Pingtan Marine Enterprise Ltd. announced that the Company has entered into a strategic cooperation framework agreement with China Co-op (Hainan) Industry Development Co., Ltd. for the two companies to work together as part of Pingtan's intention to develop into a seller of fish products directly to end markets. As part of this Agreement, the two companies will jointly construct a fish processing plant and Pingtan's fishing products will then be sold to China Co-op's numerous supermarket locations across China.