy May Productions LLC, Gypsy May Food
20· ·Service LLC, Hudson Diamond Holdings LLC, Hudson
21· ·Diamond New York LLC, Allied Capital Global Limited,
22· ·Creative Apex Investment Limited, Crystal Breeze
23· ·Investments Limited, Elite Well Global Limited,
24· ·Globalist International Limited, Infinite Increased
25· ·Limited, Infinium Developments Limited, Noble Fame

·1· · · · · · · · · · · · ·H. Kwok　Page 50

·2· ·Global Limited, Rosy Acme Ventures Limited, Leading
·3· ·Shine New York Limited, and Leading Shine Limited
·4· ·are all assets held in the name of your daughter but
·5· ·that you actually own and control, correct?
·6· · · · · · ·MR. ROMNEY:· Object to the form.
·7· · · · A.· ·The Fifth.
·8· ·BY MR. LUFT:
·9· · · · Q.· ·Mr. Kwok, all assets held in the name of
10· ·Mei Guo were purchased with funds exclusively owned
11· ·and controlled by you, correct?
12· · · · · · ·MR. ROMNEY:· Could the reporter read that
13· · · · back before the witness answers.
14· · · · · · ·(The last question was read back by the
15· · · · Reporter.)
16· · · · A.· ·The Fifth.
17· ·BY MR. LUFT:
18· · · · Q.· ·Mr. Kwok, all assets held in the name of
19· ·Mei Guo are exclusively owned and controlled by you,
20· ·correct?
21· · · · · · ·MR. ROMNEY:· Object to the form.
22· · · · A.· ·The Fifth.
23· ·BY MR. LUFT:
24· · · · Q.· ·Mr. Kwok, between 2015 and today, no funds
25· ·used to pay any expenses related to you, including

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·2· ·but not limited to living costs and legal expenses,
·3· ·were provided by Mei Guo and any entity she owns or
·4· ·controls?
·5· · · · · · ·MR. ROMNEY:· I apologize.· Could we have
·6· · · · that one read back as well.· I'm sorry.
·7· · · · · · ·(The last question was read back by the
·8· · · · Reporter.)
·9· · · · · · ·MR. ROMNEY:· Object to the form.
10· · · · A.· ·The Fifth.
11· ·BY MR. LUFT:
12· · · · Q.· ·Mr. Kwok, between 2015 and today, no funds
13· ·used to pay any expenses related to you, including
14· ·but not limited to living costs and legal expenses,
15· ·were provided by any family members of yours
16· ·residing in China, correct?
17· · · · · · ·MR. ROMNEY:· Object to the form.
18· · · · A.· ·The Fifth.
19· ·BY MR. LUFT:
20· · · · Q.· ·Mr. Kwok, Mei Guo has no source of income
21· ·other than from entities that you own and control,
22· ·correct?
23· · · · · · ·MR. ROMNEY:· Object to the form.
24· · · · A.· ·The Fifth.
·1· · · · · · · · · · · · ·H. Kwok　Page 52

·2· ·BY MR. LUFT:
·3· · · · Q.· ·Mr. Kwok, any funds Mei Guo receives from
·4· ·any entity you own and control are gifts from you to
·5· ·her, correct?
·6· · · · · · ·MR. ROMNEY:· Object to the form.
·7· · · · A.· ·The Fifth.
·8· ·BY MR. LUFT:
·9· · · · Q.· ·Mr. Kwok, any funds that Mei Guo and any
10· ·entities in her name received from any entity you
11· ·own and control remain funds under your control even
12· ·after being transferred to Ms. Guo, correct?
13· · · · A.· ·The Fifth.
14· · · · Q.· ·Mr. Kwok, Mei Guo has never been the CEO
15· ·of Pangu Plaza, correct?
16· · · · · · ·MR. ROMNEY:· Object to the form.
17· · · · A.· ·The Fifth.
18· ·BY MR. LUFT:
19· · · · Q.· ·Mr. Kwok, Mileson Kwok has no source of
20· ·income other from entities -- other than from
21· ·entities that you own and control, correct?
22· · · · A.· ·The Fifth.
23· · · · Q.· ·Mr. Kwok, any funds that Mileson Kwok and
24· ·any entities in his name received from any entity
25· ·you own and control remain funds under your control

·1· · · · · · · · · · · · ·H. Kwok　Page 53

·2· ·even after being transferred to Mileson Kwok,
·3· ·correct?
·4· · · · · · ·MR. ROMNEY:· Object to the form.
·5· · · · A.· ·The Fifth.
·6· ·BY MR. LUFT:
·7· · · · Q.· ·Mr. Kwok, any funds Mileson Kwok receives
·8· ·from any entity you own and control are gifts from
·9· ·you, correct?
10· · · · · · ·MR. ROMNEY:· Object to the form.
11· · · · A.· ·The Fifth.
12· ·BY MR. LUFT:
13· · · · Q.· ·Mr. Kwok, between 2015 and today, no funds
14· ·used to pay any expenses related to you, including
15· ·but not limited to living costs and legal expenses,
16· ·were provided by Mileson Kwok and any entity he owns
17· ·and controls?
18· · · · · · ·MR. ROMNEY:· Object to the form.
19· · · · A.· ·The Fifth.
20· ·BY MR. LUFT:
21· · · · Q.· ·Mr. Kwok, all entities for which your son
22· ·Mileson Kwok is named as a member, director or
23· ·principal are actually beneficially owned and
24· ·controlled by you, correct?
25· · · · · · ·MR. ROMNEY:· Object to the form.

·1· · · · · · · · · · · · ·H. Kwok　Page 54

·2· · · · A.· ·The Fifth.
·3· ·BY MR. LUFT:
·4· · · · Q.· ·Mr. Kwok, Golden Spring New York Limited,
·5· ·Lamp Capital LLC, Bravo Luck Limited, Infinity
·6· ·Treasury Management, Inc., Saraca Media Group, Inc.,
·7· ·K Legacy Limited, Well Origin Limited, ACA Hong Kong
·8· ·Investment Holdings Group Limited, and
·9· ·Powerwell Flowable Limited are all entities held in
10· ·the name of your son Miles Kwok, but, in fact, are
11· ·owned and controlled by you, correct?
12· · · · · · ·MR. ROMNEY:· Object to the form.
13· · · · A.· ·The Fifth.
14· ·BY MR. LUFT:
15· · · · Q.· ·Mr. Kwok, the entity known as Kingdom Rich
16· ·Limited is owned and controlled by you, not your
17· ·son, correct?
18· · · · A.· ·The Fifth.
19· · · · Q.· ·Mr. Kwok, all assets held in the name of
20· ·your son Mileson Kwok were purchased with funds
21· ·owned and controlled by you, correct?
22· · · · · · ·MR. ROMNEY:· Object to the form.
23· · · · A.· ·The Fifth.
24· ·BY MR. LUFT:
25· · · · Q.· ·Mr. Kwok, all assets held in the name of

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·2· ·your son Mileson Kwok are, in fact, owned and
·3· ·controlled by you, correct?
·4· · · · · · ·MR. ROMNEY:· Object to form.
·5· · · · A.· ·The Fifth.
·6· ·BY MR. LUFT:
·7· · · · Q.· ·Mr. Kwok, this includes the residence at
·8· ·5 Princess Gate, London, correct?
·9· · · · A.· ·The Fifth.
10· · · · Q.· ·Mr. Kwok, you own and control your son
11· ·Mileson Kwok's collection of cars, correct?
12· · · · A.· ·The Fifth.
13· · · · · · ·MR. ROMNEY:· Avi, we're getting pretty far
14· · · · afield of the issues in this adversary
15· · · · proceeding.· I've been giving quite a bit of
16· · · · leeway, but I am going to have to start
17· · · · directing the witness not to answer, and we'll
18· · · · move for a protective order if we have to.
19· · · · · · ·I don't believe there's any allegations
20· · · · concerning cars in the counterclaims that we're
21· · · · here discussing today.
22· · · · · · ·MR. LUFT:· I disagree, I think.· But I
23· · · · have a couple of wrap-up questions right here,
24· · · · and then I think we'll -- my next set of
25· · · · questions, I think you'll see -- I don't think

·1· · · · · · · · · · · · ·H. Kwok　Page 56

·2· · · · there will be any dispute between us as to
·3· · · · their relevance.
·4· ·BY MR. LUFT:
·5· · · · Q.· ·Mr. Kwok, no assets held in the name of
·6· ·your son Mileson Kwok are owned or controlled by any
·7· ·of your -- his family members other than you,
·8· ·correct?
·9· · · · · · ·MR. ROMNEY:· Object to the form.
10· · · · A.· ·The Fifth.
11· ·BY MR. LUFT:
12· · · · Q.· ·Mr. Kwok, no assets held in the name of
13· ·your son Mileson Kwok were purchased with funds
14· ·owned or controlled by any of its family members
15· ·other than you, correct?
16· · · · · · ·MR. ROMNEY:· Object to the form.
17· · · · A.· ·The Fifth.
18· ·BY MR. LUFT:
19· · · · Q.· ·Mr. Kwok, on October 3, 2006, you
20· ·incorporated a Hong Kong entity named Hong Kong
21· ·International Funds Limited, which we've been
22· ·referring to as HK International, correct?
23· · · · A.· ·The Fifth.
24· · · · Q.· ·Mr. Kwok, at that time, all assets of Hong
25· ·Kong International belonged to you, correct?

