Tigerwind Group Limited Proposed to Acquire all of the Common Shares of Newater Technology, Inc.

On May 14, 2020, Tigerwind Group Limited announced that on May 12, 2020, it has submitted a non-binding proposal to Newater Technology, Inc.’s board of directors for the acquisition of the publicly held shares, not currently owned by Tigerwind Group, for cash consideration equal to US$3.1 per common share.