ZK International Group receives Nasdaq delisting notice, to request hearing

ZK International Group announced that on October 10, the company received notice from the Listing Qualifications Department of The Nasdaq Stock Market that, based upon the company’s non-compliance with the $1.00 bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) as of October 10, the company’s securities were subject to delisting unless the company timely requests a hearing before the Nasdaq Hearings Panel. The company plans to timely request a hearing before the Panel, which request will stay any further action by Nasdaq and will allow the company’s ordinary shares to continue to trade on Nasdaq under the symbol “ZKIN” at least pending the issuance of the Panel’s decision and the expiration of any extension the Panel may grant to the company following the hearing.