CLEANTECH SOLUTIONS INTERNATIONAL, INC. (NASDAQ:CLNT) Files An 8-K Other Events

Item 8.01 Other Events

On June 11, 2017, Cleantech Solutions International, Inc. (the
Company) entered into an Exclusivity Agreement
(the Agreement) with ECrent Capital Holdings
Limited (ECrent) the terms of which became
effective on the same day. to the Agreement, the Company and
ECrent agreed to engage in exclusive discussions regarding a
potential acquisition by the Company of ECrent and/or any of its
subsidiaries or otherwise all or part of ECrents business and
potential business cooperation between the two companies
(collectively, the Potential Transactions) for a
period of three months commencing from the date of the Agreement
(the Exclusive Period). Ms. Deborah Yuen, an
affiliate of YSK 1860 Ltd., which is a principal shareholder of
the Company, controls ECrent Holdings Limited, which is the
majority shareholder of ECrent. ECrent agreed that, during the
Exclusive Period, neither ECrent nor its agents, representatives
or advisors will contact, solicit, discuss or negotiate with any
third party with respect to any transaction relating to a
transfer or pledge of securities of ECrent and/or its
subsidiaries, a sale of ECrents business, a business cooperation
or any other matters that may adversely affect the Potential
Transactions or the parties discussion related thereto.

The parties also agreed to the Companys establishment of a
special committee of the board of directors of the Company that
will be composed of disinterested directors in connection with
discussions of a Potential Transaction. The Agreement contains a
confidentiality provision for the Exclusive Period and two years
thereafter. Since the Agreement merely provides for discussions
between the Company and ECrent, there can be no assurances that
the Company and ECrent may enter into any agreement to do a
transaction, and even if an agreement is entered into, there can
be no assurances that such transaction will be consummated, or
that such transaction will be on terms beneficial to the Company.

A copy of the Agreement and the Companys press release announcing
the Agreement are attached hereto as Exhibit 99.1 and Exhibit
99.2.

Item 9.01.Financial Statements and Exhibits.

(d)Exhibits

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.