ZK International Group Co., Ltd. Resolves Nasdaq Bid Price Deficiency and Remains in Compliance with Nasdaq Listing Standards

Core Points - ZK International Group Co., Ltd. has successfully resolved the bid price deficiency concern raised by Nasdaq [1][2] - The company has regained compliance with the minimum bid price requirement, as confirmed by Nasdaq [2][3] - The closing bid price of the company exceeded US$1.00 for 10 consecutive business days, leading to the resolution of the matter [3] Company Overview - ZK International is a China-based engineering company focused on innovative technologies, holding 28 patents and 21 trademarks [5] - The core business involves engineering and manufacturing high-performance stainless steel and carbon steel pipe products for sustainable drinking water delivery [6] - The company has supplied stainless steel pipelines for over 2,000 projects, including significant venues for the 2008 Beijing Olympics [6] Market Opportunity - ZK International aims to capitalize on the Chinese Government's $850 billion commitment to improve water quality, addressing the issue of 70% of water being unfit for human contact [6]