Guo Wengui / Miles Guo — bankruptcy case · EXHIBIT · ECF #2032-47

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

2 ·2· ·R E M O T E· ·A P P E A R A N C E S: 3· · · · · · · · · · March 2, 2023 ·3· ·PAUL HASTINGS LLP

4· · · · · · · · · ·10:28 a.m. ·4· · · · · 200 Park Avenue

6· · REMOTE VIDEOTAPED DEPOSITION OF HO WAN KWOK, · · ·BY:· AVRAM LUFT, ESQ. 7· · before Angela M. Shaw-Crockett, a Certified Court ·6· · · · DOUGLASS BARRON, ESQ. 8· · Reporter, Certified Realtime Reporter, Registered ·7 · · · · · WILL FARMER, ESQ. 9· · Merit Reporter and Notary Public of the States of ·8· ·CHIESA SHAHINIAN & GIANTOMASI PC 10· · New York, New Jersey, and Connecticut. · · · · · · Attorneys for HK INTERNATIONAL

13 10· · · · · West Orange, New Jersey 07052 14 12 11· ·BY:· ·PATRICIA BERGAMASCO, ESQ. 13· ·ZEISLER & ZEISLER P.C. 15 · · · · · · Attorneys for HK INTERNATIONAL

18 15· · · · · Bridgeport, Connecticut· 06604 19 17 16· ·BY:· ·AARON ROMNEY, ESQ. 20 18· ·ALSO PRESENT:· Matthew Chin-Quee, The Videographer 21 19· · · · · · · · · Luyi Song, Law Clerk, Paul Hastings 22 20· · · · · · · · · Jingyi Wang, Mandarin Interpreter 21· · · · · · · · · Una Wilkinson, Mandarin Check Interpreter 23 23 22· · · · · · · · · · · · · · · · · · · · ·**

·1· · · · · · · · · · H. Kwok ·1· · · · · · · · · · H. Kwok ·2· · · · THE VIDEOGRAPHER:· Good morning.· My name ·2· · · · THE VIDEOGRAPHER:· Thank you. ·3· ·is Matthew Chin-Quee.· I'm a legal videographer ·3· · · · This is the start of tape number 1 of the

·4· ·in association with TSG Reporting.· I won't be ·4· ·videotaped deposition of Ho Wan Kwok in the ·5· ·in the same room with the witness.· I'll record ·5· ·matter In Re: Ho Wan Kwok in the United States ·6· ·the deposition remotely.· The reporter, ·6· ·Bankruptcy Court District of Connecticut ·7· ·Angie Shaw-Crockett also will not be in the ·7· ·Bridgeport Division, number 22-50073 (JAM). ·8· ·same room and will swear the witness remotely. ·8· ·The parties have agreed to appear remotely on ·9· · · · Do parties stipulate to the validity of ·9· ·March 2, 2023, at approximately 10:28 a.m. 10· ·the video recording and remote swearing and 10· · · · My name is Matthew Chin-Quee from 11· ·that it will be admissible in the courtroom as 11· ·TSG Reporting, and I'm the legal video 12· ·if it had been taken following Rule 30 of the 12· ·specialist.· The court reporter is

13· ·Federal Rules of Civil Procedures and the 13· ·Angie Shaw-Crockett, in association with 14· ·state's rules where the case is pending? 14· ·TSG Reporting. 15· · · · MR. LUFT:· This is Avi Luft on behalf of 15· · · · Will all counsel please introduce 16· ·the Chapter 11 trustee, and we agree. 16· ·yourself. 17· · · · MR. ROMNEY:· Yes, Aaron Romney, 17· · · · MR. LUFT:· Hi.· This is Avi Luft of

18· ·Zeisler & Zeisler on behalf of the debtor, the 18· ·Paul Hastings.· I represent the Chapter 11

19· ·witness.· We agree. 19· ·trustee in, in Re: Ho Wan Kwok.· Along with me 20· · · · MS. BERGAMASCO:· Patricia Bergamasco on 20· ·are my colleagues Douglass Barron, Will Farmer, 21· ·behalf of Mei Guo and HK International. 21· ·and Luyi Song, who is a law clerk. 22· · · · THE VIDEOGRAPHER:· Thank you. 22· · · · MR. ROMNEY:· Aaron Romney, 23· · · · This is the -- 23· ·Zeisler & Zeisler.· I represent the Debtor 24· · · · MR. LUFT:· You agree? 24· ·Mr. Kwok in the main bankruptcy case.· Also 25· · · · MS. BERGAMASCO:· Yes.· My apologies. 25· ·representing him in his capacity as a witness

·1· · · · · · · · · · · · ·H. Kwok ·1· · · · · · · · · · · · ·H. Kwok ·2· · · · today in this adversary proceeding.· I do also ·2· · · · · · ·MR. LUFT:· Great. ·3· · · · have an appearance on behalf of Mei Guo and ·3· ·EXAMINATION ·4· · · · HKI USA in this adversary proceeding. ·4· ·BY MR. LUFT: ·5· · · · · · ·MS. BERGAMASCO:· This is Patricia ·5· · · · Q.· ·Good morning, Mr. Kwok.· How are you? ·6· · · · Bergamasco from Zeisler & Zeisler, representing ·6· · · · A.· ·I'm very well, Counsel.· How are you this ·7· · · · Mei Guo and HK International USA in the ·7· ·morning? ·8· · · · adversary proceeding. ·8· · · · Q.· ·I'm well.· Thank you for asking. ·9· · · · · · ·THE VIDEOGRAPHER:· Thank you. ·9· · · · · · ·Before we start, I'm going to read through 10· · · · · · ·Will the court reporter please swear in 10· ·the terms that counsel has agreed to with regard to 11· · · · the Interpreter and the witness. 11· ·this remote deposition today.· There are multiple, 12· ·J I N G Y I· ·W A N G, 12· ·so I think what I will do, I will pause after each 13· · · · · having been first duly sworn by a Notary 13· ·one so that the Interpreter has an opportunity to 14· · · · · Public within and for the State of New York, 14· ·just translate it.· I'm not looking for an answer, 15· · · · · translated the questions from 15· ·I'm just more just stating what they are.· But I 16· · · · · English to Mandarin and the answers 16· ·think that will be easier. 17· · · · · · ·Trustee has agreed to take the debtor's 17· · · · · from Mandarin to English under oath as 18· · · · · follows: 18· ·deposition remotely today based on the following 19· · Ho Wan Kwok, having been called as a witness, having been 19· ·agreements agreed to by debtor's counsel, on his 20· ·first duly sworn (through an Interpreter),· was examined and 20· ·behalf:· First, HK USA and Ms. Mei Guo no longer 21· ·testified as follows: 21· ·intend to call the debtor to offer testimony on 22· · · · · · ·THE WITNESS:· Thank you. 22· ·their behalf and have removed him from their list of 23· · · · · · ·THE INTERPRETER:· And just a note from the 23· ·intended hearing witnesses. 24· · · · Interpreter.· The Interpreter has received the 24· · · · · · ·The taking of this deposition remotely is 25· · · · link, and the realtime is now working. 25· ·based on the understanding that other than questions

·1· · · · · · · · · · · · ·H. Kwok ·1· · · · · · · · · · H. Kwok ·2· ·regarding Mr. Kwok's name, his address, and ·2· ·record at 10:37 a.m. ·3· ·identifying who his family members are, it is the ·3· · · · (Recess.) ·4· ·debtor's intention to assert his Fifth Amendment ·4· · · · THE VIDEOGRAPHER:· We're back on the ·5· ·rights to any questions posed at this deposition. ·5· ·record at 10:45 a.m. ·6· · · · · · ·If the debtor attempts to assert -- to ·6· · · · MR. LUFT:· I will keep going with the ·7· ·not -- excuse me.· Let me strike that. ·7· ·stipulations.· Sorry for the technical issue. ·8· · · · · · ·If the debtor attempts to not assert his ·8· · · · The debtor must be physically within the ·9· ·Fifth Amendment rights and, instead, answer the ·9· ·jurisdiction of the court, meaning within 10· ·questions, this is a breach of the agreement to 10· ·100 miles of the court, when the deposition is 11· ·conduct his deposition remotely, and his deposition 11· ·taken.· No one other than the debtor's 12· ·will immediately be taken in person.· Both sides are 12· ·interpreter and his attorney from 13· ·clear that deciding to not answer a question by 13· ·Zeisler & Zeisler may be in the room with the 14· ·asserting his Fifth Amendment rights is not an 14· ·debtor when he is deposed.· The debtor may not 15· ·option for the debtor to consider at this time. 15· ·communicate with anyone other than his counsel

16· · · · · · ·The remote deposition is being offered in 16· ·from Zeisler & Zeisler when the deposition is 17· ·good faith because the debtor requested it, not 17· ·on the record. 18· ·because of need or the trustee's acknowledgment that 18· · · · The debtor's interpreter is not to 19· ·a remote deposition of the debtor is appropriate 19· ·communicate with the debtor while we are on the 20· ·here or going forward.· And any attempt to 20· ·record.· The only interpreter is the official 21· ·substantively answer and not assert his Fifth 21· ·one, Ms. Jingyi Wang.· The debtor's interpreter 22· ·Amendment rights is a breach of this agreement. 22· ·is there to help the debtor communicate with 23· · · · · · ·I'm sorry.· We're going to need to go off 23· ·Zeisler & Zeisler on breaks and to advise 24· ·the record.· My computer just crashed.· I apologize. 25· · · · · · ·THE VIDEOGRAPHER:· We're going off the 24· ·Zeisler & Zeisler regarding the translation 25· ·while the deposition is ongoing.· The debtor's

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Page 10 ·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 Page 11 ·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? Page 12 ·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? Page 13 ·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

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·2· ·Mileson Kwok? ·2· · · · A.· ·Okay. ·3· · · · A.· ·Yes. ·3· · · · Q.· ·Mr. Kwok, at all times since the Lady May ·4· · · · Q.· ·And what is name of your wife? ·4· ·was purchased on February 23, 2015, by Hong Kong

·5· · · · A.· ·Yu Chang Chu. ·5· ·International Funds Investments Limited, which I ·6· · · · Q.· ·Mr. Kwok, did you do anything to prepare ·6· ·will also refer to as "HK International," you have ·7· ·for your deposition today? ·7· ·been the beneficial owner of the Lady May, correct? ·8· · · · A.· ·No. ·8· · · · A.· ·I assert the Fifth. ·9· · · · Q.· ·Did you meet with counsel to prepare for ·9· · · · Q.· ·At all times since the Lady May was 10· ·your deposition today? 10· ·purchased on February 23, 2015, by HK International, 11· · · · A.· ·No. 11· ·you, the debtor, have been the equitable owner of 12· · · · Q.· ·Did you review any documents in 12· ·the Lady May, correct? 13· ·preparation for your deposition today? 13· · · · A.· ·I plead the Fifth. 14· · · · A.· ·No. 14· · · · Q.· ·At all times since the Lady May was 15· · · · Q.· ·Did you review anything to refresh your 15· ·purchased on February 23, 2015, by HK International, 16· ·recollection for your deposition today? 16· ·you have controlled the Lady May? 17· · · · A.· ·No. 17· · · · A.· ·The Fifth. 18· · · · Q.· ·At this point, Mr. Kwok, we're going to 18· · · · Q.· ·At all times since the Lady May was 19· ·shift to the substantive part of your deposition to 19· ·purchased on February 23, 2015, by Hong Kong 20· ·which I understand it is your intention to plead the 20· ·International, you have been the legal owner of the 21· ·Fifth. 21· ·Lady May? 22· · · · · · ·I ask that you just let me finish asking 22· · · · · · ·THE WITNESS:· Ms. Wang, what is the 23· ·my question and allow the translator to fully 23· · · · question?· Is that the question whether I am? 24· ·translate it before you make any such assertion, 24· · · · · · ·MR. LUFT:· Yes.

·1· · · · · · · · · · · · ·H. Kwok ·1· · · · · · · · · · · · ·H. Kwok ·2· ·BY MR. LUFT: ·2· ·establishment of HK International, you have ·3· · · · Q.· ·Is my statement correct? ·3· ·controlled HK International, correct? ·4· · · · A.· ·The Fifth. ·4· · · · A.· ·The Fifth.

