Cleantech Solutions Raises $1.8 Million in Net Proceeds from the Sale of Common Stock

   Cleantech Solutions Raises $1.8 Million in Net Proceeds from the Sale of
                                 Common Stock

PR Newswire

WUXI, China, June 21, 2013

WUXI, China, June 21, 2013 /PRNewswire-FirstCall/ -- 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 and dyeing and finishing
equipment to the textile industry, today announced that the Company entered
into stock purchase agreements dated June 17, 2013 and signed on June 18, 2013
pursuant to which the Company sold a total of 428,398 shares of common stock
at a purchase price of $4.50 per share. The shares were sold pursuant to a
prospectus supplement dated June 18, 2013 to the Company's registration
statement on Form S-3. The Company did not engage a placement agent with
respect to the sale. The Company paid a fee of 10% and a non-accountable
expense allowance of 2%, for a total of $154,745, to Fernando Liu with respect
to sales made to investors introduced to the Company by Mr. Liu who are not
U.S. Persons. The net proceeds received by the Company from the sale of the
shares were $1,767,546. The Company intends to use the net proceeds working
capital and other general corporate purposes.

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 and supplies dyeing
and finishing equipment to the textile industry. 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 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
and in the conference call referred to in this press release 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, including the ability of the Company to derive revenue from or
to generate meaningful profit margins from the sale of the products described
in 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" and
"Management's Discussion and Analysis of Financial Condition and Results of
Operations" in our Form 10-K for the year ended December 31, 2012 and
"Management's Discussion and Analysis of Financial Condition and Results of
Operations" in our Form 10-Q for the quarter ended March 31, 2013. 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.

                                                Investor Relations Contact:
Company Contact:
                                                CCG Investor Relations
Cleantech Solutions International, Inc.
                                                Ms. Elaine Ketchmere, CFA
Mr. Adam Wasserman, Chief Financial Officer
                                                Tel: +1-310-954-1345
E-mail:
adamw@cleantechsolutionsinternational.com       Email:
                                                elaine.ketchmere@ccgir.com
Web: www.cleantechsolutionsinternational.com
                                                Web: www.ccgirasia.com

SOURCE Cleantech Solutions International, Inc.

Website: http://www.cleantechsolutionsinternational.com
 
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