Guo Wengui / Miles Guo — bankruptcy case · ECF #4328

METADATA

Defendant: Guo Wengui / Miles Guo / Ho Wan Kwok
Court: CTB
Case No.: 22-50073
ECF #: 4328
Type: UNKNOWN
Filed: 2025-04-21

FULL TEXT

| | UNITED STATES BANKRUPTCY COURT | | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------|-------------------------------------------------------------------------------------------------------------------------| | | CONNECTICUT | | | | DISTRICT OF | | | | BRIDGEPORT DIVISION | | | In Re. Ho Wan Kwok | § § | Case No. 22-50073 | | Debtor(s) | § § | Lead Case No. 22-50073 | | | | Jointly Administered | | Monthly Operating Report | | Chapter 11 | | Reporting Period Ended: 03/31/2025 | | Petition Date: 02/15/2022 | | Months Pending: 38 | | Industry Classification: 0 0 0 0 | | Reporting Method: | Accrual Basis | Cash Basis | | Debtor's Full-Time Employees (current): | | 0 | | Debtor's Full-Time Employees (as of date of order for relief): | | 0 | | Supporting Documentation (check all that are attached): | | (For jointly administered debtors, any required schedules must be provided on a non-consolidated basis for each debtor) | | Statement of cash receipts and disbursements Statement of operations (profit or loss statement) Accounts receivable aging Postpetition liabilities aging Statement of capital assets | | Balance sheet containing the summary and detail of the assets, liabilities and equity (net worth) or deficit | | | | |

- Schedule of payments to professionals - Schedule of payments to insiders - All bank statements and bank reconciliations for the reporting period - Description of the assets sold or transferred and the terms of the sale or transfer

/s/ Luc A. Despins

04/21/2025

Date

Signature of Responsible Party Printed Name of Responsible Party Address Luc A. Despins, in his capacity as Chapter 11 Trustee Paul Hastings LLP 200 Park Avenue New York, NY 10166

STATEMENT: This Periodic Report is associated with an open bankruptcy case; therefore, Paperwork Reduction Act exemption 5 C.F.R. § 1320.4(a)(2) applies.

UST Form 11-MOR (12/01/2021) 1

## Case 22-50073 Doc 4328 Filed 04/21/25 Entered 04/21/25 10:48:51 Page 2 of 24

| | Debtor's Name Ho Wan Kwok | Case No. 22-50073 | | | | |----|-----------------------------------------------------------------------------------------------------------|-------------------|---------------|--|--| | | Part 1: Cash Receipts and Disbursements | Current Month | Cumulative | | | | a. | Cash balance beginning of month | \$74,574,680 | | | | | b. | Total receipts (net of transfers between accounts) | \$251,060 | \$130,261,027 | | | | c. | Total disbursements (net of transfers between accounts) | \$4,831,199 | \$57,778,186 | | | | d. | Cash balance end of month (a+b-c) | \$69,994,541 | | | | | e. | Disbursements made by third party for the benefit of the estate | \$0 | \$12,757 | | | | f. | Total disbursements for quarterly fee calculation (c+e) | \$4,831,199 | \$57,790,943 | | | | | Part 2: Asset and Liability Status (Not generally applicable to Individual Debtors. See Instructions.) | Current Month | | | | | a. | Accounts receivable (total net of allowance) | \$0 | | | | | b. | Accounts receivable over 90 days outstanding (net of allowance) | \$0 | | | | | c. | Inventory (Book Market Other (attach explanation)) | \$0 | | | | | d | Total current assets | \$0 | | | | | e. | Total assets | \$0 | | | | | f. | Postpetition payables (excluding taxes) | \$0 | | | | | g. | Postpetition payables past due (excluding taxes) | \$0 | | | | | h. | Postpetition taxes payable | \$0 | | | | | i. | Postpetition taxes past due | \$0 | | | | | j. | Total postpetition debt (f+h) | \$0 | | | | | k. | Prepetition secured debt | \$0 | | | | | l. | Prepetition priority debt | \$0 | | | | | m. | Prepetition unsecured debt | \$0 | | | | | n. | Total liabilities (debt) (j+k+l+m) | \$0 | | | | | o. | Ending equity/net worth (e-n) | \$0 | | | | | | Part 3: Assets Sold or Transferred | Current Month | Cumulative | | | | a. | Total cash sales price for assets sold/transferred outside the ordinary | | | | | | | course of business Total payments to third parties incident to assets being sold/transferred | \$0 | \$26,236,348 | | | | b. | outside the ordinary course of business | \$0 | \$1,160,344 | | | | c. | Net cash proceeds from assets sold/transferred outside the ordinary course of business (a-b) | \$0 | \$25,076,004 | | | | | Part 4: Income Statement (Statement of Operations) | Current Month | Cumulative | | | | | (Not generally applicable to Individual Debtors. See Instructions.) | | | | | | a. | Gross income/sales (net of returns and allowances) | \$0 | | | | | b. | Cost of goods sold (inclusive of depreciation, if applicable) | \$0 | | | |

c. Gross profit (a-b) \$0 d. Selling expenses \$0 e. General and administrative expenses \$0 f. Other expenses \$0 g. Depreciation and/or amortization (not included in 4b) \$0 h. Interest \$0 i. Taxes (local, state, and federal) \$0 j. Reorganization items \$0 k. Profit (loss) \$0 \$0

