TAOP Announces Key Management Appointments and Launch of Two New Business Divisions
May 10 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 the appointment of Ms. Liqiong (Iris) Yan as Chief
Financial Officer and the launch of two newly-created business
divisions- Digital Server Business Division and G Cloud Computing
Power Business Division. The Company also announced the appointment
of Mr. Zhiqiang Zhao, president of TAOP, concurrently as director
of Digital Server Business Division, and the appointment of Mr.
Zhixiong Huang, COO of TAOP, concurrently as director of G Cloud
Computing Power Business Division. Mr. Huang will no longer serve
as director of the Digital Culture Business Division. Mr. Huan Li,
current Executive Associate Director of Digital Culture Business
Division, is promoted to serve as director of Digital Culture
Business Division.
Ms. Yan, age 44, has over ten years’ experience
in finance, investor relations and corporate governance. Ms. Yan
served as the Company’s Assistant CFO since 2018, prior to that she
was the Director of Investor Relations and Secretary of the Board
of TAOP since 2007. During her tenure, Ms. Yan assisted in
Company’s NASDAQ listing, Company’s strategic acquisitions and
overseas equity/debt financings, and was instrumental in strategy
planning, financial management and capital strategy management. Ms.
Yan is a Certified Management Accountant (CMA) licensed by the
Institute of Management Accountants. Ms. Yan received a
postgraduate diploma in Investment from Fudan University and a
bachelor’s degree in International Economics from Beijing Normal
University.
The Digital Server Business Division, through
research, production, sales and support functions, is dedicated to
providing customers with high performance general-purpose digital
servers for cloud computing and cloud storage.
The G Cloud Computing Power Business Division is
dedicated to establishing global G cloud data centers, providing
various industries with cloud computing power, and developing cloud
service application solutions for specific industries.
Together with earlier announced Digital Culture
Business Division, Blockchain and Digital Assets Business Division,
and NFT Business Division, the Company is now operating with five
business divisions.
“I am delighted to announce Ms. Yan’s
appointment as Chief Financial Officer. Ms. Yan has shown a high
level of professionalism and dedication to shareholders, and strong
business analytical skills over the past 14 years at TAOP. She is
now ideally suited to take on the role of CFO for our global
operations,” said Mr. Jianghuai Lin, the Chairman and CEO of TAOP.
“We believe the new structure of five business divisions will
better facilitate the Company’s global deployment plan and will
improve management execution efficiency. As such, we reiterate our
2021 financial guidance: revenues to be in the range from $40
million to $50 million, and operating income of $8 million to $10
million, including the anticipated contributions from Taoping New
Media, Render Lake and new revenue streams developed in 2021.”
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. Such forward-looking statements may relate to, among
other things, statements regarding our expected growth and
financial performance, our strategy to drive growth, expectations
regarding our new businesses, anticipated benefits of the Company’s
acquisitions, and our guidance for the full year ending December
31, 2021. 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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