FUZHOU, China, Nov. 19, 2020 /PRNewswire/ -- Pingtan Marine
Enterprise Ltd. (NASDAQ: PME) ("Pingtan" or the "Company"), today
announced that on November 17, 2020,
Pingtan's CEO led a team for a study visit to Zhanjiang Guolian
Aquatic Products Co., Ltd. ("Guolian") that is headquartered in the
Zhanjiang Economic and Technological Development Zone of
Guangdong Province in China.
Guolian is an aquatic food company listed on the Shenzhen Stock
Exchange that focuses on the whole-industry-chain development of
the aquatic industry and places aquatic food R&D as its leading
priority. Its key products are prawn and tilapia, which are safe,
healthy, and cost-effective aquatic products. Guolian has now
developed into a multi-national group company covering a variety of
whole industry chains, including hatchery, factory farming, feed
manufacturing and selling, fisheries research, marine food
processing and trade.
During the visit, Pingtan's Chairman and CEO, Mr. Xinrong Zhuo, led the team in a study of
Guolian's intelligent processing technology and
whole-industry-chain operation model. Mr. Zhuo and Guolian's
Chairman, Mr. Zhong Li, had in-depth
discussions and exchanged views on a variety of topics, including
aquatic food processing, food R&D and global sales networking,
and agreed that there are opportunities for the companies to work
together for development in a whole-industry-chain approach, which
would benefit both companies and make respective advantages
complementary to each other.
Mr. Zhuo commented: "Guolian is one of the largest aquatic food
companies in China. We are honored
to have an opportunity to visit its headquarters. The visit was
very successful. In the future, we look forward to finding ways to
cooperate with Guolian in the area of intensive processing of
marine catches, such as squid and tuna products and especially
series of intensively processed squid products. We believe the
discussed potential cooperation would not only possibly expand our
product mix but also have a positive impact on Pingtan's
value-added product processing."
About Pingtan
Pingtan is a global fishing company engaging in ocean fishing
through its subsidiary, Fujian Provincial Pingtan County Ocean
Fishing Group Co., Ltd., or Pingtan Fishing.
Business Risks and Forward-Looking Statements
This press release contains forward-looking statements that are
subject to the safe harbors created under the Securities Act of
1933 and the Securities Exchange Act of 1934, as amended. Words
such as "estimate," "project," "forecast," "plan," "believe,"
"may," "expect," "anticipate," "intend," "planned," "potential,"
"can," "expectation" and similar expressions, or the negative of
those expressions, may identify forward-looking statements.
Although forward-looking statements reflect the good faith judgment
of our management, such statements can only be based on facts and
factors currently known by us. Consequently, forward-looking
statements are inherently subject to risks and uncertainties and
actual results and outcomes may differ materially from the results
and outcomes discussed in or anticipated by the forward-looking
statements, including general economic and market conditions and
other risk factors contained in Pingtan's SEC filings available
at www.sec.gov, including Pingtan's most recent Annual Report
on Form 10-K and Quarterly Reports on Form 10-Q. Readers are
cautioned not to place undue reliance on any forward-looking
statements, which speak only as of the date on which they are made.
Pingtan undertakes no obligation to update or revise any
forward-looking statements for any reason, except as required by
law.
CONTACT:
LiMing Yung (Michael)
Chief Financial Officer
Pingtan Marine Enterprise Ltd.
Tel: +86 591 87271753
michaelyung@ptmarine.net
Maggie Li
Investor Relations Manager
Pingtan Marine Enterprise Ltd.
Tel: +86 591 8727 1753
mli@ptmarine.net
INVESTOR RELATIONS
PureRock Communications Limited
PTmarine@pure-rock.com
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SOURCE Pingtan Marine Enterprise Ltd.