PINGTAN MARINE ENTERPRISE LTD. (NASDAQ:PME) Files An 8-K Submission of Matters to a Vote of Security Holders

Item 5.07

On January 6, 2017, Pingtan Marine Enterprise Ltd., a Cayman
Islands company (the Company), held its 2016 Annual General
Meeting of Members (the Annual Meeting). For more information
about the proposals, see the Companys Definitive Proxy Statement
filed with the U.S. Securities and Exchange Commission on
December23, 2016 (the Proxy Statement), the relevant portions of
which are incorporated herein by reference.

At the Annual Meeting, members representing 46,520,242 ordinary
shares or 58.85% of the 79,055,053 ordinary shares outstanding on
the record date of December 22, 2016, were present in person or
by proxy, constituting a quorum for the purposes of theAnnual
Meeting. The final voting results on each of the matters
submitted to a vote of members were as follows:

Proposal No. 1. Election of Directors. The
Company’s members elected each of the Class A director nominees
to the board of directors, to serve for a three year terms to
expire at the Company’s 2019 annual general meeting of members
or until his respective successor has been duly elected and
qualified, as follows:

Proposal No. 2. Reverse Split Proposal. The
Company’s members approved a share consolidation, or reverse
split, of the Company’s ordinary shares, par value $0.001 per
share under three alternative scenariosdescribed in the Proxy
Statement as the 4-to-1 Consolidation, the 3-to-1 Consolidation
and the 2-to-1 Consolidation, as follows:

Proposal No. 3. Ratification of Appointment of
Independent Auditors. The Company’s members ratified
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, 2016, as
follows:

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.

PINGTAN MARINE ENTERPRISE LTD. (NASDAQ:PME) Recent Trading Information

PINGTAN MARINE ENTERPRISE LTD. (NASDAQ:PME) closed its last trading session up +0.04 at 1.81 with 263,745 shares trading hands.