Amco Metals 8-K Shows Co. Terminated Henan Amco & Metawise Trading Operations, Mergers Amco Renewable Metals With Amco Hldings On Nov 30

Armco Metals Holdings, Inc. ("Armco Metals " or the "Company") (NYSE MKT:

), a distributor of imported metal ores, wood, and barley, and a steel recycler in China, today announced that on November 30, 2015 the Company terminated the operation of its subsidiary Henan Armco & Metawise Trading Co., Ltd. ("Henan Armco") and merged its subsidiary Armco (Lianyungang) Renewable Metals, Inc. ("Renewable Metals") with subsidiary Armco (Lianyungang) Holdings, Inc. ("Lianyungang Armco") on November 30, 2015. The purpose of the corporate restructure is to reduce operating costs, increase efficiency of working capital usage, and improve the effectiveness of the Company's overall operation and management. The business of Henan Armco has been transitioned to Company's subsidiary Armco Metals (Shanghai) Holding, Ltd. ("Shanghai Armco"), while Renewable Metals' personnel and business are being consolidated into Lianyungang Armco. With the corporate restructure, the Company decreases its wholly-owned operating subsidiaries in China to three entities from the prior five entities while keeping its business model and scale intact. Commenting on the restructure, Kexuan Yao, Chairman and CEO of Armco Metals , stated, "Armco Metals has witnessed and experienced the significant changes in the industry and market and is on the endeavor to make business transition in respond to the market changes and emerging business opportunities. The corporate restructure is also one of our efforts and steps of executing our business transition which will enable us better reposition and adapt to our platform business strategy development, in additional to the enhancement of the synergy, efficiency and effectiveness of the Company's overall operation and management."