Summary of SUTOR TECHNOLOGY GROUP LTD

Item 2.02. Results of Operations and Financial Condition.

EXPLANATORY NOTE: This Form 8-K/A amends and restates in its entirety the Form 8-K filed by Sutor Technology Group Limited on November 14, 2008 (the "Initial Filing"). The sole purpose of this amendment is to correct certain typographical errors in exhibit 99.1 to the Initial Filing. The exhibit has been revised to make the following updates in the financial tables: (i) in the table, "SUTOR TECHNOLOGY GROUP LIMITED AND SUBSIDIARIES, CONSOLIDATED BALANCE SHEETS (unaudited)," the column headings should read "September 30, 2008" and "June 30, 2008" instead of "June 30, 2008" and "June 30, 2007," and (ii) in the table, "SUTOR TECHNOLOGY GROUP LIMITED AND SUBSIDIARIES, CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)," under "For the Three Months Ended," the column headings should read "September 30, 2008", and "September 30, 2007", instead of "September 30, 2007", and "September 30, 2006".

On November 13, 2008, Sutor Technology Group Limited, a Nevada Corporation (the "Company") issued a press release announcing its financial results for its first fiscal quarter ended September 30, 2008. A copy of the press release is hereby furnished as Exhibit 99.1 and is incorporated herein by reference.

The information contained in this Current Report on Form 8-K and the exhibit attached hereto shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall such information or such exhibits be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.