What does the @EJBs annotation do?

I know roughly what this construction does: it creates a SomeType EJB and injects the object into another EJB.

 @EJB(name="name1")
 SomeType someVariable

Now I have a class which starts like this: (I give all class-level annotations, even though I think only the @EJBs is relevant)

@Remote(SomeClass.class)
@Stateless(name="someName")
@EJBs({@EJB(name="name1",beanInterface=Type1.class),
       @EJB(name="name2",beanInterface=Type2.class)})
@TransactionAttribute(TransactionAttributeType.REQUIRED)
@TransactionManagement(TransactionManagementType.CONTAINER)
public class X extends Y{ 
  //code

What do the @EJB s do here? They probably get or create the "name1" ... objects from JNDI, but where do they put the result? I don't see a .lookup call anywhere near, but the codebase is huge so I'm not very sure about this.

Bonus question: I presume the two @Transaction annotations simply repeat defaults?

UPDATE: Multiple persons claimed at this point that @EJBs is a proprietary extension. It is not. It is a core part of java EE5. See the JavaDoc for details.. It is simply a container for the individual @EJB annotations.

I believe everyone who claims these EJB annotations do a lookup. I just want to know what happens with the result of this lookup.