## Case 22-50073 Doc 4328 Filed 04/21/25 Entered 04/21/25 10:48:51 Page 3 of 24

| | | Part 5: Professional Fees and Expenses | | | | | | |----|--------|--------------------------------------------------------------------|---------------|---------------------------|------------------------|-----------------------|--------------------| | | | | | Approved Current Month | Approved Cumulative | Paid Current Month | Paid Cumulative | | a. | | Debtor's professional fees & expenses (bankruptcy) Aggregate Total | | \$4,738,128 | \$52,435,137 | \$4,738,128 | \$52,435,137 | | | | Itemized Breakdown by Firm | | | | | | | | | Firm Name | Role | | | | | | | i | Neubert, Pepe & Monteith, P.C Local Counsel | | \$0 | \$4,796,467 | \$0 | \$4,796,467 | | | ii | Paul Hastings LLP (counsel to cLead Counsel | | \$4,494,963 | \$40,049,081 | \$4,494,963 | \$40,049,081 | | | iii | Brown Rudnick (counsel to Ho Lead Counsel | | \$0 | \$0 | \$0 | \$0 | | | iv | Pullman & Comley, LLC (coun Lead Counsel | | \$0 | \$795,395 | \$0 | \$795,395 | | | v | Coleman Worldwide Advisors LOther | | \$0 | \$0 | \$0 | \$0 | | | vi | Dundon Advisors (UCC financi Financial Professional | | \$0 | \$0 | \$0 | \$0 | | | vii | Verdolino & Lowey, PC (financFinancial Professional | | \$0 | \$0 | \$0 | \$0 | | | viii | Harney Westwood & Riegels LPOther | | \$0 | \$1,341,940 | \$0 | \$1,341,940 | | | ix | Paul Wright | Other | \$0 | \$0 | \$0 | \$0 | | | x | Pallas Partners LLP | Other | \$0 | \$478,916 | \$0 | \$478,916 | | | xi | Edmiston and Company LimitedOther | | \$0 | \$1,176,250 | \$0 | \$1,176,250 | | | xii | Engineering Operations and CerOther | | \$0 | \$0 | \$0 | \$0 | | | xiii | Epiq Corporate Restructuring, LOther | | \$0 | \$306,099 | \$0 | \$306,099 | | | xiv | Kroll LLC | Other | \$0 | \$2,577,861 | \$0 | \$2,577,861 | | | xv | Prager Dreifuss AG | Local Counsel | \$168,299 | \$599,943 | \$168,299 | \$599,943 | | | xvi | Eisner Advisory Group LLC | Other | \$0 | \$147,344 | \$0 | \$147,344 | | | xvii | Winne, Banta, Basralian & Kah Local Counsel | | \$0 | \$8,811 | \$0 | \$8,811 | | | xviii | Sage-Popovich, Inc. | Other | \$0 | \$15,000 | \$0 | \$15,000 | | | xix | Chryssafinis & Polyviou LLC | Other | \$0 | \$67,166 | \$0 | \$67,166 | | | xx | Kobre & Kim (GCC) LLP | Other | \$74,867 | \$74,867 | \$74,867 | \$74,867 | | | xxi | | | | | | | | | xxii | | | | | | | | | xxiii | | | | | | | | | xxiv | | | | | | | | | xxv | | | | | | | | | xxvi | | | | | | | | | xxvii | | | | | | | | | xxviii | | | | | | | | | xxix | | | | | | | | | xxx | | | | | | | | | xxxi | | | | | | | | | xxxii | | | | | | | | | xxxiii | | | | | | | | | xxxiv | | | | | | | | | xxxv | | | | | | | | | xxxvi | | | | | | |

| | xxxvii | | | | |---|--------|--|--|--| | | xxxvii | | | | | | xxxix | | | | | | xl | | | | | | xli | | | | | | xlii | | | | | | xliii | | | | | | xliv | | | | | | xlv | | | | | | xlvi | | | | | | xlvii | | | | | | xlviii | | | | | | xlix | | | | | l | | | | | | | li | | | | | | lii | | | | | | liii | | | | | | liv | | | | | | lv | | | | | | lvi | | | | | | lvii | | | | | | lviii | | | | | | lix | | | | | | lx | | | | | | lxi | | | | | | lxii | | | | | | lxiii | | | | | | lxiv | | | | | | lxv | | | | | | lxvi | | | | | | lxvii | | | | | | lxviii | | | | | | lxix | | | | | | lxx | | | | | | lxxi | | | | | | lxxii | | | | | | lxxiii | | | | | | lxxiv | | | | | | lxxv | | | | | | lxxvi | | | | | | lxxvii | | | | | | lxxvii | | | |

| | lxxix | | | | | | | |----|--------|-----------------------------------------------------------------------|-------|---------------|------------|--------------|------------| | | lxxx | | | | | | | | | lxxxi | | | | | | | | | lxxxii | | | | | | | | | lxxxii | | | | | | | | | lxxxiv | | | | | | | | | lxxxv | | | | | | | | | lxxxvi | | | | | | | | | lxxxvi | | | | | | | | | lxxxvi | | | | | | | | | lxxxix | | | | | | | | | xc | | | | | | | | | xci | | | | | | | | | xcii | | | | | | | | | xciii | | | | | | | | | xciv | | | | | | | | | xcv | | | | | | | | | xcvi | | | | | | | | | xcvii | | | | | | | | | xcviii | | | | | | | | | xcix | | | | | | | | | c | | | | | | | | | ci | | | | | | | | | | | | Approved | Approved | Paid Current | Paid | | | | | | Current Month | Cumulative | Month | Cumulative | | b. | | Debtor's professional fees & expenses (nonbankruptcy) Aggregate Total | | \$0 | \$0 | \$0 | \$0 | | | | Itemized Breakdown by Firm | | | | | | | | | Firm Name | Role | | | | | | | i | Baker Hostetler LLP | Other | \$0 | \$0 | \$0 | \$0 | | | ii | Clayman & Rosenberg LLP | Other | \$0 | \$0 | \$0 | \$0 | | | iii | Ganfer Shore Leeds & ZaudererOther | | \$0 | \$0 | \$0 | \$0 | | | iv | Harcus Parker Ltd. | Other | \$0 | \$0 | \$0 | \$0 | | | v | LALIVE SA | Other | \$0 | \$0 | \$0 | \$0 | | | vi | Lawall & Mitchell, LLC | Other | \$0 | \$0 | \$0 | \$0 | | | vii | Petrillo Klein & Boxer LLP | Other | \$0 | \$0 | \$0 | \$0 | | | viii | Schulman Bhattacharya, LLC | Other | \$0 | \$0 | \$0 | \$0 | | | ix | The Casper Firm | Other | \$0 | \$0 | \$0 | \$0 | | | x | The Francis Firm PLLC | Other | \$0 | \$0 | \$0 | \$0 | | | xi | VX Cerda & Associates | Other | \$0 | \$0 | \$0 | \$0 | | | xii | | | | | | | | | xiii | | | | | | | | | xiv | | | | | | |

| xv | | | | |--------|--|--|--| | xvi | | | | | xvii | | | | | xviii | | | | | xix | | | | | xx | | | | | xxi | | | | | xxii | | | | | xxiii | | | | | xxiv | | | | | xxv | | | | | xxvi | | | | | xxvii | | | | | xxviii | | | | | xxix | | | | | xxx | | | | | xxxi | | | | | xxxii | | | | | xxxiii | | | | | xxxiv | | | | | xxxv | | | | | xxxvi | | | | | xxxvii | | | | | xxxvii | | | | | xxxix | | | | | xl | | | | | xli | | | | | xlii | | | | | xliii | | | | | xliv | | | | | xlv | | | | | xlvi | | | | | xlvii | | | | | xlviii | | | | | xlix | | | | | l | | | | | li | | | | | lii | | | | | liii | | | | | liv | | | | | lv | | | | | lvi | | | |

| lvii | | | | |--------|--|--|--| | lviii | | | | | lix | | | | | lx | | | | | lxi | | | | | lxii | | | | | lxiii | | | | | lxiv | | | | | lxv | | | | | lxvi | | | | | lxvii | | | | | lxviii | | | | | lxix | | | | | lxx | | | | | lxxi | | | | | lxxii | | | | | lxxiii | | | | | lxxiv | | | | | lxxv | | | | | lxxvi | | | | | lxxvii | | | | | lxxvii | | | | | lxxix | | | | | lxxx | | | | | lxxxi | | | | | lxxxii | | | | | lxxxii | | | | | lxxxiv | | | | | lxxxv | | | | | lxxxvi | | | | | lxxxvi | | | | | lxxxvi | | | | | lxxxix | | | | | xc | | | | | xci | | | | | xcii | | | | | xciii | | | | | xciv | | | | | xcv | | | | | xcvi | | | | | xcvii | | | | | xcviii | | | | | | | | |