·5· · · · Q.· ·Mr. Kwok, you do not need Mei Guo's ·5· · · · Q.· ·Mr. Kwok, at all times since the ·6· ·permission to board the Lady May, correct? ·6· ·establishment of HK International, you have been its ·7· · · · A.· ·The Fifth. ·7· ·legal owner, correct? ·8· · · · Q.· ·Mr. Kwok, you do not need to ask Mei Guo's ·8· · · · A.· ·The Fifth. ·9· ·permission to use the Lady May, correct? ·9· · · · Q.· ·Mr. Kwok, at all times since the 10· · · · A.· ·The Fifth. 10· ·establishment of HK International, it has been -- it 11· · · · Q.· ·Mr. Kwok, you do not need to ask Mei Guo's 11· ·has been your alter ego, correct? 12· ·permission to direct the crew of the Lady May to 12· · · · · · ·THE INTERPRETER:· Counsel, could you 13· ·navigate the Lady May from location to location, 13· · · · please explain "alter ego"? 14· ·correct? 14· · · · · · ·MR. LUFT:· Just translate the term.· It's 15· · · · A.· ·The Fifth. 15· · · · a legal term. 16· · · · Q.· ·Mr. Kwok, at all times since the 16· · · · · · ·THE INTERPRETER:· I've got the legal term. 17· ·establishment of Hong Kong International Funds 17· · · · · · ·MR. LUFT:· Okay. 18· ·Investment Limited, you have been its beneficial 18· · · · · · ·THE WITNESS:· The Fifth. 19· ·owner, correct? 19· ·BY MR. LUFT: 20· · · · A.· ·The Fifth. 20· · · · Q.· ·Mr. Kwok, you're familiar with an entity 21· · · · Q.· ·Mr. Kwok, at all times since the 21· ·called "HK International Funds Investment USA 22· ·establishment of HK International, you have been its 22· ·Limited," or I may refer to it as "HK USA," correct? 23· ·equitable owner, correct? 23· · · · A.· ·The Fifth. 24· · · · A.· ·The Fifth. 24· · · · Q.· ·Mr. Kwok, at all times since the 25· · · · Q.· ·Mr. Kwok, at all times since the 25· ·establishment of HK USA, you have been its

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·2· ·beneficial owner, correct? ·2· · · · A.· ·The Fifth. ·3· · · · A.· ·The Fifth. ·3· · · · Q.· ·Mr. Kwok, you directed Natasha Qu to

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

·1· · · · · · · · · · · · ·H. Kwok ·1· · · · · · · · · · · · ·H. Kwok ·2· · · · have offered to produce it to you. ·2· ·the Lady May, correct? ·3· · · · · · ·MR. ROMNEY:· I'm sorry.· I'm not sure what ·3· · · · · · ·MR. ROMNEY:· Objection to form. ·4· · · · you're referring to. ·4· · · · A.· ·The Fifth. ·5· · · · · · ·THE WITNESS:· I'm done reading it. ·5· ·BY MR. LUFT: ·6· ·BY MR. LUFT: ·6· · · · Q.· ·Mr. Kwok, the Lady May was purchased on ·7· · · · Q.· ·Mr. Kwok, is this a true and correct copy ·7· ·your behalf, correct? ·8· ·of the Declaration of Trust you entered into with ·8· · · · A.· ·The Fifth. ·9· ·Natasha Kwok [sic] on October 10 -- Natasha Qu, on ·9· · · · Q.· ·Mr. Kwok, the Lady May was purchased for 10· ·October 10, 2014, relating to your shares of Hong 10· ·you to control and beneficially own, correct? 11· ·Kong International? 11· · · · A.· ·The Fifth. 12· · · · · · ·MR. ROMNEY:· Object to the form of the 12· · · · Q.· ·Mr. Kwok, all of the funds used to 13· · · · question. 13· ·purchase the Lady May were funds you owned and 14· · · · A.· ·The Fifth. 14· ·controlled, correct?

15· ·BY MR. LUFT: 15· · · · A.· ·The Fifth. 16· · · · Q.· ·Mr. Kwok, the signed copy of Exhibit 1, 16· · · · Q.· ·Mr. Kwok, you funded the purchase of the 17· ·the Declaration of Trust, dated October 10, 2014, 17· ·Lady May on February 23, 2015, with funds you 18· ·was given to your counsel Stevenson, Wong & Co. for 18· ·exclusively controlled to an entity named Bravo 19· ·them to retain on your behalf, correct? 19· ·Luck, correct? 20· · · · A.· ·The Fifth. 20· · · · A.· ·The Fifth. 21· · · · Q.· ·Mr. Kwok, pursuant to the terms of the 21· · · · Q.· ·Mr. Kwok, Bravo Luck is an entity that you 22· ·Declaration of Trust, even after Hong Kong 22· ·at all times have had exclusive control over, 23· ·International was transferred by you to Natasha Qu, 23· ·correct? 24· ·you still retained control and beneficial ownership 25· ·of Hong Kong International and its assets, including 24· · · · A.· ·The Fifth. 25· · · · Q.· ·Mr. Kwok, at all times, you have had

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·2· ·exclusive control over the assets of Bravo Luck, ·2· · · · A.· ·The Fifth. ·3· ·correct? ·3· · · · Q.· ·Mr. Kwok, you directed Ms. Qu to transfer ·4· · · · A.· ·The Fifth. ·4· ·her purported ownership in Hong Kong International ·5· · · · Q.· ·Mr. Kwok, none of the funds used to ·5· ·to Mei Guo for the consideration of one Hong Kong ·6· ·purchase the Lady May belonged to your son, Mileson ·6· ·dollar on June 27, 2017, correct? ·7· ·Kwok, correct? ·7· · · · A.· ·The Fifth. ·8· · · · A.· ·The Fifth. ·8· · · · Q.· ·Mr. Kwok, you directed the transfer on ·9· · · · Q.· ·Mr. Kwok, you had the Lady May purchased ·9· ·June 27, 2017, of Ms. Qu's purported ownership of 10· ·by Hong Kong International for your own use, 10· ·HK International to Mei Guo for the consideration of 11· ·correct? 11· ·one Hong Kong dollar in an attempt to obscure your 12· · · · A.· ·The Fifth. 12· ·ownership of the Lady May, correct? 13· · · · Q.· ·Mr. Kwok, you directed Hong Kong 13· · · · A.· ·The Fifth. 14· ·International to purchase the Lady May with your own 14· · · · Q.· ·Mr. Kwok, you directed the transfer on 15· ·assets to attempt to obscure your ownership of the 15· ·June 27, 2017, of Ms. Qu's purported ownership of HK 16· ·Lady May, correct? 16· ·International to Mei Guo for the consideration of

17· · · · A.· ·The Fifth. 17· ·one Hong Kong dollar to try to shield the Lady May 18· · · · Q.· ·For clarity, when I refer to Bravo Luck, 18· ·from your creditors, correct? 19· ·you understand I'm referring to Bravo Luck Limited, 19· · · · A.· ·The Fifth. 20· ·correct? 20· · · · Q.· ·Mr. Kwok, the transfer on June 27, 2017, 21· · · · A.· ·The Fifth. 21· ·of Ms. Qu's purported ownership of HK International 22· · · · Q.· ·Mr. Kwok, you directed Hong Kong 22· ·to Mei Guo did not change the fact that you remained 23· ·International to purchase the Lady May with funds 23· ·in control of and the beneficial owner 24· ·you owned to shield the Lady May from your 24· ·of HK International, correct? 25· ·creditors, correct? 25· · · · · · ·MR. ROMNEY:· Object to the form.

·1· · · · · · · · · · · · ·H. Kwok ·1· · · · · · · · · · · · ·H. Kwok ·2· · · · A.· ·The Fifth. ·2· · · · A.· ·The Fifth. ·3· ·BY MR. LUFT: ·3· ·BY MR. LUFT: ·4· · · · Q.· ·Let me just break that up, because there ·4· · · · Q.· ·Mr. Kwok, the transfer on June 27, 2017, ·5· ·was an objection. ·5· ·of Ms. Qu's purported ownership of HK International ·6· · · · · · ·The transfer on June 27, 2017, of Ms. Qu's ·6· ·to Mei Guo did not change the fact that you remained ·7· ·purported ownership of HK International to Mei Guo ·7· ·the beneficial owner of the Lady May both before and ·8· ·did not change the fact that you remained in control ·8· ·after the transfer, correct? ·9· ·of HK International following that transfer, ·9· · · · · · ·MR. ROMNEY:· Object to the form. 10· ·correct? 10· · · · A.· ·The Fifth. 11· · · · A.· ·The Fifth. 11· ·BY MR. LUFT: 12· · · · Q.· ·Mr. Kwok, the transfer on June 27, 2017, 12· · · · Q.· ·Mr. Kwok, you -- and by that, I mean 13· ·of Ms. Qu's purported ownership of HK International 13· ·yourself or through your agents -- directed the 14· ·to Mei Guo did not change the fact that you remained 14· ·formation of HK International Funds Investments USA 15· ·the beneficial owner of Hong Kong International 15· ·Limited on September 11, 2018, correct? 16· ·after that transfer, correct? 16· · · · A.· ·The Fifth. 17· · · · · · ·MR. ROMNEY:· Object to the form. 17· · · · Q.· ·Mr. Kwok, the Lady May was transferred to 18· · · · A.· ·The Fifth. 18· ·HK USA in an attempt to obscure your ownership of 19· ·BY MR. LUFT: 19· ·the Lady May, correct? 20· · · · Q.· ·Mr. Kwok, the transfer on June 27, 2017, 20· · · · · · ·MR. ROMNEY:· Object to the form. 21· ·of Ms. Qu's purported ownership of HK International 21· · · · A.· ·The Fifth. 22· ·to Mei Guo did not change the fact that you remained 22· ·BY MR. LUFT: 23· ·in control of the Lady May both before and after the 23· · · · Q.· ·Mr. Kwok, the Lady May was transferred to 24· ·transfer, correct? 24· ·HK USA at your direction in an attempt to shield it 25· · · · · · ·MR. ROMNEY:· Object to the form. 25· ·from your creditor, correct?

TSG Reporting - Worldwide· · 877-702-9580

Page 26 ·1· · · · · · · · · · · · ·H. Kwok ·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 Page 27 ·1· · · · · · · · · · · · ·H. Kwok ·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 Page 28 ·1· · · · · · · · · · · · ·H. Kwok ·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? Page 29 ·1· · · · · · · · · · · · ·H. Kwok ·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. 25

TSG Reporting - Worldwide· · 877-702-9580

·1· · · · · · · · · · · · ·H. Kwok ·1· · · · · · · · · · · · ·H. Kwok ·2· ·BY MR. LUFT: ·2· ·BY MR. LUFT: ·3· · · · Q.· ·Mr. Kwok, you asked Yvette Wang to take ·3· · · · Q.· ·Mr. Kwok, all actions taken by Max Krasner ·4· ·actions on your behalf related to the Lady May and ·4· ·that relate to the Lady May are taken at your ·5· ·HK USA and HK International, correct? ·5· ·direction, correct? ·6· · · · · · ·MR. ROMNEY:· Object to the form. ·6· · · · A.· ·The Fifth. ·7· · · · A.· ·The Fifth. ·7· · · · Q.· ·Mr. Kwok, all actions taken by Max Krasner ·8· ·BY MR. LUFT: ·8· ·related to the Lady May are taken on your behalf, ·9· · · · Q.· ·Mr. Kwok, you asked Max Krasner to take ·9· ·correct? 10· ·actions related to the Lady May, HK International, 10· · · · · · ·MR. ROMNEY:· Object to the form. 11· ·and HK USA on your behalf, correct? 11· · · · A.· ·The Fifth.

12· · · · · · ·MR. ROMNEY:· Objection. 12· ·BY MR. LUFT: 13· · · · A.· ·The Fifth. 13· · · · Q.· ·Mr. Kwok, all actions taken by Yvette Wang 14· ·BY MR. LUFT: 14· ·relating to HK International are taken at your 15· · · · Q.· ·Mr. Kwok, all actions taken by Yvette Wang 15· ·direction, correct? 16· ·relating to the Lady May are taken at your 16· · · · A.· ·The Fifth. 17· ·direction, correct? 17· · · · Q.· ·Mr. Kwok, all actions taken by Yvette Wang 18· · · · · · ·MR. ROMNEY:· Object to the form. 18· ·relating to HK USA are taken at your direction, 19· · · · A.· ·The Fifth. 19· ·correct? 20· ·BY MR. LUFT: 20· · · · · · ·MR. ROMNEY:· Object to the form. 21· · · · Q.· ·Mr. Kwok, all actions taken by Yvette Wang 21· · · · A.· ·The Fifth. 22· ·related to the Lady May are taken on your behalf, 22· ·BY MR. LUFT: 23· ·correct? 23· · · · Q.· ·Mr. Kwok, all actions taken by Yvette Wang 24· · · · A.· ·The Fifth. 24· ·relating to HK International are taken on your 25· · · · · · ·MR. ROMNEY:· Object to the form. 25· ·behalf, correct?

·1· · · · · · · · · · · · ·H. Kwok ·1· · · · · · · · · · · · ·H. Kwok ·2· · · · · · ·MR. ROMNEY:· Object to the form. ·2· · · · · · ·MR. ROMNEY:· Object to the form. ·3· · · · A.· ·The Fifth. ·3· · · · A.· ·The Fifth. ·4· ·BY MR. LUFT: ·4· ·BY MR. LUFT: ·5· · · · Q.· ·Mr. Kwok, all actions taken by Yvette Wang ·5· · · · Q.· ·Mr. Kwok, all actions taken by Max Krasner ·6· ·relating to HK USA are taken on your behalf, ·6· ·as related to HK USA are taken on your behalf, ·7· ·correct? ·7· ·correct? ·8· · · · · · ·MR. ROMNEY:· Object to the form. ·8· · · · · · ·MR. ROMNEY:· Object to form. ·9· · · · A.· ·The Fifth. ·9· · · · A.· ·The Fifth. 10· ·BY MR. LUFT: 10· ·BY MR. LUFT: 11· · · · Q.· ·Mr. Kwok, all actions taken by Max Krasner 11· · · · Q.· ·Mr. Kwok, Yvette Wang is currently your 12· ·as related to HK International are taken at your 12· ·employee, correct? 13· ·direction, correct? 13· · · · A.· ·The Fifth. 14· · · · · · ·MR. ROMNEY:· Objection to form. 14· · · · Q.· ·Mr. Kwok, Ms. Wang has been your employee 15· · · · A.· ·The Fifth. 15· ·since at least 2015 and up through the present, 16· ·BY MR. LUFT: 16· ·correct? 17· · · · Q.· ·Mr. Kwok, all actions taken by Max Krasner 17· · · · A.· ·The Fifth. 18· ·as related to HK USA are taken at your direction, 18· · · · Q.· ·Mr. Kwok, Ms. Wang, since at least 2015 19· ·correct? 19· ·through the present, has acted as your agent, 20· · · · · · ·MR. ROMNEY:· Object to the form. 20· ·correct? 21· · · · A.· ·The Fifth. 21· · · · A.· ·The Fifth.

