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

## **Exhibit 47**

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| 1 | Page 1 | |----|----------------------------------------------------------------------------------------------------------------------| | | 2· ·UNITED STATES BANKRUPTCY COURT | | | 3· ·DISTRICT OF CONNECTICUT | | | 4· ·BRIDGEPORT DIVISION | | | 5· ·---------------------------------------X | | | 6· ·In Re: | | | · · · · · · · · · · · · · · · · · · · · · · · · · Chapter 11<br>7· · · · · · ·HO WAN KWOK,· · · · · · · · · Case No. | | | · · · · · · · · · · · · · · · · · · · · · · · · · 22-50073 (JAM)<br>8· · · · · · · · · · · ·Debtor. | | | 9· ·---------------------------------------X | | 10 | | | | 11· · · ·REMOTE VIDEOTAPED DEPOSITION OF HO WAN KWOK | | | 12· · · · · · · · ·Thursday, March 2, 2023 | | 13 | | | 14 | | | 15 | | | | 16· ·Reported by: | | | 17· ·Angela M. Shaw-Crockett, CCR, CRR, RMR, CSR | | | 18· ·Job 222883 | | 19 | | | 20 | | | 21 | | | | · · ·22 | | 23 | | | 24 | | | 25 | | | | |

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| | Page 2 | | Page 3 | |----|--------------------------------------------------------|----|---------------------------------------------------------------| | 1 | | | ·1· · · · · · · · · · · · ·H. Kwok | | 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<br>· · · · · · Attorneys for TRUSTEE | | | 4· · · · · · · · · ·10:28 a.m. | | ·4· · · · · 200 Park Avenue | | 5 | | | · · · · · · New York, New York· 10166 | | | | ·5 | | | | 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 | | 11 | | | ·9· · · · · MEI GUO | | 12 | | | · · · · · · One Boland Drive | | 13 | | | 10· · · · · West Orange, New Jersey 07052 | | 14 | | 12 | 11· ·BY:· ·PATRICIA BERGAMASCO, ESQ. | | | | | 13· ·ZEISLER & ZEISLER P.C. | | 15 | | | · · · · · · Attorneys for HK INTERNATIONAL | | 16 | | | 14· · · · · MEI GUO | | 17 | | | · · · · · · 10 Middle Street | | 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· · · · · · **· · · · · · · **· · · · · · · ·** | | 24 | | 24 | | | 25 | | 25 | | | | Page 4 | | Page 5 | | | ·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 |

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| Page 6 | Page 7 | |--------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------| | ·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 | | | | | Page 8 | Page 9 | | ·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.<br>25· · · · · · ·THE VIDEOGRAPHER:· We're going off the | 24· ·Zeisler & Zeisler regarding the translation<br>25· ·while the deposition is ongoing.· The debtor's |

TSG Reporting - Worldwide· · 877-702-9580

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<span id="page-4-0"></span>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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| Page 14<br>·1· · · · · · · · · · · · ·H. Kwok | | Page 15<br>·1· · · · · · · · · · · · ·H. Kwok | |-----------------------------------------------------------|----|-----------------------------------------------------------| | ·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. | | 25· ·okay? | 25 | | | Page 16 | | Page 17 | | ·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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| Page 18<br>·1· · · · · · · · · · · · ·H. Kwok | Page 19<br>·1· · · · · · · · · · · · ·H. Kwok | |-----------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------| | ·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 | | | | | | | | Page 20 | Page 21 | | ·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<br>25· ·of Hong Kong International and its assets, including | 24· · · · A.· ·The Fifth.<br>25· · · · Q.· ·Mr. Kwok, at all times, you have had |

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| Page 22<br>·1· · · · · · · · · · · · ·H. Kwok | Page 23<br>·1· · · · · · · · · · · · ·H. Kwok | |-----------------------------------------------------------|-----------------------------------------------------------| | ·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. | | | | | Page 24 | Page 25 | | ·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? |

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<span id="page-8-0"></span>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

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| Page 30 | Page 31 | |--------------------------------------------------------------------------------|----------------------------------------------------------------------------------------| | ·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? | | | | | | | | Page 32 | Page 33 | | ·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<br>25· ·behalf, correct? | 24· · · · A.· ·The Fifth.<br>25· · · · Q.· ·Mr. Kwok, you know the current location of |

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| Page 38 | Page 39 | |-----------------------------------------------------------|-----------------------------------------------------------| | ·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? | | | | | Page 40 | Page 41 | | ·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. |

