Globaltech Corp. (OTCQB: GLTK) Update to Shareholders

Reno, Nevada, June 03, 2026 - Globaltech Corporation ("Globaltech" or the "Company") (OTCQB: GLTK), a U.S.-based technology holding company, is providing this Update to Shareholders to discuss: (i) how we are managing and operating the Company day to day, (ii) our near-term priorities with a long-term orientation, and (iii) how we responsibly and methodically approach innovation, including AI-enabled products and services.

Fellow Shareholders and Partners,

Our objective is to build Globaltech into a durable, technology-centric holding platform that compounds value over time. We will not measure ourselves by how persuasive we can be; instead, we will measure ourselves by how consistently we execute, how responsibly we allocate capital, and how transparently we report progress.

Many shareholder updates make predictions. We prefer to describe how we will behave and how we will decide - while the future may be uncertain, disciplined behavior is a choice.

We view shareholders as partners and believe that partnership deserves clarity, discipline, and honesty, and we commit to manage this partnership accordingly.

Globaltech's strategy is to combine established operating businesses with scalable technology platforms that have the potential to grow and compound over time, supported by its AI and Big Data Center of Excellence (CoE) and a disciplined, outcomes-driven application of AI, data, and SaaS capabilities.

We believe long-term value is built through near-term discipline. That means clear priorities, measurable milestones, responsible and methodical innovation, conservative language, and continuous learning.

Our leadership commitments

1) Choose discipline over excitement

We will emphasize: what was shipped, what is live, what was measured, and what we learned. We will be careful with adjectives and cautious with timelines.

2) Communicate forward-looking but not predictive

We will outline goals, priorities, and decision frameworks, while avoiding the false precision of prediction. When we discuss the future, we will do so with humility and clear risk context.

3) Treat governance and disclosure as core responsibilities

Compliance, disclosure discipline, and reputational risk management are non-negotiable. Our filings, materials, and communications must and should always remain consistent, accurate, and aligned with counsel and advisors.

Responsible innovation: what we do, and what we don't do

We believe technology should be evaluated based on real-world outcomes. Our approach is to describe our technology initiatives in clear, practical terms, distinguishing between deployed capabilities and those under development. We aim to communicate progress with discipline and appropriate restraint, focusing on measurable results where available. Security, privacy, and operational controls are integral to our approach, and our disclosures are subject to internal review and governance processes.

Capital allocation: how we deploy shareholder capital

We believe capital allocation is a critical function. Every dollar should earn its place. Along those lines we aim to:

	1.	Protect the base: maintain operating stability and compliance discipline.
	2.	Fund commercialization: turn platform work into deployments, onboarding, and repeatable go-to-market.
	3.	Invest where proof is visible: prioritize initiatives with measurable KPIs and clear economics.
	4.	Pursue disciplined M&A only when diligence is strong, capacity exists, and shareholder logic is clear.
	5.	Never over-extend our reach to a position that can be detrimental to what we have already achieved and delivered.

We will not pursue growth for its own sake. We will pursue growth that the market can underwrite.

Mistakes, learning, and risk

We will make mistakes. The question is whether we learn quickly, adjust decisively, and avoid repeating further errors.

When something does not work, you should expect us to diagnose quickly, adjust, pivot and re-allocate resources. We will share learning at an appropriate level while protecting confidentiality and competitive position.

Key risks are expected to include execution risk in scaling and commercializing platforms, regulatory and compliance risk, market volatility and liquidity constraints, technology and cybersecurity risk, integration risk, and capital availability risk.

Year in review: 2025 progress

During 2025, we advanced our strategic vision: expanding the reach of our technology initiatives through the continued development of our platforms and the acquisition of operating assets intended to support long-term scaling.

Below we summarize notable portfolio developments from last year. This is not a complete review; rather, it highlights the items we believe are most relevant to shareholders' understanding of our operating posture and priorities.

Moda in Pelle acquisition

On December 15, 2025, we acquired a fifty-one percent (51%) controlling interest in 123 Investments Limited DBA Moda in Pelle ("MIP"), a premium footwear brand established in 1975 with a strong presence in the United Kingdom. MIP operates retail stores and concessions, an online business, and a wholesale division. MIP also excels in technology development and deployment for internal use across its business operations.

