Crona Corp. appointed Demetrios Malamas as new CEO

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers.


On June 22, 2023, a shareholder holding majority voting power of the shares of the Company, by written consent, voted to elect Demetrios Malamas to the Company's board of Directors.


On June 22, 2023, the Company received the resignation of Chris Brown as the Company's President, Chief Executive Officer, Treasurer, Chief Financial Officer, Secretary and Director and the resignation of Robert Brown as Director. The Company's Board of Directors now has two members.


Also on June 22, 2023, the Company appointed Demetrios Malamas as its President, Chief Executive Officer, Treasurer, Chief Financial Officer and Secretary.


Demetrios Malamas has over 40 years of business experience managing a broad range of companies. He was the principal in Nuland Realty and founder of Pacific Aquaculture Ltd. before becoming immersed in Foreign Trade. He received his CFTP - Certified Foreign Trade Professional designation and began working with and in China for a variety of products and organizations over the years including Stadium Seating, Tempered and other Glass and Funeral Caskets. Mr. Malamas has been the CEO for ACE Funeral Products Ltd. since 1999 and has spent the last five years operating the business. On July 16, 2021, Mr. Malamas was appointed President and Director of Elektor Industries Inc. and currently holds the position.


Mr. Malamas will serve as Company director and officer until his duly elected successor is appointed or he resigns. There are no arrangements or understandings between Mr. Malamas any other person pursuant to which he was selected as an officer and director. There are no family relationships between Mr. Malamas and any of the Company's officers or directors. Mr. Malamas has not held any other directorships in a company with a class of securities registered pursuant to section 12 of the Exchange Act or subject to the requirements of section 15(d) of such Act or any company registered as an investment company under the Investment Company Act of 1940 during the past 5 years.