ZK International Chairman and CEO Converts Approximately $9.3 Million in Debt into Restricted Equity

ZKIN a designer, engineer, manufacturer, and supplier of patented high-performance stainless steel and carbon steel pipe products that require sophisticated water or gas pipeline systems, is pleased to announce that Mr. Jiancong Huang, Chief Executive Officer and Chairman of the Board, has agreed to reduce the debt of the Company by converting related party debt personally owed to him in exchange for 3,280,525 ordinary restricted shares under Rule 144 to settle RMB64,079,472 or approximately US$9,295,368 on August 15, 2018.