GLOBAL TECHNOLOGIES LTD

To: The Board of Directors and Stockholders of

GLOBAL TECHNOLOGIES, LTD.

Opinion on the Financial Statements

We have audited the accompanying balance sheets of Global Technologies, Ltd (the ‘Company’) as of June 30, 2025, and the related consolidated statements of operations, changes in stockholders’ deficit and cash flows for the year ended June 30, 2025 and June 30, 2024, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of June 30, 2025 and June 30, 2024, and the results of its operations and its cash flows for the year ended June 30, 2025 and June 30, 2024, in conformity with accounting principles generally accepted in the United States of America.

Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note M, the Company suffered an accumulated deficit of $167,555,637, and a negative working capital of $1,153,279. These matters raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans with regards to these matters are also described in Note M to the financial statements. These financial statements do not include any adjustments that might result from the outcome of this uncertainty

Restatement of Previously Issued Financial Statements

As discussed, in Note N to the consolidated financial statements, the Company has restated its financial for the year ended June 30, 2024 in order to correct accounting errors.

Basis for Opinion

These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Critical Audit Matters

Critical audit matters are matters arising from the current period audit of the financial statements that were communicated or required to be communicated to the audit committee and that: (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. Communication of critical audit matters does not alter in any way our opinion on the financial statements taken as a whole and we are not, by communicating the critical audit matters, providing separate opinions on the critical audit matter or on the accounts or disclosures to which they relate.

Critical Audit Matter – Restatement of Previously Issued Financial Statements

Critical Audit Matter Description

As discussed in Note N to the consolidated financial statements, the Company restated its consolidated financial statements as of June 30, 2024 and for the year then ended, which were previously included in the Company’s Form 10-K filed with the Securities and Exchange Commission on September 25, 2024. The restatement was required to correct errors related to (i) the accounting for the acquisition of GOe3, LLC completed on March 15, 2024, (ii) the write-off of prepaid deposits of $225,000, (iii) the write-off of property and equipment, net, of $126,607, (iv) the write-off of intangible assets of $25,000, and (v) the calculation of the derivative liability as of June 30, 2024.

We identified the restatement as a critical audit matter because it involved multiple areas of complex accounting guidance, required significant judgment by management, and necessitated extensive audit effort to evaluate the appropriateness of the revised accounting conclusions, estimates, and related disclosures. In particular, the accounting for the business combination and derivative liability required specialized knowledge and the evaluation of management’s judgments, while the asset write-offs required careful assessment of impairment indicators and the completeness and accuracy of management’s analyses.

How the Critical Audit Matter Was Addressed in the Audit

Our audit procedures related to the restatement included, among others:

QI CPA, LLC

Valley Stream, New York

December 30, 2025

We have served as the Company’s auditor since 2025.

PCAOB ID (#6631)