Pingtan Marine Enterprise Announces Participation in Two International Industry Events

FUZHOU, China, Nov. 21, 2013 /PRNewswire/ -- Pingtan Marine Enterprise Ltd. (Nasdaq: PME), ("Pingtan," or the "Company") an integrated marine services company in the People's Republic of China (PRC), today announced that a delegation from the Company presented at two recent events discussing the fishing industry in China, the 18th Annual China Fisheries & Seafood Expo in Dalian, China, and the Second "China - Pacific Island Countries Economic Development and Cooperation Forum - Agriculture Fisheries Symposium" in Guangzhou, China. 

The Deputy Minister of Agriculture of the PRC, Mr. Niu Dun, participated in both events, which served as an opportunity for fishing and marine companies from domestic and international companies to discuss the development and modernization of the industry. 

Mr. Xinrong Zhou, Pingtan's Chairman and CEO, stated, "We were very pleased to participate in these two events, which serve as a strong opportunity for Pingtan to share ideas and remain abreast on central government policies surrounding our industry. We completely agree with the Minister's comments that modernization of the fishing industry is crucial to continue stable and strong growth while still satisfying growing consumer demand. We continue to focus on building our brand recognition both in China and abroad, while sharing ideas surrounding the introduction of advanced fisheries production and processing technology. Our goal is for Pingtan to be a market leader in these areas, and feel our business will gain greater recognition within a largely fragmented industry as we grow scale throughout the Company."

18th Annual China Fisheries & Seafood Expo – Dalian, China

The China Fisheries & Seafood Expo is Asia's first and the world's second-largest professional fishing show, the whole industry chain is the world's aquatic showcase, exchange and cooperation platform.  The event took place on November 5-7, 2013 at the Dalian World Expo Center. The event took place at an exhibition hall encompassing ​​nearly 50,000 square meters, with more than 1,000 exhibiting companies from over 80 countries.

For additional information about the event, please click the link below
http://www.moa.gov.cn/zwllm/zwdt/201311/t20131106_3668654.htm

Second "China - Pacific Island Countries Economic Development and Cooperation Forum - Agriculture Fisheries Symposium"

Sponsored by the Ministry of Agriculture, the second "China - Pacific Island Countries Economic Development and Cooperation Forum - Agriculture Fisheries Symposium" was held on November 8, 2013 in Guangzhou. Niu Dun, Vice Minister of Agriculture attended the meeting and delivered a speech. Contingents from China, Fiji, Cook Islands, Micronesia, Samoa, Tonga, Vanuatu and seven other countries took part in the event. Approximately 130 representatives attended the seminar, including Pingtan's management.

For additional information about the event, please click the link below
http://www.moa.gov.cn/zwllm/zwdt/201311/t20131109_3671146.htm

About Pingtan Marine

Pingtan is a marine enterprises group, engaging in ocean fishing through its wholly-owned subsidiaries, Fujian Provincial Pingtan County Ocean Fishing Group Co., Ltd., or Pingtan Fishing. Pingtan Fishing primarily engages in ocean fishing with many of its self-owned vessels operating within the Indian Exclusive Economic Zone and the Arafura Sea of Indonesia. Pingtan Fishing is a growing fishing company and provider of high quality seafood in the PRC.

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. Readers are cautioned that actual results could differ materially from those expressed in any forward-looking statements. In addition, please refer to the risk factors contained in Pingtan's SEC filings available at www.sec.gov, including Pingtan's most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q Definitive Proxy Statement and Form S 3. 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

INVESTOR RELATIONS:

The Equity Group Inc.
Adam Prior, Senior Vice President
(212) 836-9606 
aprior@equityny.com

In China

Katherine Yao, Associate
86 10 6587 6435
kyao@equityny.com

SOURCE Pingtan Marine Enterprise Ltd.



RELATED LINKS
http://www.moa.gov.cn/zwllm/zwdt/201311/t20131106_3668654.htm
http://www.moa.gov.cn/zwllm/zwdt/201311/t20131109_3671146.htm

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