Pingtan Marine Enterprise to Hold Annual General Meeting of Members on December 23, 2020

Rhea-AI Summary

Pingtan Marine Enterprise Ltd. (Nasdaq: PME) will hold its Annual General Meeting of Members (AGM) on December 23, 2020, at 10:00 a.m. CST in Fuzhou, China. Shareholders will vote on key proposals including the election of a Class B director for a three-year term, non-binding approval of executive compensation, frequency of future advisory votes on executive compensation, and ratification of BDO China Shu Lun Pan as the independent public accounting firm for 2020. Only shareholders registered by November 9, 2020, can attend.

Positive

• AGM scheduled for December 23, 2020, providing shareholders with a platform to vote on important issues.
• Engagement of BDO China Shu Lun Pan as the independent accounting firm, ensuring financial oversight.

Negative

• Executive compensation approval is non-binding; potential for shareholder dissatisfaction.

FUZHOU, China, Dec. 7, 2020 /PRNewswire/ -- Pingtan Marine Enterprise Ltd. (Nasdaq: PME), ("Pingtan" or the "Company"), today announced that the Company will hold its Annual General Meeting of Members ("AGM") on December 23, 2020, at 10:00 a.m. China Standard Time. The meeting will be held at 18 Floor, Zhongshan Building A, No. 154 Hudong Road, Fuzhou, Fujian, People's Republic of China.

At the meeting, the following proposals will be submitted to shareholders to vote upon, as fully described in the proxy statement filed with the U.S. Securities and Exchange Commission and first made available to shareholders on November 12, 2020:

• The election of one Class B director to the Board of Directors and to serve for a three-year term to expire at the 2023 annual general meeting or until his successor is duly elected and qualified; 
• The approval, on a non-binding advisory basis, of the compensation of the Company's executive officers;
• The consideration, on a non-binding advisory basis, of the frequency on future advisory votes on executive compensation; and
• The ratification of the appointment of BDO China Shu Lun Pan Certified Public Accountants LLP as the Company's independent registered public accounting firm for the year ending December 31, 2020;

Only shareholders of record of the Company's ordinary shares at the close of business on November 9, 2020 will be entitled to receive notice of and attend the AGM and any adjournment or postponement thereof.

About Pingtan

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

CONTACT:
LiMing Yung (Michael)
Chief Financial Officer
Pingtan Marine Enterprise Ltd.
Tel: +86 591 87271753
michaelyung@ptmarine.net 

Maggie Li
Investor Relations Manager
Pingtan Marine Enterprise Ltd.
Tel: +86 591 8727 1753
mli@ptmarine.net

INVESTOR RELATIONS
PureRock Communications Limited
PTmarine@pure-rock.com 

 

View original content:http://www.prnewswire.com/news-releases/pingtan-marine-enterprise-to-hold-annual-general-meeting-of-members-on-december-23-2020-301187264.html

SOURCE Pingtan Marine Enterprise Ltd.

FAQ

When is Pingtan Marine Enterprise's AGM scheduled?

Pingtan Marine Enterprise's AGM is scheduled for December 23, 2020.

What proposals will be voted on at the PME AGM?

Key proposals include the election of a Class B director, advisory votes on executive compensation, and ratification of the independent accounting firm.

Who can attend Pingtan Marine Enterprise's AGM?

Only shareholders of record as of November 9, 2020, are entitled to attend the AGM.

Where will the PME AGM take place?

The AGM will be held at 18 Floor, Zhongshan Building A, No. 154 Hudong Road, Fuzhou, Fujian, China.