·1· · · · · · · · · · · · ·H. Kwok　Page 57

·2· · · · · · ·MR. ROMNEY:· Object to the form.
·3· · · · A.· ·The Fifth.
·4· ·BY MR. LUFT:
·5· · · · Q.· ·Mr. Kwok, you were Hong Kong
·6· ·International's sole shareholder and director up to
·7· ·and through October 10, 2014, correct?
·8· · · · A.· ·The Fifth.
·9· · · · Q.· ·Mr. Kwok, in October 2014, Natasha Qu,
10· ·also known as Qu Guo Jiao was your financial
11· ·manager, correct?
12· · · · A.· ·The Fifth.
13· · · · Q.· ·And Ms. Qu handled your financial affairs
14· ·at that time, correct?
15· · · · A.· ·The Fifth.
16· · · · Q.· ·Mr. Kwok, at that time Ms. Qu was your
17· ·employee and acted as your agent on all matters
18· ·relating to your finances, correct?
19· · · · · · ·MR. ROMNEY:· Object to the form.
20· · · · A.· ·The Fifth.
21· ·BY MR. LUFT:
22· · · · Q.· ·Mr. Kwok, the Declaration of Trust that
23· ·was entered into between you and Ms. Qu, which has
24· ·been marked as Exhibit 1, identified Ms. Qu as the
25· ·trustee and you as the beneficiary, correct?

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·1· · · · · · · · · · · · ·H. Kwok　Page 58

·2· · · · · · ·MR. ROMNEY:· Object to the form.
·3· · · · A.· ·The Fifth.
·4· ·BY MR. LUFT:
·5· · · · Q.· ·Mr. Kwok, that Declaration of Trust which
·6· ·has been marked as Exhibit 1, which I'll refer to as
·7· ·"HK International Declaration of Trust," was entered
·8· ·into with Ms. Qu -- sorry -- that was entered into
·9· ·with Ms. Qu, authorized and requested Ms. Qu to hold
10· ·your main shares in Hong Kong International,
11· ·correct?
12· · · · · · ·MR. LUFT:· I'm going to strike that
13· · · · question, because I don't think it came across
14· · · · clearly.
15· ·BY MR. LUFT:
16· · · · Q.· ·Mr. Kwok, pursuant to the Hong Kong
17· ·International Declaration of Trust you entered into
18· ·with Ms. Qu, you authorized and requested Ms. Qu to
19· ·hold in your name shares in Hong Kong International,
20· ·correct?
21· · · · A.· ·The Fifth.
22· · · · Q.· ·Mr. Kwok, the Hong Kong International
23· ·Declaration of Trust that you entered into with
24· ·Ms. Qu provides that the shares you transferred to
25· ·Ms. Qu do not belong to Ms. Qu, but to you, as the

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·2· ·beneficiary under the agreement, correct?
·3· · · · · · ·MR. ROMNEY:· Object to the form.
·4· · · · A.· ·The Fifth.
·5· ·BY MR. LUFT:
·6· · · · Q.· ·Mr. Kwok, the HK International Declaration
·7· ·of Trust that you entered into with Ms. Qu provides
·8· ·that Ms. Qu would hold the shares in Hong Kong
·9· ·International that you transferred to her as nominee
10· ·and in trust for you, correct?
11· · · · A.· ·The Fifth.
12· · · · Q.· ·Mr. Kwok, pursuant to the HK International
13· ·Declaration of Trust that you entered into with
14· ·Ms. Qu, Ms. Qu was to exercise the rights in
15· ·connection with the HK International shares that you
16· ·transferred to her solely at your direction,
17· ·correct?
18· · · · · · ·MR. ROMNEY:· Object to the form.
19· · · · A.· ·The Fifth.
20· ·BY MR. LUFT:
21· · · · Q.· ·Mr. Kwok, even after October 10, 2014, you
22· ·continued to beneficially own HK International
23· ·pursuant to the undisclosed HK International
24· ·Declaration of Trust, correct?
25· · · · · · ·MR. ROMNEY:· Object to the form.· Also,

·1· · · · · · · · · · · · ·H. Kwok　Page 60

·2· · · · asked and answered.
·3· · · · · · ·THE WITNESS:· Asked and answered.· Okay.
·4· · · · A.· ·The Fifth.
·5· ·BY MR. LUFT:
·6· · · · Q.· ·Mr. Kwok, after October 10, 2014, you
·7· ·continued to control HK International, correct?
·8· · · · · · ·MR. ROMNEY:· Objection.· Asked and
·9· · · · answered.
10· · · · A.· ·I'm quite confused.· You're asking the
11· ·same questions.· Every time, the same questions
12· ·again and again.
13· ·BY MR. LUFT:
14· · · · Q.· ·Mr. Kwok, I don't believe I am.· Your
15· ·counsel is free to raise an asked-and-answered
16· ·objection, even though it is not an appropriate
17· ·objection at a deposition.· With that said, he's
18· ·free to raise it, but I still will need you to
19· ·answer the question.
20· · · · A.· ·The Fifth.
21· · · · Q.· ·Mr. Kwok, on February 23, 2015,
22· ·HK International purchased the Lady May for
23· ·EUR 28 million from Apsley Yacht Limited at your
24· ·direction, correct?
25· · · · · · ·MR. ROMNEY:· Object to the form.

·1· · · · · · · · · · · · ·H. Kwok　Page 61

·2· · · · A.· ·The Fifth.
·3· ·BY MR. LUFT:
·4· · · · Q.· ·Mr. Kwok, in February 2015, you
·5· ·exclusively beneficially owned and controlled
·6· ·Bravo Luck Limited, correct?
·7· · · · · · ·MR. ROMNEY:· Objection.
·8· · · · A.· ·The Fifth.
·9· ·BY MR. LUFT:
10· · · · Q.· ·Mr. Kwok, today you still beneficially own
11· ·and control Bravo Luck Limited, correct?
12· · · · A.· ·The Fifth.
13· · · · Q.· ·Mr. Kwok, on February 23, 2015, Bravo Luck
14· ·Limited transferred, at your direction, funds from a
15· ·Bravo Luck bank account at UBS that you exclusively
16· ·control, correct?
17· · · · · · ·MR. ROMNEY:· Object to the form.
18· · · · A.· ·The Fifth.
19· · · · · · ·MR. LUFT:· I'm going to ask that the court
20· · · · reporter mark as Kwok PJR Deposition Exhibit 2,
21· · · · document bearing the Bates stamp UBS00137
22· · · · through 156.
23· · · · · · ·Will, that's tab 190, if you could put it
24· · · · up.
25· · · · · · ·(Kwok PJR Exhibit 2 was received and

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·1· · · · · · · · · · · · ·H. Kwok　Page 62

·2· · · · marked for identification, as of this date.)
·3· ·BY MR. LUFT:
·4· · · · Q.· ·Mr. Kwok, do you recognize this document?
·5· · · · · · ·MR. ROMNEY:· Could you make that larger?
·6· · · · A.· ·The Fifth.
·7· ·BY MR. LUFT:
·8· · · · Q.· ·Mr. Kwok, this is a 2015 UBS bank
·9· ·statement for Bravo Luck showing funds that you
10· ·beneficially owned and controlled in that account,
11· ·correct?
12· · · · A.· ·The Fifth.
13· · · · Q.· ·Mr. Kwok, the funds held by -- in that
14· ·Bravo Luck account on your behalf at UBS came from
15· ·Eastern Profit Corporation in the amount of
16· ·370 million and Hong Kong International in the
17· ·amount of 150 million, both entities that you owned
18· ·and controlled, correct?
19· · · · · · ·MR. ROMNEY:· Object to the form.
20· · · · A.· ·The Fifth.
21· · · · · · ·MR. LUFT:· I'll ask the court reporter to
22· · · · mark, as Kwok PJR Deposition Exhibit 3, a
23· · · · document Bates-stamped UBS02746.
24· · · · · · ·(Kwok PJR Exhibit 3 was received and
25· · · · marked for identification, as of this date.)

