Melbourne, Australia – June 18th, 2026 – Sincerity Applied Materials Holdings Corp. (OTCID: SINC) ("SINC" or the "Company"), a materials science and water treatment technology company, today announced that it has concluded its engagement with Network 1 Financial Securities, Inc. ("Network1").
Following discussions between the parties regarding SINC's strategic objectives, both parties determined that the engagement was not the optimal fit for the Company's current stage of development and capital markets strategy. As a result, the engagement has been terminated by mutual agreement.
"We appreciate the time and consideration provided by the Network1 team throughout our discussions," said James Zhang, Chairman and Chief Executive Officer of SINC. "After evaluating our strategic priorities and growth plans, both parties agreed that alternative approaches may be more suitable for advancing the Company's objectives. We remain focused on executing our business plan and creating long-term value for our shareholders."
The conclusion of the engagement does not affect SINC's ongoing operations, commercial activities, or strategic initiatives. The Company continues to advance the commercialization of its proprietary Quantum Glass technology, expand its Australian operations, and pursue opportunities to strengthen its position in the water treatment and advanced materials sectors.
SINC will continue to evaluate a range of financing, capital markets, and strategic alternatives as it progresses its growth initiatives.
About Sincerity Applied Materials Holdings Corp.
Sincerity Applied Materials Holdings Corp. (OTCID: SINC) is focused on advanced materials, water treatment technologies, and sustainable solutions for commercial and industrial applications. Through its Australian operations, the Company is developing and commercializing innovative technologies designed to improve water quality, operational efficiency, and environmental outcomes.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. Factors that could cause such differences include, but are not limited to, international logistical disruptions, geopolitical actions affecting shipping channels like the Strait of Hormuz, market conditions, and the Company's ability to successfully leverage its advisory relationships. The Company undertakes no obligation to update any forward-looking statements.
Contact:
Investor Relations
Sincerity Applied Materials Holdings Corp.
Yiwen (James) Zhang
CEO, Sincerity Applied Materials Holdings Corp.
Email: ir@sincnano.com
Phone: +61 42100 7277