22· ·BY MR. LUFT: 22· · · · Q.· ·Mr. Kwok, Ms. Wang currently acts as your 23· · · · Q.· ·Mr. Kwok, all actions taken by Max Krasner 23· ·agent, correct? 24· ·as related to HK International are taken on your 25· ·behalf, correct? 24· · · · A.· ·The Fifth. 25· · · · Q.· ·Mr. Kwok, you know the current location of

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

·2· ·Ms. Wang, correct? ·2· ·home address? ·3· · · · A.· ·The Fifth. ·3· · · · A.· ·The Fifth. ·4· · · · Q.· ·Mr. Kwok, at what location does Ms. Wang ·4· · · · Q.· ·Mr. Kwok, what is Mr. Krasner's current ·5· ·currently reside? ·5· ·phone number? ·6· · · · A.· ·The Fifth. ·6· · · · A.· ·The Fifth. ·7· · · · Q.· ·Mr. Kwok, Max Krasner is currently your ·7· · · · Q.· ·Mr. Kwok, you know how to get in touch ·8· ·employee, correct? ·8· ·with Ms. Yvette Wang, correct? ·9· · · · A.· ·The Fifth. ·9· · · · A.· ·The Fifth. 10· · · · Q.· ·Mr. Kwok, at all times Mr. Krasner has had 10· · · · Q.· ·Mr. Kwok, you have not shared that 11· ·any involvement with the Lady May, he has been your 11· ·information with the trustee, correct? 12· ·employee, correct? 12· · · · A.· ·The Fifth.

13· · · · A.· ·The Fifth. 13· · · · · · ·MR. ROMNEY:· Could the Interpreter ask the 14· · · · Q.· ·Mr. Kwok, at all times that you've had 14· · · · witness if he needs a break. 15· ·involvement with Mr. Krasner, he has acted as your 15· ·BY MR. LUFT: 16· ·agent, correct? 16· · · · Q.· ·Mr. Kwok, you know how to get in touch 17· · · · A.· ·The Fifth. 17· ·with Mr. Krasner, correct? 18· · · · Q.· ·Mr. Kwok, Mr. Krasner currently acts as 18· · · · · · ·MR. ROMNEY:· Avi, could you not hear what 19· ·your agent, correct? 19· · · · I just placed on the record. 20· · · · A.· ·The Fifth. 20· · · · · · ·MR. LUFT:· I did not hear you, Aaron. 21· · · · Q.· ·Mr. Kwok, you have Mr. Krasner's current 21· · · · Sorry. 22· ·contact information, including his address and his 22· · · · · · ·MR. ROMNEY:· Oh, I'm sorry.· I had asked 23· ·phone number, correct? 23· · · · if the Interpreter could ask the witness if he 24· · · · A.· ·The Fifth. 24· · · · needs a break. 25· · · · Q.· ·Mr. Kwok, what is Mr. Krasner's current 25· · · · · · ·THE INTERPRETER:· Oh, okay.

·1· · · · · · · · · · · · ·H. Kwok ·1· · · · · · · · · · · · ·H. Kwok ·2· · · · · · ·(Complies.) ·2· · · · record at 11:47 a.m. ·3· · · · · · ·THE WITNESS:· Yes.· It's quite tiring. I ·3· · · · · · ·(Recess.) ·4· · · · need a break. ·4· · · · · · ·THE VIDEOGRAPHER:· We're back on the ·5· · · · · · ·MR. LUFT:· Okay.· Aaron, I have like two ·5· · · · record at 12:05 p.m. ·6· · · · more questions just to finish this.· Could we ·6· ·BY MR. LUFT: ·7· · · · just do that, and then we'll take a break? ·7· · · · Q.· ·Mr. Kwok, you have ultimate authority with ·8· · · · · · ·THE WITNESS:· Okay. ·8· ·respect to the movements of the Lady May, correct? ·9· ·BY MR. LUFT: ·9· · · · A.· ·The Fifth. 10· · · · Q.· ·Mr. Kwok, you know the contact 10· · · · Q.· ·Mr. Kwok, you have ultimate control over 11· ·information, including address and phone number, of 11· ·where the crew of the Lady May sails the yacht, 12· ·Mr. Krasner currently, correct? 12· ·correct? 13· · · · A.· ·The Fifth. 13· · · · A.· ·The Fifth. 14· · · · Q.· ·Mr. Kwok, you have not shared this 14· · · · Q.· ·Mr. Kwok, you gave instructions for the 15· ·information with the trustee, correct? 15· ·Lady May to be sailed from New York to Florida in 16· · · · A.· ·The Fifth. 16· ·2020, correct? 17· · · · · · ·MR. LUFT:· Aaron, if you want to take a 17· · · · A.· ·The Fifth. 18· · · · break now, that's fine.· How long would you 18· · · · Q.· ·Mr. Kwok, the Lady May was sailed from 19· · · · like? 19· ·New York to Florida in the fall of 2020 because you 20· · · · · · ·MR. ROMNEY:· How long do you want?· Five, 20· ·directed that it be done so, correct? 21· · · · ten minutes? 21· · · · A.· ·The Fifth. 22· · · · · · ·THE WITNESS:· Ten minutes. 22· · · · Q.· ·Mr. Kwok, you gave instructions for the 23· · · · · · ·MR. ROMNEY:· Ten minutes? 23· ·Lady May to be sailed from Florida to the Bahamas in 24· · · · · · ·MR. LUFT:· Sure. 25· · · · · · ·THE VIDEOGRAPHER:· We're going off the 24· ·the fall of 2020, correct? 25· · · · A.· ·The Fifth.

TSG Reporting - Worldwide· · 877-702-9580

·1· · · · · · · · · · · · ·H. Kwok ·1· · · · · · · · · · · · ·H. Kwok ·2· · · · Q.· ·Mr. Kwok, the Lady May was sailed from ·2· · · · A.· ·The Fifth. ·3· ·Florida to the Bahamas in the fall of 2020 because ·3· · · · Q.· ·Mr. Kwok, when you directed the Lady May ·4· ·you instructed the crew for it to do so, correct? ·4· ·to sail to Europe in 2021, you and your daughter, ·5· · · · A.· ·The Fifth. ·5· ·Mei Guo, were aware that doing so would violate ·6· · · · Q.· ·Mr. Kwok, you instructed the Lady May to ·6· ·Ostrager's order and cause you to incur contempt ·7· ·be sailed to Europe in 2021, correct? ·7· ·fees, correct? ·8· · · · A.· ·The Fifth. ·8· · · · · · ·MR. ROMNEY:· Object to the form. ·9· · · · Q.· ·Mr. Kwok, the reason the Lady May was ·9· · · · A.· ·The Fifth. 10· ·sailed to Europe in 2021 was because you gave 10· ·BY MR. LUFT: 11· ·instructions for that to happen, correct? 11· · · · Q.· ·Mr. Kwok, the Lady May was returned to 12· · · · · · ·MR. ROMNEY:· Object to the form. 12· ·Connecticut waters in 2022 only because you directed

13· · · · A.· ·The Fifth. 13· ·that to happen, correct? 14· ·BY MR. LUFT: 14· · · · A.· ·The Fifth. 15· · · · Q.· ·Mr. Kwok, you gave directions for the 15· · · · Q.· ·Mr. Kwok, you're familiar with an 16· ·Lady May to be sailed to Europe to keep the Lady May 16· ·individual named William Je? 17· ·out of the hands of your creditors, correct? 17· · · · A.· ·The Fifth. 18· · · · A.· ·The Fifth. 18· · · · Q.· ·Mr. Kwok, William Je is a close family 19· · · · Q.· ·Mr. Kwok, the Lady May remained in Europe 19· ·friend, correct? 20· ·until you authorized it to return to the 20· · · · A.· ·The Fifth. 21· ·United States, correct? 21· · · · Q.· ·Mr. Kwok, Mr. Je is referred to by your 22· · · · A.· ·The Fifth. 22· ·daughter as "Uncle William," correct? 23· · · · Q.· ·Mr. Kwok, you're the only person who had 23· · · · A.· ·The Fifth. 24· ·the authority to order the Lady May to return to the 24· · · · Q.· ·Mr. Kwok, Mr. Je acts as an agent, 25· ·United States, correct? 25· ·correct?

·1· · · · · · · · · · · · ·H. Kwok ·1· · · · · · · · · · · · ·H. Kwok ·2· · · · A.· ·The Fifth. ·2· ·control, correct? ·3· · · · Q.· ·Mr. Kwok, Mr. Je is currently acting as ·3· · · · · · ·MR. ROMNEY:· Object to the form. ·4· ·your agent in your business dealings, correct? ·4· · · · A.· ·The Fifth. ·5· · · · A.· ·The Fifth. ·5· ·BY MR. LUFT: ·6· · · · Q.· ·Mr. Kwok, in April of 2022, Mr. Je -- any ·6· · · · Q.· ·Mr. Kwok, any entities purportedly under ·7· ·actions Mr. Je took in relation to the Lady May were ·7· ·the control of William Je are actually entities ·8· ·as your agent, correct? ·8· ·under your control, correct? ·9· · · · A.· ·The Fifth. ·9· · · · · · ·MR. ROMNEY:· Object to the form. 10· · · · Q.· ·Mr. Kwok, any actions Mr. Je takes in 10· · · · A.· ·The Fifth. 11· ·connection with business dealings are taken at your 11· ·BY MR. LUFT: 12· ·direction, correct? 12· · · · Q.· ·Mr. Kwok, the loan agreement dated 13· · · · · · ·MR. ROMNEY:· Object to the form. 13· ·April 19, 2022, between Himalaya International 14· · · · A.· ·The Fifth. 14· ·Financial Group Limited as lender and HK USA as 15· ·BY MR. LUFT: 15· ·borrower was arranged at your request, correct? 16· · · · Q.· ·Mr. Kwok, with regard to any business 16· · · · A.· ·The Fifth. 17· ·dealings involving you and Mr. Je, Mr. Je is under 17· · · · Q.· ·Mr. Kwok, you control Himalaya 18· ·your control, correct? 18· ·International Financial Group Limited, correct? 19· · · · A.· ·The Fifth. 19· · · · · · ·THE WITNESS:· I want to speak with my 20· · · · Q.· ·Mr. Kwok, Mr. Je acts at your direction to 20· · · · attorney now. 21· ·generate funds for you through the use of the 21· · · · · · ·MR. LUFT:· Okay. 22· ·Himalaya Farms, correct? 22· · · · · · ·MR. ROMNEY:· Take five. 23· · · · A.· ·The Fifth. 23· · · · · · ·MR. LUFT:· Okay. 24· · · · Q.· ·Mr. Kwok, any assets purportedly under the 24· · · · · · ·THE VIDEOGRAPHER:· We're going off the 25· ·control of William Je are actually assets under your 25· · · · record at 12:17 p.m.

TSG Reporting - Worldwide· · 877-702-9580

·1· · · · · · · · · · · · ·H. Kwok ·1· · · · · · · · · · · · ·H. Kwok ·2· · · · · · ·(Recess.) ·2· ·Financial Group Limited will be made to entities ·3· · · · · · ·THE VIDEOGRAPHER:· We're back on the ·3· ·that you control, correct? ·4· · · · record at 12:24 p.m. ·4· · · · · · ·MR. ROMNEY:· Object to the form. ·5· ·BY MR. LUFT: ·5· · · · A.· ·The Fifth. ·6· · · · Q.· ·Mr. Kwok, you are the beneficial owner of ·6· ·BY MR. LUFT: ·7· ·Himalaya International Financial Group Limited, ·7· · · · Q.· ·Mr. Kwok, any payment of interest by ·8· ·correct? ·8· ·HK USA on account of the purported \$37 million loan ·9· · · · A.· ·The Fifth. ·9· ·from Himalaya International Financial Group Limited 10· · · · Q.· ·Mr. Kwok, all assets of Himalaya 10· ·will be paid to an entity that you control, correct? 11· ·International Financial Group Limited are under your 11· · · · · · ·MR. ROMNEY:· Object to the form. 12· ·control, correct? 12· · · · A.· ·The Fifth. 13· · · · A.· ·The Fifth. 13· ·BY MR. LUFT: 14· · · · Q.· ·Mr. Kwok, the \$37 million of funds 14· · · · Q.· ·Mr. Kwok, at the February 7, 2022, 15· ·Himalaya International Financial Group loaned to 15· ·evidentiary hearing before Justice Ostrager of the 16· ·HK USA were funds that you owned and controlled, 16· ·Supreme Court of the State of New York, your 17· ·correct? 17· ·interest was for the Court to find HK USA to be the 18· · · · A.· ·The Fifth. 18· ·beneficial owner and to have control of the 19· · · · Q.· ·Mr. Kwok, you control the \$37 million that 19· ·Lady May, correct? 20· ·was put in escrow by HK USA in connection with this 20· · · · · · ·MR. ROMNEY:· Object to the question. 21· ·Chapter 11 case, correct? 21· · · · · · ·THE INTERPRETER:· I didn't catch.· Someone 22· · · · A.· ·The Fifth. 22· · · · mentioned something after the question. 23· · · · Q.· ·Mr. Kwok, any repayment by HK USA of the 23· · · · · · ·MR. ROMNEY:· Could we have the question 24· ·principal \$37 million on account of the purported 24· · · · read back. 25· ·\$37 million loan from Himalaya International 25· · · · · · ·MR. LUFT:· Could we get it translated, and

