Sutor's Subsidiary Was Honored as an Environmental Protection Model Enterprise

CHANGSHU, China, Oct. 29, 2014 /PRNewswire-FirstCall/ -- Sutor Technology Group Limited (the "Company" or "Sutor") (Nasdaq: SUTR), a leading provider of fine finished steel products and services used by steel fabricators and other applications in a variety of industries, today announced that Changshu Huaye Steel Strip Co., Ltd ("Changshu Huaye"), a subsidiary of Sutor Technology Group ("Sutor" or "the Company"), was recently honored as a model enterprise for sustainable development and energy conservation by the government of Changshu City. The energy audit and energy conservation plan proposed by Changshu Huaye was recognized by the local government.

At the end of last year, Changshu Huaye carried out energy saving audit work according to the procedures designed by the local government.  The purpose was to achieve low carbon emission and promote energy conservation. With active cooperation among all divisions, the energy saving audit work was completed smoothly. Changshu Huaye proposed a feasible energy conservation implementation plan to improve energy savings covering better technology, processes, design and materials.

The successful completion of the energy saving audit work and energy conservation plan for the Twelve-five Year Plan period demonstrated that Sutor had made another progress in becoming an environmentally friendly company. As a three-star energy saving enterprise, Sutor answers the call of the Chinese government for energy conservation and environment protection and makes necessary investment in this regard. The government has recognized the Company's efforts and awarded Sutor the titles of Environmental Protection High-tech Enterprise and Jiangsu Famous Brand.

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. 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 fiscal year ended June 30, 2013, and other risks mentioned in our other reports filed with the Securities and 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: [email protected]

SOURCE Sutor Technology Group Limited

Related Links

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

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