FUZHOU, China, July 14, 2017 /PRNewswire/ -- Pingtan Marine
Enterprise Ltd. (Nasdaq: PME) ("Pingtan" or the "Company"), a
global fishing company based in the
People's Republic of China (PRC), today announced that the
Company has declared a quarterly cash dividend of $0.01 per share of common stock outstanding,
payable in cash on or about August 15,
2017 to shareholders of record on July 31, 2017. This marks the eleventh
consecutive quarterly dividend paid by Pingtan. The Company intends
to continue paying a cash dividend on a quarterly basis, and
expects to adjust its quarterly dividend rate in accordance with
its earnings performance.
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, including statements
about the Company's expectation that it currently intends to
continue paying dividends on a quarterly basis. 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.
Risks include anticipated growth and growth strategies; need for
additional capital and the availability of financing; our ability
to successfully manage relationships with customers, distributors
and other important relationships; technological changes;
competition; demand for our products and services; the
deterioration of general economic conditions, whether
internationally, nationally or in the local markets in which we
operate; operational, mechanical, climatic or other unanticipated
issues that adversely affect the production capacity of the
Company's fishing vessels and their ability to generate expected
annual revenue and net income; legislative or regulatory changes
that may adversely affect our business; 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.
COMPANY CONTACT:
Roy Yu
Chief Financial Officer
Pingtan Marine Enterprise Ltd.
Tel: +86 591 8727 1753
ryu@ptmarine.net
Johnny Zhang
IR Manager
Pingtan Marine Enterprise Ltd.
Tel: +86 591 8727 1753
jzhang@ptmarine.net
Maggie Li
IR Deputy Manager
Pingtan Marine Enterprise Ltd.
Tel: +86 591 8727 1753
mli@ptmarine.net
INVESTOR RELATIONS COUNSEL:
The Equity Group Inc.
Katherine Yao, Senior Associate
Tel: +86 10 6587 6435
kyao@equityny.com
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SOURCE Pingtan Marine Enterprise Ltd.