·1· · · · · · · · · · · · ·H. Kwok ·1· · · · · · · · · · · · ·H. Kwok ·2· · · · then it can be read back. ·2· · · · A.· ·The Fifth. ·3· · · · · · ·THE INTERPRETER:· (Complies.) ·3· ·BY MR. LUFT: ·4· · · · · · ·MR. ROMNEY:· Could we hear the question ·4· · · · Q.· ·Mr. Kwok, you directed your counsel for ·5· · · · read back before? ·5· ·the February 7, 2022, evidentiary hearing to enter ·6· · · · · · ·(The last question was read back by the ·6· ·into a common interest agreement with HK USA and ·7· · · · Reporter.) ·7· ·Mei Guo in connection with that hearing, correct? ·8· · · · · · ·MR. ROMNEY:· Object to the form. ·8· · · · · · ·MR. ROMNEY:· I'm going to direct the ·9· · · · A.· ·The Fifth. ·9· · · · witness not to answer based on the 10· ·BY MR. LUFT: 10· · · · attorney-client privilege. 11· · · · Q.· ·Mr. Kwok, counsel for HK USA and Mei Guo 11· · · · · · ·MR. LUFT:· Mr. Romney, you know that is 12· ·appeared at the February 7, 2022, evidentiary 12· · · · pre-petition, and thus, any common interest 13· ·hearing, correct? 13· · · · belongs to the trustee, correct? 14· · · · A.· ·The Fifth. 14· · · · · · ·MR. ROMNEY:· Can the reporter read the 15· · · · Q.· ·Mr. Kwok, counsel for HK USA and Mei Guo 15· · · · question, please -- read back the question. 16· ·helped present your defense at the February 7, 2022, 16· · · · · · ·(The last question was read back by the 17· ·hearing, correct? 17· · · · Reporter.) 18· · · · · · ·MR. ROMNEY:· Object to the form. 18· · · · · · ·MR. ROMNEY:· You can answer. 19· · · · A.· ·The Fifth. 19· · · · A.· ·The Fifth. 20· ·BY MR. LUFT: 20· ·BY MR. LUFT: 21· · · · Q.· ·Mr. Kwok, counsel for HK USA and Mei Guo 21· · · · Q.· ·Mr. Kwok, HK USA and Mei Guo shared 22· ·worked with your counsel at the February 7, 2022, 22· ·identical interests to you in the court finding 23· ·hearing to prepare for and present your case, 23· ·HK USA was the beneficial owner and had control over 24· ·correct? 25· · · · · · ·MR. ROMNEY:· Object to the form. 24· ·the Lady May for the February 7, 2022, evidentiary 25· ·hearing before Justice Ostrager, correct?

TSG Reporting - Worldwide· · 877-702-9580

·1· · · · · · · · · · · · ·H. Kwok ·1· · · · · · · · · · · · ·H. Kwok ·2· · · · · · ·MR. ROMNEY:· Object to the form. ·2· · · · A.· ·The Fifth. ·3· · · · A.· ·The Fifth. ·3· ·BY MR. LUFT: ·4· ·BY MR. LUFT: ·4· · · · Q.· ·Mr. Kwok, all assets held by Golden Spring ·5· · · · Q.· ·Mr. Kwok, schedules you had filed in ·5· ·are really assets of your estate, correct? ·6· ·connection with your Chapter 11 filing should have ·6· · · · A.· ·The Fifth. ·7· ·included your beneficial ownership of the Lady May ·7· · · · Q.· ·Mr. Kwok, all assets held by Lamp Capital ·8· ·as an asset of your estate, correct? ·8· ·are really assets of your estate, correct? ·9· · · · · · ·MR. ROMNEY:· Object to the form. ·9· · · · A.· ·The Fifth. 10· · · · A.· ·The Fifth. 10· · · · Q.· ·Mr. Kwok, all assets held in the name of 11· ·BY MR. LUFT: 11· ·your son Mileson Kwok are really assets of your 12· · · · Q.· ·Mr. Kwok, the schedules you filed in 12· ·estate, correct?

13· ·connection with the Chapter 11 filing should have 13· · · · A.· ·The Fifth. 14· ·included your beneficial ownership of HK USA as an 14· · · · Q.· ·Mr. Kwok, all assets held in the name of 15· ·asset of the estate, correct? 15· ·your daughter Mei Guo are really assets of your 16· · · · · · ·MR. ROMNEY:· Object to the form. 16· ·estate, correct? 17· · · · A.· ·The Fifth. 17· · · · · · ·MR. ROMNEY:· Object to the form. 18· ·BY MR. LUFT: 18· · · · A.· ·The Fifth. 19· · · · Q.· ·Mr. Kwok, any assets of Golden Spring and 19· ·BY MR. LUFT: 20· ·Lamp Capital that have been used to pay the 20· · · · Q.· ·Mr. Kwok, all assets held in the name of 21· ·Lady May's expenses, including any legal fees 21· ·your wife Hing Chi Ngok are actually assets of your 22· ·related to it, should have been declared as assets 22· ·estate, correct? 23· ·of the estate on your schedules for your Chapter 11 23· · · · · · ·MR. ROMNEY:· Object to the form. 24· ·filing, correct? 24· · · · A.· ·The Fifth. 25· · · · · · ·MR. ROMNEY:· Object to the form. 25

·1· · · · · · · · · · · · ·H. Kwok ·1· · · · · · · · · · · · ·H. Kwok ·2· ·BY MR. LUFT: ·2· ·BY MR. LUFT: ·3· · · · Q.· ·Mr. Kwok, you have directed that numerous ·3· · · · Q.· ·Mr. Kwok, the reason you had these ·4· ·offshore companies, whether located in the BVI, Hong ·4· ·offshore entities set up and placed assets in them ·5· ·Kong, and elsewhere, be set up for purposes of ·5· ·is to attempt to hide your assets from your ·6· ·holding your assets, correct? ·6· ·creditors, correct? ·7· · · · A.· ·The Fifth. ·7· · · · A.· ·The Fifth. ·8· · · · Q.· ·Mr. Kwok, you have had these offshore ·8· · · · Q.· ·Mr. Kwok, all entities for which your ·9· ·companies set up in the name of your children, your ·9· ·daughter Mei Guo is a member, director, or principal 10· ·wife, and your business associates, correct? 10· ·are actually beneficially owned and controlled by 11· · · · A.· ·The Fifth. 11· ·you, correct? 12· · · · Q.· ·Mr. Kwok, regardless of whether any of 12· · · · · · ·MR. ROMNEY:· Object to form. 13· ·these entities are listed in the name of your wife, 13· · · · A.· ·The Fifth. 14· ·your daughter, your son, Ms. Wang, Mr. Krasner, or 14· ·BY MR. LUFT: 15· ·any of your other business associates, in fact, you 15· · · · Q.· ·Mr. Kwok, HK USA, HK International, 16· ·own and control each of these offshore entities, 16· ·Eastern Profit Corporation Limited, Whitecroft Shore 17· ·correct? 17· ·Limited, Anton Development Limited, Anton 18· · · · · · ·MR. ROMNEY:· Object to the form. 18· ·Development USA Limited LLC, GM27 LLC, Loss Draft 19· · · · A.· ·The Fifth. 19· ·LLC, Gypsy May Productions LLC, Gypsy May Food 20· ·BY MR. LUFT: 20· ·Service LLC, Hudson Diamond Holdings LLC, Hudson 21· · · · Q.· ·Mr. Kwok, the reason you had these 21· ·Diamond New York LLC, Allied Capital Global Limited, 22· ·offshore entities set up was to obscure your 22· ·Creative Apex Investment Limited, Crystal Breeze 23· ·ownership of the assets that they held, correct? 23· ·Investments Limited, Elite Well Global Limited, 24· · · · · · ·MR. ROMNEY:· Object to the form. 24· ·Globalist International Limited, Infinite Increased 25· · · · A.· ·The Fifth. 25· ·Limited, Infinium Developments Limited, Noble Fame

TSG Reporting - Worldwide· · 877-702-9580

·1· · · · · · · · · · · · ·H. Kwok Page 51

·2· ·Global Limited, Rosy Acme Ventures Limited, Leading ·2· ·but not limited to living costs and legal expenses, ·3· ·Shine New York Limited, and Leading Shine Limited ·3· ·were provided by Mei Guo and any entity she owns or ·4· ·are all assets held in the name of your daughter but ·4· ·controls?

·5· ·that you actually own and control, correct? ·5· · · · · · ·MR. ROMNEY:· I apologize.· Could we have ·6· · · · · · ·MR. ROMNEY:· Object to the form. ·6· · · · that one read back as well.· I'm sorry. ·7· · · · A.· ·The Fifth. ·7· · · · · · ·(The last question was read back by the

·9· · · · Q.· ·Mr. Kwok, all assets held in the name of ·9· · · · · · ·MR. ROMNEY:· Object to the form. 10· ·Mei Guo were purchased with funds exclusively owned 10· · · · A.· ·The Fifth. 11· ·and controlled by you, correct? 11· ·BY MR. LUFT: 12· · · · · · ·MR. ROMNEY:· Could the reporter read that 12· · · · Q.· ·Mr. Kwok, between 2015 and today, no funds 13· · · · back before the witness answers. 13· ·used to pay any expenses related to you, including 14· · · · · · ·(The last question was read back by the 14· ·but not limited to living costs and legal expenses, 15· · · · Reporter.) 15· ·were provided by any family members of yours 16· · · · A.· ·The Fifth. 16· ·residing in China, correct? 17· ·BY MR. LUFT: 17· · · · · · ·MR. ROMNEY:· Object to the form. 18· · · · Q.· ·Mr. Kwok, all assets held in the name of 18· · · · A.· ·The Fifth. 19· ·Mei Guo are exclusively owned and controlled by you, 19· ·BY MR. LUFT: 20· ·correct? 20· · · · Q.· ·Mr. Kwok, Mei Guo has no source of income 21· · · · · · ·MR. ROMNEY:· Object to the form. 21· ·other than from entities that you own and control, 22· · · · A.· ·The Fifth. 22· ·correct? 23· ·BY MR. LUFT: 23· · · · · · ·MR. ROMNEY:· Object to the form. 24· · · · Q.· ·Mr. Kwok, between 2015 and today, no funds 24· · · · A.· ·The Fifth. 25· ·used to pay any expenses related to you, including 25

·1· · · · · · · · · · · · ·H. Kwok ·1· · · · · · · · · · · · ·H. Kwok ·2· ·BY MR. LUFT: ·2· ·even after being transferred to Mileson Kwok, ·3· · · · Q.· ·Mr. Kwok, any funds Mei Guo receives from ·3· ·correct? ·4· ·any entity you own and control are gifts from you to ·4· · · · · · ·MR. ROMNEY:· Object to the form. ·5· ·her, correct? ·5· · · · A.· ·The Fifth. ·6· · · · · · ·MR. ROMNEY:· Object to the form. ·6· ·BY MR. LUFT: ·7· · · · A.· ·The Fifth. ·7· · · · Q.· ·Mr. Kwok, any funds Mileson Kwok receives ·8· ·BY MR. LUFT: ·8· ·from any entity you own and control are gifts from ·9· · · · Q.· ·Mr. Kwok, any funds that Mei Guo and any ·9· ·you, correct? 10· ·entities in her name received from any entity you 10· · · · · · ·MR. ROMNEY:· Object to the form. 11· ·own and control remain funds under your control even 11· · · · A.· ·The Fifth. 12· ·after being transferred to Ms. Guo, correct? 12· ·BY MR. LUFT: 13· · · · A.· ·The Fifth. 13· · · · Q.· ·Mr. Kwok, between 2015 and today, no funds 14· · · · Q.· ·Mr. Kwok, Mei Guo has never been the CEO 14· ·used to pay any expenses related to you, including 15· ·of Pangu Plaza, correct? 15· ·but not limited to living costs and legal expenses, 16· · · · · · ·MR. ROMNEY:· Object to the form. 16· ·were provided by Mileson Kwok and any entity he owns 17· · · · A.· ·The Fifth. 17· ·and controls? 18· ·BY MR. LUFT: 18· · · · · · ·MR. ROMNEY:· Object to the form. 19· · · · Q.· ·Mr. Kwok, Mileson Kwok has no source of 19· · · · A.· ·The Fifth. 20· ·income other from entities -- other than from 20· ·BY MR. LUFT: 21· ·entities that you own and control, correct? 21· · · · Q.· ·Mr. Kwok, all entities for which your son 22· · · · A.· ·The Fifth. 22· ·Mileson Kwok is named as a member, director or 23· · · · Q.· ·Mr. Kwok, any funds that Mileson Kwok and 23· ·principal are actually beneficially owned and 24· ·any entities in his name received from any entity 24· ·controlled by you, correct?

TSG Reporting - Worldwide· · 877-702-9580

·1· · · · · · · · · · · · ·H. Kwok ·1· · · · · · · · · · · · ·H. Kwok ·2· · · · A.· ·The Fifth. ·2· ·your son Mileson Kwok are, in fact, owned and ·3· ·BY MR. LUFT: ·3· ·controlled by you, correct? ·4· · · · Q.· ·Mr. Kwok, Golden Spring New York Limited, ·4· · · · · · ·MR. ROMNEY:· Object to form. ·5· ·Lamp Capital LLC, Bravo Luck Limited, Infinity ·5· · · · A.· ·The Fifth. ·6· ·Treasury Management, Inc., Saraca Media Group, Inc., ·6· ·BY MR. LUFT: ·7· ·K Legacy Limited, Well Origin Limited, ACA Hong Kong ·7· · · · Q.· ·Mr. Kwok, this includes the residence at ·8· ·Investment Holdings Group Limited, and ·8· ·5 Princess Gate, London, correct? ·9· ·Powerwell Flowable Limited are all entities held in ·9· · · · A.· ·The Fifth. 10· ·the name of your son Miles Kwok, but, in fact, are 10· · · · Q.· ·Mr. Kwok, you own and control your son 11· ·owned and controlled by you, correct? 11· ·Mileson Kwok's collection of cars, correct?

