Newater technology, inc. announces the discharge of injunction against its going private transaction

Yantai, china, june 18, 2021 /prnewswire/ -- newater technology, inc. (nasdaq: newa) ("newa", or the "company"), a developer, service provider and manufacturer of membrane filtration products and related hardware and engineered systems that are used in the treatment, recycling and discharge of wastewater, today announced that on 17 june 2021 the commercial division of the eastern caribbean supreme court in the british virgin islands (the "bvi court"), discharged an injunction that had been obtained on 16 march 2021 on an ex parte basis by fulcan capital partners llc, a nevada limited liability company ("fulcan"). fulcan had sought to prevent the company, the members of the board of directors, and tigerwind group limited (a special purpose vehicle wholly owned by mr.
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