Mr. Rahim Bhaloo reports

MANAGEMENT UPDATE

Erica Fattore has resigned as president and chief executive officer of Pesorama Inc. Rahim Bhaloo, the company's founder and executive chairman, will act as the company's interim chief executive officer until such time as the company's board of directors finalizes on a replacement for the position and updates the market in due course.

Ms. Fattore commented:

"As a founding member of the management team since Pesorama's inception, it has been an absolute privilege to serve as the company's CEO. Having had the opportunity to witness and contribute to the remarkable growth and success of our company, I am immensely proud of the solid foundation we've built together and the milestones we've accomplished thus far. I am committed to maintaining a strong connection with Pesorama, offering unwavering support throughout this transition. With our resilient team and forward-thinking approach, I am confident that Pesorama's future is incredibly promising."

Ms. Fattore will continue in a consultancy role focusing on the company's product import initiatives and strategies. The board extends its sincere appreciation to Ms. Fattore for her unwavering dedication and contributions during her tenure, and wishes her every success in her future pursuits.

The company also announces that Abdul Bawazeer has stepped down from his position of chief strategy officer into a consultancy role through which he continues to support senior management in strategic initiatives.

About Pesorama Inc.

Pesorama, operating under the JOi Dollar Plus brand, is a Mexican value dollar store retailer. Pesorama launched operations in 2019 in Mexico City and the surrounding areas targeting high-density, high-traffic locations. Pesorama's 22 stores offer consistent merchandise offerings which include items in the following categories: household goods, pet supplies, seasonal products, party supplies, health and beauty, snack food items, confectionery, and more.

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