12· · · · · · ·MR. ROMNEY:· Object to the form. 12· · · · A.· ·The Fifth. 13· · · · A.· ·The Fifth. 13· · · · · · ·MR. ROMNEY:· Avi, we're getting pretty far 14· ·BY MR. LUFT: 14· · · · afield of the issues in this adversary 15· · · · Q.· ·Mr. Kwok, the entity known as Kingdom Rich 15· · · · proceeding.· I've been giving quite a bit of 16· ·Limited is owned and controlled by you, not your 16· · · · leeway, but I am going to have to start 17· ·son, correct? 17· · · · directing the witness not to answer, and we'll 18· · · · A.· ·The Fifth. 18· · · · move for a protective order if we have to. 19· · · · Q.· ·Mr. Kwok, all assets held in the name of 19· · · · · · ·I don't believe there's any allegations 20· ·your son Mileson Kwok were purchased with funds 20· · · · concerning cars in the counterclaims that we're 21· ·owned and controlled by you, correct? 21· · · · here discussing today. 22· · · · · · ·MR. ROMNEY:· Object to the form. 22· · · · · · ·MR. LUFT:· I disagree, I think.· But I 23· · · · A.· ·The Fifth. 23· · · · have a couple of wrap-up questions right here, 24· ·BY MR. LUFT: 24· · · · and then I think we'll -- my next set of 25· · · · Q.· ·Mr. Kwok, all assets held in the name of 25· · · · questions, I think you'll see -- I don't think

·1· · · · · · · · · · · · ·H. Kwok ·1· · · · · · · · · · · · ·H. Kwok ·2· · · · there will be any dispute between us as to ·2· · · · · · ·MR. ROMNEY:· Object to the form. ·3· · · · their relevance. ·3· · · · A.· ·The Fifth. ·4· ·BY MR. LUFT: ·4· ·BY MR. LUFT: ·5· · · · Q.· ·Mr. Kwok, no assets held in the name of ·5· · · · Q.· ·Mr. Kwok, you were Hong Kong ·6· ·your son Mileson Kwok are owned or controlled by any ·6· ·International's sole shareholder and director up to ·7· ·of your -- his family members other than you, ·7· ·and through October 10, 2014, correct?

·8· ·correct? ·8· · · · A.· ·The Fifth. ·9· · · · · · ·MR. ROMNEY:· Object to the form. ·9· · · · Q.· ·Mr. Kwok, in October 2014, Natasha Qu, 10· · · · A.· ·The Fifth. 10· ·also known as Qu Guo Jiao was your financial 11· ·BY MR. LUFT: 11· ·manager, correct? 12· · · · Q.· ·Mr. Kwok, no assets held in the name of 12· · · · A.· ·The Fifth. 13· ·your son Mileson Kwok were purchased with funds 13· · · · Q.· ·And Ms. Qu handled your financial affairs 14· ·owned or controlled by any of its family members 14· ·at that time, correct? 15· ·other than you, correct? 15· · · · A.· ·The Fifth. 16· · · · · · ·MR. ROMNEY:· Object to the form. 16· · · · Q.· ·Mr. Kwok, at that time Ms. Qu was your 17· · · · A.· ·The Fifth. 17· ·employee and acted as your agent on all matters 18· ·BY MR. LUFT: 18· ·relating to your finances, correct? 19· · · · Q.· ·Mr. Kwok, on October 3, 2006, you 19· · · · · · ·MR. ROMNEY:· Object to the form. 20· ·incorporated a Hong Kong entity named Hong Kong 20· · · · A.· ·The Fifth. 21· ·International Funds Limited, which we've been 21· ·BY MR. LUFT: 22· ·referring to as HK International, correct? 22· · · · Q.· ·Mr. Kwok, the Declaration of Trust that 23· · · · A.· ·The Fifth. 23· ·was entered into between you and Ms. Qu, which has 24· · · · Q.· ·Mr. Kwok, at that time, all assets of Hong 25· ·Kong International belonged to you, correct? 24· ·been marked as Exhibit 1, identified Ms. Qu as the 25· ·trustee and you as the beneficiary, correct?

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·2· · · · · · ·MR. ROMNEY:· Object to the form. ·2· ·beneficiary under the agreement, correct? ·3· · · · A.· ·The Fifth. ·3· · · · · · ·MR. ROMNEY:· Object to the form. ·4· ·BY MR. LUFT: ·4· · · · A.· ·The Fifth. ·5· · · · Q.· ·Mr. Kwok, that Declaration of Trust which ·5· ·BY MR. LUFT: ·6· ·has been marked as Exhibit 1, which I'll refer to as ·6· · · · Q.· ·Mr. Kwok, the HK International Declaration ·7· ·"HK International Declaration of Trust," was entered ·7· ·of Trust that you entered into with Ms. Qu provides ·8· ·into with Ms. Qu -- sorry -- that was entered into ·8· ·that Ms. Qu would hold the shares in Hong Kong ·9· ·with Ms. Qu, authorized and requested Ms. Qu to hold ·9· ·International that you transferred to her as nominee 10· ·your main shares in Hong Kong International, 10· ·and in trust for you, correct? 11· ·correct? 11· · · · A.· ·The Fifth. 12· · · · · · ·MR. LUFT:· I'm going to strike that 12· · · · Q.· ·Mr. Kwok, pursuant to the HK International 13· · · · question, because I don't think it came across 13· ·Declaration of Trust that you entered into with 14· · · · clearly. 14· ·Ms. Qu, Ms. Qu was to exercise the rights in 15· ·BY MR. LUFT: 15· ·connection with the HK International shares that you 16· · · · Q.· ·Mr. Kwok, pursuant to the Hong Kong 16· ·transferred to her solely at your direction, 17· ·International Declaration of Trust you entered into 17· ·correct? 18· ·with Ms. Qu, you authorized and requested Ms. Qu to 18· · · · · · ·MR. ROMNEY:· Object to the form. 19· ·hold in your name shares in Hong Kong International, 19· · · · A.· ·The Fifth. 20· ·correct? 20· ·BY MR. LUFT: 21· · · · A.· ·The Fifth. 21· · · · Q.· ·Mr. Kwok, even after October 10, 2014, you 22· · · · Q.· ·Mr. Kwok, the Hong Kong International 22· ·continued to beneficially own HK International 23· ·Declaration of Trust that you entered into with 23· ·pursuant to the undisclosed HK International 24· ·Ms. Qu provides that the shares you transferred to 24· ·Declaration of Trust, correct? 25· ·Ms. Qu do not belong to Ms. Qu, but to you, as the 25· · · · · · ·MR. ROMNEY:· Object to the form.· Also,

·1· · · · · · · · · · · · ·H. Kwok ·1· · · · · · · · · · · · ·H. Kwok ·2· · · · asked and answered. ·2· · · · A.· ·The Fifth. ·3· · · · · · ·THE WITNESS:· Asked and answered.· Okay. ·3· ·BY MR. LUFT: ·4· · · · A.· ·The Fifth. ·4· · · · Q.· ·Mr. Kwok, in February 2015, you ·5· ·BY MR. LUFT: ·5· ·exclusively beneficially owned and controlled ·6· · · · Q.· ·Mr. Kwok, after October 10, 2014, you ·6· ·Bravo Luck Limited, correct? ·7· ·continued to control HK International, correct? ·7· · · · · · ·MR. ROMNEY:· Objection. ·8· · · · · · ·MR. ROMNEY:· Objection.· Asked and ·8· · · · A.· ·The Fifth. ·9· · · · answered. ·9· ·BY MR. LUFT: 10· · · · A.· ·I'm quite confused.· You're asking the 10· · · · Q.· ·Mr. Kwok, today you still beneficially own 11· ·same questions.· Every time, the same questions 11· ·and control Bravo Luck Limited, correct? 12· ·again and again. 12· · · · A.· ·The Fifth. 13· ·BY MR. LUFT: 13· · · · Q.· ·Mr. Kwok, on February 23, 2015, Bravo Luck 14· · · · Q.· ·Mr. Kwok, I don't believe I am.· Your 14· ·Limited transferred, at your direction, funds from a 15· ·counsel is free to raise an asked-and-answered 15· ·Bravo Luck bank account at UBS that you exclusively 16· ·objection, even though it is not an appropriate 16· ·control, correct? 17· ·objection at a deposition.· With that said, he's 17· · · · · · ·MR. ROMNEY:· Object to the form. 18· ·free to raise it, but I still will need you to 18· · · · A.· ·The Fifth. 19· ·answer the question. 19· · · · · · ·MR. LUFT:· I'm going to ask that the court 20· · · · A.· ·The Fifth. 20· · · · reporter mark as Kwok PJR Deposition Exhibit 2, 21· · · · Q.· ·Mr. Kwok, on February 23, 2015, 21· · · · document bearing the Bates stamp UBS00137 22· ·HK International purchased the Lady May for 22· · · · through 156. 23· ·EUR 28 million from Apsley Yacht Limited at your 23· · · · · · ·Will, that's tab 190, if you could put it 24· ·direction, correct? 25· · · · · · ·MR. ROMNEY:· Object to the form. 24· · · · up. 25· · · · · · ·(Kwok PJR Exhibit 2 was received and

TSG Reporting - Worldwide· · 877-702-9580

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

·2· · · · marked for identification, as of this date.) ·2· ·BY MR. LUFT: ·3· ·BY MR. LUFT: ·3· · · · Q.· ·This shows the UBS wire transfer of ·4· · · · Q.· ·Mr. Kwok, do you recognize this document? ·4· ·25 million for purposes of purchasing the Lady May?

·5· · · · · · ·MR. ROMNEY:· Could you make that larger? ·5· · · · · · ·MR. ROMNEY:· Is that a question?· I didn't ·6· · · · A.· ·The Fifth. ·6· · · · know if you were talking. ·7· ·BY MR. LUFT: ·7· · · · · · ·MR. LUFT:· I'm just setting it up.· I will ·8· · · · Q.· ·Mr. Kwok, this is a 2015 UBS bank ·8· · · · ask him a question once he can see it, Aaron. ·9· ·statement for Bravo Luck showing funds that you ·9· · · · · · ·MR. ROMNEY:· Yeah, yeah.· That's -- I just 10· ·beneficially owned and controlled in that account, 10· · · · wanted clarification.· Thank you. 11· ·correct? 11· · · · · · ·MR. LUFT:· Fine.· I didn't want to ask him 12· · · · A.· ·The Fifth. 12· · · · the question before he could see the document. 13· · · · Q.· ·Mr. Kwok, the funds held by -- in that 13· · · · · · ·MR. ROMNEY:· Yep. 14· ·Bravo Luck account on your behalf at UBS came from 14· · · · · · ·Could you make that a bit bigger, please. 15· ·Eastern Profit Corporation in the amount of 15· · · · · · ·Thank you. 16· ·370 million and Hong Kong International in the 16· ·BY MR. LUFT: 17· ·amount of 150 million, both entities that you owned 17· · · · Q.· ·Mr. Kwok, first of all, if we scroll down, 18· ·and controlled, correct? 18· ·do you recognize the signature on the document? 19· · · · · · ·MR. ROMNEY:· Object to the form. 19· · · · A.· ·The Fifth. 20· · · · A.· ·The Fifth. 20· · · · Q.· ·Mr. Kwok, that's your signature, correct? 21· · · · · · ·MR. LUFT:· I'll ask the court reporter to 21· · · · A.· ·The Fifth. 22· · · · mark, as Kwok PJR Deposition Exhibit 3, a 22· · · · Q.· ·Mr. Kwok, this is a UBS wire transfer 23· · · · document Bates-stamped UBS02746. 23· ·document showing the transfer of \$25 million of 24· · · · · · ·(Kwok PJR Exhibit 3 was received and 24· ·funds from the UBS bank account we just saw a 25· · · · marked for identification, as of this date.) 25· ·statement for in Exhibit 2 that were used for

·1· · · · · · · · · · · · ·H. Kwok ·1· · · · · · · · · · H. Kwok ·2· ·purchases of acquiring the Lady May for you, ·2· ·Sorry, Jingyi. ·3· ·correct? ·3· · · · MR. ROMNEY:· What's your over/under on ·4· · · · A.· ·The Fifth. ·4· ·what you've got left for the day? ·5· · · · · · ·MR. ROMNEY:· Avi, has this Exhibit 2 been ·5· · · · (A discussion was held off the record.) ·6· · · · produced to the parties in this adversary ·6· · · · THE VIDEOGRAPHER:· We're going off the ·7· · · · proceeding? ·7· ·record at 1:22 p.m. ·8· · · · · · ·MR. LUFT:· I'll have to get back to you on ·8· · · · (At 1:22 p.m. a luncheon recess was

10· · · · · · ·MR. ROMNEY:· Okay.· Thank you. 10· · · · (At 2:00 p.m. the deposition resumes.)