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| Page 42 | Page 43 | |------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------| | ·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 | | | | | | | | Page 44 | Page 45 | | ·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?<br>25· · · · · · ·MR. ROMNEY:· Object to the form. | 24· ·the Lady May for the February 7, 2022, evidentiary<br>25· ·hearing before Justice Ostrager, correct? |

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| Page 46 | | Page 47 | |-----------------------------------------------------------|----|-----------------------------------------------------------| | ·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 | | | Page 48 | | Page 49 | | | | | | ·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 |

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| Page 50<br>·1· · · · · · · · · · · · ·H. Kwok | | Page 51<br>·1· · · · · · · · · · · · ·H. Kwok | |-----------------------------------------------------------|----|-----------------------------------------------------------| | ·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 | | ·8· ·BY MR. LUFT: | | ·8· · · · Reporter.) | | ·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 | | | | | | | | | | | Page 52 | | Page 53 | | ·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? |

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| Page 54 | Page 55 | |----------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------| | ·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 | | | | | Page 56 | Page 57 | | ·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<br>25· ·Kong International belonged to you, correct? | 24· ·been marked as Exhibit 1, identified Ms. Qu as the<br>25· ·trustee and you as the beneficiary, correct? |

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| Page 58<br>·1· · · · · · · · · · · · ·H. Kwok | Page 59<br>·1· · · · · · · · · · · · ·H. Kwok | |-----------------------------------------------------------------------------|----------------------------------------------------------------------| | ·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, | | Page 60 | Page 61 | | | | | ·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?<br>25· · · · · · ·MR. ROMNEY:· Object to the form. | 24· · · · up.<br>25· · · · · · ·(Kwok PJR Exhibit 2 was received and |

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| Page 62<br>·1· · · · · · · · · · · · ·H. Kwok | | Page 63<br>·1· · · · · · · · · · · · ·H. Kwok | |------------------------------------------------------------------------------------------------------------------|----------|-----------------------------------------------------------| | ·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 | | | | | | | | | | Page 64 | | Page 65 | | ·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 | | ·9· · · · that. | | ·9· ·taken.) | | 10· · · · · · ·MR. ROMNEY:· Okay.· Thank you. | | 10· · · · (At 2:00 p.m. the deposition resumes.) | | 11· ·BY MR. LUFT: | 11 | | | 12· · · · Q.· ·Mr. Kwok, you had exclusive control over | 12 | | | 13· ·the UBS bank account that we have been discussing, | 13 | | | 14· ·correct? | 14 | | | 15· · · · A.· ·The Fifth. | 15 | | | 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 | | | | | | | 19· ·correct? | 19 | | | 20· · · · A.· ·The Fifth. | 20 | | | 21· · · · · · ·MR. LUFT:· Aaron, it is 1:22.· Do you guys | 21 | | | 22· · · · want to take a lunch break?· Do you want to | 22 | | | 23· · · · keep going? | 23 | | | 24· · · · · · ·I'm also conscious of the court reporter<br>25· · · · and the videographer -- and the translator. | 24<br>25 | |

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<span id="page-18-0"></span>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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| Page 70 | Page 71 | |--------------------------------------------------------------------------------|------------------------------------------------------------------------------| | ·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? | | | | | Page 72 | Page 73 | | ·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?<br>25· · · · A.· ·The Fifth. | 24· · · · · · ·MR. ROMNEY:· Object to the form.<br>25· · · · A.· ·The Fifth. |

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| Page 74<br>·1· · · · · · · · · · · · ·H. Kwok | Page 75<br>·1· · · · · · · · · · · · ·H. Kwok | |------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------| | ·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? | | | | | Page 76 | Page 77 | | ·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?<br>18· · · · A.· ·The Fifth. | 17· · · · A.· ·The Fifth.<br>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<br>25· ·speaking on the deck of the Lady May in November of | 24· · · · A.· ·The Fifth.<br>25· · · · Q.· ·Mr. Kwok, the Lady May has been in the |

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| Page 78 | Page 79 | |-----------------------------------------------------------|-----------------------------------------------------------| | ·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 | | | | | | | | Page 80<br>·1· · · · · · · · · · · · ·H. Kwok | Page 81<br>·1· · · · · · · · · · · · ·H. Kwok | | ·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.) |

