8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 25, 2015

PINGTAN MARINE ENTERPRISE LTD.

(Exact name of registrant as specified in its charter)

Cayman Islands	001-35192	n/a
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer ID Number)

18/F, Zhongshan Building A No. 154 Hudong Road Fuzhou, PRC	350001
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: 86-10-6569-3988

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Item 7.01 Regulation FD Disclosure.

On March 25, 2015, Pingtan Marine Enterprise Ltd. (Nasdaq: PME) (the “Company”) issued a press release to announce that its fishing vessels operating within the Arafura Sea of Indonesia have been impacted due to a number of measures enacted by the Indonesia government to combat ongoing illegal fishing activities. The full text of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The information furnished under this Item 7.01 and in Exhibit 99.1 hereto, is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 8.01 Other Events.

See the disclosure in Item 7.01 above.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number	Description
99.1	Press Release dated March 25, 2015

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SIGNATURE

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereto duly authorized.

Dated:   March 26, 2015

Pingtan Marine Enterprise Ltd.
By:	/s/ Xinrong Zhuo
	Name: Xinrong Zhuo
	Title: Chief Executive Officer

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EX-99.1

Exhibit 99.1

 

pingtan marine enterprise Provides update of impact on operations from anti-illegal fishing measures from the indonesia government

FUZHOU, China, March 25, 2015 – Pingtan Marine Enterprise Ltd. (Nasdaq: PME), (“Pingtan,” or the “Company”) a global fishing company based in the People’s Republic of China (PRC), today announced that its fishing vessels operating within the Arafura Sea of Indonesia have been impacted due to a number of measures enacted by the Indonesia government to combat ongoing illegal fishing activities.

In early December 2014, Indonesia initially introduced a six-month moratorium on issuing new fishing licenses and renewals so that the country’s Ministry of Maritime Affairs and Fisheries (MMAF) could monitor the operations of existing fleets. The government has also announced it will revise its fisheries policy with all neighboring countries. As a result, all licensed fishing vessels, including the Company’s fishing vessels operating on the Arafura Sea of Indonesia, have been informed by the Indonesian government to only operate within strict guidelines in order to avoid potential enforcement actions by the Indonesian Navy such as boat seizures.

Pingtan has been operating in full cooperation and compliance with the Indonesia government’s guidelines, and the Company’s recent production has been impacted by these limitations.

Mr. Xinrong Zhuo, Chairman and CEO of the Company, commented, “We understand the Indonesian government has to take measures to protect its natural resources by severely punishing illegal fishing activities. We believe all fully licensed fishing companies like Pingtan should actively cooperate with the Indonesia Navy to accelerate the elimination of illegal fishing vessels from the Arafura Sea. The Chinese government is negotiating with the Indonesian government along with other countries multi-party negotiation.  The Indonesian President is scheduled to visit China this month, and we intend to be proactive in explaining our position as a properly operating and licensed entity. Ultimately, we believe that the long-term effects of this decision by the Indonesia government will be beneficial to companies such as Pingtan, which has a history of strong, sustainable operations.”

About Pingtan Marine

Pingtan is a global fishing company, engaging in ocean fishing through its wholly-owned subsidiary, Fujian Provincial Pingtan County Ocean Fishing Group Co., Ltd., or Pingtan Fishing. Pingtan Fishing primarily engages in ocean fishing with many of its self-owned vessels operating within the Indian Exclusive Economic Zone and the Arafura Sea of Indonesia. Pingtan Fishing is a growing fishing company and provider of high quality seafood in the PRC.

 Business Risks and Forward-Looking Statements

This press release may contain forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Readers are cautioned that actual results could differ materially from those expressed in any forward-looking statements. In addition, please refer to the risk factors contained in Pingtan's SEC filings available at www.sec.gov, including Pingtan's most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Definitive Proxy Statement. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. Pingtan undertakes no obligation to update or revise any forward-looking statements for any reason.

Contact:

Roy Yu

Chief Financial Officer

Pingtan Marine Enterprise Ltd.

Tel: +86 591 87271753

ryu@ptmarine.net

INVESTOR RELATIONS:

The Equity Group Inc.

Katherine Yao, Associate

86 10 6587 6435

kyao@equityny.com