## Case 22-50073 Doc 4328 Filed 04/21/25 Entered 04/21/25 10:48:51 Page 8 of 24

| | xcix | | | | | |----|------|----------------------------------------------------------|--|--|--| | | c | | | | | | c. | | All professional fees and expenses (debtor & committees) | | | |

| | Part 6: Postpetition Taxes | | Current Month | Cumulative | |----|----------------------------------------------------------------------------------------------------------------------|-----|---------------|---------------------------| | a. | Postpetition income taxes accrued (local, state, and federal) | | \$0 | \$0 | | b. | Postpetition income taxes paid (local, state, and federal) | | \$0 | \$0 | | c. | Postpetition employer payroll taxes accrued | | \$0 | \$0 | | d. | Postpetition employer payroll taxes paid | | \$0 | \$0 | | e. | Postpetition property taxes paid | | \$0 | \$0 | | f. | Postpetition other taxes accrued (local, state, and federal) | | \$0 | \$0 | | g. | Postpetition other taxes paid (local, state, and federal) | | \$0 | \$0 | | | Part 7: Questionnaire - During this reporting period: | | | | | a. | Were any payments made on prepetition debt? (if yes, see Instructions) | Yes | No | | | b. | Were any payments made outside the ordinary course of business without court approval? (if yes, see Instructions) | Yes | No | | | c. | Were any payments made to or on behalf of insiders? | Yes | No | | | d. | Are you current on postpetition tax return filings? | Yes | No | | | e. | Are you current on postpetition estimated tax payments? | Yes | No | | | f. | Were all trust fund taxes remitted on a current basis? | Yes | No | | | g. | Was there any postpetition borrowing, other than trade credit? (if yes, see Instructions) | Yes | No | | | h. | Were all payments made to or on behalf of professionals approved by the court? | Yes | No N/A | | | i. | Worker's compensation insurance? Do you have: | Yes | No | | | | If yes, are your premiums current? | Yes | No N/A | (if no, see Instructions) | | | Casualty/property insurance? | Yes | No | | | | If yes, are your premiums current? | Yes | No N/A | (if no, see Instructions) | | | General liability insurance? | Yes | No | | | | If yes, are your premiums current? | Yes | No N/A | (if no, see Instructions) | | j. | Has a plan of reorganization been filed with the court? | Yes | No | | | k. | Has a disclosure statement been filed with the court? | Yes | No | | | l. | Are you current with quarterly U.S. Trustee fees as set forth under 28 U.S.C. § 1930? | Yes | No | |

| | Part 8: Individual Chapter 11 Debtors (Only) | | |----|------------------------------------------------------------------------------------------------|------------------| | a. | Gross income (receipts) from salary and wages | \$0 | | b. | Gross income (receipts) from self-employment | \$0 | | c. | Gross income from all other sources | \$0 | | d. | Total income in the reporting period (a+b+c) | \$0 | | e. | Payroll deductions | \$0 | | f. | Self-employment related expenses | \$0 | | g. | Living expenses | \$0 | | h. | All other expenses | \$0 | | i. | Total expenses in the reporting period (e+f+g+h) | \$0 | | j. | Difference between total income and total expenses (d-i) | \$0 | | k. | List the total amount of all postpetition debts that are past due | \$0 | | l. | Are you required to pay any Domestic Support Obligations as defined by 11 U.S.C § 101(14A)? | Yes No | | m. | If yes, have you made all Domestic Support Obligation payments? | Yes No N/A |

#### **Privacy Act Statement**

28 U.S.C. § 589b authorizes the collection of this information, and provision of this information is mandatory under 11 U.S.C. §§ 704, 1106, and 1107. The United States Trustee will use this information to calculate statutory fee assessments under 28 U.S.C. § 1930(a)(6). The United States Trustee will also use this information to evaluate a chapter 11 debtor's progress through the bankruptcy system, including the likelihood of a plan of reorganization being confirmed and whether the case is being prosecuted in good faith. This information may be disclosed to a bankruptcy trustee or examiner when the information is needed to perform the trustee's or examiner's duties or to the appropriate federal, state, local, regulatory, tribal, or foreign law enforcement agency when the information indicates a violation or potential violation of law. Other disclosures may be made for routine purposes. For a discussion of the types of routine disclosures that may be made, you may consult the Executive Office for United States Trustee's systems of records notice, UST-001, "Bankruptcy Case Files and Associated Records." *See* 71 Fed. Reg. 59,818 et seq. (Oct. 11, 2006). A copy of the notice may be obtained at the following link: htt www.justice.gov/ust/eo/rules\_regulations/index.htm. Failure to provide this information could result in the dismissal or conversion of your bankruptcy case or other action by the United States Trustee. 11 U.S.C. § 1112(b)(4)(F).

## **I declare under penalty of perjury that the foregoing Monthly Operating Report and its supporting documentation are true and correct and that I have been authorized to sign this report on behalf of the estate.**

/s/ Luc A. Despins

Signature of Responsible Party

Chapter 11 Trustee

Title Date

Luc A. Despins, in his capacity as Chapter 11 Trustee

Printed Name of Responsible Party

04/21/2025

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PageFour

**In re** Ho Wan Kwok **Case No.** 22-50073 (JAM) **Debtor Reporting Period:** 3/1/2025 - 3/31/2025

#### **INDIVIDUAL DEBTOR CASH RECEIPTS AND CASH DISBURSEMENTS**

(This Form must be submitted for each bank account maintained by the Debtor)

Amounts reported should be per the debtor's books, not the bank statement. The beginning cash should be the ending

cash from the prior month or, if this is the first report, the amount should be the balance on the date the petition was

filed. Attach the bank statements and a detailed list of all disbursements made during the

report period that includes

the date, the check number, the payee, the transaction description, and the amount. A

bank reconciliation must

be attached for each account. [See MOR-1 (CON'T)]

