On June 20, 2019, Token Communities Ltd. announced that Manickam Mahalingam resigned as Director and Chairman, Lalit Verma resigned as President and Director, and Deeraj Jain resigned as Director. On the same day, the board of directors appointed Peter Maddocks as President and Secretary, and Steven Knight as Chairman. Also, on July 14, 2020 the Company named David Chen as Chairman, President and Chief Executive Officer; Peter Yaugh Chen as Director and Chief Financial Officer; and Xiangru Lin as Director. David Chen has served as Chief Operating Officer of XT Energy Group Inc. from July 2018 to March 2020. He has served as Executive Director, President and Chief Executive Officer of ASC, since July 2017, as Executive Director of Asia Pacific at Federal Aerospace Holdings Group, as President of Sino Tech Jiu-Ding Energy Development Co. Ltd., since May 2016, and as President of Inner Mongolia Aero Motor Group, since December 2017.