SINC retires 48M shares from outstanding shares

Melbourne, Australia, Feb 8^th, 2022 - Sincerity Applied Materials Holdings Corp (OTC Pink: SINC), announced the cancellation of 48M shares from outstanding shares.

All the shares to be cancelled are out of controlling block. Post cancellation, total number of outstanding shares will be reduced to 25.26 million shares.

Instructions have been submitted to Transfer Agent, share cancellation is expected to take effect before end of Q1, 2022.

About Sincerity Applied Materials Holding Corp

Sincerity Applied Materials delivers high performance environmental polymer and solutions, to help customers reducing product wastage, improve logistics efficiency, and reduce their carbon footprint. The Company, though its China partner, has been developing its exceptional material technology through partnerships with leading Chinese research institutions and facilities. Today, Sincerity's products are widely used in the automotive, packaging, building & construction and engineering industries.

Forward-Looking Statements

This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward-looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The Company's actual results could differ materially from expected results.

Contact Information:

Investor Relations: CORE IR
+1 516 222 2560

IR@sincerityplastics.com