Correction: SINC Announces Full Retirement of Debt and Settlement of All Outstanding Liabilities

About this update from Sincerity Applied Materials Holdings Corp.

[{"type":"text","content":"Melbourne, Australia – October 9, 2025 – SINC (the\r\n “Company”) today announced that it has successfully completed the full\r\n retirement and settlement of all outstanding debt obligations, marking a major\r\n milestone in the Company’s financial restructuring and growth strategy.\r\n\r\nOn September 22, 2025, the Company retired the entire 3a-10\r\n convertible note program through the issuance of 2,945,020 un-restricted shares at\r\n a fixed price of USD $3.00 per share. This transaction concludes all prior\r\n 3a-10 related financing arrangements.\r\n\r\nOn October 3, 2025, the Company further strengthened its\r\n balance sheet through the following settlements:\r\n\r\n\r\n John\r\n J. Stewart: repayment of USD $150,000 in principal and accrued interest\r\n with 50,000 restricted shares valued at USD $3.00 per share.\r\n Lewis\r\n Rich: repayment of USD $71,284 in principal and accrued interest with\r\n 23,761 restricted shares valued at USD $3.00 per share.\r\n\r\nIn addition, the Company settled compensation and management\r\n loans through the issuance of an aggregate 27,166,667 restricted shares,\r\n eliminating all remaining related-party liabilities.\r\n\r\nAs a result of these actions, SINC confirms that all\r\n corporate debts have been cleared, leaving the Company debt-free and\r\n well-positioned to focus exclusively on advancing its operations, strategic\r\n growth initiatives, and long-term shareholder value.\r\n\r\n“Today marks a clean start for SINC,” said James Zhang, CEO\r\n of SINC. “By completing these settlements, we’ve achieved a debt-free\r\n foundation and can now dedicate our full energy and resources to scaling our\r\n technology, expanding production, and driving profitability. The future from\r\n here is purely about growth and success.”\r\n\r\n\r\n\r\nAbout Sincerity Applied Materials Holdings Corp.\r\n Sincerity Applied Materials Holdings Corp. (SINC) is focused on the development\r\n and commercialization of its proprietary quantum glass technology,\r\n designed to deliver breakthrough performance in water filtration and advanced\r\n materials markets. Through its Australian operations, the Company is preparing\r\n to launch industrial-scale production of silver-infused nanoporous glass media.\r\n\r\n \r\n\r\nForward-Looking Statements\r\n This press release contains forward-looking s...

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