PINGTAN MARINE ENTERPRISE LTD

NASDAQ

PME

Pingtan Marine Enterprise Ltd. is a marine enterprises company. The Company is primarily engaging in ocean fishing through its operating subsidiary, Fujian Provincial Pingtan County Ocean Fishing Group Co., Ltd. (Pingtan Fishing). The Company harvests a range of fish species with its owned and licensed vessels operating within the Indian Exclusive Economic Zone, Indo-Pacific waters, the Arafura Sea of Indonesia, and international waters of Atlantic and Pacific Oceans. As of December 31, 2016, the Company owned 91 trawlers, 15 drifters, three light luring seine vessels, two squid jigging vessels and had exclusive operating license rights to 20 drifters. As of December 31, 2016, the Company caught approximately 20 different species of fish, including ribbon fish, croaker fish, pomfret, Spanish mackerel, conger eel, squid and red snapper. The Company's fishing vessels transport frozen catch to cold storage warehouses at nearby onshore fishing bases.