Frankiy's Moneymaker

[Frankiy]

CLNT $2.29 nasdaq compliance news expected by Tuesday March 20th 2012.
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CLNT 8k out Form 8-K for CLEANTECH SOLUTIONS INTERNATIONAL, INC.,

16-Mar-2012

Change in Directors or Principal Officers, Financial Sta


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements

On March 14, 2012, the Company appointed Wanfen Xu, age 31, as chief financial officer. Ms. Xu has been the financial controller of Wuxi Huayang Electrical Power Equipment Co., Ltd. ("Electrical") and Wuxi Huayang Dyeing Machinery Co., Ltd. ("Dyeing") from 2009 to 2011, and she was the a senior finance manager and financial controller of Dyeing between 2000 to 2009. Electrical and Dyeing are variable interest entities whose financial statements are included in the Company's consolidated financial statements.

Pursuant to an employment agreement dated March 12, 2012, Ms. Xu receives an annual salary at the rate of RMB 48,000 (approximately $7,600). The agreement has an initial term expiring on March 31, 2013, and continues on a year-to-year basis unless terminated by either party.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1 Employment agreement dated March 12, 2012 between the Company and Wanfen Xu