| | Current Month | Cumulative July 8, 2022 to Date | |-----------------------------------------------------------------------|------------------|---------------------------------| | | Actual | Actual | | Cash - Beginning of Month | | | | RECEIPTS | | | | Recovered Funds | \$ - | \$ 23,712,225.06 | | Funds received from B. Hofmeister Assignee for benefit of creditors | \$ - | \$ 38,792,899.51 | | of HCHK pursuant to settlement order | | | | Clark Hill Settlement | \$ - | \$ 499,000.00 | | Retainer Refund (Kercsmar Collins & O'Hara / Lewis Roca) | \$ - | \$ 4,544.00 | | Yacht Repair Escrow | \$ - | \$ 4,000,000.00 | | Adversary Proceeding Interpleader Funds | \$ - | \$ 32,923,028.42 | | Refund from AIG | \$ - | \$ 71.25 | | Funds received from The Casper Firm Settlement | \$ - | \$ 48,750.00 | | Refund from Yachtzoo Yacht Management (Lady May II balance) | \$ - | \$ 255.17 | | | | | | Funds received from Axos Bank | \$ - | \$ 1,592,469.98 | | Refund of insurance premium from cancellation of protection and | \$ - | \$ 29,255.02 | | indemnity insurance upon sale of Lady May on 6/30/23 | | | | Funds received from Chiesa, Shahinian & Giantomasi PCA for sale of | \$ - | \$ 10,302,313.64 | | Bombardier jet | | | | Net proceeds of sale of shares of Victory Capital Holdings, Inc. held | \$ - | \$ 2,692,924.71 | | by Reverence Capital Partners Opportunities Fund I (Cayman) L.P. | | | | | | | | Cash dividends on account of shares of Victory Capital Holdings, Inc. | \$ - | \$ 54,858.88 | | held by Reverence Capital Partners Opportunities Fund I (Cayman) L.P. | | | | | | | | Cash distribution on account of limited partnership interest held in | \$ - | \$ 2,561,150.56 | | Reverence Capital Partners Opportunities Fund I (Cayman), L.P. | | | | | | | | Funds received for sale of Greenwich Taconic property | \$ - | \$ 6,784,668.79 | | Refund received from Pullman & Comley, LLC for overpayment of | \$ - | \$ 26,102.00 | | invoices | | | | Funds received from First Bank of Greenwich | \$ - | \$ 134,338.76 | | Refund with respect to unauthorized fraudulent disbursements | \$ - | \$ 7,240.99 | | Funds received from World Insurance Associates, LLC | \$ - | \$ 44,935.80 | | Funds received from Harneys Corporate Services' Bank | \$ - | \$ 24,715.00 | | Miscellaneous receipts | \$ - | \$ 70,000.00 | | Refund from Eversource Energy with respect to overpayment | \$ 346.56 | \$ 346.56 | | Bank Account Interest | \$ 250,713.35 | \$ 5,954,933.31 | | Total Receipts | \$ 251,059.91 | \$ 130,261,027.41 | | DISBURSEMENTS | | | | ORDINARY ITEMS: | | | | Bank Fees | \$ 6,246.53 | \$ 139,974.22 | | Fees paid to International Surety Ltd for surety bond renewal | \$ - | \$ 268,747.00 | | premium | | | | Fees paid with respect to Yacht repair invoices out of the Yacht | \$ - | \$ 576,895.09 | | Repair Escrow | | | | Fees paid with respect to Miller Advertising Agency Inc. (English | \$ - | \$ 21,140.60 | | Court Publication Notice) | | | | Fees paid with respect to Dexter White Invoice | \$ - | \$ 16,235.00 | | Fees paid with respect to Bridgeport Harbor Marina out of the Yacht | \$ - | \$ 18,137.64 | | Repair Escrow | | | | Fees paid with respect to Safe Harbor out of the Yacht Repair | \$ - | | | Escrow | | \$ 148,287.04 | | Fees paid with respect to Yachtzoo for operating expenses out of the | \$ - | \$ 431,604.00 | | Yacht Repair Escrow | | | | | | |

| In re Ho Wan Kwok | Case No. | 22-50073 (JAM) | | |---------------------------------------------------------------------------------------------------|-------------------|----------------------|------------| | Debtor | Reporting Period: | 3/1/2025 - 3/31/2025 | | | Fees paid with respect to Harneys Corporate Services Limited | \$ - | \$ | 1,665.00 | | Disbursement paid to JP Reynolds Company Inc. (for customs duty | \$ - | \$ | 14,965.35 | | and customs bond premium) Disbursement paid to James Pizzaruso for pay roll in connection with | \$ - | \$ | 31,026.98 | | sale of Lady May | | | | | Disbursement paid to B. Hofmeister Assignee for Benefit of Creditors | \$ - | \$ | 76,150.88 | | of HCHK (for HCHK admin matters and employee payments) | | | | | | | | | | Disbursement paid to RKH IT Solutions (IT Consultant for HCHK | \$ - | \$ | 17,794.73 | | Assignee) | | | | | Fees paid to SHM Newport Shipyard LLC (for Lady May II | \$ - | \$ | 16,384.10 | | winterization and dockage fees) | | | | | Disbursement paid to R.I. Martine Survey (for Lady May II appraisal) | \$ - | \$ | 700.00 | | | | | | | Disbursement paid to Brosnan Risk Consultants LTD (for security | \$ - | \$ | 57,246.47 | | services for HCHK Assignee) Disbursement paid to ARD Facilities Management Group LLC (for | \$ - | \$ | 256,830.00 | | moving and storage services for HCHK, Golden Spring and Greenwich, | | | | | CT residence) | | | | | Disbursement paid to FDS46 Crew Series LLC (Lady May II captain | \$ - | \$ | 2,130.00 | | salary) | | | | | Disbursement paid to B. Hofmeister Assignee for Benefit of Creditors | \$ - | \$ | 550,000.00 | | of HCHK (for settlement payment) | | | | | Disbursement paid to Cole Schotz, counsel to Brian W. Hofmeister, | \$ - | \$ | 766,758.37 | | Assignee of HCHK Entities (for preparation and prosecution of the | | | | | assignment proceedings per settlement order) | | | | | Disbursement paid to A. Atkins Appraisal Corp., appraiser to Brian | \$ - | \$ | 7,800.00 | | W. Hofmeister, Assignee of HCHK Entities (for appraisal fees per | | | | | settlement order) | | | | | Disbursement paid to McManimon, Scotland & Baumann, LLC, MSB | \$ - | \$ | 75,000.00 | | counsel to Brian. W. Hofmeister, Assignee of HCHK Entities (for fees | | | | | and expenses per settlement order) | | | | | Disbursement paid to DLA, LLC, financial advisor to Brian. W. | \$ - | \$ | 155,000.00 | | Hofmeister, Assignee of HCHK Entities (for fees per settlement order) | | | | | Disbursement paid to Prager Dreifuss AG (for advance on Swiss | \$ - | \$ | 5,835.49 | | court fees) | | | | | Disbursement paid to Hawk Eye Security LLC (for security services | \$ 78,130.46 | \$ | 525,219.33 | | at Mahwah Mansion) | | | | | Disbursement paid to A&A Home Services LLC (for repairs to the | \$ - | \$ | 17,800.00 | | 373 Taconic property) | | | | | Disbursement paid to Next Frontier Advisors (for deposit for virtual | \$ - | \$ | 11,000.00 | | staging at the 373 Taconic property) | | | | | Disbursement paid to Knight Security Systems (for security system | \$ - | \$ | 1,710.50 | | installation at the 373 Taconic property) | | | | | Disbursement paid to Slocum's Lock & Key LLC (for updating keys | \$ - | \$ | 1,932.91 | | and replacing deadbolt at the 373 Taconic property) | | | | | Disbursement paid to CT Fence and Landscaping, LLC (for servicing | \$ - | \$ | 1,277.56 | | the gate at the 373 Taconic property) | | | | | Disbursement paid to Township of Mahwah, NJ (for 675 Ramapo | \$ - | \$ | 141,930.59 | | Valley Road real property taxes) Disbursement paid to Township of Mahwah, NJ (for 675 Ramapo | \$ 258.30 | \$ | 763.56 | | Valley Road sewer and water) | | | | | Disbursement paid to Township of Mahwah, NJ (for 675 Ramapo | \$ - | \$ | 69,661.95 | | Valley Road taxes) | | | | | Disbursement paid to World Insurance Associates LLC (for the 373 | \$ - | \$ | 75,139.60 | | Taconic property) | | | | | Disbursement paid to Tax Collector - Town of Greenwich (for the | \$ - | \$ | 27,847.85 | | 373 Taconic property real estate tax bill) | | | | | Disbursement paid to Rockland Electric (for electric company | \$ 5,286.48 | \$ | 34,819.73 | | invoices at 675 Ramapo Valley Road house and gate house ) | | | | | Disbursement paid to City of Stamford, CT (for tax bills for 2022 and | \$ - | \$ | 617.73 | | 2023) | | | | | Disbursement paid to Seriatim Inc. (for deposit for personal property | \$ - | \$ | 2,520.00 | | inventory services at 373 Taconic property) | | | | | Disbursement paid to Greenwich Pool Service, LLC (for pool services | \$ - | \$ | 1,749.44 | | at 373 Taconic property) | | | | | Disbursement paid to PSE&G (for gas utility invoices at 675 Ramapo | \$ - | \$ | 9,777.73 | | Valley Road property) | | | |

