The Lady featured at the begining is Svetlana Kapijana, who has twice placed third in the overall standings at the World Aerobatic Championships, flying a SU-31 with a Vendelev M-14PF (450HP).
I think the other pilot is also one of the russians, which is interesting as he's flying a German built (and registered) Extra 300s.
The event is one of the FAI Grand Prix of Aerobatics, which seem to primarily be held in Asia, mainly because regulatory authorities in the west would C%$£ themselves over event like this!!!