·1· · · · · · · · · · · · ·H. Kwok　Page 63

·2· ·BY MR. LUFT:
·3· · · · Q.· ·This shows the UBS wire transfer of
·4· ·25 million for purposes of purchasing the Lady May?
·5· · · · · · ·MR. ROMNEY:· Is that a question?· I didn't
·6· · · · know if you were talking.
·7· · · · · · ·MR. LUFT:· I'm just setting it up.· I will
·8· · · · ask him a question once he can see it, Aaron.
·9· · · · · · ·MR. ROMNEY:· Yeah, yeah.· That's -- I just
10· · · · wanted clarification.· Thank you.
11· · · · · · ·MR. LUFT:· Fine.· I didn't want to ask him
12· · · · the question before he could see the document.
13· · · · · · ·MR. ROMNEY:· Yep.
14· · · · · · ·Could you make that a bit bigger, please.
15· · · · · · ·Thank you.
16· ·BY MR. LUFT:
17· · · · Q.· ·Mr. Kwok, first of all, if we scroll down,
18· ·do you recognize the signature on the document?
19· · · · A.· ·The Fifth.
20· · · · Q.· ·Mr. Kwok, that's your signature, correct?
21· · · · A.· ·The Fifth.
22· · · · Q.· ·Mr. Kwok, this is a UBS wire transfer
23· ·document showing the transfer of \$25 million of
24· ·funds from the UBS bank account we just saw a
25· ·statement for in Exhibit 2 that were used for

·1· · · · · · · · · · · · ·H. Kwok　Page 64

·2· ·purchases of acquiring the Lady May for you,
·3· ·correct?
·4· · · · A.· ·The Fifth.
·5· · · · · · ·MR. ROMNEY:· Avi, has this Exhibit 2 been
·6· · · · produced to the parties in this adversary
·7· · · · proceeding?
·8· · · · · · ·MR. LUFT:· I'll have to get back to you on
·9· · · · that.
10· · · · · · ·MR. ROMNEY:· Okay.· Thank you.
11· ·BY MR. LUFT:
12· · · · Q.· ·Mr. Kwok, you had exclusive control over
13· ·the UBS bank account that we have been discussing,
14· ·correct?
15· · · · A.· ·The Fifth.
16· · · · Q.· ·Mr. Kwok, your son Mileson Kwok had no
17· ·involvement in any transaction relating to
18· ·HK International's acquisition of the Lady May,
19· ·correct?
20· · · · A.· ·The Fifth.
21· · · · · · ·MR. LUFT:· Aaron, it is 1:22.· Do you guys
22· · · · want to take a lunch break?· Do you want to
23· · · · keep going?
24· · · · · · ·I'm also conscious of the court reporter
25· · · · and the videographer -- and the translator.

·1· · · · · · · · · · H. Kwok　Page 65

·2· ·Sorry, Jingyi.
·3· · · · MR. ROMNEY:· What's your over/under on
·4· ·what you've got left for the day?
·5· · · · (A discussion was held off the record.)
·6· · · · THE VIDEOGRAPHER:· We're going off the
·7· ·record at 1:22 p.m.
·8· · · · (At 1:22 p.m. a luncheon recess was
·9· ·taken.)
10· · · · (At 2:00 p.m. the deposition resumes.)

·1· · · · · · · · · · · · ·H. Kwok　Page 66

·2· ·************************************************
·3· · · · · · A F T E R N O O N· ·S E S S I O N
·4· ·************************************************
·5· · · · · · ·THE VIDEOGRAPHER:· We're back on the
·6· · · · record at 2:00 p.m.
·7· ·BY MR. LUFT:
·8· · · · Q.· ·Good afternoon, Mr. Kwok.
·9· · · · A.· ·Good afternoon.
10· · · · Q.· ·Mr. Kwok, you're familiar with the
11· ·proposed Chapter 11 plan that was submitted in your
12· ·Chapter 11 case, correct?
13· · · · A.· ·The Fifth.
14· · · · Q.· ·Mr. Kwok, you're aware that under the plan
15· ·proposed and put forth by your counsel at
16· ·Brown Rudnick, there was a reference to there being
17· ·a quote-unquote "boat contribution," correct?
18· · · · A.· ·The Fifth.
19· · · · Q.· ·Mr. Kwok, under the plan for the boat
20· ·contribution, that provided for the Lady May to be
21· ·contributed to a creditor trust, correct?
22· · · · A.· ·The Fifth.
23· · · · Q.· ·Mr. Kwok, at the time the Chapter 11 plan
24· ·was proposed, including the boat contribution, you
25· ·were the beneficial owner and controlled the

·1· · · · · · · · · · · · ·H. Kwok　Page 67

·2· ·Lady May, correct?
·3· · · · A.· ·The Fifth.
·4· · · · Q.· ·Mr. Kwok, the boat contribution under the
·5· ·proposed plan was not actually a contribution to be
·6· ·made by HK USA because your estate already
·7· ·beneficially owned and controlled the Lady May,
·8· ·correct?
·9· · · · · · ·MR. ROMNEY:· Object to the form.
10· · · · A.· ·The Fifth.
11· ·BY MR. LUFT:
12· · · · Q.· ·Mr. Kwok, you're aware that HK USA filed
13· ·an adversary proceeding against you claiming
14· ·ownership of the Lady May, correct?
15· · · · A.· ·The Fifth.
16· · · · Q.· ·Mr. Kwok, you're aware that that adversary
17· ·proceeding was filed by HK USA so that the Lady May
18· ·would be treated as a contribution by HK USA and
19· ·your daughter Mei Guo for purposes of justifying
20· ·them receiving a release under the plan, correct?
21· · · · · · ·MR. ROMNEY:· Object to the form.
22· · · · A.· ·The Fifth.
23· ·BY MR. LUFT:
24· · · · Q.· ·Mr. Kwok, the plan to file the adversary
25· ·proceeding simultaneous with the boat contribution

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·1· · · · · · · · · · · · ·H. Kwok

·2· ·under the plan was a joint plan arrived at by your
·3· ·counsel as well as counsel for HK USA, correct?
·4· · · · A.· ·The Fifth.
·5· · · · Q.· ·Mr. Kwok, you were represented by a man
·6· ·named Aaron Mitchell for purposes of these
·7· ·proceedings, correct?
·8· · · · A.· ·The Fifth.
·9· · · · Q.· ·Mr. Mitchell was simultaneously serving as
10· ·counsel to HK USA and Mei Guo, correct?
11· · · · · · ·MR. ROMNEY:· Object to the form.
12· · · · A.· ·The Fifth.
13· ·BY MR. LUFT:
14· · · · Q.· ·For purposes of representing you for your
15· ·Chapter 11 proceeding and HK USA and Mei Guo in
16· ·connection with the Chapter 11 proceeding in the
17· ·adversary action, you believe there to be no
18· ·conflict of interest for Mr. Mitchell because you
19· ·beneficially owned and controlled both your estate
20· ·and HK USA and the Lady May, correct?
21· · · · A.· ·The Fifth.
22· · · · · · ·MR. LUFT:· I'm going to ask that Kwok
23· · · · PJR Deposition Exhibit 4 -- let me strike that.
24· · · · · · ·I'm going to ask that ECF299 -- which is
25· · · · the stipulated order compelling

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·1· · · · · · · · · · · · ·H. Kwok　Page 69

·2· · · · HK International Funds Investments (USA)
·3· · · · Limited, LLC to transport and deliver that
·4· · · · Certain Yacht, the "Lady May" -- be marked as
·5· · · · Kwok PJR Deposition Exhibit No. 4, and that it
·6· · · · be shown to the witness.
·7· · · · · · ·(Kwok PJR Exhibit 4 was received and
·8· · · · marked for identification, as of this date.)
·9· ·BY MR. LUFT:
10· · · · Q.· ·Mr. Kwok, through your counsel, you've
11· ·agreed to be bound by this order, correct?
12· · · · A.· ·I don't understand the English.
13· · · · Q.· ·My question is did you direct your counsel
14· ·to agree that you'd be bound by this stipulated
15· ·order which has been marked as Exhibit 4?
16· · · · A.· ·The Fifth.
17· · · · Q.· ·Mr. Kwok, you directed counsel for HK USA
18· ·to agree to be bound by this agreement, correct?
19· · · · A.· ·The Fifth.
20· · · · Q.· ·Mr. Kwok, as the beneficial owner and the
21· ·person in control of HK USA, you instructed your
22· ·daughter to agree to be bound by this agreement,
23· ·correct?
24· · · · A.· ·The Fifth.
25· · · · Q.· ·Mr. Kwok, you agreed for William Je to