| In re Ho Wan Kwok | | Case No. | 22-50073 (JAM) | | |-----------------------------------------------------------------------------------------------------------------------------|-------------------|--------------|----------------------|-----------------------------------------------------------------------------------------------------------------| | Debtor | Reporting Period: | | 3/1/2025 - 3/31/2025 | | | Disbursement paid to Town of Greenwich (for alarm registration fee | \$ | - | \$ | 30.00 | | for 373 Taconic property) | | | | | | Disbursement paid to Verizon (for services at 675 Ramapo Valley | \$ | - | \$ | 3,483.80 | | Road property ) Disbursement paid to Optimum (for internet services at 373 Taconic | \$ | - | \$ | 561.89 | | property) | | | | | | Disbursement paid to Eversource (for electric bill at 373 Taconic | \$ | - | \$ | 2,327.99 | | property) | | | | | | Disbursement paid to Central Bank of Cyprus (for test wire in favor | \$ | - | \$ | 100.00 | | of the District Court of Limassol, Cyprus) | | | | | | Disbursement paid to Atko Bros Landscaping (for landscaping | \$ | - | \$ | 6,168.30 | | services at 373 Taconic property) | | | | | | Disbursement paid to Town of Greenwich (for police security at 373 | \$ | - | \$ | 8,500.00 | | Taconic property) | | | | | | Disbursement paid to Peter Shaw (for barrister fees) | \$ | - | \$ | 2,865.19 | | Disbursement paid to Paul Wright (for barrister fees) Disbursement paid to Kyle Davis Lawn Care, LLC (for landscaping at | \$ \$ | - 559.78 | \$ \$ | 6,555.83 17,122.48 | | Mahwah Mansion) | | | | | | Disbursement paid to JL Holdings, Inc. (for pool and spa | \$ | - | \$ | 639.75 | | winterization at 675 Ramapo Valley Road property) | | | | | | * Unauthorized fraudulent disbursements | \$ | - | \$ | 7,240.99 | | Disbursement paid to Central Bank of Cyprus (for wire in favor of the | \$ | - | \$ | 218,150.40 | | District Court of Limassol, Cyprus) | | | | | | Disbursement paid to Hackensack Roofing Co. Inc. (for roofing | \$ | - | \$ | 18,382.15 | | repair invoices for roof at Mahwah mansion) | | | | | | Disbursement paid to Milo Plastering (for plaster repair at Mahwah | \$ | - | \$ | 31,000.00 | | mansion) | | | | | | Disbursement paid to TransPerfect Translations International Inc. (for | \$ | 500.00 | \$ | 500.00 | | translation and proofreading services) Disbursement paid to Planet Depos, LLC (for deposition services in | \$ | 790.00 | \$ | 790.00 | | adversary proceeding) | | | | | | Disbursement paid to Montvale Moving Services LLC (for packing | \$ | 1,300.00 | \$ | 1,300.00 | | and moving at the Mahwah mansion) | | | | | | Total Ordinary Disbursements | \$ | 93,071.55 | \$ | 4,905,795.21 | | REORGANIZATION ITEMS: | | | | | | Professional Fees | | | | | | Fees paid with respect to Neubert, Pepe & Monteith PC | \$ | - | \$ | 4,796,466.65 | | Fees paid with respect to Paul Hastings LLP | \$ | 4,494,962.58 | \$ | 40,049,080.64 | | Broker fees paid with respect to Edmiston and Company Limited | \$ | - | \$ | 1,176,250.00 | | Fees paid with respect to Pullman & Comley, LLC | \$ | - | \$ | 795,394.77 | | Fees paid with respect to Epiq Corporate Restructuring LLC | \$ | - | \$ | 306,098.63 | | Fees paid with respect to Harney Westwood & Riegels LP | \$ | - | \$ | 1,341,939.57 | | Fees paid with respect to Kroll LLC | \$ | - | \$ | 2,577,860.80 | | Fees paid with respect to Pallas Partners LLP | \$ | - | \$ | 478,915.87 | | Fees paid with respect to Prager Dreifuss AG | \$ | 168,298.70 | \$ | 599,943.04 | | Fees paid with respect to Eisner Advisory Group LLC | \$ | - | \$ | 147,344.00 | | Fees paid with respect to Winne, Banta, Basralian & Kahn, P.C. | \$ | - | \$ | 8,810.53 | | Fees paid with respect to Sage-Popovich, Inc. | | | \$ | 15,000.00 | | Fees paid with respect to Chryssafinis & Polyviou LLC | \$ | - | | | | | \$ | - | \$ | | | Fees paid with respect to Kobre & Kim (GCC) LLP | \$ | 74,866.59 | \$ | | | U. S. Trustee Fees | \$ | - | \$ | | | | | | | | | Other Reorganization Expenses (attach schedule) | \$ | - | \$ | - | | Total Reorganization Items | \$ | 4,738,127.87 | \$ | | | | | | | | | Total Disbursements (Ordinary + Reorganization) | \$ | 4,831,199.42 | \$ | | | Financing of Genever Entities Payment pursuant to DIP Order with respect to financing Genever US | \$ | - | \$ | | | invoices for Gallagher Basset Services Inc. (for air monitoring for | | | | | | asbestos abatement, ATRU and variance drawings, final inspection and | | | | | | asbestos survey and reporting work at The Sherry Netherland) | | | | | | Payment pursuant to DIP Order with respect to financing Genever | \$ | - | \$ | | | US counsel fees (Saxe Doernberger & Vita PC) | | | | | | Payment pursuant to DIP Order with respect to financing Genever | \$ | - | \$ | | | US counsel fees (O'Sullivan McCormack Jensen & Bliss PC) | | | | 67,166.19 74,866.59 437,253.43 52,872,390.71 57,778,185.92 25,004.19 236,452.00 266,602.17 | | | | | | 98,089.58 | | Payment pursuant to DIP Order with respect to financing Genever BVI corporate fees (Harneys Corporate Services) | \$ | - | \$ | |

