Newater technology, inc. files response to lawsuit by fulcan capital partners llc

Yantai, china, march 31, 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 the company and its independent committee of the board of the directors (the "independent committee") filed a notice of application and certificate of urgency with the eastern caribbean supreme court in the high court of justice, virgin islands (the "bvi court") in response to a lawsuit filed by fulcan capital partners llc, a nevada limited liability company ("fulcan"). fulcan obtained on march 17, 2021 an ex parte order from the bvi court enjoining against the company, the members of the board of the directors, and tigerwind group limited, a special purpose vehicle wholly owned by mr.
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