- The Company Successfully
Entered Consumer Food Market
FUZHOU, China, Jan. 4, 2018 /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's fish products have gone online on JD.com and will be
available to consumers.
The Company has first launched three of its fish products
including pomfret, yellow croaker and ribbon fish cuts on JD.com,
and it expects to launch more products in the future.
Links to the Company's products on JD.com:
https://item.jd.com/6116323.html
https://item.jd.com/6098746.html
https://item.jd.com/6116331.html
Management Commentary
Mr. Xinrong Zhuo, Chairman and
CEO of the Company, commented: "Our products have been launched on
JD.com to reach end-consumers directly. This success is the result
of months of hard work of both teams, and also demonstrates
Pingtan's entry into the deep processing sector and our
determination to present deep-ocean natural products to consumers
across China. Our partnership with
JD.com bypassed layers of intermediaries, which is expected to
increase our revenue and at the same time significantly reduce JD's
procurement cost, and ultimately benefit consumers with high
quality deep-ocean products at favorable prices. We anticipate that
the upcoming selling season for the Spring Festival will stimulate
sales so that the Company will be able to present good sales
performance."
About JD.com, Inc.
JD.com is both the largest e-commerce company
in China, and the largest Chinese retailer, by revenue.
The company strives to offer consumers the best online shopping
experience. Through its user-friendly website, native mobile apps,
and WeChat and Mobile QQ entry points, JD offers consumers a
superior shopping experience. The company has the largest
fulfillment infrastructure of any e-commerce company in China.
As of March 31, 2017, JD.com operated 7 fulfillment
centers and 263 warehouses covering 2,672 counties and districts
across China, staffed by its own
employees. JD.com is a member of the NASDAQ100 and a
Fortune Global 500 company.
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 may contain forward-looking statements that
are subject to the safe harbors created under the Securities Act of
1933 and the Securities Exchange Act of 1934. These
statements can be identified by the use of forward-looking
terminology such as "believe," "expect," "may," "will," "should,"
"project," "plan," "seek," "intend," or "anticipate" or the
negative thereof or comparable terminology, and includes statements
about expected sales and entry into the consumer food market.
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 lower sales of products to the
consumer market than anticipated, technological complications,
unforeseen difficulties in the delivery of products, adverse
weather or oceanic conditions or mechanical or other operational
failure of fishing vessels, an unexpected dramatic decrease in
production, operational, mechanical, climatic or other
unanticipated issues that adversely affect the production capacity
of the Company's vessels, applicable regulatory, environmental,
political, legal and economic risks, 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.
CONTACT:
Roy Yu
Chief Financial Officer
Pingtan Marine Enterprise Ltd.
Tel: +86 591 87271753
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
In China
Katherine Yao, Senior Associate
Tel: +86 10 6587 6435
kyao@equityny.com
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SOURCE Pingtan Marine Enterprise Ltd.