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

Melbourne, Australia – October 9, 2025 – SINC (the “Company”) today announced that it has successfully completed the full retirement and settlement of all outstanding debt obligations, marking a major milestone in the Company’s financial restructuring and growth strategy.

On September 22, 2025, the Company retired the entire 3a-10 convertible note program through the issuance of 2,945,020 un-restricted shares at a fixed price of USD $3.00 per share. This transaction concludes all prior 3a-10 related financing arrangements.

On October 3, 2025, the Company further strengthened its balance sheet through the following settlements:

• John J. Stewart: repayment of USD $150,000 in principal and accrued interest with 50,000 restricted shares valued at USD $3.00 per share.
• Lewis Rich: repayment of USD $71,284 in principal and accrued interest with 23,761 restricted shares valued at USD $3.00 per share.

In addition, the Company settled compensation and management loans through the issuance of an aggregate 27,166,667 restricted shares, eliminating all remaining related-party liabilities.

As a result of these actions, SINC confirms that all corporate debts have been cleared, leaving the Company debt-free and well-positioned to focus exclusively on advancing its operations, strategic growth initiatives, and long-term shareholder value.

“Today marks a clean start for SINC,” said James Zhang, CEO of SINC. “By completing these settlements, we’ve achieved a debt-free foundation and can now dedicate our full energy and resources to scaling our technology, expanding production, and driving profitability. The future from here is purely about growth and success.”

About Sincerity Applied Materials Holdings Corp.
Sincerity Applied Materials Holdings Corp. (SINC) is focused on the development and commercialization of its proprietary quantum glass technology, designed to deliver breakthrough performance in water filtration and advanced materials markets. Through its Australian operations, the Company is preparing to launch industrial-scale production of silver-infused nanoporous glass media.

Forward-Looking Statements
This press release contains forward-looking statements, including, but not limited to, statements relating to the Company’s business strategy, growth plans, and capital structure. These statements are subject to risks and uncertainties, and actual results may differ materially. The Company undertakes no obligation to update forward-looking statements except as required by law.

Contact:
Investor Relations
Sincerity Applied Materials Holdings Corp.
Yiwen (James) Zhang
CEO, Sincerity Applied Materials Holdings Corp.
Email: [email protected]
Phone: +61 42100 7277