Guo Wengui / Miles Guo — bankruptcy case · ORDER · ECF #2551-1

## **EXHIBIT 1**

## TRANSCRIPT OF

| #1453 | MOTION FOR ORDER TO SHOW CAUSE WHY DEBTOR, MEI GUO | |-------|-----------------------------------------------------| | | and HK(USA) SHOULD NOT BE HELD IN CONTEMPT OF | | | COURT FOR FAITURE TO COMPLY MITH ORDER COMBETITING | | | COMPLIANCE WITH RULE 2004 SUBPOENAS AND | | | SANCTIONS FOR SUCH CONTEMPT | | #1649 | MOTION FOR A LIMITED STAY OF ORDER GRANTING IN PART | | | MOTION TO COMPEL COMPLIANCE WITH RULE 2004 SUBPOENA |

- # 227 MOTION TO STAY PENDING APPEAL - # STATUS CONFERENCE

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Case 22-50073 Doc 2551-1 Filed 02/05/24 Entered 02/05/24 10:27:26 Page 5 of 7

| | Ho Wan Kwok - June 13, 2023<br>35 | |-----|--------------------------------------------------------------| | 1 | THE COURT: How is that relevant to your stay | | 2 | pending appeal? The questions were all about what's the | | 3 | harm. He told you what his harm is. | | 4 | You may disagree with his harm. But that -- how | | 5 | is it relevant to your getting a stay pending appeal? | | రు | MR. MORIARTY: If there's other assets that can be | | 7 | used, Your Honor, then there's no harm. His harm is I don't | | ರಿ | have the ability to pay -- | | 9 | Well, you --<br>THE COURT: | | 10 | MR. MORIARTY: -- which -- | | 11 | THE COURT: The other assets that you're talking | | 12 | about, including the Lady May, you've already -- that's on | | 13 | appeal too, isn't it? | | 1 4 | MR. MORIARTY: It is on appeal. | | 15 | THE COURT: Yeah. So then your argument doesn't | | 16 | really make sense, because then you're going to make the | | 17 | same arqument when you come to the Lady May. | | 18 | MR. MORIARTY: Well, Your Honor, I don't know that | | 1 9 | I could make the same argument continuously, because at some | | 20 | point in time it becomes self-defeating. But for now, it's | | 21 | not. But I will move on. Okay. | | 22 | BY MR. MORIARTY: | | 23 | So, Attorney Despins, the professionals that you<br>റ്റു | | 24 | haven't hired yet, those would be, for example, accountants, | | 25 | right? | | | |

| | Case 22-50073 Doc 2551-1 Filed 02/05/24 Entered 02/05/24 10:27:26<br>Page 6 of 7 | | | | | | |--------------------------------------------------------------|-------------------------------------------------------------------------------------------|--|--|--|--|--| | | Ho Wan Kwok - June 13, 2023<br>36 | | | | | | | ದ | Yeah. AlixPartners is something like that. | | | | | | | റ്റു | Okay. So has any professional that you have inquired | | | | | | | about to engage for the estate refused an engagement because | | | | | | | | there's no cash immediately available to pay them? | | | | | | | | A | Yes . | | | | | | | റ | Who is that?<br>Okay . | | | | | | | A | AlixPartners. | | | | | | | റ | Okay.<br>Anybody else? | | | | | | | A | No. I have not had the discussion with anybody else. | | | | | | | റ്റ | So was Alix -- what were you -- well, withdraw that. | | | | | | | Is AlixPartners the only professional firm that you ve | | | | | | | | spoken to about engagement for asset tracing? | | | | | | | | A | To date, yes. | | | | | | | இ | Okay. So no other firm has -- no other firm related to | | | | | | | | asset tracing or accounting-type work has refused to perform | | | | | | | services because there's no cash immediately available in | | | | | | | | estate?<br>the | | | | | | | | A | Well, I have not talked to any other firms, so -- | | | | | | | Q | Okay. And you testified that information gets stale. | | | | | | | | Do you recall that testimony? | | | | | | | A | Correct. | | | | | | | o | Okay. But you've only spoken to one firm about taking | | | | | | | | on the type of engagement where they would be tracing funds. | | | | | | | । | that correct? | | | | | | | A | Yes . | | | | | | | | | | | | | |

| Case 22-50073 | Doc 2551-1 | Filed 02/05/24 | Entered 02/05/24 10:27:26 | Page 7 of 7 | | | | |---------------|------------|----------------|---------------------------|-------------|--|--|--| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |