PINGTAN MARINE ENTERPRISE LTD. (NASDAQ:PME) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07 Submission of Matters to a Vote of Security Holders.
Presented below are the voting results for the proposals, described in detail in the Definitive Proxy Statement filed with the U.S. Securities and Exchange Commission on November9, 2017 (the "Proxy Statement") of Pingtan Marine Enterprise Ltd., a Cayman Islands company (the "Company" or "our"), the relevant portions of which are incorporated herein by reference, submitted to our members at our Annual General Meeting of Members held on December13, 2017 ("Annual General Meeting").
At the Annual General Meeting, members representing 52,753,055 ordinary shares, or 66.73% of the 79,055,053 ordinary shares outstanding on the record date of October 18, 2017, were present in person or by proxy, constituting a quorum for the purposes of theAnnual General Meeting.
| Proposal No. 1. | The following Class B nominee was elected by at least a simple majority of the shares present in person or represented by proxy at the Annual General Meeting to serve on the board of directors for a three year term expiring at our 2020 annual general meeting of members with the following vote: | ||
| Director Nominee | Votes For | Votes Withheld | Broker Non-votes |
| Lin Bao | 44,379,261 | 80,336 | 8,293,458 |
| Proposal No. 2. | The compensation of our executive officers was approved, in a non-binding advisory vote, by the affirmative vote of at least a simple majority of the votes cast with the following vote: | ||
| For | Against | Abstain | Broker Non-votes |
| 44,429,175 | 15,884 | 14,538 | 8,293,458 |
| Proposal No. 3. | The appointment of BDO China Shu Lun Pan Certified Public Accountants LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2017, was ratified by the affirmative vote of at least a simple majority of the votes cast with the following vote: | ||
| For | Against | Abstain | Broker Non-votes |
| 52,425,225 | 235,286 | 92,544 | – |
About PINGTAN MARINE ENTERPRISE LTD. (NASDAQ:PME)
Pingtan Marine Enterprise Ltd. is a marine enterprises company. The Company, through its subsidiary, Fujian Provincial Pingtan County Ocean Fishing Group Co., Ltd. (Pingtan Fishing), is primarily engaged in ocean fishing. The Company harvests a range of fish species with its owned and licensed vessels operating within the Indian Exclusive Economic Zone and the Arafura Sea of Indonesia. The Company provides seafood to its customers, including distributors, restaurant owners and exporters in the People’s Republic of China (PRC). The Company owns approximately 110 trawlers, four longline fishing vessels, two squid jigging vessels and two drifters, and has exclusive operating license rights to 20 drifters. The Company catches approximately 30 different species of fish, including ribbon fish, Indian white shrimp, croaker fish, pomfret, Spanish mackerel, conger eel, squid and red snapper. The Company’s catch is shipped back to China.
