ZK International Group announces 1-for-7 reverse split

ZK International Group (ZKIN)announces a 1-for-7 reverse split of its ordinary shares approved by the Company’s Board of Directors on January 14. Beginning on January 31 the Company’s ordinary shares will begin trading on the NASDAQ Stock Market on an adjusted basis, reflecting the reverse stock split, under the exiting symbol “ZKIN”. The new CUSIP number for the ordinary shares following the reverse stock split will be G9892K209. The reverse stock split is intended to increase the per share trading price of the Company’s ordinary shares to satisfy the $1.00 minimum bid price requirement for continued listing of the ordinary shares on the NASDAQ Stock Market. Following the reverse stock split, the Company’s 36,147,625 issued and outstanding shares of ordinary shares will amount to approximately 5,163,946 shares of ordinary shares issued and outstanding.