\*These cash disbursements in the aggregate amount constitute unauthorized disbursements due to forged checks and unauthorized ACH payments. The accounts involved were immediately closed upon discovery of the fraudulent activity. The Trustee has worked in conjunction with the estate's bank to recover the stolen funds, and has been in communication with the United States Trustee regarding same. As of the date of this MOR, \$7,240.99 has been reimbursed to the estate's bank account.

FORM MOR-1 (INDV) 2/2008 PAGE 3 OF 5

| In re Ho Wan Kwok |------------------------------------------------------------------- | Debtor | Payment pursuant to DIP Order with respect to financing Genever | US invoices for ABF Environmental Inc. (for asbestos abatement and | insulation work) | Payment pursuant to DIP Order with respect to financing Genever | US invoices for Gustav Restoration LLC (invoices for terrace cleaning | project and for deposit for work at The Sherry Netherland) | Payment pursuant to DIP Order with respect to financing Genever | US invoices for Acheson Doyle Partners Architects, PC (for apartment | stabilization work at The Sherry Netherland) | Payment pursuant to DIP Order with respect to financing Genever US | invoices for Catalpa Special Inspections, Inc. (for remediation project at | | The Sherry Netherland) | Payment pursuant to DIP Order with respect to financing Genever US | invoices for Skyline Windows LLC (for window replacement at The | Sherry Netherland) | Payment pursuant to DIP Order with respect to financing Genever US | invoices for Arista Air Conditioning Corp. (for service repair proposal | at The Sherry Netherland) | Payment pursuant to DIP Order with respect to financing Genever US | invoices for The Sherry Netherland, Inc. (for installation of HVAC | Payment pursuant to DIP Order with respect to financing Genever | US invoices for Sciame Homes NY LLC (for general contractor at The | Sherry Netherland) | Payment pursuant to DIP Order with respect to financing Genever | US invoices for Burnham Nationwide, Inc. (for apartment restoration at | The Sherry Netherland) | Payment pursuant to DIP Order with respect to financing Genever US | invoices for U.S. Trustee Fees | Payment pursuant to DIP Order with respect to financing Genever US | invoices for AIG insurance premium | Payment pursuant to DIP Order with respect to financing Genever US | invoices for Hillmann Consulting (for post fire smoke damage | investigation at The Sherry Netherland) | Payment pursuant to DIP Order with respect to financing Genever US | invoices for ARD Facilities Management Group LLC (for storage | services for The Sherry Netherland) | Payment pursuant to DIP Order with respect to financing Genever US | invoices for Cleaning Contractors Corp. (for furniture cleaning at The | Sherry Netherland) | Payment pursuant to DIP Order with respect to financing Genever US | invoices for Montvale Moving Services LLC (for packing and moving | furniture at The Sherry Netherland) | Payment pursuant to DIP Order with respect to financing Genever US | invoices for J and A Construction Consultants dba Dryfast Property | | Restoration (for restoration work at The Sherry Netherland) | Payment pursuant to DIP Order with respect to financing Genever US | invoices for The Light Touch (for work removing and packaging light | | fixtures at The Sherry Netherland) | Payment pursuant to DIP Order with respect to financing Genever US | invoices for CitiQuiet, Inc. (for removing and reinstalling window at | The Sherry Netherland) Total DIP Financing Items | | Net Cash Flow (Total Receipts - Total Disbursements - DIP | Financing) | Cash - End of Month (Must equal reconciled bank statement) | | Third Party Disbursements on Behalf of the Estate | None | Case No. | 22-50073 (JAM) | | ---------|-------------------------|----------------|----------------------| | Reporting Period: | | 3/1/2025 - 3/31/2025 | | \$ - | \$ | 121,300.00 | | | | | | | | | | \$ - | \$ | 39,924.43 | | | | | | | | | | \$ 2,500.00 | \$ | 324,516.61 | | | | | | | | | | \$ - | \$ | 5,750.00 | | | | | | | | | \$ - | \$ | 122,849.05 | | | | | | | | | | \$ - | \$ | 2,515.01 | | | | | | | | | | \$ - | \$ | 105,526.25 | | | | | | \$ 31,384.10 | \$ | 384,187.42 | | | | | | | | | | \$ - | \$ | 19,793.64 | | | | | | | | | | \$ - | \$ | 11,574.00 | | | | | | \$ - | \$ | 109,340.00 | | | | | | \$ - | \$ | 29,446.33 | | | | | | | | | | \$ - | \$ | 26,250.00 | | | | | | | | | | \$ - | \$ | 2,068.63 | | | | | | | | | | \$ - | \$ | 32,777.50 | | | | | | | | | | \$ - | \$ | 554,269.78 | | | | | | | | | | | | | | \$ - | \$ | 1,750.00 | | | | | | | | | | | | | | \$ - | \$ | 2,177.50 | | | | | | \$ 33,884.10 | \$ | 2,522,164.09 | | | | | | \$ (4,614,023.61) \$ | | 69,960,677.40 | | | | | | \$ 69,960,656.78 | \$ | 69,960,656.78 | | | | | | | | | | \$ - | \$ | 12,757.00 |

#### **THE FOLLOWING SECTION MUST BE COMPLETED**

**DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: (FROM CURRENT MONTH ACTUAL COLUMN)**

| TOTAL DISBURSEMENTS | \$ 4,831,199.42 | |--------------------------------------------------------|--------------------| | LESS: TRANSFERS TO OTHER DEBTOR IN POSSESSION ACCOUNTS | \$ - |

| In re Ho Wan Kwok | Case No. | 22-50073 (JAM) | | |-------------------|----------------------------------------------------------------------|----------------------|--------------| | Debtor | Reporting Period: | 3/1/2025 - 3/31/2025 | | | | PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow | \$ | - | | accounts) | | | | | | TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY | \$ | 4,831,199.42 | | FEES | | | |

# **UNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION**

| ------------------------------------------------------ | x | |--------------------------------------------------------|-------------------------------------------| | In re: | : : Chapter 11 | | HO WAN KWOK, | : : Case No. 22-50073 (JAM) : | | Debtor. | : : | | ------------------------------------------------------ | x |

# **ATTACHMENT TO MONTHLY OPERATING REPORT FOR THE PERIOD MARCH 1, 2025 THROUGH MARCH 31, 2025**

This attachment is incorporated into and made a part of the Monthly Operating Report ("MOR") of Chapter 11 Trustee Luc A. Despins.

