Sincerity Applied Materials Holdings Corp (OTC: SINC) Announces Note Conversion updates

Sincerity Applied Materials Holdings Corp (OTC: SINC), a leading innovator in the chemical industry, announces that 1800 DIAGONAL LENDING, LLC has converted 99.9% of its note.

Status of Debt Conversions as of Sept 19, 2024

The current note balance stands at:

• USD 60,000 from One44 Capital
• USD 2,390.25 from 1800 DIAGONAL LENDING, LLC
• USD 0.00 from 1800 DIAGONAL LENDING, LLC

This marks a substantial reduction, with 16.74% of the original debt left to be converted.

Importantly, 1800 DIAGONAL LENDING, LLC is currently facing a lawsuit filed by the U.S. Securities and Exchange Commission (SEC). By effectively eliminating 1800 DIAGONAL LENDING, LLC from SINC's balance sheet, the company no longer has exposure to significant counterparties involved in legal disputes with the SEC.

About Sincerity Applied Materials Holdings Corp Sincerity Applied Materials Holdings Corp (OTC: SINC) is 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 global industry verticals.

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

Tiffany Campbell, Public Affairs Manager, Sincerity Applied Materials Holdings Corp

tiffany@agro-shield.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.