UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported):
March 2, 2016
SUTOR
TECHNOLOGY GROUP LIMITED
(Exact name
of registrant as specified in its charter)
Nevada |
001-33959 |
87-0578370 |
|
|
|
(State of Incorporation) |
(Commission File No.) |
(IRS Employer ID No.) |
No. 8, Huaye Road
Dongbang Industrial Park
Changshu, China 215534
(Address of Principal Executive Offices)
(86) 512-52680988
Registrant’s Telephone Number, Including
Area Code:
(Former name or former address, if changed
since last report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
| ¨ | Written communications pursuant to Rule 425 under the
Securities Act (17 CFR.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 3.01 Notice of Delisting or
Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On February 25, 2016, Sutor Technology
Group Limited (the “Company”) received a written notice from the Listing Qualifications department of the Nasdaq Stock
Market ("Nasdaq Staff") indicating that the Company is not in compliance with the Nasdaq’s filing requirements
for continued inclusion set forth in Listing Rule 5250(c)(1) (the “Rule”) because the Company had not filed its Form
10-K for the period ended June 30, 2015 and Forms 10-Q for the periods ended September 30, 2015 and December 31, 2015.
Unless the Company requests an appeal of
this determination to a Hearings Panel, trading of the Company's common stock will be suspended at the opening of business on March
7, 2016, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company’s securities
from listing and registration on The Nasdaq Stock Market. Following the suspension of trading on Nasdaq, the Company’s securities
may be eligible to continue to be quoted on the OTC Bulletin Board or in the “Pink Sheets.”
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit |
Description |
99.1 |
Press release dated March 2, 2016. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Sutor Technology Group Limited
Date: March 2, 2016
/s/ Lifang Chen
Chief Executive Officer
EXHIBIT INDEX
Exhibit |
Description |
99.1 |
Press release dated March 2, 2016. |
Exhibit 99.1
Sutor Technology Group Limited Receives
Nasdaq Notice of Noncompliance with Listing Rules
CHANGSHU, China, March 2, 2016 -- Sutor
Technology Group Limited (the "Company" or "Sutor") (Nasdaq: TOR), one of the leading China-based manufacturers
and customized service providers for fine finished steel products used by a variety of downstream applications, today announced
that, on February 25, 2016, it received a written notice from the Listing Qualifications department of the Nasdaq Stock Market
(“Nasdaq Staff”) indicating that the Company is not in compliance with the Nasdaq’s filing requirements for continued
inclusion set forth in Listing Rule 5250(c)(1) (the "Rule") because it had not filed its Form 10-K for the period ended
June 30, 2015, and Forms 10-Q for the periods ended September 30, 2015 and December 31, 2015.
Unless the Company requests an appeal of
this determination to a Hearings Panel, trading of the Company’s common stock will be suspended at the opening of business
on March 7, 2016, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company’s
securities from listing and registration on The Nasdaq Stock Market. Following the suspension of trading on Nasdaq, the Company’s
securities may be eligible to continue to be quoted on the OTC Bulletin Board or in the “Pink Sheets”.
About Sutor Technology Group Ltd
Sutor is one of the leading China-based
manufacturers and customized service providers for 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. The Company also provides fee-based steel processing services to customers,
including industrial peers. 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, 2014, 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
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