# **General Disclaimers**

- 1. The MOR is presented on a form promulgated in 2021 by the Executive Office of the United States Trustee. This form in many instances requires inserting a number for a line item even if the line item does not apply. The form also does not allow for the insertion of explanations or asterisks next to answers. Accordingly, as presented, certain responses may be inapplicable or incomplete. Following guidance from the United States Trustee's office, this attachment is being filed as an integral part of the MOR. - 2. On July 8, 2022, the Bankruptcy Court signed an order approving the appointment of Luc A. Despins, Esq. as Chapter 11 Trustee (the "Trustee"). The information in this MOR is based only on information beginning on the date of the Trustee's appointment and only on bank accounts within the Trustee's control.[1](#page-17-0) - 3. The Trustee reserves the rights to amend, modify or supplement this MOR or update it in future MORs.

### **Specific Responses**

## Part 1 Responses

4. As noted above, this information is limited to cash receipts and disbursements since the Trustee was appointed and with respect to accounts under the Trustee's control. Not all cash receipts held by the Trustee as reflected in this MOR have been determined to be

1 The Trustee is currently investigating the Debtor's assets and financial affairs (with respect to which investigation the Debtor has not cooperated).

property of the estate at this time. There are various on-going litigations with respect to the funds held by the Trustee, which, if finally determined in a manner adverse to the Trustee, would materially reduce the total amount of cash held by the Trustee at this time. In addition, cash disbursements included here do not reflect payments made pursuant to the *Order (I) Authorizing Chapter 11 Trustee to Extend Financing Pursuant to Bankruptcy Code Section 363, (II) Authorizing Genever US and Genever BVI to Obtain Post-Petition Financing Pursuant to Bankruptcy Code Section 264, (III) Granting Non-Priming Liens and Providing Superpriority Administrative Expense Claims, (IV) Modifying Automatic Stay, and (V) Granting Related Relief*, entered on September 12, 2023 [Dkt. 2193], which authorized the Kwok estate to finance expenses of the Genever entities, which are described in the summary of cash receipts and disbursements.

## Part 2 Responses

- 5. To the extent this section is applicable (the Debtor is an individual), the Trustee has insufficient information to complete this section. The Trustee's counsel is currently reviewing the over 1,200 proofs of claim filed in connection with the claims bar date, which occurred on February 17, 2023. - 6. The Trustee is aware of certain professional fees and expenses that have arisen in connection with services provided by the Trustee's professionals. As of the end of the reporting period, certain interim applications for reimbursement of expenses have been approved by the Court pursuant to various orders approving interim fee applications and as set forth in the *Order Establishing Procedures for Interim Compensation and Reimbursement of Expenses for Retained Professionals*, entered on August 18, 2023 [Docket No. 2094].

## Part 3 Responses

7. On June 27, 2023, the Bankruptcy Court entered an order authorizing and approving the sale of the Lady May [Docket No. 1953]. On December 19, 2023, the Bankruptcy Court entered an order authorizing and approving the sale of the Lady May II [Docket No. 2449]. On June 20, 2024, the Bankruptcy Court entered an amended order [Docket No. 3265] authorizing and approving the liquidation of shares of Victory Capital Holdings, Inc. held by Reverence Capital Partners Opportunities Fund I (Cayman) L.P. and the distribution of the proceeds of such liquidation, as discussed in the Trustee' s related motion [Docket No. 3203] and report of results of sale [Docket No. 3372].

# Part 4 Responses

8. To the extent this section is applicable (the Debtor is an individual), the Trustee has insufficient information to complete this section.

# Part 5 Responses

- 9. As of the end of the reporting period, certain interim applications for reimbursement of expenses have been approved by the Court pursuant to various orders approving interim fee applications and as set forth in the *Order Establishing Procedures for Interim Compensation and Reimbursement of Expenses for Retained Professionals*, entered on August 18, 2023 [Docket No. 2094]. - 10. The Trustee is aware of a number of professional firms that have provided services to the official committee of unsecured creditors or the Debtor (prior to the appointment of the Trustee) but that have not at this time had their retentions approved by the Court. The Trustee includes such professional firms (of which he is aware) in this part of the MOR out of an abundance of caution but reserves all his rights with respect to the retention and/or payment of fees with respect to such professional firms. The Trustee also notes that the Debtor may have employed professionals (prior to the appointment of the Trustee) of which the Trustee is not aware.

## Part 6 Responses

11. The Trustee is not aware of any postpetition taxes that have accrued during the time period since the Trustee's appointment.

## Part 7 Responses

12. The Trustee notes that the Debtor filed a chapter 11 plan on April 20, 2022 [Docket No. 197] (the "April 2022 Plan") with respect to which no disclosure statement was filed or approved.

## Part 8 Responses

13. The Trustee has insufficient information to respond to Part 8.

| Case 22-50073 9300 Flair Dr., 1 St FL El Monte, CA. 91731 | Doc 4328 Filed 04/21/25 EASTWESTBANK Your financial bridge® | Entered 04/21/25 10:48:51 | | Page 21 of 24 Direct inquiries to: 888 761 -3967 ACCOUNT STATEMENT of Page 1 3 STARTING DATE: March 01, 2025 ENDING DATE: March 31, 2025 Total days in statement period: 31 ( 2) | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------|---------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | BK EST/HO WAN KWOK DEBTOR LUC A DESPINS, CH11 TRUSTEE CASE #22-50073 C/O PAUL HASTINGS LLP 200 PARK AVE NEW YORK NY 10166-0005 | | | | Protecting the security of your account and personal information is our top priority. Learn about our online security best practices and tips on how to protect yourself from cybercrime by visiting eastwestbank.com/privacy-and-security. | | Standard Business Checking Account number Enclosures Low balance Average balance | 2 \$672, 188.22 \$1,334,898.46 | Beginning balance Total additions Total subtractions Ending balance | | \$1,041,922.60 5,000,346.56 ( 2) 4,865,083.52 (34) \$1,177,185.64 | | CREDITS Number Date 03-10 03-28 | Transaction Description Deposit Onln Bkg Trft C | FR ACC 05S00021280 | | Additions 346.56 5,000,000.00 | | CHECKS | | | | | | Number Date 1314 03-27 | Amount 1,300.00 | Number 1315 | Date 03-27 | Amount 790.00 | | DEBITS Date Transaction Description 03-03 Outgoing Fx Ccy 03-03 Service Charge 03-03 Outgoing Wire 03-03 Service Charge 03-03 Outgoing Wire 03-03 Service Charge 03-04 Debit Memo 03-04 Debit Memo 03-05 Outgoing Wire | Fx ouT wIRE 101sosss2 1 1 BK EST Ho wAN KWOK ouTG0ING FxccYwI DXX3263P0000242s ACHESON DOYLE PART 021000021 BNF coNT; usA - oB I;RE KWOK 1,250.00 OUTGOING WIRE DXX3263P00002439 HAWK EYE SECURITY 031101 266 RE KWOK 16,700.92 FOR HAWK EYE RE SE OUTGOING WIRE FIDUCIARY MAINTENA NCE FIDUCIARY COLLATERAL DXX326SP00002S40 KYLE DAVIS LAWN CA 031101 266 RE KWOK 5S9.78 FOR KYLE DAVIS LAWN C | | | Subtractions 64,158.73 40.00 1,250.00 40.00 16,700.92 40.00 25.00 5,691 .53 559.78 | | 03-05 Service Charge 03-05 Outgoing Wire | OUTGOING WIRE DXX326SP00002S3S HAWK EYE SECURITY 031101266 RE KWOK 1S,3S4.72 FOR HAWK EYE RE SE | | | 40.00 15,354.72 |

