ZK International Group Co., Ltd. And The CF Opportunity Fund Closes $5M Financing Priced At $1.59 Per Share

ZK International Group Co., Ltd. (NASDAQ:ZKIN) ("ZKIN," "ZK International" or the "Company"), a leading provider of advanced steel products, is pleased to announce the successful closing of its previously announced $5 million financing.

The additional investment of US$1.5 million, was calculated at 165% premium, thus reinforces CF Opportunity Fund's dedication to ZK and its confidence in the Company's capacity for growth. As previously disclosed in the report of foreign private issuer on Form 6-K filed with the Securities and Exchange Commission (the "Commission") on December 1, 2023, the Company, entered into a Securities Purchase Agreement, dated November 27, 2023 (the "Purchase Agreement"), with CF Opportunity Fund (the "Investor"). Pursuant to the Purchase Agreement, the Investor purchased and the Company issued and sold 3,154,885 ordinary shares of the Company, of no par value (the "Shares"), at an aggregate purchase price of $5 million (the "Private Placement").

On April 29, 2024, the Company successfully issued the Shares, marking the closure of the Private Placement. The Company intends to utilize the net proceeds from the Private Placement for working capital and general corporate purposes, further bolstering its strategic initiatives and operational capabilities.

The Private Placement was exempted from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act") pursuant to Regulation S under the Securities Act.

Jiancong Huang, Chairman and CEO of ZK International, commented, "We are pleased to have completed this financing transaction, which demonstrates the confidence of investors in our business strategy and growth prospects. The additional capital will enhance our financial flexibility and support our ongoing efforts to drive long-term value creation for our shareholders."

ZK International Group Co., Ltd. remains committed to executing its growth plans and delivering sustainable value to its stakeholders.

For more information please visit www.ZKInternationalGroup.com. Additionally, please follow the Company on Twitter, Facebook, YouTube, and Weibo. For further information on the Company's SEC filings please visit www.sec.gov.