Sutor Technology Group Limited Enters into International Sales Agency Agreements to Supply Coated Steel Sheets

    Sutor Technology Group Limited Enters into International Sales Agency
                   Agreements to Supply Coated Steel Sheets

PR Newswire

CHANGSHU, China, Feb. 20, 2014

CHANGSHU, China, Feb. 20, 2014 /PRNewswire-FirstCall/ -- Sutor Technology
Group Limited (the "Company" or "Sutor") (Nasdaq: SUTR), a leading China-based
manufacturer and distributor of high-end fine finished steel products used by
a variety of downstream applications, today announced that Changshu Huaye
Steel Strip Co., Ltd., a subsidiary of Sutor, has entered into two
international sales agency agreements with two sales agencies located in the
Middle East market (covering Jordan and Iraq) and South American market
(targeting Chile and Bolivia) to supply a total of 15,000 metric tons of
coated steel coils annually. According to the agreements, the contracts are
valued between approximately $10 million and $12 million subject to the
products to be ordered.

Mr. Zhuo Wang, CEO of Sutor commented, "Both clients have been our loyal
customers for more than three years. They have increased their purchase volume
lately, which demonstrates our strong brand recognition and company reputation
in these markets. For the last several years, our products have been exported
to more than 30 countries and international sales usually enjoy higher gross
margins than domestic ones. We will continue to strengthen our global presence
by providing high-quality and diverse product offerings as well as expanding
our distribution engagements with overseas sales agencies."

About Sutor Technology Group Limited

Sutor is one of the leading China-based manufacturers and distributors of
high-end fine finished steel products used by a variety of downstream
applications. The Company utilizes a variety of in-house developed processes
and technologies to convert steel manufactured by third parties into fine
finished steel products, including hot-dip galvanized steel, pre-painted
galvanized steel, acid-pickled steel, cold-rolled steel and welded steel pipe
products. To learn more about the Company, please visit
http://www.sutorcn.com/en/index.php.

Forward-Looking Statements

This press release includes certain statements that are not descriptions of
historical facts, but are forward-looking statements in nature within the
meaning of the Private Securities Litigation Reform Act of 1995. Such
statements include, among others, those concerning our expected financial
performance, liquidity and strategic and operational plans, our future
operating results, our expectations regarding the market for our products, our
expectations regarding the steel market, as well as all assumptions,
expectations, predictions, intentions or beliefs about future events. You are
cautioned that any such forward-looking statements are not guarantees of
future performance and that a number of risks and uncertainties could cause
our actual results to differ materially from those anticipated, expressed or
implied in the forward-looking statements. These risks and uncertainties
include, but not limited to, the factors mentioned in the "Risk Factors"
section of our Annual Report on Form 10-K for the year ended June 30, 2013,
and other risks mentioned in our other reports filed with the Securities
Exchange Commission ("SEC"). Copies of filings made with the SEC are available
through the SEC's electronic data gathering analysis retrieval system (EDGAR)
at http://www.sec.gov. The words "believe," "expect," "anticipate,""project,"
"targets," "optimistic," "intend,""aim," "will" or similar expressions are
intended to identify forward-looking statements. All statements other than
statements of historical fact are statements that could be deemed
forward-looking statements. The Company assumes no obligation and does not
intend to update any forward-looking statements, except as required by law.

For more information, please contact:

Investor Relations
Sutor Technology Group Limited
Tel: +86-512-5268-0988
Email: investor_relations@sutorcn.com 

SOURCE Sutor Technology Group Limited

Website: http://www.sutorcn.com/en/index.php
 
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