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·2· ·send \$37 million to be posted as a bond on April 13,
·3· ·2022, correct?
·4· · · · A.· ·The Fifth.
·5· · · · Q.· ·Mr. Kwok, the loan agreement between
·6· ·Mr. Je's -- let me strike that.
·7· · · · · · ·Mr. Kwok, the loan agreement between
·8· ·Himalaya Capital and HK USA, both entities that you
·9· ·own and control, was agreed to on April 19, 2022,
10· ·correct?
11· · · · · · ·MR. ROMNEY:· Object to the form.
12· · · · A.· ·The Fifth.
13· ·BY MR. LUFT:
14· · · · Q.· ·Mr. Kwok, you directed both HK USA and
15· ·Himalaya Capital to enter into the \$37 million loan
16· ·agreement, correct?
17· · · · A.· ·The Fifth.
18· · · · Q.· ·Mr. Kwok, sorry.· I have been referring to
19· ·them as "Himalaya International Capital."· What I
20· ·meant was Himalaya International Financial Group
21· ·Limited.
22· · · · · · ·Does that correction change any of your
23· ·answers?
24· · · · · · ·MR. ROMNEY:· Objection.
25· · · · A.· ·The Fifth.　·1· · · · · · · · · · · · ·H. Kwok　Page 70

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·1· · · · · · · · · · · · ·H. Kwok　Page 71

·2· ·BY MR. LUFT:
·3· · · · Q.· ·For clarity, Mr. Kwok, you owned and
·4· ·controlled Himalaya International Financial Group in
·5· ·April 2022, correct?
·6· · · · · · ·MR. ROMNEY:· Asked and answered.
·7· · · · A.· ·The Fifth.
·8· ·BY MR. LUFT:
·9· · · · Q.· ·Mr. Kwok, the terms set out in Exhibit 4,
10· ·which is the stipulated order compelling
11· ·HK International Funds Investments to transport and
12· ·deliver the Lady May, were irrelevant to your
13· ·decision to have Himalaya International Financial
14· ·Group loan \$37 million to HK USA, correct?
15· · · · · · ·MR. ROMNEY:· Object to the form.
16· · · · A.· ·The Fifth.
17· ·BY MR. LUFT:
18· · · · Q.· ·Mr. Kwok, you would have had -- sorry.
19· ·Let me strike that.
20· · · · · · ·Mr. Kwok, HK USA entered into the
21· ·\$37 million loan with Himalaya International
22· ·Financial Group Limited at your direction regardless
23· ·of any terms that were to be agreed to regarding the
24· ·stipulated order compelling the return of the
25· ·Lady May, correct?

·1· · · · · · · · · · · · ·H. Kwok　Page 72

·2· · · · A.· ·The Fifth.
·3· · · · · · ·MR. ROMNEY:· Could I have that question
·4· · · · read back?
·5· · · · · · ·THE WITNESS:· Sorry.· I think I had --
·6· · · · perhaps I had something bad for lunch.· I'm
·7· · · · feeling uncomfortable and I need to use the
·8· · · · bathroom and it might take a while.
·9· · · · · · ·MR. LUFT:· Mr. Kwok, that's fine.· Take
10· · · · care of whatever needs that you have and I will
11· · · · be here when you get back.
12· · · · · · ·THE VIDEOGRAPHER:· We're going off the
13· · · · record at 2:18 p.m.
14· · · · · · ·(Recess.)
15· · · · · · ·THE VIDEOGRAPHER:· We're back on the
16· · · · record at 2:27 p.m.
17· ·BY MR. LUFT:
18· · · · Q.· ·Mr. Kwok, prior to Himalaya International
19· ·Financial Group Limited, the party -- the entity
20· ·that was going to loan HK USA the \$37 million was
21· ·ACA Capital Group Limited, correct?
22· · · · A.· ·The Fifth.
23· · · · Q.· ·Mr. Kwok, you're the exclusive beneficial
24· ·owner of ACA Capital Group Limited, correct?
25· · · · A.· ·The Fifth.

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·1· · · · · · · · · · · · ·H. Kwok

·2· · · · Q.· ·Mr. Kwok, you have exclusive control over
·3· ·ACA Capital Group Limited, correct?
·4· · · · A.· ·The Fifth.
·5· · · · Q.· ·Mr. Kwok, you're the beneficial owner of
·6· ·all assets of ACA Capital Group Limited, correct?
·7· · · · A.· ·The Fifth.
·8· · · · Q.· ·And Mr. Kwok, you have exclusive control
·9· ·over the assets of ACA Capital Group Limited,
10· ·correct?
11· · · · A.· ·The Fifth.
12· · · · Q.· ·Mr. Kwok, you have exclusive control over
13· ·Saraca Media Group Limited, correct?
14· · · · A.· ·The Fifth.
15· · · · Q.· ·Mr. Kwok, you have exclusive beneficial
16· ·ownership of Saraca Media Group, correct?
17· · · · · · ·Mr. Kwok, you have exclusive beneficial --
18· ·you're the exclusive beneficial owner of
19· ·Saraca Media Group, correct?
20· · · · A.· ·The Fifth.
21· · · · Q.· ·Mr. Kwok, the reason you had \$37 million
22· ·sent over to post as a bond was so that you could
23· ·stay out of jail, correct?
24· · · · · · ·MR. ROMNEY:· Object to the form.
25· · · · A.· ·The Fifth.

·1· · · · · · · · · · · · ·H. Kwok　Page 74

·2· ·BY MR. LUFT:
·3· · · · Q.· ·Mr. Kwok, because you're motivated by
·4· ·staying out of jail, you would have had the
·5· ·\$37 million sent over to post as a bond regardless
·6· ·of any terms associated with its return or how it
·7· ·would be handled once the Lady May arrived, correct?
·8· · · · · · ·MR. ROMNEY:· Object to the form.
·9· · · · A.· ·The Fifth.
10· · · · · · ·MR. LUFT:· Mr. Kwok, I want to show you
11· · · · what I'll mark as an exhibit, a video from Vice
12· · · · that I'll ask my colleague to play.· It will be
13· · · · marked as Exhibit 5.
14· · · · · · ·(Kwok PJR Exhibit 5 was received and
15· · · · marked for identification, as of this date.)
16· · · · · · ·THE WITNESS:· Is there a question?
17· · · · · · ·MR. LUFT:· I'm sorry, Mr. Kwok, there was
18· · · · not.· There was not any audio.· Once I can get
19· · · · it to play, I'll ask you a question.
20· · · · · · ·Anyone hear sound?
21· · · · · · ·MR. ROMNEY:· We do not hear any sound.
22· · · · · · ·MR. FARMER:· Sound issue.· Sorry.
23· · · · · · ·MR. LUFT:· Take your time, Will.
24· · · · · · ·THE WITNESS:· There's no sound.
25· · · · · · ·MR. FARMER:· In that case, we may need to

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·1· · · · · · · · · · · · ·H. Kwok

·2· · · · return to this exhibit and I'll investigate how
·3· · · · to adjust the audio.
·4· · · · · · ·MR. LUFT:· Why don't we play it through
·5· · · · once without the sound and we will do what we
·6· · · · can do and, Will, you can work on it.
·7· · · · · · ·Will, could you play Exhibit 5.
·8· · · · · · ·MR. FARMER:· (Complies.)
·9· · · · · · ·(Video played without audio.)
10· ·BY MR. LUFT:
11· · · · Q.· ·Mr. Kwok, do you recognize that you are
12· ·one of the people in that video?
13· · · · A.· ·The Fifth.
14· · · · Q.· ·Mr. Kwok, while we could not hear the
15· ·audio, under the subtitles there were repeated
16· ·references by you saying -- referring to "my yacht,"
17· ·correct?
18· · · · A.· ·The Fifth.
19· · · · Q.· ·And Mr. Kwok, the yacht you were referring
20· ·to when you told the interviewer from Vice News
21· ·about "my yacht" was the Lady May, correct?
22· · · · A.· ·The Fifth.
23· · · · Q.· ·Mr. Kwok, Exhibit 5 appears to be a true
24· ·and accurate copy of your interview with Vice News,
25· ·correct?

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·2· · · · A.· ·The Fifth.
·3· · · · · · ·MR. LUFT:· Will, could I ask you to put up
·4· · · · the next video.· And we'll mark it as
·5· · · · Exhibit 6.
·6· · · · · · ·(Kwok PJR Exhibit 6 was received and

·7· · · · marked for identification, as of this date.)
·8· · · · · · ·(Video played with audio.)
·9· ·BY MR. LUFT:
10· · · · Q.· ·Mr. Kwok, you are the person speaking in
11· ·the video that is Exhibit 6, correct?
12· · · · A.· ·The Fifth.
13· · · · Q.· ·Mr. Kwok, you were aboard the Lady May at
14· ·the time of the video, correct?
15· · · · A.· ·The Fifth.
16· · · · Q.· ·Mr. Kwok, this video was created in
17· ·November of 2022, correct?
18· · · · A.· ·The Fifth.
19· · · · Q.· ·Mr. Kwok, this video was posted on Vetter
20· ·(phonetic) social media network you own and control,
21· ·correct?
22· · · · A.· ·The Fifth.
23· · · · Q.· ·Mr. Kwok, the video that has been marked
24· ·as Exhibit 6 is a true and accurate copy of you
25· ·speaking on the deck of the Lady May in November of