12· · · · Q.· ·Mr. Kwok, you had exclusive control over 12 13· ·the UBS bank account that we have been discussing, 13

16· · · · Q.· ·Mr. Kwok, your son Mileson Kwok had no 16 17· ·involvement in any transaction relating to 17 18· ·HK International's acquisition of the Lady May, 18

21· · · · · · ·MR. LUFT:· Aaron, it is 1:22.· Do you guys 21 22· · · · want to take a lunch break?· Do you want to 22

24· · · · · · ·I'm also conscious of the court reporter 25· · · · and the videographer -- and the translator. 24 TSG Reporting - Worldwide· · 877-702-9580

Page 66 ·1· · · · · · · · · · · · ·H. Kwok ·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 Page 67 ·1· · · · · · · · · · · · ·H. Kwok ·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 Page 68 ·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 Page 69 ·1· · · · · · · · · · · · ·H. Kwok ·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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·1· · · · · · · · · · · · ·H. Kwok ·1· · · · · · · · · · · · ·H. Kwok ·2· ·send \$37 million to be posted as a bond on April 13, ·2· ·BY MR. LUFT: ·3· ·2022, correct? ·3· · · · Q.· ·For clarity, Mr. Kwok, you owned and ·4· · · · A.· ·The Fifth. ·4· ·controlled Himalaya International Financial Group in

·5· · · · Q.· ·Mr. Kwok, the loan agreement between ·5· ·April 2022, correct? ·6· ·Mr. Je's -- let me strike that. ·6· · · · · · ·MR. ROMNEY:· Asked and answered. ·7· · · · · · ·Mr. Kwok, the loan agreement between ·7· · · · A.· ·The Fifth. ·8· ·Himalaya Capital and HK USA, both entities that you ·8· ·BY MR. LUFT: ·9· ·own and control, was agreed to on April 19, 2022, ·9· · · · Q.· ·Mr. Kwok, the terms set out in Exhibit 4, 10· ·correct? 10· ·which is the stipulated order compelling 11· · · · · · ·MR. ROMNEY:· Object to the form. 11· ·HK International Funds Investments to transport and 12· · · · A.· ·The Fifth. 12· ·deliver the Lady May, were irrelevant to your 13· ·BY MR. LUFT: 13· ·decision to have Himalaya International Financial 14· · · · Q.· ·Mr. Kwok, you directed both HK USA and 14· ·Group loan \$37 million to HK USA, correct? 15· ·Himalaya Capital to enter into the \$37 million loan 15· · · · · · ·MR. ROMNEY:· Object to the form. 16· ·agreement, correct? 16· · · · A.· ·The Fifth. 17· · · · A.· ·The Fifth. 17· ·BY MR. LUFT: 18· · · · Q.· ·Mr. Kwok, sorry.· I have been referring to 18· · · · Q.· ·Mr. Kwok, you would have had -- sorry. 19· ·them as "Himalaya International Capital."· What I 19· ·Let me strike that.

20· ·meant was Himalaya International Financial Group 20· · · · · · ·Mr. Kwok, HK USA entered into the 21· ·Limited. 21· ·\$37 million loan with Himalaya International 22· · · · · · ·Does that correction change any of your 22· ·Financial Group Limited at your direction regardless 23· ·answers? 23· ·of any terms that were to be agreed to regarding the 24· · · · · · ·MR. ROMNEY:· Objection. 24· ·stipulated order compelling the return of the 25· · · · A.· ·The Fifth. 25· ·Lady May, correct?

·1· · · · · · · · · · · · ·H. Kwok ·1· · · · · · · · · · · · ·H. Kwok ·2· · · · A.· ·The Fifth. ·2· · · · Q.· ·Mr. Kwok, you have exclusive control over ·3· · · · · · ·MR. ROMNEY:· Could I have that question ·3· ·ACA Capital Group Limited, correct?

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

22· · · · A.· ·The Fifth. 22· ·sent over to post as a bond was so that you could 23· · · · Q.· ·Mr. Kwok, you're the exclusive beneficial 23· ·stay out of jail, correct? 24· ·owner of ACA Capital Group Limited, correct? 25· · · · A.· ·The Fifth. 24· · · · · · ·MR. ROMNEY:· Object to the form. 25· · · · A.· ·The Fifth.

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·1· · · · · · · · · · · · ·H. Kwok Page 75

·2· ·BY MR. LUFT: ·2· · · · return to this exhibit and I'll investigate how ·3· · · · Q.· ·Mr. Kwok, because you're motivated by ·3· · · · to adjust the audio. ·4· ·staying out of jail, you would have had the ·4· · · · · · ·MR. LUFT:· Why don't we play it through ·5· ·\$37 million sent over to post as a bond regardless ·5· · · · once without the sound and we will do what we ·6· ·of any terms associated with its return or how it ·6· · · · can do and, Will, you can work on it. ·7· ·would be handled once the Lady May arrived, correct? ·7· · · · · · ·Will, could you play Exhibit 5. ·8· · · · · · ·MR. ROMNEY:· Object to the form. ·8· · · · · · ·MR. FARMER:· (Complies.) ·9· · · · A.· ·The Fifth. ·9· · · · · · ·(Video played without audio.) 10· · · · · · ·MR. LUFT:· Mr. Kwok, I want to show you 10· ·BY MR. LUFT: 11· · · · what I'll mark as an exhibit, a video from Vice 11· · · · Q.· ·Mr. Kwok, do you recognize that you are 12· · · · that I'll ask my colleague to play.· It will be 12· ·one of the people in that video?

13· · · · marked as Exhibit 5. 13· · · · A.· ·The Fifth. 14· · · · · · ·(Kwok PJR Exhibit 5 was received and 14· · · · Q.· ·Mr. Kwok, while we could not hear the 15· · · · marked for identification, as of this date.) 15· ·audio, under the subtitles there were repeated 16· · · · · · ·THE WITNESS:· Is there a question? 16· ·references by you saying -- referring to "my yacht," 17· · · · · · ·MR. LUFT:· I'm sorry, Mr. Kwok, there was 17· ·correct? 18· · · · not.· There was not any audio.· Once I can get 18· · · · A.· ·The Fifth. 19· · · · it to play, I'll ask you a question. 19· · · · Q.· ·And Mr. Kwok, the yacht you were referring 20· · · · · · ·Anyone hear sound? 20· ·to when you told the interviewer from Vice News 21· · · · · · ·MR. ROMNEY:· We do not hear any sound. 21· ·about "my yacht" was the Lady May, correct? 22· · · · · · ·MR. FARMER:· Sound issue.· Sorry. 22· · · · A.· ·The Fifth. 23· · · · · · ·MR. LUFT:· Take your time, Will. 23· · · · Q.· ·Mr. Kwok, Exhibit 5 appears to be a true 24· · · · · · ·THE WITNESS:· There's no sound. 24· ·and accurate copy of your interview with Vice News, 25· · · · · · ·MR. FARMER:· In that case, we may need to 25· ·correct?

·1· · · · · · · · · · · · ·H. Kwok ·1· · · · · · · · · · · · ·H. Kwok ·2· · · · A.· ·The Fifth. ·2· ·2022, correct? ·3· · · · · · ·MR. LUFT:· Will, could I ask you to put up ·3· · · · A.· ·The Fifth. ·4· · · · the next video.· And we'll mark it as ·4· · · · · · ·MR. LUFT:· Will, could I ask you to play ·5· · · · Exhibit 6. ·5· · · · the next video, which we'll mark as Kwok ·6· · · · · · ·(Kwok PJR Exhibit 6 was received and ·6· · · · PJR Deposition Exhibit No. 7. ·7· · · · marked for identification, as of this date.) ·7· · · · · · ·(Kwok PJR Exhibit 7 was received and ·8· · · · · · ·(Video played with audio.) ·8· · · · marked for identification, as of this date.) ·9· ·BY MR. LUFT: ·9· · · · · · ·(Video played with audio.) 10· · · · Q.· ·Mr. Kwok, you are the person speaking in 10· ·BY MR. LUFT: 11· ·the video that is Exhibit 6, correct? 11· · · · Q.· ·Mr. Kwok, the person speaking in that 12· · · · A.· ·The Fifth. 12· ·video is you, correct? 13· · · · Q.· ·Mr. Kwok, you were aboard the Lady May at 13· · · · A.· ·The Fifth. 14· ·the time of the video, correct? 14· · · · Q.· ·And in the video, Mr. Kwok, that's a true 15· · · · A.· ·The Fifth. 15· ·and accurate copy of an interview you gave, 16· · · · Q.· ·Mr. Kwok, this video was created in 16· ·Mr. Kwok?

17· ·November of 2022, correct? 18· · · · A.· ·The Fifth. 17· · · · A.· ·The Fifth. 18· · · · Q.· ·Mr. Kwok, in the video you talk about

19· · · · Q.· ·Mr. Kwok, this video was posted on Vetter 19· ·selling the Lady May, correct? 20· ·(phonetic) social media network you own and control, 20· · · · A.· ·The Fifth. 21· ·correct? 21· · · · Q.· ·Mr. Kwok, in the video you talk about how 22· · · · A.· ·The Fifth. 22· ·when you purchased the Lady May in 2015, it was 23· · · · Q.· ·Mr. Kwok, the video that has been marked 23· ·delivered to Miami at that time, correct? 24· ·as Exhibit 6 is a true and accurate copy of you 25· ·speaking on the deck of the Lady May in November of 24· · · · A.· ·The Fifth. 25· · · · Q.· ·Mr. Kwok, the Lady May has been in the

TSG Reporting - Worldwide· · 877-702-9580

·1· · · · · · · · · · · · ·H. Kwok ·1· · · · · · · · · · · · ·H. Kwok ·2· ·United States since 2015, correct? ·2· · · · Q.· ·Mr. Kwok, at no time during this period ·3· · · · A.· ·The Fifth. ·3· ·did your daughter, Mei Guo, ever step foot on the ·4· · · · Q.· ·Mr. Kwok, you have been in the ·4· ·Lady May, correct? ·5· ·United States the entire time that the Lady May has ·5· · · · A.· ·The Fifth. ·6· ·been in the United States, correct? ·6· · · · Q.· ·Mr. Kwok, your use of the Lady May between ·7· · · · · · ·Let me strike that. ·7· ·2015 and June 2017 is no different than your use of ·8· · · · · · ·Mr. Kwok, you have been residing in the ·8· ·the Lady May from June 2017 until the present, ·9· ·United States since 2015, correct? ·9· ·correct? 10· · · · A.· ·The Fifth. 10· · · · · · ·MR. ROMNEY:· Object to the form. 11· · · · Q.· ·Mr. Kwok, your daughter Mei Guo did not 11· · · · A.· ·The Fifth. 12· ·come to the United States until 2017, correct? 12· · · · · · ·THE WITNESS:· Ms. Wang, I need to go to 13· · · · · · ·MR. ROMNEY:· Object to the form. 13· · · · the bathroom again.· I'm feeling uncomfortable. 14· · · · A.· ·The Fifth. 14· · · · · · ·MR. LUFT:· Let's take a break so that you 15· ·BY MR. LUFT: 15· · · · can do so. 16· · · · Q.· ·Mr. Kwok, when the Lady May was purchased 16· · · · · · ·THE WITNESS:· I'm really sorry. 17· ·in 2015, it was not delivered to the location where 17· · · · · · ·MR. LUFT:· No.· Please, take care of 18· ·Mei Guo was living but, in fact, was delivered to 18· · · · yourself. 19· ·the United States where you were living, correct? 19· · · · · · ·THE VIDEOGRAPHER:· We're going off the 20· · · · A.· ·The Fifth. 20· · · · record at 2:49 p.m. 21· · · · Q.· ·Mr. Kwok, between the time the boat was 21· · · · · · ·(Recess.) 22· ·delivered to Miami in 2015 and June of 2017, you 22· · · · · · ·THE VIDEOGRAPHER:· We're back on the 23· ·used -- you boarded and sailed on the Lady May 23· · · · record at 2:54 p.m. 24· ·frequently, correct? 24· ·BY MR. LUFT: 25· · · · A.· ·The Fifth. 25· · · · Q.· ·Mr. Kwok, I'm going to ask my colleague to

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

·2· ·put back up Exhibit 5, which I'm told now we have ·2· ·BY MR. LUFT: ·3· ·audio for. ·3· · · · Q.· ·Mr. Kwok, you see yourself in the top ·4· · · · · · ·MR. FARMER:· One moment. ·4· ·left-hand corner of that call -- the video of that ·5· · · · · · ·(Video played with audio.) ·5· ·call, with the name Miles under you? ·6· ·BY MR. LUFT: ·6· · · · A.· ·The Fifth. ·7· · · · Q.· ·Mr. Kwok, now that you could hear the ·7· · · · Q.· ·Mr. Kwok, this is a true and accurate copy ·8· ·audio of that video, do you agree that that is a ·8· ·of a call that you conducted, correct? ·9· ·true and accurate copy of the interview that you ·9· · · · A.· ·The Fifth. 10· ·gave with Vice News? 10· · · · Q.· ·Mr. Kwok, on that call, you were telling 11· · · · A.· ·The Fifth. 11· ·participants that if they had any questions, they 12· · · · Q.· ·Mr. Kwok, you heard in that video which is 12· ·should reach out to William Je, correct? 13· ·Exhibit 5 multiple references to "my yacht," 13· · · · A.· ·The Fifth. 14· ·correct? 14· · · · Q.· ·And Mr. Kwok, in this video of the call 15· · · · A.· ·The Fifth. 15· ·you conducted, you were telling the participants 16· · · · Q.· ·And Mr. Kwok, the yacht that you were 16· ·that if they had questions relating to transferring 17· ·referencing in Exhibit 5 repeatedly as "my yacht" is 17· ·funds to entities you own and control, they should 18· ·the Lady May, correct? 18· ·speak to your agent, William Je, correct? 19· · · · A.· ·The Fifth. 19· · · · A.· ·The Fifth. 20· · · · · · ·MR. LUFT:· I'll ask my colleague, Will 20· · · · · · ·MR. LUFT:· Will, could you please -- I'll 21· · · · Farmer, to post the next video, which we'll 21· · · · ask you to mark as Exhibit 9, the next exhibit, 22· · · · mark as Exhibit 8 for this deposition. 22· · · · which, I believe, is a Tweet dated 23· · · · · · ·(Kwok PJR Exhibit 8 was received and 23· · · · May 10, 2017. 24· · · · marked for identification, as of this date.) 24· · · · · · ·(Kwok PJR Exhibit 9 was received and 25· · · · · · ·(Video played with audio.) 25· · · · marked for identification, as of this date.)

