Report of Foreign Issuer (6-k)
April 27 2020 - 3:06PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT
TO RULE 13a-16
OR 15d-16 UNDER THE SECURITIES EXCHANGE
ACT OF 1934
For the month of April 2020
Commission file number: 001-38170
NEWATER TECHNOLOGY, INC.
(Registrant's name)
c/o Yantai Jinzheng Eco-Technology Co.,
Ltd.
1 Ruida Road, Laishan District, Yantai
City
Shandong Province
People’s Republic of China 264000
(Address of principal executive office)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒
Form 40-F ☐
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Explanatory Note:
Newater Technology, Inc. (the “Company”)
is filing this Form 6-K as a condition to seeking relief provided by the Securities and Exchange Commission (the “SEC”)
Order under Section 36 of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”), granting
exemptions from specified provisions of the Exchange Act, as set forth in SEC Release No. 34-88318 (the “Order”).
By filing this Current Report on Form 6-K, the Company is relying on the Order to receive an additional 45 days to file its Annual
Report on Form 20-F for the fiscal year ended December 31, 2019 (the “20-F”) due to the circumstances related
to COVID-19.
The Company conducts its business operations
throughout China, with its headquarters located in Yantai. In accordance with the epidemic control measures imposed by the local
governments related to COVID-19 since February 2020, the Company’s facilities remained closed or had limited business operations
after the Chinese New Year holiday (January 24-February 2, 2020). Further, COVID-19 has caused severe disruptions in transportation
and limited access to the Company’s facilities resulting in limited support from its staff and professional advisors. In
particular, the Company’s headquarters in Yantai, where the management of the Company is located, did not resume normal operations
until February 10, 2020. This has, in turn, delayed the Company’s ability to complete its audit and prepare the 20-F. Notwithstanding
the foregoing, the Company expects to file the 20-F no later than June 14, 2020 (which is 45 days from the 20-F’s original
filing deadline of April 30, 2020).
The Company acted in accordance with local
government policies, and issued stringent rules on employee health and virus protection to ensure the health of its employees,
while trying to sustain productivity during the pandemic. Further, the Company believes it has taken all possible measures to overcome
the adverse impact derived from the COVID-19 outbreak related to the annual audit and filing of the 20-F. To the best of the Company’s
knowledge, despite the challenge of the slow recovery to normal operations under various restrictions, the Company believes that
it will be able to complete the annual audit and file the 20-F within the additional 45 days granted by the Order on or before
June 14, 2020.
The Company supplements the following risk factor due to the
uncertainty of the COVID-19 outbreak:
We are susceptible to general economic
conditions, natural catastrophic events and public health crises, and a potential downturn in the membrane filtration market could
adversely affect our operating results in the near future.
Our business is subject
to the impact of natural catastrophic events, such as earthquakes, or floods, public health crisis, such as disease outbreaks,
epidemics, or pandemics in China, and all these could result in a decrease or sharp downturn of economies, including our markets
and business locations in the current and future periods. The outbreak of the coronavirus (COVID-19) in China resulted
in increased travel restrictions, and shutdown of businesses, which may cause slower recovery of the China economy. We may
experience impact from quarantines, market downturns and changes in customer behavior related to pandemic fears and impact on our
workforce if the virus continues to spread. COVID-19 could cause delays or the inability to deliver our products and services on
a timely basis. In addition, one or more of our customers, partners, service providers or suppliers may experience financial distress,
delayed or defaults on payment, file for bankruptcy protection, sharp diminishing of business, or suffer disruptions in their business
due to the outbreak. The extent to which the coronavirus impacts our results will depend on future developments and reactions in
China, which are highly uncertain and will include emerging information concerning the severity of the coronavirus and the actions
taken by governments and private businesses to attempt to contain the coronavirus. It is likely to result in a potential material
adverse impact on our business, results of operations and financial condition in the short run if the situation gets worse in China.
Wider-spread COVID-19 in China and globally could prolong the deterioration in economic conditions and could cause decreases in
or delays in spending and reduce and/or negatively impact our short-term ability to grow our revenues. Any decreased collectability
of accounts receivable, bankruptcy of small and medium businesses, or early termination of agreements due to deterioration in economic
conditions could negatively impact our results of operations.
SIGNATURES
Pursuant to the requirements of the Securities
and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly
authorized.
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NEWATER TECHNOLOGY, INC.
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By:
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/s/ Yuebiao Li
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Yuebiao Li
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Chairman and Chief Executive Officer
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Dated: April 27, 2020
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