Item 3.01    Notice of Delisting or Failure to Satisfy a Continued Listing Rule
               or Standard; Transfer of Listing.

On June 30, 2021, Pingtan Marine Enterprise Ltd. (the "Company") received a letter (the "Notice") from the Listing Qualifications Department of the NASDAQ Stock Market LLC ("Nasdaq") notifying the Company that the bid price for the Company's ordinary shares (the "Ordinary Shares") for the last 30 consecutive business days had closed below the minimum $1.00 per share required for continued listing under Nasdaq Listing Rule 5550(a)(2). The Notice has no immediate effect on the listing of the Ordinary Shares, and they will continue to trade on the Nasdaq Capital Market under the symbol "PME."

The Company has a 180-calendar day period, or until December 27, 2021, to regain compliance, which is 180 calendar days from June 30, 2021 (the "Compliance Period").

To regain compliance, the closing bid price of the Ordinary Shares must be at least $1.00 per share for a minimum of 10 consecutive days prior to the expiration of the Compliance Period, and in such case, Nasdaq will provide the Company with written confirmation of compliance. If the Company does not regain compliance prior to the expiration of the Compliance Period, the Company may be eligible for a second 180 day compliance period, provided that, on such date, the Company meets the continued listing requirement for market value of publicly held shares and all other applicable initial listing requirements for the Nasdaq Capital Market (other than the minimum closing bid price requirement) and the Company provides written notice to Nasdaq of its intention to cure the deficiency and plans for curing the deficiency during the second compliance period.

The Company intends to take all reasonable measures available to the Company to regain compliance under the Nasdaq Listing Rules and to maintain the listing of its Ordinary Shares on the Nasdaq Capital Market. However, there can be no assurance that the Company will be able to regain compliance or that Nasdaq will grant the Company a further extension of time to regain compliance, if necessary.





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