Sincerity Applied Materials Holdings Corp. Signs MOU to Acquire AgroShield LLC

Sincerity Applied Materials Holdings Corp. Signs MOU to Acquire AgroShield LLC

Sincerity Applied Materials Holdings Corp (OTC:SINC), a leading player in the applied materials and chemicals industry, announced today the signing of a Memorandum of Understanding (MOU) to acquire US-based AgroShield LLC, a well-known manufacturer and distributor serving the agriculture, aquaculture, and waste management sectors in North and South America.

Under the terms of the MOU, SINC will acquire 100% ownership of AgroShield in exchange for 24,487,005 common shares of SINC. This strategic acquisition will allow SINC to expand its footprint and capabilities within the agriculture and water treatment industries, leveraging AgroShield’s innovative technologies and extensive market reach.

"We are thrilled to take this significant step towards acquiring AgroShield," said Yiwen (James) Zhang, CEO of SINC. "This acquisition aligns perfectly with our growth strategy and commitment to diversifying our product offerings and market presence in USA. AgroShield’s expertise and advanced solutions will be a tremendous asset as we continue to innovate and serve our customers more effectively."

Richard Selby, AgroShield’s Group Chairman, expressed his enthusiasm for the agreement by stating, "Joining forces with SINC represents a tremendous opportunity for AgroShield to enhance our growth trajectory and better serve our clients. I am confident that our combined strengths with geougraphic and product expansion will drive substantial value for all stakeholders."

Key highlights of the MOU include:

1. Acquisition Terms: SINC will acquire 100% ownership of AgroShield. In return, SINC will issue 24,487,005 common shares to AgroShield’s team, in addition, Richard Selbywill also secure a position on the SINC board post-merger.
2. Consideration: The total consideration for the acquisition is the issuance of 24,487,005 SINC common shares, subject to customary representations, warranties, and covenants.
3. Due Diligence: Both parties will conduct thorough due diligence reviews of each other’s financial statements, operations, contracts, and other relevant documents.
4. Conditions Precedent: The acquisition is subject to approval by the Boards of Directors of both companies, AgroShield’s shareholders, satisfactory completion of due diligence by both parties, and obtaining all necessary regulatory approvals and third-party consents.
5. Confidentiality and Exclusivity: Both parties agree to maintain the confidentiality of the MOU terms and any exchanged information, and AgroShield commits to an exclusivity period until the definitive agreements are executed or the MOU is terminated.
   

The completion of the acquisition is anticipated to take place within the next 60 days, contingent upon the fulfillment of all conditions precedent.

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.