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

·2· ·BY MR. LUFT: ·2· · · · A.· ·The Fifth. ·3· · · · Q.· ·Mr. Kwok, do you recognize yourself in ·3· · · · Q.· ·Do you see -- and this is a true and ·4· ·this exhibit? ·4· ·accurate copy of the Tweets you posted on August 27, ·5· · · · A.· ·The Fifth. ·5· ·2017, Mr. Kwok? ·6· · · · Q.· ·Mr. Kwok, this is a true and accurate copy ·6· · · · A.· ·The Fifth. ·7· ·of the Tweet you posted, correct? ·7· · · · Q.· ·Mr. Kwok, in this Tweet you refer to the ·8· · · · A.· ·The Fifth. ·8· ·Lady May as "my ship," correct? ·9· · · · Q.· ·And in this Tweet, Mr. Kwok, from May 10, ·9· · · · A.· ·The Fifth.

10· ·2017, you state that you're posting photos of "the 10· · · · Q.· ·And you wrote those words, correct, Mr. 11· ·yacht I gave to my daughter and named after her," 11· ·Kwok? 12· ·correct? 12· · · · A.· ·The Fifth. 13· · · · A.· ·The Fifth. 13· · · · Q.· ·Mr. Kwok, in this Tweet you also write 14· · · · Q.· ·Mr. Kwok, in this Tweet you also wrote 14· ·"This was two years ago, when I was in Miami, when I 15· ·that "I bought the Lady May for EUR 41 million," 15· ·had just signed the most important investment 16· ·correct? 16· ·contract of my life," exclamation point. 17· · · · A.· ·The Fifth. 17· · · · · · ·Do you see that? 18· · · · Q.· ·Mr. Kwok, you see below it, if we could 18· · · · A.· ·The Fifth. 19· ·scroll down, there's another Tweet from August 27, 19· · · · Q.· ·Mr. Kwok, who did you sign the most 20· ·2017. 20· ·important investment contract of your life with? 21· · · · · · ·Do you see that Mr. Kwok? 21· · · · A.· ·The Fifth. 22· · · · A.· ·Ms. Wang, what is the question? 22· · · · Q.· ·Mr. Kwok, you signed that investment 23· · · · Q.· ·Whether you see the Tweet from 23· ·contract on your own behalf, not acting as anyone 24· ·August 27, 2017 below the one where that is a 24· ·else's agent, correct? 25· ·picture of you? 25· · · · A.· ·The Fifth.

·1· · · · · · · · · · · · ·H. Kwok ·1· · · · · · · · · · · · ·H. Kwok ·2· · · · Q.· ·Mr. Kwok, what did you do with the assets ·2· · · · · · ·MR. LUFT:· Yes, ma'am. ·3· ·you received from signing that investment contract? ·3· · · · A.· ·The Fifth. ·4· · · · A.· ·The Fifth. ·4· ·BY MR. LUFT: ·5· · · · Q.· ·Mr. Kwok, you own and control an entity ·5· · · · Q.· ·Mr. Kwok, a man named Elliot Dordick is ·6· ·called "HCHK Property Management Inc.," correct? ·6· ·affiliated with HCHK Technologies, Inc., and HCHK ·7· · · · A.· ·The Fifth. ·7· ·Property Management, Inc., correct? ·8· · · · Q.· ·Mr. Kwok, and for the record, when ·8· · · · A.· ·The Fifth. ·9· ·referencing the video exhibits I've shown you today, ·9· · · · Q.· ·Mr. Kwok, all actions and statements made 10· ·your answers would not change if I was describing 10· ·and taken by Mr. Dordick in relation to the 11· ·the videos as true and correct recordings as opposed 11· ·Chapter 11 trustee in this case, (indiscernible), 12· ·to true and correct copies, correct? 12· ·have been done at your direction and under your 13· · · · A.· ·In this one, what's the question? 13· ·control? 14· · · · Q.· ·When referencing the video exhibits we've 14· · · · · · ·MR. ROMNEY:· I'm going to object.· Again, 15· ·looked at today, meaning Exhibits 5, 6, 7, and 8, I 15· · · · we seem to be getting pretty far outside the 16· ·asked you if they were true and correct copies. 16· · · · scope of anything in this adversary proceeding. 17· · · · · · ·And what I want to know is, your answers 17· · · · · · ·Go ahead an answer this one, but absent an 18· ·would not change if I also asked you the same 18· · · · offer of proof, I'm going to start instructing 19· ·question as to whether they're true and accurate 19· · · · the witness not to answer to this line. 20· ·recordings of those videos, correct? 20· · · · · · ·Go ahead. 21· · · · A.· ·The Fifth. 21· · · · A.· ·The Fifth. 22· · · · Q.· ·Mr. Kwok, you own and control a property 22· ·BY MR. LUFT: 23· ·called "HCHK Technologies Inc.," correct? 23· · · · Q.· ·Mr. Kwok, in addition to the Lady May, you 24· · · · · · ·THE INTERPRETER:· HCHK Technologies, Inc., 24· ·also own and control a second boat named the 25· · · · is that the company's name? 25· ·Lady May II, correct?

TSG Reporting - Worldwide· · 877-702-9580

·1· · · · · · · · · · · · ·H. Kwok ·1· · · · · · · · · · · · ·H. Kwok ·2· · · · A.· ·The Fifth. ·2· ·Limited, Saraca Media Group, Greenwich Land LLC, ·3· · · · Q.· ·The Lady May II, like the Lady May, is ·3· ·Rule of Law Society, and the Sherry-Netherland ·4· ·also an asset of your estate, correct? ·4· ·apartment were all taken at your direction, correct? ·5· · · · · · ·MR. ROMNEY:· Object to the form. ·5· · · · A.· ·The Fifth. ·6· · · · A.· ·The Fifth. ·6· · · · Q.· ·Mr. Kwok, Anthony D'Battista is also an ·7· ·BY MR. LUFT: ·7· ·employee of yours, correct? ·8· · · · Q.· ·Mr. Kwok, where is the Lady May II ·8· · · · A.· ·The Fifth. ·9· ·currently located? ·9· · · · Q.· ·Mr. D'Battista acts as your agent in 10· · · · A.· ·The Fifth. 10· ·connection with his work related to all the G 11· · · · Q.· ·Mr. Kwok, Daniel Podhaskie served as your 11· ·entities in Saraca Media, correct? 12· ·counsel previously, correct? 12· · · · · · ·(Reporter clarification.) 13· · · · A.· ·The Fifth. 13· ·BY MR. LUFT: 14· · · · Q.· ·Mr. Podhaskie was your employee, correct? 14· · · · Q.· ·Mr. Kwok, Mr. D'Battista acts as your 15· · · · A.· ·The Fifth. 15· ·agent and under your direction in connection with 16· · · · Q.· ·Mr. Kwok, Mr. Podhaskie has acted as your 16· ·all of his activities related to the G entities, by 17· ·agent, correct? 17· ·which I mean, G Fashion G Music G Club, Getter, as 18· · · · A.· ·The Fifth. 18· ·well as Saraca Media, correct? 19· · · · Q.· ·Mr. Kwok, all actions Mr. Podhaskie took 19· · · · A.· ·The Fifth. 20· ·as counsel to Golden Spring were, in fact, actions 20· · · · Q.· ·Mr. Kwok, you know who Fiona Yu is, 21· ·taken at your direction and for your benefit, 21· ·correct? 22· ·correct? 22· · · · A.· ·The Fifth. 23· · · · A.· ·The Fifth. 23· · · · Q.· ·You directed Fiona Yu to speak as your 24· · · · Q.· ·Mr. Kwok, all actions taken by Daniel 24· ·agent in connection with seeking legal advice 25· ·Podhaskie relating to Golden Spring, Leading Shine 25· ·related to hiding the Lady May from your creditors

·1· · · · · · · · · · · · ·H. Kwok ·1· · · · · · · · · · · · ·H. Kwok ·2· ·when she discussed this with your counsel, Hodgson ·2· · · · A.· ·The Fifth. ·3· ·Russ, correct? ·3· · · · Q.· ·Mr. Kwok, you're aware of a man named Han ·4· · · · A.· ·The Fifth. ·4· ·Chunguang? ·5· · · · Q.· ·Mr. Kwok, similarly, Ms. Yu took all ·5· · · · A.· ·The Fifth. ·6· ·actions related to ACA Capital Group Limited at your ·6· · · · Q.· ·Mr. Kwok, Eastern Profit Limited is an ·7· ·direction, correct? ·7· ·entity in the name of your daughter Mei Guo, ·8· · · · A.· ·The Fifth. ·8· ·correct? ·9· · · · Q.· ·And Mr. Kwok, you installed Fiona Yu as ·9· · · · A.· ·The Fifth. 10· ·the company secretary of ACA Capital Group Limited, 10· · · · Q.· ·And Mr. Kwok, all actions taken by 11· ·an entity you own and control, correct? 11· ·Mr. Chunguang as relate to Eastern Profit are taken 12· · · · A.· ·The Fifth. 12· ·at your direction, correct? 13· · · · Q.· ·Mr. Kwok, Karen Maistrello is another 13· · · · · · ·MR. ROMNEY:· Object to the form. 14· ·person who acts as your agent in connection with 14· · · · A.· ·The Fifth. 15· ·your business transactions, correct? 15· ·BY MR. LUFT: 16· · · · A.· ·The Fifth. 16· · · · Q.· ·Mr. Kwok, Mr. Chunguang acts as your agent 17· · · · · · ·MR. LUFT:· And for the record, Maistrello 17· ·in connection with all endeavors related to any 18· · · · is spelled M-A-I-S-T-R-E-L-L-O. 18· ·entities related to you, correct? 19· · · · · · ·THE WITNESS:· Do I need to answer? 19· · · · · · ·MR. ROMNEY:· I'm going to object.· We're, 20· · · · · · ·MR. LUFT:· No.· I'm just providing that 20· · · · once again, getting pretty far afield of the 21· · · · information to the Court Reporter, Mr. Kwok. 21· · · · relatively narrow allegations back and forth in 22· · · · There's nothing for you to do. 22· · · · the HK adversary proceeding. 23· · · · · · ·MR. LUFT:· I disagree.· This is another 23· ·BY MR. LUFT: 24· · · · Q.· ·Mr. Kwok, Ms. Maistrello was an employee 24· · · · entity in the name of Ms. Guo. 25· ·of yours, correct? 25· · · · · · ·MR. ROMNEY:· Another entity?

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·1· · · · · · · · · · · · ·H. Kwok ·1· · · · · · · · · · · · ·H. Kwok ·2· · · · · · ·MR. LUFT:· Right.· Consistent with a ·2· · · · · · ·MR. ROMNEY:· Object to the form. ·3· · · · pattern and practice of activities. ·3· · · · A.· ·The Fifth. ·4· · · · · · ·MR. ROMNEY:· You can answer the question. ·4· ·BY MR. LUFT:

·5· · · · I guess, getting pretty far afield, I have not ·5· · · · Q.· ·Mr. Kwok, you, as a beneficial owner ·6· · · · yet directed the witness not to answer a ·6· ·and -- control Whitecroft Shores Limited, which is a ·7· · · · question.· Based on relevance, I'm telling you ·7· ·BVI corporation in the name of your daughter? ·8· · · · we're getting pretty close on this one. ·8· · · · · · ·MR. ROMNEY:· The audio got muffled on that ·9· · · · · · ·Go ahead. ·9· · · · one. 10· · · · A.· ·The Fifth. 10· · · · · · ·MR. LUFT:· Sure.· I'm happy to ask it 11· ·BY MR. LUFT: 11· · · · again. 12· · · · Q.· ·And I apologize to Mr. Han.· I'm told Han 12· ·BY MR. LUFT: 13· ·is his last name. 13· · · · Q.· ·Mr. Kwok, you beneficially owned and 14· · · · · · ·Mr. Kwok, you understood who I was 14· ·controlled Whitecroft Shore Limited, a BVI

15· ·referring to when I said Han Chunguang, that Han is 15· ·corporation that is listed in the name of your 16· ·the last name? 16· ·daughter Mei Guo, correct? 17· · · · A.· ·The Fifth. 17· · · · · · ·MR. ROMNEY:· Object to the form. 18· · · · Q.· ·And with that clarification, Mr. Kwok, 18· · · · A.· ·The Fifth. 19· ·would that change any of the answers you've 19· ·BY MR. LUFT: 20· ·previously given with regard to Mr. Han Chunguang? 20· · · · Q.· ·Mr. Kwok, you placed your asset Bombardier 21· · · · A.· ·The Fifth. 21· ·Global XRS with the -- a plane, with the serial 22· · · · Q.· ·Ms. Kwok, the Lady May was not the only 22· ·number 9189, into Whitecroft Shore Limited, correct? 23· ·one of -- is not the only vehicle you owned and 23· · · · A.· ·The Fifth. 24· ·controlled that you put in the name of your 24· · · · Q.· ·Mr. Kwok, despite this plane being listed 25· ·daughter, correct? 25· ·under the name of Whitecroft Shore Limited at all

·1· · · · · · · · · · · · ·H. Kwok ·1· · · · · · · · · · · · ·H. Kwok ·2· ·times, you were the beneficial owner and controlled ·2· · · · on with our lives today, because this is ·3· ·that plane, correct? ·3· · · · getting extremely far outside the scope. ·4· · · · A.· ·The Fifth. ·4· · · · · · ·MR. LUFT:· Okay.· I hear your point. I ·5· · · · Q.· ·Mr. Kwok, you're similarly the beneficial ·5· · · · don't agree with you.· That said, I think you ·6· ·owner and control an airbus, ACJ319, correct? ·6· · · · understand the point I'm trying to make and why ·7· · · · A.· ·The Fifth. ·7· · · · I think that's pertinent. ·8· · · · Q.· ·Mr. Kwok, all funds used to purchase the ·8· · · · · · ·I will try to move through.· I don't think ·9· ·Bombardier Global XRS and airbus ACJ319 belong to ·9· · · · there's very much more, and I'll try to move 10· ·you, correct? 10· · · · through it quickly. 11· · · · A.· ·The Fifth. 11· · · · · · ·MR. ROMNEY:· Thank you. 12· · · · · · ·MR. ROMNEY:· Avi, I do think we need to 12· · · · · · ·MR. LUFT:· Okay.