·1· · · · · · · · · · · · ·H. Kwok　Page 77

·2· ·2022, correct?
·3· · · · A.· ·The Fifth.
·4· · · · · · ·MR. LUFT:· Will, could I ask you to play
·5· · · · the next video, which we'll mark as Kwok
·6· · · · PJR Deposition Exhibit No. 7.
·7· · · · · · ·(Kwok PJR Exhibit 7 was received and
·8· · · · marked for identification, as of this date.)
·9· · · · · · ·(Video played with audio.)
10· ·BY MR. LUFT:
11· · · · Q.· ·Mr. Kwok, the person speaking in that
12· ·video is you, correct?
13· · · · A.· ·The Fifth.
14· · · · Q.· ·And in the video, Mr. Kwok, that's a true
15· ·and accurate copy of an interview you gave,
16· ·Mr. Kwok?
17· · · · A.· ·The Fifth.
18· · · · Q.· ·Mr. Kwok, in the video you talk about
19· ·selling the Lady May, correct?
20· · · · A.· ·The Fifth.
21· · · · Q.· ·Mr. Kwok, in the video you talk about how
22· ·when you purchased the Lady May in 2015, it was
23· ·delivered to Miami at that time, correct?
24· · · · A.· ·The Fifth.
25· · · · Q.· ·Mr. Kwok, the Lady May has been in the

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·1· · · · · · · · · · · · ·H. Kwok　Page 78

·2· ·United States since 2015, correct?
·3· · · · A.· ·The Fifth.
·4· · · · Q.· ·Mr. Kwok, you have been in the
·5· ·United States the entire time that the Lady May has
·6· ·been in the United States, correct?
·7· · · · · · ·Let me strike that.
·8· · · · · · ·Mr. Kwok, you have been residing in the
·9· ·United States since 2015, correct?
10· · · · A.· ·The Fifth.
11· · · · Q.· ·Mr. Kwok, your daughter Mei Guo did not
12· ·come to the United States until 2017, correct?
13· · · · · · ·MR. ROMNEY:· Object to the form.
14· · · · A.· ·The Fifth.
15· ·BY MR. LUFT:
16· · · · Q.· ·Mr. Kwok, when the Lady May was purchased
17· ·in 2015, it was not delivered to the location where
18· ·Mei Guo was living but, in fact, was delivered to
19· ·the United States where you were living, correct?
20· · · · A.· ·The Fifth.
21· · · · Q.· ·Mr. Kwok, between the time the boat was
22· ·delivered to Miami in 2015 and June of 2017, you
23· ·used -- you boarded and sailed on the Lady May
24· ·frequently, correct?
25· · · · A.· ·The Fifth.

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·1· · · · · · · · · · · · ·H. Kwok
·2· · · · Q.· ·Mr. Kwok, at no time during this period
·3· ·did your daughter, Mei Guo, ever step foot on the
·4· ·Lady May, correct?
·5· · · · A.· ·The Fifth.
·6· · · · Q.· ·Mr. Kwok, your use of the Lady May between
·7· ·2015 and June 2017 is no different than your use of
·8· ·the Lady May from June 2017 until the present,
·9· ·correct?
10· · · · · · ·MR. ROMNEY:· Object to the form.
11· · · · A.· ·The Fifth.
12· · · · · · ·THE WITNESS:· Ms. Wang, I need to go to
13· · · · the bathroom again.· I'm feeling uncomfortable.
14· · · · · · ·MR. LUFT:· Let's take a break so that you
15· · · · can do so.
16· · · · · · ·THE WITNESS:· I'm really sorry.
17· · · · · · ·MR. LUFT:· No.· Please, take care of
18· · · · yourself.
19· · · · · · ·THE VIDEOGRAPHER:· We're going off the

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20· · · · record at 2:49 p.m.

- 21· · · · · · ·(Recess.)
- 22· · · · · · ·THE VIDEOGRAPHER:· We're back on the
- 23· · · · record at 2:54 p.m.

24· ·BY MR. LUFT:

25· · · · Q.· ·Mr. Kwok, I'm going to ask my colleague to

·1· · · · · · · · · · · · ·H. Kwok　Page 80

·2· ·put back up Exhibit 5, which I'm told now we have
·3· ·audio for.
·4· · · · · · ·MR. FARMER:· One moment.
·5· · · · · · ·(Video played with audio.)
·6· ·BY MR. LUFT:
·7· · · · Q.· ·Mr. Kwok, now that you could hear the
·8· ·audio of that video, do you agree that that is a
·9· ·true and accurate copy of the interview that you
10· ·gave with Vice News?
11· · · · A.· ·The Fifth.
12· · · · Q.· ·Mr. Kwok, you heard in that video which is
13· ·Exhibit 5 multiple references to "my yacht,"
14· ·correct?
15· · · · A.· ·The Fifth.
16· · · · Q.· ·And Mr. Kwok, the yacht that you were
17· ·referencing in Exhibit 5 repeatedly as "my yacht" is
18· ·the Lady May, correct?
19· · · · A.· ·The Fifth.
20· · · · · · ·MR. LUFT:· I'll ask my colleague, Will
21· · · · Farmer, to post the next video, which we'll
22· · · · mark as Exhibit 8 for this deposition.
23· · · · · · ·(Kwok PJR Exhibit 8 was received and
24· · · · marked for identification, as of this date.)
25· · · · · · ·(Video played with audio.)

·1· · · · · · · · · · · · ·H. Kwok　Page 81

·2· ·BY MR. LUFT:
·3· · · · Q.· ·Mr. Kwok, you see yourself in the top
·4· ·left-hand corner of that call -- the video of that
·5· ·call, with the name Miles under you?
·6· · · · A.· ·The Fifth.
·7· · · · Q.· ·Mr. Kwok, this is a true and accurate copy
·8· ·of a call that you conducted, correct?
·9· · · · A.· ·The Fifth.
10· · · · Q.· ·Mr. Kwok, on that call, you were telling
11· ·participants that if they had any questions, they
12· ·should reach out to William Je, correct?
13· · · · A.· ·The Fifth.
14· · · · Q.· ·And Mr. Kwok, in this video of the call
15· ·you conducted, you were telling the participants
16· ·that if they had questions relating to transferring
17· ·funds to entities you own and control, they should
18· ·speak to your agent, William Je, correct?
19· · · · A.· ·The Fifth.
20· · · · · · ·MR. LUFT:· Will, could you please -- I'll
21· · · · ask you to mark as Exhibit 9, the next exhibit,
22· · · · which, I believe, is a Tweet dated
23· · · · May 10, 2017.
24· · · · · · ·(Kwok PJR Exhibit 9 was received and
25· · · · marked for identification, as of this date.)

·1· · · · · · · · · · · · ·H. Kwok　Page 82

·2· ·BY MR. LUFT:
·3· · · · Q.· ·Mr. Kwok, do you recognize yourself in
·4· ·this exhibit?
·5· · · · A.· ·The Fifth.
·6· · · · Q.· ·Mr. Kwok, this is a true and accurate copy
·7· ·of the Tweet you posted, correct?
·8· · · · A.· ·The Fifth.
·9· · · · Q.· ·And in this Tweet, Mr. Kwok, from May 10,
10· ·2017, you state that you're posting photos of "the
11· ·yacht I gave to my daughter and named after her,"
12· ·correct?
13· · · · A.· ·The Fifth.
14· · · · Q.· ·Mr. Kwok, in this Tweet you also wrote
15· ·that "I bought the Lady May for EUR 41 million,"
16· ·correct?
17· · · · A.· ·The Fifth.
18· · · · Q.· ·Mr. Kwok, you see below it, if we could
19· ·scroll down, there's another Tweet from August 27,
20· ·2017.
21· · · · · · ·Do you see that Mr. Kwok?
22· · · · A.· ·Ms. Wang, what is the question?
23· · · · Q.· ·Whether you see the Tweet from
24· ·August 27, 2017 below the one where that is a
25· ·picture of you?

·1· · · · · · · · · · · · ·H. Kwok　Page 83

·2· · · · A.· ·The Fifth.
·3· · · · Q.· ·Do you see -- and this is a true and

·4· ·accurate copy of the Tweets you posted on August 27,
·5· ·2017, Mr. Kwok?
·6· · · · A.· ·The Fifth.
·7· · · · Q.· ·Mr. Kwok, in this Tweet you refer to the
·8· ·Lady May as "my ship," correct?
·9· · · · A.· ·The Fifth.
10· · · · Q.· ·And you wrote those words, correct, Mr.
11· ·Kwok?
12· · · · A.· ·The Fifth.
13· · · · Q.· ·Mr. Kwok, in this Tweet you also write
14· ·"This was two years ago, when I was in Miami, when I
15· ·had just signed the most important investment
16· ·contract of my life," exclamation point.
17· · · · · · ·Do you see that?
18· · · · A.· ·The Fifth.
19· · · · Q.· ·Mr. Kwok, who did you sign the most
20· ·important investment contract of your life with?
21· · · · A.· ·The Fifth.
22· · · · Q.· ·Mr. Kwok, you signed that investment
23· ·contract on your own behalf, not acting as anyone
24· ·else's agent, correct?
25· · · · A.· ·The Fifth.

