Mr. Carey Chow reports

PARKIT ANNOUNCES PROPOSED SHARE CONSOLIDATION

The board of directors of Parkit Enterprise Inc. have approved a consolidation of the company's share capital on the basis of one new common share for every existing 15 common shares, subject to regulatory approval, including approval of the TSX Venture Exchange.

Effective on or about June 22, 2026, Parkit will complete the consolidation. Where the exchange results in a fractional share, the number of common shares will be rounded up to the next greater whole number of common shares if the fractional entitlement is equal to or greater than 0.5 and shall, without any additional compensation, be rounded down to the next lesser whole number of common shares if the fractional entitlement is less than 0.5 and, in calculating such fractional interests, all common shares registered in the name of and held by such shareholder shall be aggregated. Management believes the consolidation should enhance the marketability of the common shares as an investment and will facilitate additional financings to finance future operations. A new Cusip number of 70137X403 replaces the old Cusip number of 70137X106 to distinguish between the preconsolidated and postconsolidated shares. The company's name and trading symbol will remain unchanged.

Letters of transmittal will be mailed to all registered shareholders holding physical share certificates with instructions on how to exchange existing share certificate(s) for new share certificate(s). A letter of transmittal will also be available on the company's profile on SEDAR+. Holders of common shares who hold uncertificated shares (including shares held through a brokerage account and/or not represented by a physical share certificate) will have their holdings electronically adjusted by the company's transfer agent or by their brokerage firms, banks, trust or other nominees. Such holders do not need to take any additional actions to exchange their preconsolidation shares for postconsolidation shares.

Commencing at the opening of trading on or about June 22, 2026, the common shares of the company will trade on a postconsolidation basis on the TSX Venture Exchange. Following the consolidation, there are expected to be 13,832,192 postconsolidation shares outstanding.

About Parkit Enterprise Inc.

Parkit Enterprise is an industrial real estate platform focused on the acquisition, growth and management of strategically located industrial properties across key urban markets in Canada. In addition, Parkit has parking assets across various markets in the United States of America. Parkit's common shares are listed on the TSX-V (symbol: PKT).

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