Huadi Worldwide Group Co., Ltd. Awarded $1.6 Million Stainless Metal Seamless Pipe Order Contracts Nasdaq:HUDI

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Wenzhou, China, March 17, 2021 (GLOBE NEWSWIRE) – Huadi International Group Co., Ltd. (“HUDI” or the “Company”) (NASDAQ: HUDI), a leading designer and manufacturer of seamless stainless steel industrial tubes and tube products in China, today announced that it recently received $ 10.2 million in seamless stainless steel tube orders . Received RMB (approximately US $ 1.6 million) after winning a mining project in Gansu Province, China.

HUDI will supply seamless stainless steel tubing valued at RMB 10.2 million for a mining project operated by a leading Chinese state power company. The pipes are used for the transfer of fluid substances and for ventilation-related functions.

Mr. Di Wang, Chairman of the Company, commented, “Our proposal for the project is a manifesto of the quality of our pipe products and our reputable technical team. HUDI strives to continuously drive product innovations and strive for the highest quality standard in the industry. We are confident that this partnership with an industry leader in China will only be a stepping stone as we reach and expand our customer base to reach more and more leading chemical and industrial companies in China and worldwide. “

About Huadi International Group Co., Ltd.

Huadi International Group Co., Ltd. is a leading manufacturer of seamless industrial stainless steel tubes and tubes with extensive sales facilities and a network covering over twenty provinces in China as well as a large presence in the international steel tube industry. It offers a wide range of products that are exported to twenty countries and regions such as the United States, Mexico, Thailand, Australia, Argentina, Taiwan, India, the Philippines, the United Arab Emirates, and Canada. Its products are widely used in oil and gas transmission, chemical engineering, food processing, medical equipment, aerospace, boiler, irrigation, electricity, automotive, marine architecture, paper mill and engineering industry. Further information on the company can be found at: http://www.huadi.cc.

Forward-looking statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about plans, goals, objectives, strategies, future events or performance, and underlying assumptions and other statements that are not statements of historical fact. When the company uses words such as “may”, “will”, “intends”, “should”, “believes”, “expects”, “anticipates”, “projects”, “estimates” or similar expressions that are not limited to Relating to historical topics counts, it makes forward-looking statements. In particular, the company’s statements regarding trading on the NASDAQ Capital Market and the completion of the IPO are forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from the company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to: the company’s goals and strategies; the future business development of the company; Financial position and earnings position; Demand and acceptance of products and services; Reputation and brand; the effects of competition and pricing; Changes in technology; state restrictions; Fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing and other risks contained in reports the company has filed with the SEC. For these reasons, among others, it is recommended that investors not place undue reliance on any forward-looking statements contained in this press release. Additional factors are discussed in the company’s filings with the SEC, which can be found at www.sec.gov. The company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that occur after the date of this document.

For more information, please contact:

The Company:

IR department

Email: IR@huadigroup.com

Investor Relations:

Dong Cao, CFA

EverGreen Consulting Inc.

Email: IR@changqingconsulting.com

Phone: +86 13502048965