FUZHOU, China, Jan. 10, 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 has deployed two new squid jigging vessels in the
international waters of the Atlantic Ocean.
Squid jigging is a technique that uses a lead sinker with a hook
molded into it to attract squid. These two squid jigging vessels
departed from port on December 2,
2017, and were put into operation after arrival at their
fishing destination in the international waters of South-West
Atlantic Ocean on January 10, 2018
China Standard Time.
Management Commentary
Mr. Xinrong Zhuo, Chairman and
CEO of the Company, commented: "We are excited to launch additional
two large-scale squid jigging vessels and anticipate serving as a
quality squid provider to online consumers across China through JD.com. Our fish products
have been well received since we started selling on JD.com, and we
believe it was a result of the recognition and affirmation of
natural non-polluting deep-ocean fish products. We anticipate
deploying additional fishing vessels to further diversify our
product mix with more varieties of products, and to expand our
product categories on JD.com to satisfy increasing demand. We look
forward to further innovations in the online seafood retail
business model, enhancing consumers shopping experience and
promoting growth by working closely with JD.com"
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. JD.com has the largest fulfillment
infrastructure of any e-commerce company in China. As of
September 30, 2017, JD.com operated 7 fulfillment
centers and 405 warehouses covering 2,830 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 deploying
additional vessels, diversifying our product mix with more
varieties of products and expanding product categories on JD.com.
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
View original
content:http://www.prnewswire.com/news-releases/pingtan-marine-enterprise-announces-additional-two-fishing-vessels-operating-in-international-waters-300580641.html
SOURCE Pingtan Marine Enterprise Ltd.