40.00

03-05

Service Charge

OUTGOING WIRE

Case 22-50073 Doc 4328 Filed 04/21/25 Entered 04/21/25 10:48:51 Page 22 of 24

**ACCOUNT STATEMENT** I= EASTWESTBANK Your financial bridge®

9300 Flair Dr., 1 St FL El Monte, CA. 91731

Page 2 of 3 STARTING DATE: March 01, 2025 ENDING DATE: March 31, 2025

BK EST/HO WAN KWOK DEBTOR

| Date | Transaction Description | Subtractions | | |-------|-------------------------|---------------------------------------------------------------------------|--------------| | | 03-05 Outgoing Wire | DXX3265P00002498 SCIAME HOMES NY LL 021000021 RE KWOK, GENEVER u S, | | | | | 31 ,384.10 FORS | 31,384.10 | | | 03-05 Service Charge | OUTGOING WIRE | 40.00 | | | 03-06 Preauth Debit | Town ship of Mahw 2015295757 250306 | 41.43 | | | 03-06 Preauth Debit | Town ship of Mahw 2015295757 250306 | 216.87 | | | 03-07 Preauth Debit | ROCKLAND ELECTR RECO 250307 59297160000 | 212.76 | | | 03-07 Preauth Debit | ROCKLAND ELECTR RECO 250307 85766340005 | 5,073.72 | | | 03-12 Outgoing Wire | DXX326CP00001779 TRANSPERFECT TRANS 021000089 BNF CONT; USA - OB l;RE | | | | | KWOK 500 FOR | 500.00 | | | 03-12 Service Charge | OUTGOING WIRE | 40.00 | | | 03-12 Outgoing Wire | DXX326CP00001772 HAWK EYE SECURITY 031101266 RE KWOK 15 354.72 FOR HAWK | | | | | EYE RE SE | 15,354.72 | | | 03-12 Service Charge | OUTGOING WIRE | 40.00 | | | 03-17 Outgoing Fx Ccy | FX OUT WIRE 101511554 1 1 BK EST HO WAN KWOK | 104, 139.97 | | | 03-17 Service Charge | OUTGOING FX CCV WI | 40.00 | | | 03-20 Outgoing Wire | DXX3274P00002904 ACHESON DOYLE PART 021000021 BNF CONT; UNITED STATES - | | | | | OBl;RE KWO | 1,250.00 | | | 03-20 Service Charge | OUTGOING WIRE | 40.00 | | | 03-26 Outgoing Wire | DXX327 AP00002419 HAWK EYE SECURITY 031101266 RE KWOK 30,720.10 FOR HAWK | | | | | EYE RE SE | 30,720.10 | | | 03-26 Service Charge | OUTGOING WIRE | 40.00 | | | 03-27 Intl Wire Xfer | BXX327BP00001861 KOBRE & KIM GCC LL EBILAEADXXX REF. IN RE KWOK 74 ,86659 | | | | | FOR KOBRE & | 74,866.59 | | | 03-27 Service Charge | INTL WIRE XFER | 50.00 | | 03-31 | Outgoing Wire | DXX327FP00002625 PAUL HASTINGS LLP 322271724 REF, RE IN RE KWOK | | | | | 4,494,962.58 FOR | 4,494,962.58 | | 03-31 | Service Charge | OUTGOING WIRE | 40.00 |

#### **DAILY BALANCES**

| Date | Amount | Date | Amount | Date | Amount | |-------|--------------|-------|------------|-------|---------------| | 02-28 | 1,041,922.60 | 03-07 | 901,013.04 | 03-26 | 749,194.81 | | 03-03 | 959,692.95 | 03-10 | 901,359.60 | 03-27 | 672,188.22 | | 03-04 | 953,976.42 | 03-12 | 885,424.88 | 03-28 | 5,672, 188.22 | | 03-05 | 906,557.82 | 03-17 | 781,244.91 | 03-31 | 1,177,185.64 | | 03-06 | 906,299.52 | 03-20 | 779,954.91 | | |

#### **OVERDRAFT/RETURN ITEM FEES**

| | Total for this period | Total year-to-date | |--------------------------|--------------------------|-----------------------| | Total Overdraft Fees | \$0.00 | \$0.00 | | Total Returned Item Fees | \$0.00 | \$0.00 |

**Statement Date Page**

**03/31/2025 3 of 3**

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| !- Case 22-50073 Doc 4328 Filed 04/21/25 Entered 04/21/25 10:48:51 EASTWESTBANK Your financial bridge® 9300 Flair Dr., 1 St FL | Page 24 of 24 Direct inquiries to: 888 761-3967 | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | El Monte, CA. 91731 | ACCOUNT STATEMENT of Page 1 1 STARTING DATE: March 01, 2025 ENDING DATE: March 31, 2025 Total days in statement period: 31 ( O) | | BK EST/HO WAN KWOK DEBTOR LUC A DESPINS, CH 11 TRUSTEE CASE #22-50073 C/O PAUL HASTINGS LLP 200 PARK AVE NEW YORK NY 10166-0005 | Protecting the security of your account and personal information is our top priority. Learn about our online security best practices and tips on how to protect yourself from cybercrime by visiting eastwestbank.com/privacy-and-security. | | | | | Trustee-Non Vendor MMA Account number Beginning balance \$68,532,757.79 Low balance Total additions \$72,887,596.50 Average balance Total subtractions \$687,051.20 Interest paid year to date Ending balance | \$73,532,757.79 250,713.35 111 5,000,000.00 111 \$68,783,471.14 | | CREDITS Number Date Transaction Description 03-31 Interest Credit | Additions 250,713.35 | | DEBITS Date Transaction Description 03-28 Onln Bkg Trfn D ro Ace 0550002os4s | Subtractions -5, 000, 000. 00 | | DAILY BALANCES Date Amount Date Amount 73,532,757.79 68,532,757.79 02-28 03-28 | Date Amount 68,783,471.14 03-31 | | INTEREST INFORMATION 4. 13% Annual percentage yield earned Interest-bearing days \$72,887,596.50 Average balance for APY Interest earned | 31 \$250,713.35 | | OVERDRAFT/RETURN ITEM FEES | | | | |