UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of report (Date of earliest event reported): December 2, 2014
CLEANTECH
SOLUTIONS INTERNATIONAL, INC.
(Exact
name of registrant as specified in Charter)
| Nevada |
|
001-34591 |
|
90-0648920 |
(State
or other jurisdiction of
incorporation or organization) |
|
(Commission
File No.) |
|
(IRS
Employee
Identification No.) |
No.
9 Yanyu Middle Road
Qianzhou
Village, Huishan District, Wuxi City
Jiangsu
Province, People’s Republic of China
(Address
of Principal Executive Offices)
(86)
51083397559
(Registrant’s
Telephone number)
Copies
to:
Asher
S. Levitsky PC
Ellenoff
Grossman & Schole LLP
150
East 42nd Street
New
York, New York 10017
Phone:
(212) 370-1300
Fax:
(646) 895-7182
E-mail:
alevitsky@egsllp.com
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item
7.01 Regulation FD Disclosure
On
December 2, 2014, the Company issued a press release announcing that the Company has received a purchase order dated November
28, 2014, from a subsidiary of China Petroleum and Chemical Corporation, known as Sinopec, for parts and equipment, including
heat exchangers, coolers, reboilers, condensers and prefractionating columns for use in offshore oil refineries. The total purchase
price of the equipment is approximately RMB13.3 million (approximately $2.2 million). A copy of the press release is included
as Exhibit 99.1.
On Friday,
December 5, 2014 (China time), the Company held an investor day at its two manufacturing facilities in Wuxi City, Jiangsu Province,
China. As part of the presentation, Mr.Jianhua Wu, chairman and chief executive officer, Mr. Adam Wasserman, chief financial officer,
and Mr. Ryan Hua, vice president of operations made presentations about the Company's production processes and product development
initiatives and provided updates on the latest developments in its markets and business generally. A copy of the presentation
and other materials used at the investor day are filed as Exhibits 99.2 and 99.3.
In
accordance with General Instruction B.2 of Form 8-K, the information in Item 7.01 of this Current Report on Form 8-K,
including Exhibits 99.1, 99.2 and 99.3, shall not be deemed to be “filed” for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and shall not be deemed
to be incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, or the
Securities Exchange Act of 1934, as amended, whether made before or after the date hereof and regardless of any general
incorporation language in such filings, except to the extent expressly set forth by specific reference in such a
filing.
Item
9.01 Financial Statements and Exhibits.
(d) Exhibits.
| 99.1 |
Press release
issued December 2, 2014 |
| 99.2 |
Powerpoint presentation
for investor day on December 5, 2014 |
| 99.3 |
Factsheet used
at investor day |
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf
by the undersigned hereunto duly authorized.
| Date: December
5, 2014 |
Cleantech
Solutions International, Inc. |
| |
|
|
|
By: |
/s/
Adam Wasserman |
| |
|
Adam Wasserman
|
| |
|
Chief Financial
Officer |
3
Exhibit 99.1
For Immediate
Release
Cleantech
Solutions International Receives $2.2 Million in Orders for
Oil
Refinery Parts and Equipment
WUXI,
Jiangsu, China, December 2, 2014 -- Cleantech Solutions International, Inc. ("Cleantech Solutions" or "the Company")
(NASDAQ: CLNT), a manufacturer of metal components and assemblies used in various clean technology and manufacturing industries
and textile dyeing and finishing machines, today announced that on November 28, 2014 it received a purchase order for a total
purchase price of RMB13.3 million (approximately $2.2 million) from a subsidiary of China Petroleum and Chemical Corporation (“Sinopec”).
The purchase order covers parts and equipment including heat exchangers, coolers, reboilers, condensers and prefractionating columns
used in offshore oil refineries.
Pursuant
to the purchase order, Cleantech Solutions has received an advance payment of approximately RMB2.0 million ($0.3 million), or
15% of the purchase price, will receive an additional 75% of the purchase price upon delivery, and will receive the remaining
10% within three months of delivery subject to successful installation and testing at the customer’s site. The Company expects
to deliver the equipment in March 2015.
“This
purchase order represents the first order we have received from the oil and gas industry since we became a certified supplier
of parts and equipment to Sinopec and China National Petroleum Corporation (“CNPC”). We are pleased to extend our
business into a new end market with favorable prospects for growth driven by environmental imperatives that encourage petroleum
companies to reduce emissions and upgrade their facilities. We are hopeful that this order will be the first of many significant
orders from the oil and gas industry as our reputation for supplying precision products to this sector grows,” said Mr.
Jianhua Wu, Chairman and CEO of Cleantech Solutions.
About
Cleantech Solutions International
Cleantech
Solutions is a manufacturer of metal components and assemblies, primarily used in clean technology and other industries and dyeing
and finishing equipment for the textile industry and forging products, and a supplier of fabricated products and machining services
to a range of clean technology customers. The Company's website is www.cleantechsolutionsinternational.com. Any information on
the Company's website or any other website is not a part of this press release.
Safe
Harbor Statement
This
release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary and
affiliated companies. These forward looking statements are often identified by the use of forward-looking terminology such as
"believes," "expects" or similar expressions. Such forward looking statements involve known and unknown risks
and uncertainties that may cause actual results to be materially different from those described herein referred to in this press
release as anticipated, believed, estimated or expected. The Company's actual results could differ materially from those anticipated
in these forward-looking statements as a result of a variety of factors, including our ability to deliver and install the equipment
referred to in this press release and to receive additional orders from the oil and gas industry and those discussed in the Company's
periodic reports that are filed with the Securities and Exchange Commission and available on its website, including factors described
in "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations"
in our Form 10-K for the year ended December 31, 2013 and "Management's Discussion and Analysis of Financial Condition and
Results of Operations" in our Form 10-Q for the quarter ended September 30, 2014. All forward-looking statements attributable
to the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required
under the securities laws. The Company does not assume a duty to update these forward-looking statements.
Company
Contact:
Cleantech
Solutions International, Inc.
Adam Wasserman,
CFO
E-mail:
adamw@cleantechsolutionsinternational.com
Web: www.cleantechsolutionsinternational.com
Elaine Ketchmere,
CFA
Compass
Investor Relations
Phone: +1-310-528-3031
E-mail:
eketchmere@compass-ir.com
###
Exhibit 99.2
Exhibit 99.3
Sharing Economy (CE) (USOTC:SEII)
Historical Stock Chart
From Mar 2024 to Apr 2024
Sharing Economy (CE) (USOTC:SEII)
Historical Stock Chart
From Apr 2023 to Apr 2024
