CLEANTECH SOLUTIONS INTERNATIONAL, INC. (NASDAQ:CLNT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02Departure of Directors of Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
On June 3, 2017, the board of directors (the
Board) of Cleantech Solutions International,
Inc. (the Company) approved the appointment of
Parkson Yip as Chief Operating Officer of the Company, effective
immediately.
Parkson Yip is a seasoned executive with over 20 years of
industry experience. Prior to joining the Company, Mr. Yip served
as Co-Chairman and Executive Director of Share Economy Group from
November 2016 to April 2017 where he managed business development
and merger and acquisition (MA) activities of
the company. Prior to Share Economy Group, Mr. Yip served as
Managing Director of ECrent Worldwide Company Limited from
December 2014 to November 2016 where he managed online platform
developments, business developments and MA activities. From
December 2005 to January 2014, Mr. Yip served as Managing
Director of 88DB Hong Kong Limited where he managed worldwide
operations of the companys online platforms, including product
development, strategic partnership and marketing strategies. Mr.
Yip also served as Chief Technology Officer of Guangzhou Ruixin
Technology from December 2002 to November 2005. Prior to becoming
a corporate executive, Mr. Yip worked as a software engineer at
GeoTel Communications Corporation and Lotus Development. He has
also served as a director of ECrent (America) Company Limited
since August 2016. Mr. Yip holds a Bachelors degree in Computer
Engineering from Boston University.
No family relationships exist between Mr. Yip and any of the
Company’s other directors or executive officers. There are no
arrangements between Mr. Yip and any other person to which Mr.
Yip was appointed as an officer of the Company. There are no
transactions to which the Company is or was a participant and in
which Mr. Yip has a material interest subject to disclosure under
Item 404(a) of Regulation S-K.
A copy of the Press Release announcing Mr. Yips appointment is
attached hereto as Exhibit 99.1.
Item 9.01.Financial Statements and Exhibits.
(d)Exhibits
| ExhibitNo. | Description | |
| 99.1 | Press Release, dated June 7, 2017 |
About CLEANTECH SOLUTIONS INTERNATIONAL, INC. (NASDAQ:CLNT)
Cleantech Solutions International, Inc., through its subsidiaries, manufactures and sells textile dyeing and finishing machines and sells forged products and fabricated products to a range of clean technology customers, including high precision forged rolled rings and related components for the wind power industry and other industries. The Company operates through three segments: dyeing and finishing equipment segment, forged rolled rings and related components segment, and petroleum and chemical equipment segment. Through its dyeing and finishing equipment segment, the Company designs, manufactures and distributes a line of high and low temperature dyeing and finishing machinery to the textile industry. Through its petroleum and chemical equipment segment, the Company produces and sells coal chemical equipment, formaldehyde plant and downstream products, a range of heat exchangers, separators, tanks, towers, reaction kettles and other products to petroleum and chemical industries.
