Pingtan Maritime Organization to Enter Dwell Boardcast E-Commerce

FUZHOU, China, Feb. 4, 2021 /PRNewswire/ — Pingtan Maritime Business Ltd. (NASDAQ: PME) (“Pingtan” or the “Corporation”), a fishing business based in the People’s Republic of China, nowadays declared it has signed a Cooperation Settlement (the “Arrangement”) with Scienjoy Holding Company (“Scienjoy”) (NASDAQ: SJ), and Hangzhou Liyumen Engineering Progress Minimal (“Liyumen”), for strategic cooperation in the discipline of live broadcast e-commerce, and jointly to build a pelagic aquatic reside broadcast brand name.

Pursuant to the Agreement, the three functions will jointly formulate the details of pelagic aquatic reside broadcast relevant business cooperation, such as product criteria, rate techniques and brand name operations alongside with other areas.

In recent a long time, stay broadcast e-commerce and multi-channel network (MCN) have created speedily in China. Stay broadcast e-commerce has been further developed particularly immediately after the COVID-19 pandemic, and the enterprise product is properly recognized. The industry predicts that the scale of China’s dwell broadcast e-commerce gross merchandise value (GMV) will exceed RMB 1.2 trillion (US$185 billion) in 2021.

Scienjoy is a foremost provider in the subject of live online video streaming broadcast in China. In addition to operating its have many are living streaming platforms, Scienjoy provides complex infrastructure to allow stay broadcast organizations, on-line users, and viewers to communicate with just about every other. Liyumen has abundant experience in dwell broadcast e-commerce operations and MCN anchor coaching expertise. As a result of this strategic cooperation, Scienjoy and Liyumen will assist Pingtan to start out are living broadcast marketing and advertising of Pingtan’s pelagic aquatic products and solutions in Tik Tok, SnackVideo, Tmall, Taobao, JD, and WeChat Movie Account, and in Scienjoy’s individual are living broadcast platforms and personal targeted traffic e-commerce fields and to provide market place evaluation, channels and specialized assistance.

Mr. Xinrong Zhuo, Chairman and CEO of the Firm, commented: “In the very last 7 days, we have signed a strategic cooperation framework agreement with Earth Telecom Satellite Technological know-how Restricted and Wuhan Incar Know-how Confined to produce the superior-velocity knowledge conversation system, PME-Reside, for pelagic fishing vessels dependent on the integration of satellite and 5G systems, and to set up and deploy our offer chain system, PME-Observe, centered on blockchain know-how.

We consider that once we finish these technology platforms, Pingtan will grow to be the initial fishery corporation in China to interact in the dwell broadcast e-commerce for pelagic aquatic goods, which will be a wonderful end result from the cooperation with Scienjoy and Liyumen, as this cooperation will tremendously strengthen our position in stay broadcast e-commerce.

As a large-high-quality written content for livestreaming, our pelagic aquatic solutions will be broadcasted by the professional MCN corporation through highly developed communication engineering and live broadcast platforms and will give viewers and individuals with high diploma of visual and flavor gratification. We count on the enhancement of the vertical e-commerce small business will convey Pingtan’s working overall performance to a larger level, and we are really significantly searching forward to the foreseeable future.”

About Scienjoy

Established in 2011, Scienjoy is a top cell live streaming system in China, and its core mission is to create a stay streaming provider matrix that delivers nice working experience to end users. With extra than 243 million registered consumers, Scienjoy presently operates 4 brand names of stay streaming platforms, consisting of: Showself, Lehai, Haixiu, and BeeLive (such as Mifeng, BeeLive Chinese edition, and BeeLive Intercontinental for worldwide markets). Scienjoy adopts multi-platform procedure techniques and is fully commited to supplying high quality and worth-additional providers for customers with progressive pondering. Centered on the in-depth knowing of and exploration on the live streaming sector and person actions, Scienjoy is devoted to building a 2nd everyday living environment in which the digital environment and the fact are integrated in the are living streaming state of affairs, to deeply integrating the business by way of diversified live broadcasting scenarios, and to empowering the business by building a written content-prosperous and lively Live Streaming Whole Ecosystem. http://www.scienjoy.com/

About Liyumen

Liyumen is an emerging systems and programs business partaking in livestreaming E-Commerce and World-wide-web data companies.

About Pingtan

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

Small business Hazards and Ahead-Hunting Statements

This press launch is made up of forward-seeking statements that are subject matter to the harmless harbors made underneath the Securities Act of 1933 and the Securities Trade Act of 1934, as amended. Text such as “estimate,” “job,” “forecast,” “strategy,” “believe that,” “might,” “expect,” “anticipate,” “intend,” “prepared,” “possible,” “can,” “expectation” and similar expressions, or the unfavorable of people expressions, may perhaps establish forward-searching statements. Despite the fact that ahead-wanting statements reflect the fantastic religion judgment of our management, these kinds of statements can only be centered on information and variables at this time recognized by us. Consequently, ahead-wanting statements are inherently topic to hazards and uncertainties and precise success and results might vary materially from the success and outcomes talked over in or predicted by the ahead-wanting statements, which includes common financial and industry ailments and other hazard aspects contained in Pingtan’s SEC filings available at www.sec.gov, such as Pingtan’s most recent Annual Report on Kind 10-K and Quarterly Studies on Sort 10-Q. Readers are cautioned not to place undue reliance on any ahead-looking statements, which speak only as of the date on which they are produced. Pingtan undertakes no obligation to update or revise any forward-searching statements for any motive, apart from as necessary by legislation.

Call:
LiMing Yung (Michael)
Chief Money Officer
Pingtan Maritime Enterprise Ltd.
Tel: +86 591 87271753
[email protected]

Maggie Li
Investor Relations Supervisor
Pingtan Marine Business Ltd.
Tel: +86 591 8727 1753
[email protected]

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