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| Page 82<br>·1· · · · · · · · · · · · ·H. Kwok | Page 83<br>·1· · · · · · · · · · · · ·H. Kwok | |-----------------------------------------------------------|-----------------------------------------------------------| | ·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. | | | | | Page 84 | Page 85 | | ·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? |

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| Page 86 | Page 87 | |-----------------------------------------------------------|-----------------------------------------------------------| | ·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 | | Page 88 | Page 89 | | ·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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| Page 90 | Page 91 | |-----------------------------------------------------------|-----------------------------------------------------------| | ·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 | | | | | | | | Page 92 | Page 93 | | ·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. |

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| Page 94<br>·1· · · · · · · · · · · · ·H. Kwok | | Page 95<br>·1· · · · · · · · · · · · ·H. Kwok | |-----------------------------------------------------------------------------------------------------------------------|--|-------------------------------------------------------------------------------| | ·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 | | | | | | Page 96 | | Page 97 | | | | | | ·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<br>25· · · · put up a document titled "Declaration of Trust | | 24· · · · Ms. Guo.<br>25· · · · · · ·MR. LUFT:· Well, the entity that entered |

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| | Page 98 | | Page 99 | |----|-----------------------------------------------------------|----|-----------------------------------------------------------| | | ·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. | | | Page 100 | | Page 101 | | | ·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· ·_______________________ | | | 19· ·job today.· Thank you. | 19 | | | | | 20 | | | | 20· · · · THE VIDEOGRAPHER:· This marks the end of | | | | | 21· ·the deposition.· We're going off the record at | 21 | | | | 22· ·3:59 p.m. | 22 | | | | 23· · · · (Deposition continues - Next page) | 23 | | | 24 | | 24 | | | 25 | | 25 | |

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| | Page 102 | | | | Page 103 | |----------|---------------------------------------------------------------------------------------------------------------------|----------|---------------------------|------------------------------------------------------------------------------------------------------------------------|----------| | ·1 | | ·1 | | | | | | ·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<br>·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 | | | | ·9· ·do hereby certify: | ·9 | | | | | | 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 | | | 19 | | 18 | | | | | | 20· · · · · · ·---------------------------------------- | 19 | | | | | | · · · · · · · ·ANGELA M. SHAW-CROCKETT, CCR, CRR, RMR, CSR | 20 | | | | | | 21· · · · · · ·LICENSE NO. XI00218400 | 21 | | | | | 22<br>23 | | 22 | | | | | 24 | | 23 | | | | | 25 | | 24<br>25 | | | | | | | | | | | | ·1 | Page 104 | | | | | | | ·2· ·NAME OF CASE:· In Re: Ho Wan Kwok | | | | | | | ·3· ·DATE OF DEPOSITION:· March 2, 2023 | | | | | | | ·4· ·NAME OF WITNESS:· Ho Wan Kwok<br>·5· ·Reason Codes: | | | | | | | ·6· · · 1.· To clarify the record. | | | | | | | · · · · 2.· To conform to the facts.<br>·7· · · 3.· To correct transcription errors. | | | | | | | ·8· ·Page _______ Line ________ Reason _________ | | | | | | | · · ·From ______________________ to ___________________________ | | | | | | ·9 | 10· ·Page _______ Line ________ Reason _________ | | | | | | | · · ·From ______________________ to ___________________________ | | | | | | 11 | | | | | | | | 12· ·Page _______ Line ________ Reason _________<br>· · ·From ______________________ to ___________________________ | | | | | | 13 | | | | | | | | 14· ·Page _______ Line ________ Reason _________<br>· · ·From ______________________ to ___________________________ | | | | | | 15 | | | | | | | | 16· ·Page _______ Line ________ Reason _________ | | | | | | 17 | · · ·From ______________________ to ___________________________ | | | | | | | 18· ·Page _______ Line ________ Reason _________ | | | | | | | · · ·From ______________________ to ___________________________ | | | | | | 19 | 20· ·Page _______ Line ________ Reason _________ | | | | | | | · · ·From ______________________ to ___________________________ | | | | | | 21 | | | | | | | | 22· ·Page _______ Line ________ Reason _________<br>· · ·From ______________________ to ___________________________ | | | | | | 23 | | | | | | | | 24· · · · · · · · · · · ·__________________________________<br>· · · · · · · · · · · · ·HO WAN KWOK | | | | | | 25 | | | | | | | | | | | | |

TSG Reporting - Worldwide· · 877-702-9580