Starr International Company, Inc., through its wholly-owned subsidiary Starr Investments Cayman II, Inc. has agreed to purchase an aggregate of 1.5 million shares of China MediaExpress Holdings, Inc.’s common stock at a price of $9 per share.

Starr International is already one of the major investors in China MediaExpress, having invested, through Starr Cayman, $30 million in January 2010.