TAOP Establishes Taoping Capital Limited to Expand Business in Taoping G Cloud and Blockchain Industry
April 21 2021 - 8:00AM
Taoping Inc. (NASDAQ: TAOP, the “Company”), a provider of
Internet-based smart display screens, and a new-media ecosystem
that enables targeted advertising and online retail, today
announced that it established a wholly-owned Hong Kong subsidiary,
Taoping Capital Limited (“Taoping Capital”), to provide capital
support for the growth of TAOP’s blockchain and digital asset
business and the Company’s cloud desktop, cloud rendering and cloud
gaming business.
Mr. Jianghuai Lin, the Chairman and CEO of TAOP,
will concurrently serve as Chairman of Taoping Capital. Mr. Qian
Wang, Chief Investment Officer of TAOP, will serve as CEO of
Taoping Capital. Mr. Huaqiao Zhang, a top-ranking analyst by
Institutional Investor (institutionalinvestor.com) for multiple
years, has joined Taoping Capital as the Chief Advisor and Chairman
of the Research Institute of Taoping Capital.
Most of the funds provided by Taoping Capital
will be invested in TAOP projects for the purchase of bitcoin
mining machines and general-purpose servers suitable for Ethereum
and cloud desktops. At the same time, Taoping Capital will support
the Company with operation management consulting. Taoping Capital
will also actively seek investment opportunities in the blockchain
industry.
Huaqiao Zhang has been the Chairman of The Slow
Bull Capital Group since June 2017. Mr. Zhang has more than 20
years of working experience in the investment banking industry
since 1994. He served as head or co-head of China research team of
UBS AG Hong Kong Branch from June 1999 to April 2006 and deputy
head of its China investment banking division from September 2008
to June 2011. Mr. Zhang worked as a principal staff member with the
People’s Bank of China in Beijing between July 1986 and January
1989. Mr. Zhang graduated from the Graduate School of the People’s
Bank of China with a master’s degree in economics in 1986, and the
Australian National University with a master’s degree in economics
in January 1991.“The rapid development and sustained growth of TAOP
relies on excellent talents. We welcome Mr. Zhang as a visionary
leader for Taoping Capital,” said Mr. Jianghuai Lin, the Chairman
and CEO of TAOP.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such
state or jurisdiction.
About Taoping
Inc.
Taoping Inc. (TAOP), is a leading provider of
smart display terminals and solutions for targeted advertising and
online retails. The Company provides the integrated end-to-end
digital advertising solutions enabling customers to distribute and
manage ads on cloud-based ad display screens. Connecting owners of
Taoping screens, advertisers and consumers, it builds up a resource
sharing "Smart IoT Screen Network- Taoping App - Taoping Go
(e-Store)" media ecosystem to ultimately achieve the mission "our
technology makes advertising and branding affordable and effective
for everyone." To learn more, please visit
http://www.taop.com/.
Safe Harbor Statement
This press release may contain certain
"forward-looking statements" relating to the business of Taoping
Inc., and its subsidiaries and other consolidated entities. All
statements, other than statements of historical fact included
herein, are "forward-looking statements" in nature within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements, often identified by the use of
forward-looking terminologies such as "believes", "expects" or
similar expressions, involve known and unknown risks and
uncertainties. Although the Company believes that the expectations
reflected in these forward-looking statements are reasonable, they
do involve assumptions, risks and uncertainties, and these
expectations may prove to be incorrect. Investors should not place
undue reliance on these forward-looking statements, which speak
only as of the date of this press release. The Company’s actual
results could differ materially from those anticipated in these
forward-looking statements as a result of a variety of factors,
including those discussed in the Company’s periodic reports that
are filed with the Securities and Exchange Commission and available
on its website (http://www.sec.gov). All forward-looking statements
attributable to the Company and its subsidiaries and other
consolidated entities or persons acting on their behalf are
expressly qualified in their entirety by these factors. Other than
as required under the securities laws, the Company does not assume
a duty to update these forward-looking statements.
For further information, please contact:
Taoping Inc.Chang
QiuEmail: chang_qiu@taoping.cnhttp://www.taop.com/or
Dragon Gate Investment Partners LLCTel:
+1(646)-801-2803Email: taop@dgipl.com
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