We view MIP as both an operating asset and a commercialization test bed for our commerce enablement initiatives, including planned activation of our ThrivoAI platform within the MIP ecosystem. MIP has remained at the cutting edge of technology deployment in its operations and generated net revenues of more than $30 million in its last fiscal year.

AI and big data product portfolio and assets under launch

We progressed multiple platforms intended to expand our addressable markets and diversify growth opportunities:

	·	Cadnz: an AI-ready (platform can integrate with commercial AI offerings in the market) digital lending and reporting platform for banks and credit unions, designed to automate loan originations, risk management, servicing, regulatory compliance, reporting, and workflow automation on one platform. (www.cadnz.com)
	·	ThrivoAI: an integrated AI-Powered (platform uses AI in its core functions) ERP and e-commerce platform intended to leverage analytics to optimize retail performance, with a single business intelligence dashboard and data layer to support continuous improvement. (www.thrivo.ai)
	·	Baseball Blitz: a sports league management system designed to serve players, teams, clubs, and leagues with tools including scheduling, game day management, statistics, community engagement, broadcasting, e-commerce, and optional analytics overlays. (www.baseballblitz.com)

Executive leadership

To support our expanding operations, we welcomed Frank R. Parrish, III to the executive team as President of Globaltech, expanding our presence in the U.S. Frank brings extensive experience in IPO readiness, SEC reporting, and capital markets activities across multiple industries.

Operational and balance sheet improvements

Operationally, we took steps during the year to strengthen our balance sheet and support near-term milestones and growth initiatives. In September 2025, we closed a convertible note private placement (which are required to be repaid in September 2027, unless automatically converted into Company common stock upon an earlier uplisting), securing gross proceeds of $1.4 million and in December 2025, sold a further $225,000 in convertible notes. We have used, and plan to continue to use, the proceeds from this offering to support strategic priorities, including development of data-driven platforms, international market expansion, administrative functions, and potential acquisitions.

Our priorities: long-term framing, near-term discipline

Regulatory discipline and public-company readiness

Maintain full compliance and disciplined disclosure. Implement a clear disclosure calendar and an internal review/approval workflow for external communications and strengthen investor materials to improve clarity and consistency across the portfolio.

Capital markets roadmap (OTCQB to NASDAQ)

Management is focused on working to list Globaltech Corporation's common stock on a national exchange and is taking all necessary actions to accomplish this goal.

As what we believe is an interim step in our capital markets roadmap, the Company has recently been uplisted to the OTCQB Venture Market, to enhance transparency and broaden investor access. In parallel, Globaltech has submitted an application to uplist its common stock to the Nasdaq Capital Market, which is currently under review, and which uplisting remains subject to the Company meeting the initial listing criteria of Nasdaq, regulatory clearance and approval by Nasdaq.

Proof-first commercialization

Move platforms from development into deployments, onboarding, and early commercialization; establish a repeatable cadence of proof points (what shipped, what is live, what was measured).

Integration discipline

Establish consistent KPI reporting and a cross-portfolio operating cadence with the goal of driving practical, measurable integration wins where appropriate.

Outlook over the next 6 to 12 months

	·	Focus on delivering repeatable commercialization and case-study proof across platforms.
	·	Build a predictable quarterly rhythm, KPI discipline, and controlled disclosure that reduces uncertainty.
	·	Strengthen integration to produce measurable outcomes and strengthen the platform thesis.
	·	Apply disciplined capital allocation to acquisitions and internal investment.

What shareholders should expect - and not expect

You should expect: disciplined capital allocation and proof-driven execution; conservative, precise communication; and a consistent cadence of updates tied to real milestones.

You should not expect: certainty disguised as prediction; promotional announcements without proof; or growth at any cost.

About Globaltech Corporation

Globaltech Corporation is a U.S.-based technology Platform committed to enabling growth in the fields of AI, data, and frontier technologies. Through strategic partnerships and capital investment, Globaltech seeks to empower visionary companies and innovation-led enterprises to drive transformation across global markets. For more information, please visit www.globaltechcorporation.com.