Shares of Sutor Tech Edge Higher Following Earlier Update on B2B Trading Platform

Sutor Technology Group Limited (the "Company" or "Sutor") SUTR, a leading China-based non-state owned manufacturer and distributor of high-end fine finished steel products and welded steel pipes used by a variety of downstream applications, today announced that it has made significant progress on developing B2B Internet Trading Platform. Since the business operations commenced in May 2013, Jinying365.com, the B2B Internet Trading Platform established exclusively for the heavy industries, has been successful in its market penetration in China. After one years' endeavor, the platform now has more than 80,000 registered users, approximately 500,000 products for sale and 500 transactions daily. It has recently added on average approximately 10,000 new users each month. The stock is up nearly 4 percent to around $1.81.