Shandong Modern Fisheries Corporation (hereafter called SDMF), a wholly-owned subsidiary of Shandong Marine Group Ltd., was established in November 2018 in Yantai, with a registered capital of RMB 500 million.

SDMF centers on carrying out three National Strategies which are replacement of old growth drivers by new ones, rural revitalization strategy and building of a strong marine province, and gives priority to development of relevant industries such as modern marine fisheries, deep-sea marine culture, cold-chain logistics, international aquatic product trade, deep-sea fishing, scientific research and development and recreational fishing. The Corporation strives to build a demonstration area of modern marine fisheries, fosters a leading demonstration base for research and development of fry breeding and fish culture technologies, improves the online and offline marketing platforms and sales networks of international aquatic product trade, builds an efficient cold-chain logistics and distribution system and creates a coordinated industrial chain development model.

SDMF takes scientific research and innovation as the development engine and regards resource integration as the development means. Through the asset-light strategy, the SDMF expands towards the industrial upstream and downstream on the basis of the complete industrial chain supply services which cover the breeding, recreational cultivation, cold-chain logistics and international trade of aquatic products. The Corporation strives to become a comprehensive modern marine fishery enterprise which has bright modern fishery characteristics, remarkable technological abilities and strong competitiveness.