 YANTAI, China, March 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 in light of a legal claim filed by Fulcan Capital Partners LLC, a Nevada limited liability company Fulcan against the Company, the members of the board of directors of the Company, and Tigerwind Group Limited, a special purpose vehicle wholly owned by Mr. Yuebiao Li, the Companys chairman and chief executive officer, before the Eastern Caribbean Supreme Court in the High Court of Justice, Virgin Islands, the extraordinary general meeting of the shareholders of the Company, originally scheduled on March 19, 2021 at 8:30 am Beijing Time, has been postponed pending further notice. 