Zhonglu Ocean Fisheries to implement valuation boost plan

Shandong Zhonglu Oceanic Fisheries Co., Ltd. (SZSE:200992) has announced a comprehensive valuation enhancement plan for 2025, following a prolonged period where its stock price has remained below its net asset value per share. As of December 31, 2024, the company's stock price has been below both the 2022 (RMB 3.71) and 2023 (RMB 3.87) audited net asset values for a consecutive 12-month period, triggering the need for a valuation boost strategy. The plan includes focusing on core business operations, improving the company's public image, strengthening information disclosure, increasing shareholder returns, seeking restructuring opportunities, and establishing long-term incentive mechanisms. While the plan is an initiative and not a guarantee of specific outcomes, it aims to improve investor confidence and the company's overall market standing through strategic operational and financial improvements. The company will conduct annual evaluations of the plan's effectiveness and provide detailed explanations in its annual performance briefings, if appropriate.