13· · · · start moving on.· I get your point and 13· · · · · · ·MR. ROMNEY:· All right. 14· · · · understand your point.· You're trying to prove 14· · · · · · ·MR. LUFT:· Just a couple more entities and 15· · · · some sort of course of conduct.· I'm not saying 15· · · · a couple more people, and I think we'll be 16· · · · I agree with it, but I understand the concept 16· · · · okay. 17· · · · that you're doing.· But I think delving into 17· ·BY MR. LUFT: 18· · · · multiple layers that are of multiple entities 18· · · · Q.· ·Mr. Kwok, you're familiar with a person 19· · · · in questions that are nearly identical is 19· ·named Zhang Wei, correct? 20· · · · becoming extremely redundant, going outside the 20· · · · A.· ·The Fifth. 21· · · · rule -- of the scope of Rule 26, and getting to 21· · · · Q.· ·Mr. Kwok, any actions taken by Zhang Wei 22· · · · the point of harassment-like behavior. 22· ·related to any assets or entities related to you are 23· · · · · · ·And I'm not saying that to be 23· ·taken at your direction and under your control, 24· · · · disrespectful; I'm just saying that so we can 24· ·correct? 25· · · · all move on with our lives after today or move 25· · · · · · ·MR. ROMNEY:· Object to the form.

TSG Reporting - Worldwide· · 877-702-9580

·1· · · · · · · · · · · · ·H. Kwok Page 95

·2· · · · A.· ·The Fifth. ·2· ·Genever Holdings Corporation, correct? ·3· ·BY MR. LUFT: ·3· · · · A.· ·The Fifth. ·4· · · · Q.· ·Mr. Kwok, Zhang Wei was never the owner of ·4· · · · Q.· ·Mr. Kwok, you're the beneficial owner and ·5· ·Genever Holdings LLC, correct? ·5· ·control Greenwich Land LLC, correct? ·6· · · · · · ·(Reporter clarification.) ·6· · · · · · ·MR. ROMNEY:· I'm going to object and ·7· ·BY MR. LUFT: ·7· · · · direct the witness not to answer.· That is -- ·8· · · · Q.· ·Zhang Wei was never the owner of Genever, ·8· · · · that entity doesn't relate to any party in this ·9· ·G-E-N-E-V-E-R, Holdings LLC, correct? ·9· · · · adversary proceeding at all. 10· · · · · · ·MR. ROMNEY:· Object to the question.· It 10· · · · · · ·MR. LUFT:· So, Aaron, let me lay more of a 11· · · · is related to another ongoing proceeding to 11· · · · foundation and then, hopefully, you'll 12· · · · which Ms. Guo and HKI are already obviously 12· · · · understand, okay? 13· · · · parties.· It's outside the scope of this 13· · · · · · ·MR. ROMNEY:· Okay. 14· · · · adversary proceeding. 14· ·BY MR. LUFT: 15· ·BY MR. LUFT: 15· · · · Q.· ·Mr. Kwok, Max Krasner and Yvette Wang both 16· · · · Q.· ·You can answer, Mr. Kwok. 16· ·took actions related to the Lady May in connection 17· · · · A.· ·The Fifth. 17· ·with their roles on your behalf with Golden Spring, 18· · · · Q.· ·Mr. Kwok, we talked about Bravo Luck 18· ·correct? 19· ·Limited earlier. 19· · · · · · ·MR. ROMNEY:· Object to the form. 20· · · · · · ·Mr. Zhang Wei never was the owner of 20· · · · A.· ·The Fifth. 21· ·Bravo Luck Limited, correct? 21· ·BY MR. LUFT: 22· · · · A.· ·The Fifth. 22· · · · Q.· ·Mr. Kwok, Mr. Krasner and Ms. Wang also 23· · · · Q.· ·Last question with regard to this and I'll 23· ·hold, at the same time, positions with Greenwich 24· ·move on. 24· ·Land LLC, correct? 25· · · · · · ·Mr. Zhang Wei was never the owner of 25· · · · · · ·THE WITNESS:· Sorry.· I need to go to the

·1· · · · · · · · · · · · ·H. Kwok ·1· · · · · · · · · · · · ·H. Kwok ·2· · · · bathroom again.· My belly is making some noises ·2· · · · and Agreement."· That's at tab 211. ·3· · · · again. ·3· · · · · · ·(Kwok PJR Exhibit 10 was received and ·4· · · · · · ·MR. LUFT:· Okay.· Mr. Kwok, I just need ·4· · · · marked for identification, as of this date.) ·5· · · · you to answer this question because we can't ·5· · · · · · ·MR. LUFT:· Will, if you go to the last ·6· · · · take a break while a question is pending, but ·6· · · · page. ·7· · · · then I'll let you take a break. ·7· ·BY MR. LUFT: ·8· · · · A.· ·I've just answered this, the Fifth. ·8· · · · Q.· ·Mr. Kwok, do you recognize this document? ·9· · · · · · ·MR. LUFT:· Okay.· Let's take a break so ·9· · · · A.· ·The Fifth. 10· · · · you can go to the bathroom. 10· · · · Q.· ·Mr. Kwok, do you see your signature on 11· · · · · · ·THE VIDEOGRAPHER:· We're going off the 11· ·this page -- on the last page? 12· · · · record at 3:37 p.m. 12· · · · A.· ·The Fifth. 13· · · · · · ·(Recess.) 13· · · · Q.· ·Mr. Kwok, this trust agreement, which 14· · · · · · ·THE VIDEOGRAPHER:· We're back on the 14· ·is -- purported trust agreement, which has been 15· · · · record at 3:43 p.m. 15· ·marked as Exhibit 10, did not exist as of March 6, 16· ·BY MR. LUFT: 16· ·2015, when closing occurred for the purchase of the 17· · · · Q.· ·Mr. Kwok, I'm going to ask you again, you 17· ·Sherry-Netherland apartment, correct? 18· ·are the beneficial owner and control Greenwich Land 18· · · · · · ·MR. ROMNEY:· I'm going to object.· This 19· ·LLC, correct? 19· · · · document, again, is the subject of a dispute. 20· · · · A.· ·The Fifth. 20· · · · It's directly at issue in another adversary 21· · · · Q.· ·Okay.· Mr. Kwok, I'm going to ask that the 21· · · · proceeding to which the parties are not here. 22· ·document -- 22· · · · I don't see any significance or any relevance 23· · · · · · ·MR. LUFT:· Will, if you could mark as Kwok 23· · · · whatsoever to this document to HK USA or 24· · · · PJR Deposition Exhibit 10 -- Will, if you could 25· · · · put up a document titled "Declaration of Trust 24· · · · Ms. Guo. 25· · · · · · ·MR. LUFT:· Well, the entity that entered

TSG Reporting - Worldwide· · 877-702-9580

·1· · · · · · · · · · · · ·H. Kwok ·1· · · · · · · · · · · · ·H. Kwok ·2· · · · into Bravo Luck Limited is the same entity that ·2· ·this hearing and were asked the identical questions ·3· · · · purportedly funded the purchase of the Lady May ·3· ·that you were asked today, would you give the same ·4· · · · and the Sherry-Netherland apartment.· I think ·4· ·answers to them? ·5· · · · it's directly relevant.· I'm happy not to spend ·5· · · · · · ·MR. ROMNEY:· Am I correct that the ·6· · · · a lot of time on it, but I would like an answer ·6· · · · question assumes the absence of an objection or ·7· · · · to my question. ·7· · · · an objection that was not sustained? ·8· · · · A.· ·The Fifth. ·8· · · · · · ·Is that a fair qualification on the ·9· · · · · · ·MR. LUFT:· Mr. Kwok, why don't we take a ·9· · · · question? 10· · · · five-minute break.· I may be done.· So let me 10· · · · · · ·MR. LUFT:· My question assumes no waiver 11· · · · just check my notes.· Is that okay? 11· · · · of your right to object to any questions that 12· · · · · · ·THE VIDEOGRAPHER:· We're going off the 12· · · · you objected to today. 13· · · · record at 3:47 p.m. 13· · · · · · ·MR. ROMNEY:· Thank you. 14· · · · · · ·(Recess.) 14· · · · · · ·THE INTERPRETER:· The witness said "yes" 15· · · · · · ·THE VIDEOGRAPHER:· We're back on the 15· · · · just now.· That didn't get interpreted. 16· · · · record at 3:54 p.m. 16· · · · · · ·MR. LUFT:· Okay. 17· · · · · · ·MR. LUFT:· Mr. Kwok, your counsel and I 17· ·BY MR. LUFT: 18· · · · have discussed the idea that if the Court is 18· · · · Q.· ·Just so we're clear Mr. Kwok, your answer 19· · · · amenable, that in lieu of you giving live 19· ·to my question is "yes"? 20· · · · testimony at the PJR hearing, that we can use 20· · · · A.· ·Yes. 21· · · · this deposition transcript.· I hope the Court 21· · · · · · ·MR. LUFT:· Mr. Kwok, I have no further 22· · · · will agree to that. 22· · · · questions for you at this time.· I thank you 23· ·BY MR. LUFT: 23· · · · very much for the time you've given us today. 24· · · · Q.· ·But let me just ask, if for whatever 24· · · · · · ·MR. ROMNEY:· Thank you.· I have no 25· ·reason you were to have to give live testimony at 25· · · · questions for the witness.

·1· · · · · · · · · · H. Kwok ·1 ·2· · · · · · ·MR. LUFT:· Standing order. ·2· · · · THE WITNESS:· I wanted to take this ·3· · · · · · ·MR. ROMNEY:· We'll take a copy but no ·3· ·opportunity to also thank you -- say thank you ·4· · · · rough. ·4· ·to everybody here today.· I'm sorry that ·5· · · · · · ·MS. SONG:· Same thing. ·5· ·because I was feeling uncomfortable, so I ·6· · · · · · ·MR. ROMNEY:· We will also ask for a copy ·6· ·wasted quite a bit of everybody's time. ·7· · · · of the video as well. ·7· · · · But I want to say thank you for all the ·8 ·8· ·professional questions, and I also want to ·9· · · · · · ·(Time noted:· 3:59 p.m.) ·9· ·extend my thanks to you, the Interpreters, 10 10· ·including Ms. Wang and Luyi, as well as the 11 11· ·Court Reporter and all of the counsels present 12· · · · · · · · · · · ·____________________________ 12· ·today as well as our videographer. 13· · · · And I also want to say hello, please, to 13· · · · · · · · · · · ·HO WAN KWOK 14· ·pass on my greetings to the trust and Mr. Luc. 14 15· · · · MR. LUFT:· I will definitely pass those 15· ·Subscribed and sworn to 16· ·greetings along, Mr. Kwok, and I will echo your 16· ·before me this· · ·day 17· ·thanks to the Court Reporter, the videographer 17· ·of· · · · · · 2023. 18· ·and the translator, who all did a tremendous 18· ·_______________________

20· · · · THE VIDEOGRAPHER:· This marks the end of 21· ·the deposition.· We're going off the record at 21

23· · · · (Deposition continues - Next page) 23

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·2· · · · · · · · · · · ·CERTIFICATE ·2· · · · · · · · · · ·C O N T E N T S ·3 ·3· ·MR. LUFT· · · · · · · · · · · · · · · · · · · · · · ·7 ·4· ·STATE OF CONNECTICUT ) ·4· · · · · · · · · · ·E X H I B I T S ·5· · · · · · · · · · · :· ·ss ·5· · · · · · ·(Retained by the court reporter) ·6· · · · · · ·I, Angela M. Shaw-Crockett, a Certified Court ·6· ·DEPOSITION· · · · · EXHIBIT· · · · · · · · · · ·PAGE ·7· ·Exhibit 1· ·Declaration of Trust· · · · · · · · · 19 ·7· ·Reporter, Registered Merit Reporter and Notary Public within ·8· ·Exhibit 2· ·UBS Account Statement, Bravo Luck· · ·62 ·8· ·and for the States of New York, New Jersey and Connecticut, · · · · · · · · ·Ltd., Bates UBS00137

10· · · · · · ·That HO WAN KWOK, the witness whose deposition is · · ·Exhibit 3· ·Wire Transfer, 15 March 2015, Bates· ·63 11· ·hereinbefore set forth, was duly sworn by me and that such 10· · · · · · · ·UBS02746 12· ·deposition is a true record of the testimony given by such 11· ·Exhibit 4· ·Stipulated Order· · · · · · · · · · · 69 13· ·witness. 12· ·Exhibit 5· ·Video from Vice· · · · · · · · · · · ·74 14· · · · · · ·I further certify that I am not related to any of 13· ·Exhibit 6· ·Video· · · · · · · · · · · · · · · · ·76 15· ·the parties to this action by blood or marriage and that I 14· ·Exhibit 7· ·Video· · · · · · · · · · · · · · · · ·77 16· ·am in no way interested in the outcome of this matter. 15· ·Exhibit 8· ·Video· · · · · · · · · · · · · · · · ·80 17· · · · · · ·In witness whereof, I have hereunto set my hand 16· ·Exhibit 9· ·Tweet, dated May 10, 2017· · · · · · ·82 18· ·this 2nd day of March, 2023. 17· ·Exhibit 10· Declaration of Trust and Agreement· · 97

20· · · · · · ·---------------------------------------- 19 · · · · · · · ·ANGELA M. SHAW-CROCKETT, CCR, CRR, RMR, CSR 20 21· · · · · · ·LICENSE NO. XI00218400 21

·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 ___________________________

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