SINC Enters Into Definitive Agreement to Acquire AgroShield LLC

SINC Enters Into Definitive Agreement to Acquire AgroShield LLC

Melbourne, Australia — July 8, 2024 — Sincerity Applied Materials Holdings Corp ("SINC"), a prominent player in the applied materials and chemicals industry, is excited to announce that it has entered into a definitive agreement to acquire AgroShield LLC, a prominent manufacturer and distributor serving the agriculture, aquaculture, and waste management sectors in the United States of America. This acquisition underscores SINC's commitment to expanding its footprint and enhancing its portfolio through strategic growth initiatives.

Key Details of the Agreement:

• Parties Involved:
• Parent Company: Sincerity Applied Materials Holdings Corp (Ticker: SINC)
• Target Company: AgroShield LLC
• Shareholders: The shareholders of AgroShield LLC

• Transaction Overview: Under the terms of the agreement, SINC will acquire 100% of the issued and outstanding shares of AgroShield LLC. In exchange, the shareholders of AgroShield will receive 49,000,000 shares of SINC’s common stock.

• Purpose and Structure: This transaction involves a share exchange where AgroShield LLC will become a wholly-owned subsidiary of SINC, aligning the strategic visions and leveraging the strengths of both organizations to drive innovation and market expansion.

• Closing and Effective Time: The closing of the transaction is scheduled to take place at SINC’s offices in South Yarra, VIC, Australia, or another mutually agreed location. The transaction will become effective once all closing conditions are satisfied or waived.

• Strategic Benefits: The acquisition will enable SINC to enhance its capabilities in its unique quantum glass technologies, providing new market coverage for growth and innovation in USA. AgroShield LLC’s market presence in agriculture and aquaculture will complement SINC’s existing offerings and expand its reach into new markets.

Leadership Quotes:

Yiwen (James) Zhang CEO of SINC: “This acquisition is a significant step forward for SINC as we continue to execute on our strategic growth plan. AgroShield LLC's expertise and innovative solutions align perfectly with our mission to develop category-defining high-performance materials that support industries transformation and enhance people's lives. We look forward to welcoming the AgroShield team to SINC and achieving new heights together.”

Richard Selby, Chairman of AgroShield LLC: “Joining forces with SINC presents a tremendous opportunity for AgroShield LLC to scale our operations and bring our solutions to a broader market. We are excited about the future possibilities this acquisition brings and are eager to contribute to SINC’s continued success.”

For more information, please contact:

Sincerity Applied Materials Holdings Corp

Yiwen (James) Zhang, CEO Email: james@sincerityplastics.com

AgroShield LLC

Richard W. Selby, Managing Member Email: selby@agro-shield.com

About Sincerity Applied Materials Holdings Corp

Sincerity Applied Materials Holdings Corp (OTC: SINC) is a corporation incorporated in Nevada, USA, specializing in applied materials and chemicals. With a strong commitment to innovation and quality, SINC aims to deliver superior products and services across various industries.

About AgroShield LLC AgroShield LLC is a Wyoming-based corporation engaged in the manufacturing and distribution of products and technologies for the agriculture, aquaculture, and waste management industries. AgroShield provides innovative solutions to improve efficiency and sustainability in these critical sectors.

Forward-Looking Statements

This press release contains forward-looking statements that are based on current expectations, assumptions, estimates, and projections about Sincerity Applied Materials Holdings Corp and its industry. These forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those anticipated. The company disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

Contact:

Yiwen Zhang,

CEO Sincerity Applied Materials Holdings Corp

+61 4 2100 7277

ir@sincerityplastics.com

Note: The information provided in this press release is subject to change, and readers are advised to refer to the latest filings and updates on the SEC's website and OTC Markets for the most current and accurate information.