Pingtan Marine Enterprise Announces Results of Annual General Meeting

FUZHOU,China,Dec. 29,2021 -- Pingtan Marine Enterprise Ltd. (Nasdaq: PME),("Pingtan" or the "Company"),a fishing company based in the People's Republic of China,today announced thateach of the following proposed resolutions submitted for shareholder approval has been duly adopted at its annual general meeting of shareholders held inFuzhouon December 23,2021:

The election of XingAn Lin and Lin Lin as Class C directors to the Board of Directors and to serve for a three-year term to expire at the 2024 annual general meeting or until a successor is duly elected and qualified;and

The ratification of the appointment of Wei,Wei& Co,LLPas the Company's independent registered public accounting firm for the fiscal year ending December 31,2021.

About Pingtan

Pingtan is a fishing company engaging in ocean fishing through its subsidiary,Fujian Provincial Pingtan County Ocean Fishing Group Co.,Ltd..

CONTACT:

LiMing Yung (Michael)

Chief Financial Officer

Pingtan Marine Enterprise Ltd.

Tel: +86 591 87271753

michaelyung@ptmarine.net

Maggie Li

Investor RelationsManager

Pingtan Marine Enterprise Ltd.

Tel: +86 591 8727 1753

mli@ptmarine.net

INVESTOR RELATIONS

PureRock Communications Limited

PTmarine@pure-rock.com

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