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| Press Release

Newater Technology, Inc. Announces the Results of its Annual Meeting of Shareholders

YANTAI, CHINA / ACCESSWIRE / October 11 , 2018 / Newater Technology, Inc. (NASDAQ: NEWA) ("NEWA", "we", "our" 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, announces that shareholders have approved of all resolutions brought before them at the Annual General Meeting of Shareholders ("AGM") held on October 10, 2018 in Yantai, China. A total of 8,173,229 shares were represented in person or by proxy at the meeting, representing approximately 75.62 % of the Company's outstanding shares.

Results of Annual General Meeting

Two Class B Board members, Mr. Hengtong Li and Ms. Zhicun Chen, stood for re-election and were duly re-elected. These two directors will hold office until the third succeeding annual meeting of stockholders in 2021 or until their respective successors are duly elected and qualified. Of the 8,173,229 votes cast, approximately 99.96 % were in favor of the election of the directors, while 0.04 % were withheld.

Voting results for individual directors are set out below:



Name of Nominee

Votes For

Percentage

Votes Withheld

Percentage

Hengtong Li

8,170,329

99.96%

2,900

0.04%

Zhicun Chen

8,170,329

99.96%

2,900

0.04%


MaloneBailey LLP was ratified and reappointed as the external independent auditor of NEWA for the fiscal year ending December 31, 2018. 100 % of the votes cast supported the appointment of the auditor.

The annual meeting material, including the proxy statements and the audited financial statements for the year 2017, as well as a condensed video, is available on the Company's website (www.dtNEWA.com) under the subject of 2017 Annual General Meeting of Shareholders.


At the beginning of the meeting, the moderator read the procedures of the AGM


Mr. Yuebiao Li, the chairman and the CEO, made the management presentation of 2017


Ms. Zhuo Zhang, the CFO, made the management presenaton of 2017

Below are some pictures taken while the meeting participants visited our industrial park


Our Engineer in the system integration department showcased
advanced paperless and network-wide office facilities

The meeting participants visited the modern manufacturing facility. They also visited our fully automated production line disk tube special membrane (no pictures were allowed taken inside)

About Newater Technology, Inc.

Founded in 2012 and headquartered in Yantai, China, Newater, operating its business through its wholly owned subsidiary Yantai Jinzheng Eco-Technology Co. Ltd ("Jinzheng") , specializes in the development, manufacture and sale of DTRO (Disk Tube Reverse Osmosis) and DTNF (Disk Tube Nano-Filtration) membranes for waste water treatment, recycling and discharge. Newater provides integrated technical solutions in engineering support and installation, technical advice and water purification services, and other project-related solutions to turn wastewater into valuable clean water. More information about the Company can be found at www.dtNEWA.com

The Company's core business includes:

  • Reuse of high quality reclaimed water;
  • High-salt and high-polluting wastewater treatment and near zero-liquid discharge
  • Highly efficient treatment of Landfill leachate;
  • Utilization of acid or alkali-containing wastewater as resources

More information about the Company can be found at: www.dtNEWA.com

Forward-Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may", "will", "intend", "should", "believe", "expect", "anticipate", "project", "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the water filtration industry in China; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:

Company Investor Relations

Zhuo Zhang CFO
NEWATER TECHNOLOGY INC.
Phone: +86 (535) 625-8200
Email: CFO@dtNEWA.com

Y. Tracy Tang CFA, CPA
SINO-AMERICAN INVESTOR ADVISORY
Phone: +1 (646) 485-1040
Email: Tracy.tang@sino-UsInvestors.com

SOURCE: Newater Technology, Inc.



View source version on accesswire.com:
https://www.accesswire.com/513933/Newater-Technology-Inc-Announces-the-Results-of-its-Annual-Meeting-of-Shareholders