Exhibit 99.1
Company Contact:
| Mr. Ryan Hua |
| Vice President Operations |
| Cleantech Solutions International, Inc. |
Email: ryanhua@cleantechsolutionsinternational.com |
Web: www.cleantechsolutionsinternational.com |
Investor Relations Contact:
Ms. Elaine Ketchmere
CCG Investor Relations
Tel: +1-310-954-1345
Email: elaine.ketchmere@ccgir.com
Web: www.ccgirasia.com
Cleantech Solutions Announces Results of Annual Meeting of Stockholders
WUXI, Jiangsu, China, July 23, 2012 - Cleantech Solutions International, Inc. ("Cleantech Solutions" or "the Company") (NASDAQ: CLNT), a manufacturer of metal components and assemblies, primarily used in the wind power, solar and other clean technology industries, today announced the results of its adjourned annual meeting of stockholders held on July 19-20, 2012 in Wuxi, China.
At the annual meeting, stockholders elected Jianhua Wu, Fu Ren Chen, Xi Lui, Bao Wen Wang and Tianziang Zhou to the board of directors of the Company to serve until the next annual meeting and until their successors are elected and qualified. The annual meeting was further adjourned until July 20, 2012 to consider the proposal to change the Company’s state of incorporation from Delaware to Nevada. At the adjourned meeting the proposal to change the Company’s state of incorporation was approved.
About Cleantech Solutions International
Cleantech Solutions is a manufacturer of metal components and assemblies, primarily used in clean technology industries. The Company supplies forging products, fabricated products and machining services to a range of clean technology customers, primarily in the wind power sector. Cleantech Solutions is committed to achieving long-term growth through ongoing technological improvement, capacity expansion, and the development of a strong customer base. The Company's website is www.cleantechsolutionsinternational.com. Any information on our website and 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 as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. 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” in our Form 10-K for the year ended December 31, 2011 and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Form 10-K for the year ended December 31, 2011 and our Form 10-Q for the quarter ended March 31, 2012. Any information on the Company's website or any other website is not a part of this press release. 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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