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 OfficersItem 5.02 Departure of Directors of Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 20, 2017, Baowen Wang resigned as a director of the Company. Mr. Wang’s resignation did not result from a disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Mr. Wang was a member of the compensation committee and corporate governance/nominating committee of the board of directors.
On March 20, 2017, the corporate governance/ nominating committee recommended, and the board of directors approved, the appointment of Lau Ping Kee to fill the vacancy resulting from the resignation of Mr. Wang. Mr. Lau was also appointed to the compensation committee and corporate governance/nominating committees.
Mr. Lau, 67, has been a director of Golden Creation Enterprise Limited since late 2014 and a director of Y.R.P. Investment Limited since 2013, both of which are investment entities. For more than two years prior thereto, Mr. Lau was a consultant to Y.R.P. Investment Limited. Mr. Lau received a B.A. in history from Chu Hai College in Hong Kong and his M.A. in philosophy for Ecole Pratique des Hautes Edudes in Paris.
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. CLEANTECH SOLUTIONS INTERNATIONAL, INC. (NASDAQ:CLNT) Recent Trading Information
CLEANTECH SOLUTIONS INTERNATIONAL, INC. (NASDAQ:CLNT) closed its last trading session down -0.17 at 2.75 with 25,909 shares trading hands.