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·2· · · · Q.· ·Mr. Kwok, what did you do with the assets
·3· ·you received from signing that investment contract?
·4· · · · A.· ·The Fifth.
·5· · · · Q.· ·Mr. Kwok, you own and control an entity
·6· ·called "HCHK Property Management Inc.," correct?
·7· · · · A.· ·The Fifth.
·8· · · · Q.· ·Mr. Kwok, and for the record, when
·9· ·referencing the video exhibits I've shown you today,
10· ·your answers would not change if I was describing
11· ·the videos as true and correct recordings as opposed
12· ·to true and correct copies, correct?
13· · · · A.· ·In this one, what's the question?
14· · · · Q.· ·When referencing the video exhibits we've
15· ·looked at today, meaning Exhibits 5, 6, 7, and 8, I
16· ·asked you if they were true and correct copies.
17· · · · · · ·And what I want to know is, your answers
18· ·would not change if I also asked you the same
19· ·question as to whether they're true and accurate
20· ·recordings of those videos, correct?
21· · · · A.· ·The Fifth.
22· · · · Q.· ·Mr. Kwok, you own and control a property
23· ·called "HCHK Technologies Inc.," correct?
24· · · · · · ·THE INTERPRETER:· HCHK Technologies, Inc.,
25· · · · is that the company's name?

·1· · · · · · · · · · · · ·H. Kwok　Page 85

·2· · · · · · ·MR. LUFT:· Yes, ma'am.
·3· · · · A.· ·The Fifth.
·4· ·BY MR. LUFT:
·5· · · · Q.· ·Mr. Kwok, a man named Elliot Dordick is
·6· ·affiliated with HCHK Technologies, Inc., and HCHK
·7· ·Property Management, Inc., correct?
·8· · · · A.· ·The Fifth.
·9· · · · Q.· ·Mr. Kwok, all actions and statements made
10· ·and taken by Mr. Dordick in relation to the
11· ·Chapter 11 trustee in this case, (indiscernible),
12· ·have been done at your direction and under your
13· ·control?
14· · · · · · ·MR. ROMNEY:· I'm going to object.· Again,
15· · · · we seem to be getting pretty far outside the
16· · · · scope of anything in this adversary proceeding.
17· · · · · · ·Go ahead an answer this one, but absent an
18· · · · offer of proof, I'm going to start instructing
19· · · · the witness not to answer to this line.
20· · · · · · ·Go ahead.
21· · · · A.· ·The Fifth.
22· ·BY MR. LUFT:
23· · · · Q.· ·Mr. Kwok, in addition to the Lady May, you
24· ·also own and control a second boat named the
25· ·Lady May II, correct?

·1· · · · · · · · · · · · ·H. Kwok　Page 86

·2· · · · A.· ·The Fifth.
·3· · · · Q.· ·The Lady May II, like the Lady May, is
·4· ·also an asset of your estate, correct?
·5· · · · · · ·MR. ROMNEY:· Object to the form.
·6· · · · A.· ·The Fifth.
·7· ·BY MR. LUFT:
·8· · · · Q.· ·Mr. Kwok, where is the Lady May II
·9· ·currently located?
10· · · · A.· ·The Fifth.
11· · · · Q.· ·Mr. Kwok, Daniel Podhaskie served as your
12· ·counsel previously, correct?
13· · · · A.· ·The Fifth.
14· · · · Q.· ·Mr. Podhaskie was your employee, correct?
15· · · · A.· ·The Fifth.
16· · · · Q.· ·Mr. Kwok, Mr. Podhaskie has acted as your
17· ·agent, correct?
18· · · · A.· ·The Fifth.
19· · · · Q.· ·Mr. Kwok, all actions Mr. Podhaskie took
20· ·as counsel to Golden Spring were, in fact, actions
21· ·taken at your direction and for your benefit,
22· ·correct?
23· · · · A.· ·The Fifth.
24· · · · Q.· ·Mr. Kwok, all actions taken by Daniel
25· ·Podhaskie relating to Golden Spring, Leading Shine

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·1· · · · · · · · · · · · ·H. Kwok　Page 87

·2· ·Limited, Saraca Media Group, Greenwich Land LLC,
·3· ·Rule of Law Society, and the Sherry-Netherland
·4· ·apartment were all taken at your direction, correct?
·5· · · · A.· ·The Fifth.
·6· · · · Q.· ·Mr. Kwok, Anthony D'Battista is also an
·7· ·employee of yours, correct?
·8· · · · A.· ·The Fifth.
·9· · · · Q.· ·Mr. D'Battista acts as your agent in
10· ·connection with his work related to all the G
11· ·entities in Saraca Media, correct?
12· · · · · · ·(Reporter clarification.)
13· ·BY MR. LUFT:
14· · · · Q.· ·Mr. Kwok, Mr. D'Battista acts as your
15· ·agent and under your direction in connection with
16· ·all of his activities related to the G entities, by
17· ·which I mean, G Fashion G Music G Club, Getter, as
18· ·well as Saraca Media, correct?
19· · · · A.· ·The Fifth.
20· · · · Q.· ·Mr. Kwok, you know who Fiona Yu is,
21· ·correct?
22· · · · A.· ·The Fifth.
23· · · · Q.· ·You directed Fiona Yu to speak as your
24· ·agent in connection with seeking legal advice
25· ·related to hiding the Lady May from your creditors

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·2· ·when she discussed this with your counsel, Hodgson
·3· ·Russ, correct?
·4· · · · A.· ·The Fifth.
·5· · · · Q.· ·Mr. Kwok, similarly, Ms. Yu took all
·6· ·actions related to ACA Capital Group Limited at your
·7· ·direction, correct?
·8· · · · A.· ·The Fifth.
·9· · · · Q.· ·And Mr. Kwok, you installed Fiona Yu as
10· ·the company secretary of ACA Capital Group Limited,
11· ·an entity you own and control, correct?
12· · · · A.· ·The Fifth.
13· · · · Q.· ·Mr. Kwok, Karen Maistrello is another
14· ·person who acts as your agent in connection with
15· ·your business transactions, correct?
16· · · · A.· ·The Fifth.
17· · · · · · ·MR. LUFT:· And for the record, Maistrello
18· · · · is spelled M-A-I-S-T-R-E-L-L-O.
19· · · · · · ·THE WITNESS:· Do I need to answer?
20· · · · · · ·MR. LUFT:· No.· I'm just providing that
21· · · · information to the Court Reporter, Mr. Kwok.
22· · · · There's nothing for you to do.
23· ·BY MR. LUFT:
24· · · · Q.· ·Mr. Kwok, Ms. Maistrello was an employee
25· ·of yours, correct?

·1· · · · · · · · · · · · ·H. Kwok　Page 89

·2· · · · A.· ·The Fifth.
·3· · · · Q.· ·Mr. Kwok, you're aware of a man named Han
·4· ·Chunguang?
·5· · · · A.· ·The Fifth.
·6· · · · Q.· ·Mr. Kwok, Eastern Profit Limited is an
·7· ·entity in the name of your daughter Mei Guo,
·8· ·correct?
·9· · · · A.· ·The Fifth.
10· · · · Q.· ·And Mr. Kwok, all actions taken by
11· ·Mr. Chunguang as relate to Eastern Profit are taken
12· ·at your direction, correct?
13· · · · · · ·MR. ROMNEY:· Object to the form.
14· · · · A.· ·The Fifth.
15· ·BY MR. LUFT:
16· · · · Q.· ·Mr. Kwok, Mr. Chunguang acts as your agent
17· ·in connection with all endeavors related to any
18· ·entities related to you, correct?
19· · · · · · ·MR. ROMNEY:· I'm going to object.· We're,
20· · · · once again, getting pretty far afield of the
21· · · · relatively narrow allegations back and forth in
22· · · · the HK adversary proceeding.
23· · · · · · ·MR. LUFT:· I disagree.· This is another
24· · · · entity in the name of Ms. Guo.
25· · · · · · ·MR. ROMNEY:· Another entity?

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·2· · · · · · ·MR. LUFT:· Right.· Consistent with a
·3· · · · pattern and practice of activities.
·4· · · · · · ·MR. ROMNEY:· You can answer the question.
·5· · · · I guess, getting pretty far afield, I have not
·6· · · · yet directed the witness not to answer a
·7· · · · question.· Based on relevance, I'm telling you
·8· · · · we're getting pretty close on this one.
·9· · · · · · ·Go ahead.
10· · · · A.· ·The Fifth.
11· ·BY MR. LUFT:
12· · · · Q.· ·And I apologize to Mr. Han.· I'm told Han
13· ·is his last name.
14· · · · · · ·Mr. Kwok, you understood who I was
15· ·referring to when I said Han Chunguang, that Han is
16· ·the last name?
17· · · · A.· ·The Fifth.
18· · · · Q.· ·And with that clarification, Mr. Kwok,
19· ·would that change any of the answers you've
20· ·previously given with regard to Mr. Han Chunguang?
21· · · · A.· ·The Fifth.
22· · · · Q.· ·Ms. Kwok, the Lady May was not the only
23· ·one of -- is not the only vehicle you owned and
24· ·controlled that you put in the name of your
25· ·daughter, correct?

