ZK International Group Co., Ltd. Successfully Secures $5 Million Financing Deal

ZK International Group Co., Ltd., a prominent provider of advanced steel products, recently announced the successful closure of a $5 million financing agreement. This financing deal included an additional investment of $1.5 million, calculated at a 165% premium, demonstrating CF Opportunity Fund's strong dedication to ZK's growth trajectory. The agreement, outlined in a Securities Purchase Agreement dated November 27, 2023, involved the issuance and sale of 3,154,885 ordinary shares of the company at a price of $1.59 per share, totaling $5 million in the Private Placement. The completion of this transaction on April 29, 2024, marks a significant milestone for ZK International Group Co., Ltd. as it looks to utilize the net proceeds for working capital and general corporate purposes to further enhance its strategic initiatives and operational capabilities. Jiancong Huang, Chairman and CEO of ZK International, expressed his satisfaction with the financing transaction, highlighting the confidence of investors in the company's business strategy and growth prospects. ZK International Group Co., Ltd. remains steadfast in its commitment to executing its growth plans and delivering sustainable value to its stakeholders. With a focus on engineering and investing in innovative technologies for the modern world, ZKIN holds 28 patents, 21 trademarks, 2 Technical Achievement Awards, and 10 National and Industry Standard Awards. The company's core business revolves around engineering and manufacturing patented high-performance stainless steel and carbon steel pipe products that deliver high-quality, sustainable, and environmentally sound drinkable water to markets in China, Asia, and Europe. ZK International is certified in Quality Management Systems (ISO9001), Environmental Management Systems (ISO1401), and holds a National Industrial Stainless Steel Production License. Having supplied stainless steel pipelines for over 2,000 projects, including notable venues like the Beijing National Airport, the "Water Cube," and the "Bird's Nest" from the 2008 Beijing Olympics, ZK International is well-positioned to capitalize on the Chinese government's $850 billion commitment to improving water quality. The company's forward-looking statements, as outlined in the news release, emphasize its commitment to driving long-term value creation for shareholders while acknowledging the inherent risks and uncertainties in the industry. ZK International Group Co., Ltd. does not undertake any obligation to revise its forward-looking statements but remains focused on achieving its objectives and plans. For more information, visit www.ZKInternationalGroup.com and follow the company on social media platforms like Twitter, Facebook, YouTube, and Weibo.