Pingtan Marine Enterprise announces China's largest fishery support vessel and 6 squid jigging vessels sailing to sea

Pingtan Marine Enterprise Ltd. (NASDAQ: PME) ("Pingtan" or the "Company"), today announced that the Company's rebuilt refrigerated transport vessel, Fu Yuan Yu Yun 992, and 6 large-scale squid jigging vessels set sail to sea in mid-December 2020.

The rebuilt refrigerated transport vessel, Fu Yuan Yu Yun 992, was completed in October 2020. Its vessel length is 132.06 meters and gross tonnage is 8374. It is the largest fishery support vessel in China so far as approved by the Ministry of Agriculture and Rural Affairs of the People's Republic of China. It left Shidao Port in Weihai City, Shandong Province on December 12, 2020 and will operate in the international waters.

The 6 large-scale squid jigging vessels are normally operating vessels that returned to China earlier this year from the waters of Southwest Atlantic Ocean for maintenance and repair. These vessels left the port of Mawei on December 17, 2020 and are sailing to the fishing grounds in the international waters of the Southeast Pacific Ocean for operation.