On October 22, 2019, a change in control of Crown Baus Capital Corp. (the "Company") occurred when Raymond C. Dabney sold all of his 80,000,000 common shares in a private share purchase transaction to Charles J.S. Kwon for cash consideration of $8,000. Mr. Kwon now has voting control over 55.7% of the Company's outstanding and issued common stock.

On October 22, 2019, a shareholder holding majority voting power of the shares of the Company, by written consent, voted to elect Charles J.S. Kwon to the Company's board of Directors. On October 22, 2019, the Company received the resignation of Raymond C. Dabney as the Company's President, Chief Executive Officer and Director. On the same date, the Company received the resignation of Robert Kane as the Company's Chief Operating Officer and Director.

The departure of Messrs. Dabney and Kane from the Company's Board decreases the Company' Board of Directors to 2 members. Also on October 22, 2019, the Company appointed Charles J.S. Kwon as its President and Chief Executive Officer.

Mr. Kwon will serve as a Company director and officer until his duly elected successor is appointed or his resignation.