Press Release

Issued by Sino Jet Management.

November 19, 2014

On November 12th, 2014, Tsinghua Holdings Capital and Sino Jet Commercial Aviation Management (Sino Jet) jointly announced that Tsinghua Holdings Capital had fully acquired Sino Jet.

With the support of Tsinghua Holdings Capital, Sino Jet plans to continue to strengthen and expand its commercial aviation operations from its Hong Kong base. This is Tsinghua Holdings Capital’s second large acquisition in the commercial aviation industry, the first being its acquisition of a majority stake in Beijing Bear Jet Aviation in 2013, and is the first cross-border integration of its kind by a Chinese firm in the general aviation industry.

Once the acquisition has been completed, Tsinghua Holdings Capital will utilize the human capital, technology, management and market resources at its disposal to comprehensively support Sino Jet’s continued growth.