On December 14, 2012, Mr. Yongfei Jiang resigned as the Chief Financial Officer, Treasurer and Secretary of Sutor Technology Group Limited (the "Company"), effective immediately. Mr. Jiang's resignation was due to personal reasons and was not a result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. Mr. Jiang will continue to serve as the Company's director. On the same date, the Board of Directors of the Company appointed Mr. Naijing Zhou as the Company's Chief Financial Officer, effective immediately.

Mr. Zhou has been the Company's Vice President of Finance since February 1, 2010. Before that, Mr. Zhou served as Executive Vice President and Chief Financial Officer at Rich Fields Investment, Ltd., a private equity investment firm since 2008. From April 2007 to July 2008, Mr. Zhou worked as international research analyst at Roth Capital Partners, a full service U.S. banking firm. Before joining Roth Capital, Mr. Zhou worked for seven years as principal financial planner and principal financial analyst at American Electric Power, where he was responsible for strategic planning, financial planning and analysis, and corporate development. Prior to that, he worked for the Wing Group as financial analyst and U.S. Global Investors as senior research analyst and co-managed mutual fund investments. Mr. Zhou received both a Ph.D. in Energy and Mineral Resources and an MBA degree from the University of Texas at Austin, and a B.Sc. in Petroleum Engineering from China Petroleum University. He also holds the Chartered Financial Analyst (CFA) designation.

On December 14, 2012, the Company and its subsidiary, Sutor Steel Technology Co., Ltd. entered into an employment agreement with Mr. Zhou, under which Mr. Zhou will receive an annual salary of RMB 696,000 (approximately $111,360). In addition, the Company granted Mr. Zhou 50,000 restricted shares of the Company's common stock under the Company's 2009 Equity Incentive Plan, which shares will vest on the first anniversary of the grant date. The term of the Employment Agreement is for one year, which will be renewed automatically when it expires unless the employment is terminated by the parties. Mr. Zhou's employment with the Company is at-will and can be terminated by either party at any time with or without cause, and with or without notice.

The foregoing description does not purport to be a complete statement of the parties' rights and obligations under the Employment Agreement and is qualified in its entirety by reference to the provisions of such agreement attached to this report as Exhibit 10.1.

There is no family relationship exists between Mr. Zhou and any directors or executive officers of the Company. In addition, there has been no transaction, no is there any currently proposed transaction between Mr. Zhou and the Company that would require disclosure under Item 404(a) of Regulation S-K.

A copy of a December 17, 2012 press release announcing Mr. Zhou's appointment as Chief Financial Officer of the Company is attached hereto as Exhibit 99.1.

On December 14, 2012, the Company also appointed Mr. Zhuo Wang, the current Director of Investor Relations of the Company, as its Treasurer and Secretary.

(d) Exhibits

Exhibit     Description

10.1        Employment Agreement, dated December 14, 2012, by and among the
            Company, Sutor Steel Technology Co., Ltd. and Naijing Zhou.
99.1        Press Release, dated December 17, 2012