Amended Statement of Beneficial Ownership (sc 13d/a)
June 16 2021 - 5:10PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
SCHEDULE
13D
(Amendment
No. 4)*
TAOPING
INC.
(Name
of Issuer)
ORDINARY
SHARES, NO PAR VALUE
(Title
of Class of Securities)
G8675V119
(CUSIP
Number)
Jianghuai
Lin
21st
Floor, Everbright Bank Building
Zhuzilin,
Futian District
Shenzhen,
Guangdong, 518040
People’s
Republic of China
Telephone:
(+86) 755-8370-8333
(Name,
Address and Telephone Number of Person
Authorized
to Receive Notices and Communications)
June
9, 2021
(Date
of Event which Requires Filing Statement on Schedule 13D)
If
the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D,
and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [ ].
Note:
Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7
for other parties to whom copies are to be sent.
*
The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject
class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover
page.
The
information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of section 18
of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the Notes).
CUSIP
NO: G8675V 119
|
1.
|
NAMES
OF REPORTING PERSONS
IRS
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Jianghuai
Lin
|
|
2.
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b)
[ ]
|
|
3.
|
SEC
USE ONLY
|
|
4.
|
SOURCE
OF FUNDS
PF
|
|
5.
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO
ITEM 2(e) or 2(f)
[ ]
|
|
6.
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
People’s
Republic of China
|
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
7.
|
SOLE
VOTING POWER
3,598,560 (1)
|
|
8.
|
SHARED
VOTING POWER
|
|
9.
|
SOLE
DISPOSITIVE POWER
3,598,560(1)
|
|
10.
|
SHARED DISPOSITIVE POWER
|
|
11.
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,598,560
ordinary shares(1)
|
|
12.
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN
SHARES [ ]
|
|
13.
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
26.9%(2)
|
|
14.
|
TYPE
OF REPORTING PERSON
IN
|
|
(1)
|
Including
21,250 ordinary shares underlying options that are vested within 60 days hereof.
|
|
|
|
|
(2)
|
Based
on 13,347,644 ordinary shares outstanding as of the date hereof.
|
This
Amendment No. 4 to Schedule 13D (this “Amendment No. 4”) relates to the ordinary shares, no par value (the “Ordinary
Shares”), of Taoping Inc., a British Virgin Islands company (the “Company”).
This
Amendment No. 4 is being filed by Jianghuai Lin (the “Reporting Person”) to amend and supplement the Schedule 13D previously
filed with the Securities and Exchange Commission (the “SEC”) on December 22, 2016 (as amended on January 17, 2017, February
23, 2017 and June 13, 2017, the “Schedule 13D”). Except as provided herein, this Amendment No. 4 does not modify any of the
information previously reported on the Schedule 13D. Capitalized terms used but not defined herein have the meanings assigned to them
in the Schedule 13D.
Item
1. Security and Issuer
This
Amendment No. 4 relates to the Ordinary Shares of the Company. The principal executive offices of the Company are located
at 21st Floor, Everbright Bank Building, Zhuzilin, Futian District, Shenzhen, Guangdong, 518040, People’s Republic of China.
The
Ordinary Shares are listed on the NASDAQ Capital Market under the symbol “TAOP.”
Item
2. Identity and Background
(a)
— (c) and (f) This Schedule 13D is filed by the Reporting Person. The Reporting Person is the Chairman and Chief Executive Officer
of the Company. He is a citizen of the People’s Republic of China and his principal occupation is Chairman and Chief Executive
Officer of the Company. The business address of the Reporting Person is 21st Floor, Everbright Bank Building, Zhuzilin, Futian District,
Shenzhen, Guangdong, 518040, People’s Republic of China.
(d)
– (e) During the five years preceding the date of this filing, the Reporting Person has not been (i) convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations
of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such
laws.
Item
3. Source and Amount of Funds or Other Consideration.
Item
3 of Schedule 13D is supplemented by the following:
On
June 9, 2021, the Company acquired all of the equity interests in Taoping New Media Co., Ltd. (“TNM”), a limited liability
company organized under the laws of People’s Republic of China. In exchange, the Company issued 1,213,630 ordinary shares to the
shareholders of TNM, among which 614,369 ordinary shares were issued to the Reporting Person who owned approximately 50.6% of TNM (the
“Acquisition”). A detailed description of the Acquisition appears in the Company’s Report on Form 6-K furnished to
the SEC on March 19, 2021.
Item
4. Purpose of Transaction.
The
Reporting Person acquired Ordinary Shares as described in Item 3 above for investment purposes. Subject to applicable legal requirements,
the Reporting Person may purchase additional securities of the Company from time to time in open market or private transactions, depending
on his evaluation of the Company’s business, prospects and financial condition, the market for the Company’s securities,
other developments concerning the Company, and general economic, money market and stock market conditions. In addition, depending upon
the factors referred to above, the Reporting Person may dispose of all or a portion of the securities of the Company at any time.
Other
than as described above in Item 3 and Item 4 or as would occur upon completion of any of the actions discussed herein, including in any
Exhibits hereto, the Reporting Person does not have any plan or proposal relating to or that would result in any of the events or matters
described in part (a) through (j) of Item 4 of the Statement on Schedule 13D.
Item
5. Interest in Securities of the Issuer.
Item
5 is hereby amended and supplemented by the following:
(a)
– (b) As of the date of this Amendment No. 4, the Reporting Person beneficially owns 3,598,560 Ordinary Shares (including 21,250
Ordinary Shares underlying options that are vested within 60 days hereof), representing approximately 26.9% of the outstanding Ordinary
Shares of the Company (based on 13,347,644 Ordinary Shares outstanding as of the date hereof).
(c)
Other than the transactions discussed in this Amendment No. 4, the Reporting Person had not effected any transactions in the Company’s
securities during the past sixty days.
(d)
None.
(e)
Not applicable.
Item
6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
To
the best knowledge of the Reporting Person, except as provided herein and in the Schedule 13D, there are no other contracts, arrangements,
understandings or relationships (legal or otherwise) between the Reporting Person and any other person with respect to any securities
of the Company, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, divisions of profits or loss, or the
giving or withholding of proxies, or a pledge or contingency, the occurrence of which would give another person voting power over the
securities of the Company.
Item
7. Material to be Filed as Exhibits.
SIGNATURES
After
reasonable inquiry and to the best of his knowledge and belief, the undersigned certifies that the information set forth in this statement
is true, complete and correct.
Dated:
June 16, 2021
|
/s/
Jianghuai Lin
|
|
|
Jianghuai
Lin
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