HONG KONG, Dec. 14, 2017 /PRNewswire/ -- Cleantech
Solutions International, Inc. ("the Company") (Nasdaq: CLNT) today
announced that the Company's shareholders approved the change of
the Company's name to Sharing Economy International Inc. In
connection with the name change, the Company has applied for a new
ticker symbol "SEII" for its common stock. The Company's shares
will continue to trade on the NASDAQ Capital Market under the
symbol "CLNT" until approval of the new symbol is received.
The change of corporate name was approved at the Company's 2017
annual meeting of shareholders held on December 14, 2017, at which the shareholders
elected Jianhua Wu, Ping Kee
Lau, Cho Fu Li, Xue Leng and Ying Ying
Wong to the board of directors of the Company to serve until
the next Annual Meeting and approved an amendment to the Company's
articles of incorporation to change the Company's name to Sharing
Economy International Inc.
"We are excited to adopt our new corporate name, which is more
closely aligned with our strategic focus on technology and global
sharing economy markets," said Parkson
Yip, COO of Sharing Economy International Inc.
"Collaborative consumption will continue to shape the future for
years to come, becoming an important element of consumers' everyday
lives while making a positive impact on the environment. We
continue to develop online platforms and form rental business
partnerships that will put us on the path to future growth."
About Cleantech Solutions International, Inc.
Cleantech Solutions International, Inc., through its affiliated
companies, designs, manufactures and distributes a line of
proprietary high and low temperature dyeing and finishing machinery
to the textile industry. The Company's latest business
initiatives are focused on targeting the technology and global
sharing economy markets, by developing online platforms and rental
business partnerships that will drive the global development of
sharing through economical rental business models.
Safe Harbor Statement
This release contains certain "forward-looking statements"
relating to the business of the Company and its subsidiary and
affiliated companies and certain potential transactions that they
may enter into. 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 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 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, 2016 and in our Form
10-Q for the quarter ended September 30, 2017. 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.
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SOURCE Cleantech Solutions International, Inc.