The EJM China Program:
All private aircraft management and flight operations services in the EJM China program will be performed by NetJets Business Aviation Limited. The company is currently pursuing certification by the Civil Aviation Administration of China. Aircraft management services and charter flight operations will begin as soon as all necessary approvals are obtained. Subject to government approval, NetJets Business Aviation Limited will be a joint venture among NetJets Inc.; a consortium of Chinese investors led by Hony Jinsi Investment Management (Beijing) Ltd, a subsidiary of Hony Capital, a leading private equity firm of China; and Fung Investments, part of the private investment arm of the families of Dr. Victor Fung and Dr. William Fung, the controlling shareholders of the Li & Fung group of companies that are involved in supply chain management as well as the wholesale and retail sale of consumer products.