Press Release

Issued by Sino Jet Management.

August 31, 2011

Sino Jet Management Limited is very pleased to announce the appointment of Ms Jackie Wu as Chief Operating Officer of the Company, effective 12 August 2011. In addition to overseeing all day-to-day operations, Ms Wu will be responsible for the formulation and execution of future development plans of Sino Jet.

Ms. Wu has considerable experience in the aviation industry. Her expertise covers not only the acquisition, delivery and registration of business aircraft but also client services and management. Her experiences and knowledge in business aviation were further flourished after serving TAG and collaboration with other operators worldwide. Her extensive experiences and knowledge, combined with her leadership, will certainly enable the Company to provide unrivalled services and solutions to clients. We look forward to her distinctive contributions as we strive for service excellence.