Pingtan Marine Enterprise Ltd. announced that the Argentina squid catches from 15 squid jigging vessels that the Company deployed in the fishing grounds located in the waters of the Southwest Atlantic Ocean have been transported back to Mawei Port in Fuzhou of China via refrigerated transport vessel. The transport vessel loaded with the catches entered the Chinese territorial waters in late August 2020 and started unloading early this morning. The total landing catches of Argentina squid is over 5,100 tons, valuing over $20 million based on current market price of about $4 per kg. The catches will be unloaded and delivered to the Company's warehouse in about a week.