Sutor Technology Group Limited to Hold 2010 Annual Meeting of Shareholders

News provided by

Sutor Technology Group Limited

Apr 01, 2010, 09:00 ET

CHANGSHU, China, Apr. 1 /PRNewswire-Asia-FirstCall/ -- Sutor Technology Group Limited (the "Company", "Sutor") (Nasdaq: SUTR), a leading China-based manufacturer and distributor of high-end fine finished steel products and welded steel pipes used by a variety of down-stream applications, today announced that it will hold its annual meeting of shareholders at 9:00 AM (Beijing Time) on April 7, 2010 in Changshu, Jiangsu Province, China at the following address:

No.8 Huaye Road, Dongbang Industrial Park Changshu, China 215534

At the annual meeting of shareholders, the following proposals will be submitted for shareholders' approval:

    1) To elect five persons to the Board of Directors, each to serve until
       our next annual meeting of shareholders or until such person shall
       resign, be removed or otherwise leave office.
    2) To ratify the appointment of Hansen Barnett & Maxwell. P.C. Certified
       Public Accountants as our independent registered public accounting firm
       for the fiscal year ending June 30, 2010.
    3) To transact such other business as may properly come before the meeting
       or any adjournment thereof.

Shareholders of record at the close of business on February 10, 2010 are entitled to attend and vote on all matters that properly come before the meeting. Further information can be found in the company's proxy statement filed with the U.S. Securities and Exchange Commission on March 16, 2010.

About Sutor Technology Group Limited

Sutor (Nasdaq: SUTR) is one of the leading private manufacturers of fine finished steel products used by steel fabricators and other applications in China. Sutor utilizes a variety of processes and technologies to convert steel manufactured by third parties into fine finished steel products, including hot-dipped galvanized steel, pre-painted galvanized steel, acid-pickled steel, cold-rolled steel and welded steel pipe products. The company's diversified lines of products are extensively used for solar energy, household appliances, medical instruments, IT, building & construction, and automobiles. The company benefits directly from the increasing and sustainable demand for its products due to urbanization and industrial upgrading in China. To learn more about the Company, please visit http://www.sutorcn.com .

    For more information, please contact:

    Sutor Technology Group Limited
     Mr. Jason Wang
     Tel: +86-512-5268-0988
     Web: http://www.sutorcn.com

    ICR, Inc.
     Mr. Brian M. Prenoveau, CFA
     Tel: +1-203-682-8200

SOURCE Sutor Technology Group Limited

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