·1· · · · · · · · · · · · ·H. Kwok　Page 91

·2· · · · · · ·MR. ROMNEY:· Object to the form.
·3· · · · A.· ·The Fifth.
·4· ·BY MR. LUFT:
·5· · · · Q.· ·Mr. Kwok, you, as a beneficial owner
·6· ·and -- control Whitecroft Shores Limited, which is a
·7· ·BVI corporation in the name of your daughter?
·8· · · · · · ·MR. ROMNEY:· The audio got muffled on that
·9· · · · one.
10· · · · · · ·MR. LUFT:· Sure.· I'm happy to ask it
11· · · · again.
12· ·BY MR. LUFT:
13· · · · Q.· ·Mr. Kwok, you beneficially owned and
14· ·controlled Whitecroft Shore Limited, a BVI
15· ·corporation that is listed in the name of your
16· ·daughter Mei Guo, correct?
17· · · · · · ·MR. ROMNEY:· Object to the form.
18· · · · A.· ·The Fifth.
19· ·BY MR. LUFT:
20· · · · Q.· ·Mr. Kwok, you placed your asset Bombardier
21· ·Global XRS with the -- a plane, with the serial
22· ·number 9189, into Whitecroft Shore Limited, correct?
23· · · · A.· ·The Fifth.
24· · · · Q.· ·Mr. Kwok, despite this plane being listed
25· ·under the name of Whitecroft Shore Limited at all

·1· · · · · · · · · · · · ·H. Kwok　Page 92

·2· ·times, you were the beneficial owner and controlled
·3· ·that plane, correct?
·4· · · · A.· ·The Fifth.
·5· · · · Q.· ·Mr. Kwok, you're similarly the beneficial
·6· ·owner and control an airbus, ACJ319, correct?
·7· · · · A.· ·The Fifth.
·8· · · · Q.· ·Mr. Kwok, all funds used to purchase the
·9· ·Bombardier Global XRS and airbus ACJ319 belong to
10· ·you, correct?
11· · · · A.· ·The Fifth.
12· · · · · · ·MR. ROMNEY:· Avi, I do think we need to
13· · · · start moving on.· I get your point and
14· · · · understand your point.· You're trying to prove
15· · · · some sort of course of conduct.· I'm not saying
16· · · · I agree with it, but I understand the concept
17· · · · that you're doing.· But I think delving into
18· · · · multiple layers that are of multiple entities
19· · · · in questions that are nearly identical is
20· · · · becoming extremely redundant, going outside the
21· · · · rule -- of the scope of Rule 26, and getting to
22· · · · the point of harassment-like behavior.
23· · · · · · ·And I'm not saying that to be
24· · · · disrespectful; I'm just saying that so we can
25· · · · all move on with our lives after today or move

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·2· · · · on with our lives today, because this is
·3· · · · getting extremely far outside the scope.
·4· · · · · · ·MR. LUFT:· Okay.· I hear your point. I
·5· · · · don't agree with you.· That said, I think you
·6· · · · understand the point I'm trying to make and why
·7· · · · I think that's pertinent.
·8· · · · · · ·I will try to move through.· I don't think
·9· · · · there's very much more, and I'll try to move
10· · · · through it quickly.
11· · · · · · ·MR. ROMNEY:· Thank you.
12· · · · · · ·MR. LUFT:· Okay.
13· · · · · · ·MR. ROMNEY:· All right.
14· · · · · · ·MR. LUFT:· Just a couple more entities and
15· · · · a couple more people, and I think we'll be
16· · · · okay.
17· ·BY MR. LUFT:
18· · · · Q.· ·Mr. Kwok, you're familiar with a person
19· ·named Zhang Wei, correct?
20· · · · A.· ·The Fifth.
21· · · · Q.· ·Mr. Kwok, any actions taken by Zhang Wei
22· ·related to any assets or entities related to you are
23· ·taken at your direction and under your control,
24· ·correct?
25· · · · · · ·MR. ROMNEY:· Object to the form.

·1· · · · · · · · · · · · ·H. Kwok　Page 94

·2· · · · A.· ·The Fifth.
·3· ·BY MR. LUFT:
·4· · · · Q.· ·Mr. Kwok, Zhang Wei was never the owner of
·5· ·Genever Holdings LLC, correct?
·6· · · · · · ·(Reporter clarification.)
·7· ·BY MR. LUFT:
·8· · · · Q.· ·Zhang Wei was never the owner of Genever,
·9· ·G-E-N-E-V-E-R, Holdings LLC, correct?
10· · · · · · ·MR. ROMNEY:· Object to the question.· It
11· · · · is related to another ongoing proceeding to
12· · · · which Ms. Guo and HKI are already obviously
13· · · · parties.· It's outside the scope of this
14· · · · adversary proceeding.
15· ·BY MR. LUFT:
16· · · · Q.· ·You can answer, Mr. Kwok.
17· · · · A.· ·The Fifth.
18· · · · Q.· ·Mr. Kwok, we talked about Bravo Luck
19· ·Limited earlier.
20· · · · · · ·Mr. Zhang Wei never was the owner of
21· ·Bravo Luck Limited, correct?
22· · · · A.· ·The Fifth.
23· · · · Q.· ·Last question with regard to this and I'll
24· ·move on.
25· · · · · · ·Mr. Zhang Wei was never the owner of

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·3· · · · A.· ·The Fifth.

·2· ·Genever Holdings Corporation, correct?

·5· ·control Greenwich Land LLC, correct?

·9· · · · adversary proceeding at all.

13· · · · · · ·MR. ROMNEY:· Okay.

12· · · · understand, okay?

14· ·BY MR. LUFT:

18· ·correct?

20· · · · A.· ·The Fifth.

24· ·Land LLC, correct?

21· ·BY MR. LUFT:

·4· · · · Q.· ·Mr. Kwok, you're the beneficial owner and

·6· · · · · · ·MR. ROMNEY:· I'm going to object and

·7· · · · direct the witness not to answer.· That is --

·8· · · · that entity doesn't relate to any party in this

11· · · · foundation and then, hopefully, you'll

10· · · · · · ·MR. LUFT:· So, Aaron, let me lay more of a

15· · · · Q.· ·Mr. Kwok, Max Krasner and Yvette Wang both

16· ·took actions related to the Lady May in connection

17· ·with their roles on your behalf with Golden Spring,

22· · · · Q.· ·Mr. Kwok, Mr. Krasner and Ms. Wang also

23· ·hold, at the same time, positions with Greenwich

25· · · · · · ·THE WITNESS:· Sorry.· I need to go to the

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

19· · · · · · ·MR. ROMNEY:· Object to the form.

·1· · · · · · · · · · · · ·H. Kwok　Page 96

·2· · · · bathroom again.· My belly is making some noises
·3· · · · again.
·4· · · · · · ·MR. LUFT:· Okay.· Mr. Kwok, I just need
·5· · · · you to answer this question because we can't
·6· · · · take a break while a question is pending, but
·7· · · · then I'll let you take a break.
·8· · · · A.· ·I've just answered this, the Fifth.
·9· · · · · · ·MR. LUFT:· Okay.· Let's take a break so
10· · · · you can go to the bathroom.
11· · · · · · ·THE VIDEOGRAPHER:· We're going off the
12· · · · record at 3:37 p.m.
13· · · · · · ·(Recess.)
14· · · · · · ·THE VIDEOGRAPHER:· We're back on the
15· · · · record at 3:43 p.m.
16· ·BY MR. LUFT:
17· · · · Q.· ·Mr. Kwok, I'm going to ask you again, you
18· ·are the beneficial owner and control Greenwich Land
19· ·LLC, correct?
20· · · · A.· ·The Fifth.
21· · · · Q.· ·Okay.· Mr. Kwok, I'm going to ask that the
22· ·document --
23· · · · · · ·MR. LUFT:· Will, if you could mark as Kwok
24· · · · PJR Deposition Exhibit 10 -- Will, if you could
25· · · · put up a document titled "Declaration of Trust

