SINC
Sincerity Applied Materials Holdings Corp.

Sincerity Applied Materials Holdings Corp (OTC:SINC) ("SINC" or "the Company"), a leading innovator in advanced materials and water treatment solutions, today announced the filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2024. The report details significant financial and strategic progress, positioning the Company for continued growth in 2025 and beyond.

Key Financial Highlights:

• Revenue Growth: SINC reported a substantial increase in revenue from its core business operations, reflecting strong market demand in Australia.

• Australian Market Expansion: Revenue from the Australian and New Zealand markets surged by 500%, demonstrating the Company’s successful expansion strategy.

• Impact of Agroshield Performance: The U.S. market was primarily driven by Agroshield, which significantly underperformed in Q4 2024 and Q1 2025, missing projections by a wide margin. This underperformance resulted in lower-than-expected sales, a sizable loss, and substantial negative equity that impacted SINC's overall financials.

Strategic and Operational Developments:

• Spin-Off of Unprofitable Business Segments: To streamline operations and enhance profitability, Agroshield was spun-off from SINC in Q1 2025.

• Focus on High-Growth Sectors: The Company is now concentrating on its advanced water treatment chemicals and quantum glass technology, which are expected to drive significant revenue growth.

• Secured Institutional Investment: SINC has successfully attracted Australian-based institutional investors to support its expansion initiatives and future product launches.

• Quantum Glass Manufacturing in Melbourne: SINC is pleased to announce that its Quantum Glass will be manufactured in Melbourne, Australia. The new production facility will leverage advanced automation and cutting-edge surface treatment technologies to produce high-performance filtration media. This investment underscores SINC’s commitment to innovation and local manufacturing excellence.

• Quantum Glass Commercialization: The Company remains on track for the market introduction of its NSF-tested Quantum Glass in late 2025, targeting both residential and industrial water filtration applications.

Management Commentary: Yiwen Zhaang, CEO of SINC, commented: “2024 was a transformative year for SINC. We made strategic decisions to phase out non-performing segments and double down on our most promising technologies. While Agroshield's performance negatively impacted our financials, our core business remains strong, and we have positioned SINC for long-term growth. With a strengthened financial outlook and secured institutional backing, we are confident in our ability to scale operations and maximize shareholder value.”

SINC encourages shareholders and stakeholders to review the full details of its financial performance and strategic initiatives in the Company’s 2024 Annual Report, available on the OTC Markets’ website.

For further updates, please visit https://www.sincnano.com/  or follow us on https://x.com/SincerityCorp

About Sincerity Applied Materials Holdings Corp (OTC:SINC)

SINC is a pioneering company in the field of advanced materials, specializing in water treatment solutions and high-performance coatings. With a commitment to innovation and sustainability, SINC is at the forefront of delivering next-generation materials to global markets.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties, including market conditions, regulatory developments, and the Company’s ability to execute its business strategy. Actual results may differ materially from those projected in these statements.

Contact:

Investor Relations Sincerity Applied Materials Holdings Corp ir@sincnano.com