Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing
Rule or Standard; Transfer of Listing.
On August 8, 2014, Sutor Technology Group Limited (the "Company") received
notice from the Listing Qualifications Department of The NASDAQ Stock Market
indicating that, for the last 30 consecutive business days, the bid price for
the Company's common stock had closed below the minimum $1.00 per share required
for continued inclusion on The NASDAQ Capital Market under the NASDAQ Listing
Rule 5550(a)(2). The notification letter states that the Company will be
afforded 180 calendar days, or until February 4, 2015, to regain compliance with
the minimum bid price requirement. In order to regain compliance, shares of the
Company's common stock must maintain a minimum closing bid price of at least
$1.00 per share for a minimum of ten consecutive business days. The Company
intends to actively monitor the bid price for its common stock between now and
February 4, 2015, and will consider all available options to resolve the
deficiency and regain compliance with the NASDAQ minimum bid price requirement.
On August 12, 2014, the Company issued a press release announcing the receipt of
the notice from NASDAQ. A copy of the press release is attached hereto as
Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
99.1 Press release dated August 12, 2014.