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·2· · · · and Agreement."· That's at tab 211.
·3· · · · · · ·(Kwok PJR Exhibit 10 was received and
·4· · · · marked for identification, as of this date.)
·5· · · · · · ·MR. LUFT:· Will, if you go to the last
·6· · · · page.
·7· ·BY MR. LUFT:
·8· · · · Q.· ·Mr. Kwok, do you recognize this document?
·9· · · · A.· ·The Fifth.
10· · · · Q.· ·Mr. Kwok, do you see your signature on
11· ·this page -- on the last page?
12· · · · A.· ·The Fifth.
13· · · · Q.· ·Mr. Kwok, this trust agreement, which
14· ·is -- purported trust agreement, which has been
15· ·marked as Exhibit 10, did not exist as of March 6,
16· ·2015, when closing occurred for the purchase of the
17· ·Sherry-Netherland apartment, correct?
18· · · · · · ·MR. ROMNEY:· I'm going to object.· This
19· · · · document, again, is the subject of a dispute.
20· · · · It's directly at issue in another adversary
21· · · · proceeding to which the parties are not here.
22· · · · I don't see any significance or any relevance
23· · · · whatsoever to this document to HK USA or
24· · · · Ms. Guo.
25· · · · · · ·MR. LUFT:· Well, the entity that entered

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·2· · · · into Bravo Luck Limited is the same entity that
·3· · · · purportedly funded the purchase of the Lady May
·4· · · · and the Sherry-Netherland apartment.· I think
·5· · · · it's directly relevant.· I'm happy not to spend
·6· · · · a lot of time on it, but I would like an answer
·7· · · · to my question.
·8· · · · A.· ·The Fifth.
·9· · · · · · ·MR. LUFT:· Mr. Kwok, why don't we take a
10· · · · five-minute break.· I may be done.· So let me
11· · · · just check my notes.· Is that okay?
12· · · · · · ·THE VIDEOGRAPHER:· We're going off the
13· · · · record at 3:47 p.m.
14· · · · · · ·(Recess.)
15· · · · · · ·THE VIDEOGRAPHER:· We're back on the
16· · · · record at 3:54 p.m.
17· · · · · · ·MR. LUFT:· Mr. Kwok, your counsel and I
18· · · · have discussed the idea that if the Court is
19· · · · amenable, that in lieu of you giving live
20· · · · testimony at the PJR hearing, that we can use
21· · · · this deposition transcript.· I hope the Court
22· · · · will agree to that.
23· ·BY MR. LUFT:
24· · · · Q.· ·But let me just ask, if for whatever
25· ·reason you were to have to give live testimony at

Case 22-50073 Doc 1604-48 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 100

YVer1f

·1· · · · · · · · · · · · ·H. Kwok

·4· ·answers to them?

·9· · · · question?

12· · · · you objected to today.

16· · · · · · ·MR. LUFT:· Okay.

19· ·to my question is "yes"?

25· · · · questions for the witness.

17· ·BY MR. LUFT:

20· · · · A.· ·Yes.

13· · · · · · ·MR. ROMNEY:· Thank you.

15· · · · just now.· That didn't get interpreted.

·2· ·this hearing and were asked the identical questions

·3· ·that you were asked today, would you give the same

·6· · · · question assumes the absence of an objection or

10· · · · · · ·MR. LUFT:· My question assumes no waiver

14· · · · · · ·THE INTERPRETER:· The witness said "yes"

18· · · · Q.· ·Just so we're clear Mr. Kwok, your answer

21· · · · · · ·MR. LUFT:· Mr. Kwok, I have no further

22· · · · questions for you at this time.· I thank you

24· · · · · · ·MR. ROMNEY:· Thank you.· I have no

23· · · · very much for the time you've given us today.

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

11· · · · of your right to object to any questions that

·5· · · · · · ·MR. ROMNEY:· Am I correct that the

·7· · · · an objection that was not sustained?

·8· · · · · · ·Is that a fair qualification on the

·1· · · · · · · · · · H. Kwok　Page 100

·2· · · · THE WITNESS:· I wanted to take this
·3· ·opportunity to also thank you -- say thank you
·4· ·to everybody here today.· I'm sorry that
·5· ·because I was feeling uncomfortable, so I
·6· ·wasted quite a bit of everybody's time.
·7· · · · But I want to say thank you for all the
·8· ·professional questions, and I also want to
·9· ·extend my thanks to you, the Interpreters,
10· ·including Ms. Wang and Luyi, as well as the
11· ·Court Reporter and all of the counsels present
12· ·today as well as our videographer.
13· · · · And I also want to say hello, please, to
14· ·pass on my greetings to the trust and Mr. Luc.
15· · · · MR. LUFT:· I will definitely pass those
16· ·greetings along, Mr. Kwok, and I will echo your
17· ·thanks to the Court Reporter, the videographer
18· ·and the translator, who all did a tremendous
19· ·job today.· Thank you.
20· · · · THE VIDEOGRAPHER:· This marks the end of
21· ·the deposition.· We're going off the record at
22· ·3:59 p.m.
23· · · · (Deposition continues - Next page)

·1　Page 101

·2· · · · · · ·MR. LUFT:· Standing order.
·3· · · · · · ·MR. ROMNEY:· We'll take a copy but no
·4· · · · rough.
·5· · · · · · ·MS. SONG:· Same thing.
·6· · · · · · ·MR. ROMNEY:· We will also ask for a copy
·7· · · · of the video as well.
·8
·9· · · · · · ·(Time noted:· 3:59 p.m.)

12· · · · · · · · · · · ·____________________________
13· · · · · · · · · · · ·HO WAN KWOK

15· ·Subscribed and sworn to
16· ·before me this· · ·day
17· ·of· · · · · · 2023.
18· ·_______________________

1　Page 102

2　CERTIFICATE

4　STATE OF CONNECTICUT )
5　:
ss
6　I, Angela M. Shaw-Crockett, a Certified Court
7　Reporter, Registered Merit Reporter and Notary Public within
8　and for the States of New York, New Jersey and Connecticut,
9　do hereby certify:
10　That HO WAN KWOK, the witness whose deposition is
11　hereinbefore set forth, was duly sworn by me and that such
12　deposition is a true record of the testimony given by such
13　witness.
14　I further certify that I am not related to any of
15　the parties to this action by blood or marriage and that I
16　am in no way interested in the outcome of this matter.
17　In witness whereof, I have hereunto set my hand
18　this 2nd day of March, 2023.

20　----------------------------------------
ANGELA M. SHAW-CROCKETT, CCR, CRR, RMR, CSR
21　LICENSE NO. XI00218400

·1　Page 103

·2· · · · · · · · · · ·C O N T E N T S
·3· ·MR. LUFT· · · · · · · · · · · · · · · · · · · · · · ·7
·4· · · · · · · · · · ·E X H I B I T S
·5· · · · · · ·(Retained by the court reporter)
·6· ·DEPOSITION· · · · · EXHIBIT· · · · · · · · · · ·PAGE
·7· ·Exhibit 1· ·Declaration of Trust· · · · · · · · · 19
·8· ·Exhibit 2· ·UBS Account Statement, Bravo Luck· · ·62
· · · · · · · · ·Ltd., Bates UBS00137
·9　10· · · · · · · ·UBS02746　· · ·Exhibit 3· ·Wire Transfer, 15 March 2015, Bates· ·63
11· ·Exhibit 4· ·Stipulated Order· · · · · · · · · · · 69
12· ·Exhibit 5· ·Video from Vice· · · · · · · · · · · ·74
13· ·Exhibit 6· ·Video· · · · · · · · · · · · · · · · ·76
14· ·Exhibit 7· ·Video· · · · · · · · · · · · · · · · ·77
15· ·Exhibit 8· ·Video· · · · · · · · · · · · · · · · ·80
16· ·Exhibit 9· ·Tweet, dated May 10, 2017· · · · · · ·82
17· ·Exhibit 10· Declaration of Trust and Agreement· · 97

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·1

·2· ·NAME OF CASE:· In Re: Ho Wan Kwok
·3· ·DATE OF DEPOSITION:· March 2, 2023
·4· ·NAME OF WITNESS:· Ho Wan Kwok
·5· ·Reason Codes:
·6· · · 1.· To clarify the record.
· · · · 2.· To conform to the facts.
·7· · · 3.· To correct transcription errors.
·8· ·Page _______ Line ________ Reason _________
· · ·From ______________________ to ___________________________
·9
10· ·Page _______ Line ________ Reason _________
· · ·From ______________________ to ___________________________

12· ·Page _______ Line ________ Reason _________
· · ·From ______________________ to ___________________________

14· ·Page _______ Line ________ Reason _________
· · ·From ______________________ to ___________________________

17　16· ·Page _______ Line ________ Reason _________
· · ·From ______________________ to ___________________________
18· ·Page _______ Line ________ Reason _________
19　· · ·From ______________________ to ___________________________
20· ·Page _______ Line ________ Reason _________
21　· · ·From ______________________ to ___________________________
22· ·Page _______ Line ________ Reason _________
23　· · ·From ______________________ to ___________________________
24· · · · · · · · · · · ·__________________________________
25　· · · · · · · · · · · · ·HO WAN KWOK