China MediaExpress Provides Clarification to 144 Filing

FUJIAN, China--(BUSINESS WIRE)--China MediaExpress Holdings, Inc. (NASDAQ GS: CCME) (“CME” or “Company”), China’s largest television advertising operator on inter-city and airport express buses, today announced that it was made aware of a Form 144 filing by Mr. Ou Wen LIN, one of its founding shareholders, disclosing a significant stock selling plan. When CME sought to clarify the shareholder's intentions, it was determined that this shareholder had mistakenly overstated the amount subject to sale. The Company understands that Mr. Ou Wen LIN has filed an amendment with the SEC, on Form 144/A. This amended Form 144/A stated that the total number of shares intended to be sold is 63,594, which is the number of shares that Mr. Ou Wen LIN sold on August 18, 2010 and August 19, 2010. It is also CME’s understanding that Mr. Ou Wen LIN does not intend to sell a material part of his 18% stake in CME for the foreseeable future.

CME, through contractual arrangements with Fujian Fenzhong, an entity majority owned by CME’s former majority shareholder, operates the largest television advertising network on inter-city and airport express buses in China. While CME has no direct equity ownership in Fujian Fenzhong, through the contractual agreements CME receives the economic benefits of Fujian Fenzhong’s operations. Fujian Fenzhong generates revenue by selling advertisements on its network of television displays installed on over 23,400 express buses originating in seventeen of China’s most prosperous regions, including the four municipalities of Beijing, Shanghai, Tianjin and Chongqing and thirteen economically prosperous regions, namely Guangdong, Jiangsu, Jiangxi, Fujian, Sichuan, Hebei, Anhui, Hubei, Shandong, Shanxi, Inner Mongolia, Zhejiang and Hunan.

CME is included in the Russell Global Index. For more information visit: www.ccme.tv.