TAOP News & Events

Taoping announced two significant strategic milestones: the establishment of a new corporate headquarters and the signing of $2M in smart elevator renewal contracts. Taoping has officially relocated its corporate headquarters to a more strategic location in Tianjin, China. The new headquarters is situated in the Tiankai Higher Education Park on the 21st floor of Building 3, Tianjin Science and Technology Plaza, Keyan West Road, Nankai District, Tianjin. Anchoring this relocation are the newly secured smart elevator renewal contracts valued at US$2 million, awarded to Taoping's newly acquired subsidiary, Skyladder Technology Development. The Company expects to complete the project and recognize the full contract value as revenue in the first quarter of 2026.

Taoping announced that it has entered into a non-binding Letter of Intent with the shareholders of Alphalion Holding to acquire 100% of its equity interests. The proposed acquisition remains subject to the completion of due diligence, negotiation and execution of a definitive agreement, and satisfaction of customary closing conditions. There can be no assurance that the parties will enter into a definitive agreement or that any transaction will be consummated. Under the LOI, the parties have agreed to determine the purchase price and payment method in the definitive agreement to be negotiated following the completion of the relevant due diligence. The LOI will automatically terminate if the transaction is not completed by October 31, 2026.

Taoping signed a share purchase agreement to acquire 100% equity in Skyladder Group valued at approximately RMB152M, or approximately $21.36M. Upon completion of this transaction, Taoping will wholly own Skyladder Group. The company will leverage AI technology to accelerate its growth as it expands the scope of its comprehensive smart elevator services and enhances its smart IoT strategy. The purchase price will be paid in the form of ordinary shares issued by Taoping, with performance-based targets. Shares will be proportionally unlocked or adjusted as Skyladder Group achieves or fails to achieve the targets. Upon completion, Taoping will integrate its own resources with Skyladder Group's technological and channel advantages to accelerate the implementation of its smart elevator service business. Skyladder Group, through its wholly owned operating entities in China, deals in smart elevator services and an innovative practitioner of AI-powered smart supervision. Skyladder Group provides services throughout the entire elevator lifecycle.

Taoping announced that it is targeting annual sales of approximately RMB 200M or approximately $27M, in 2026 from an expanded cooperation in smart agriculture between its subsidiary, Taoping Industrial and Mengla County Agricultural Reclamation Group and its subsidiary Mengla County Mengman Farm. Under the expanded cooperation, Taoping Yunnan and Mengla plan to increase the total planting area to 500 acres from the current nearly 75 acres, with the creation of several thousand flexible jobs. To achieve their ambitious goals, Taoping Yunnan and Mengla are leveraging advanced technologies, including enhanced drones, artificial intelligence, big data and the Internet of Things, to enhance production and operational efficiency.