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Sutor Technology Group Relocated Headquarters

May 24, 2011

CHANGSHU, China, May 24, 2011 /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 downstream applications, today announced it has relocated its headquarters from downtown Changshu to the suburban Southeast Economic Development Zone at the following address:


    NO.333 SOUTHEAST AVENUE
    SCIENCE & INNOVATION TOWER
    CHANGSHU, JIANGSU PROVINCE
    P. R. CHINA, 215500

The new office is located near the scenic lakeshore area in Changshu. The area is inside a national high-tech development zone and also houses a number of universities. The Company believes the relocation into the new office will help Sutor to recruit specialized talents and further enhance its R&D ability. Sutor purchased the office space to meet the growing corporate needs and anticipates cost savings in the long term. The new office houses Sutor’s administrative functions for R&D, finance, accounting, procurements, sales, customer services and others. With this move, Sutor completely revamped its offices in the last twelve months. Sutor currently has three regional offices in Changshu, Jiangsu province, Ningbo, Zhejiang province and Shanghai – some of the most prosperous regions in China.

About Sutor Technology Group Limited

Sutor (Nasdaq: SUTR) is a leading China-based manufacturer and distributor of high end fine finished steel products and welded steel pipes 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. These products are used for household appliances, solar waters heaters, automobiles, IT, construction, etc. To learn more about the Company, please visit http://www.sutorcn.com/en/index.php.


    For more information, please contact:
    Mr. Jason Wang, Director of IR
    Sutor Technology Group Limited
    Tel: +86-512-5268-0988
    Email: investor_relations@sutorcn.com

SOURCE Sutor Technology Group Limited


Source: newswire



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