TEXL Expands GE90 Engine Overhaul Facility

Taikoo Engine Services (Xiamen) Company Limited (“TEXL”) celebrated the opening of its
expanded GE90 engine overhaul facility today. The Phase 2 facility includes a two-storey
building with a floor area of 17,500 square metres. Together with new plant and equipment,
the expansion allows TEXL to provide full GE90-110/115B engine overhaul capability. The
expansion is sited adjacent to the existing 3,500 square metres facility, which includes a
state-of-the-art, 150,000 pounds of thrust engine test cell.

TEXL specialises in the repair, overhaul and test of GE90 series engines and has in place a
22-year GE90 Branded Service Agreement (“GBSA”) with GE Aviation, which licenses the
Company as an authorised GE90™ Service Provider, GE90 Center of Excellence and the
sole holder of a GE90 “GBSA” in Asia. TEXL has the right of access to and the provision of
GE’s technology, inventory, resources, and training. Together with the close working
relationship between GE and TEXL and the work practices mentoring from GE, TEXL
ensures the delivery of high quality services.

Mr. Augustus Tang, Chairman of TEXL said, “The expanded facility enables us to serve the
increasing global demand for GE90 engine repair and overhaul services. We will further
develop our capabilities and continue to provide quality services to our customers. The
Company will live up to its mission of being a world class GE engine repair and overhaul
facility.”