Core Viewpoint - Taoping Inc. reported a significant increase in contract revenue for May 2024, driven by growth in AI-powered products and cloud-based Smart City solutions, indicating strong market demand and customer engagement [1][2]. Financial Performance - Total contract revenue for May 2024 reached RMB 29.8 million (approximately USD 4.1 million), marking a 52% increase compared to May 2023 and a 43% increase from April 2024, which had a revenue of RMB 20.8 million [1]. Product Development - The company’s AI-powered Smart Terminals are a key driver of revenue growth, enhancing user experience through high-end video displays and AI integration, allowing for rapid interaction and data analysis [2]. - These terminals are designed to autonomously generate diverse advertising content, aligning with tailored promotional strategies and significantly improving advertising effectiveness [2]. Market Position - Taoping Inc. has established a comprehensive ecosystem and a strong portfolio of products that cater to both private and public sectors, enhancing its competitive edge in the market [3]. - The company anticipates continued growth in AI-based products, which are expected to play a crucial role in driving revenue in 2024 and beyond [1][2].

Core Viewpoint - Taoping Inc. has secured a new AI-powered Smart Terminal contract valued at over US$1 million and has entered a strategic cooperation agreement with Zhenjiang Fengchao Technology to enhance market penetration of its innovative products [1][2]. Company Overview - Taoping Inc. specializes in developing smart cloud platform services, new media, and AI solutions, aiming to improve communication and marketing effectiveness for clients in both private and public sectors [5][6]. - The company has established a comprehensive ecosystem of city partners and a portfolio of high-traffic areas for its products [5]. Product Development - The newly launched AI-powered Smart Terminals utilize high-end video displays to integrate AI technology, enabling rapid interaction, data collection, and analysis, thereby enhancing user experience [2]. - These terminals are designed to autonomously generate diverse advertising content, including text-to-image, posters, and video ads, which can be customized to align with promotional strategies [2]. Strategic Cooperation - Under the agreement with Zhenjiang Fengchao Technology, the focus will be on boosting sales of the upgraded Smart Terminals in cities such as Zhenjiang, Changzhou, Yangzhou, and Xuzhou [2][3]. - Zhenjiang Fengchao Technology brings over 20 years of experience in real estate marketing and aims to leverage its resources to promote Taoping's AI Smart Terminals within the real estate sector [3][4]. Future Outlook - Taoping plans to continue providing AI technical services through a subscription model and aims to accelerate the deployment of its Smart Terminals across more regions and scenarios nationwide [3]. - The company is optimistic about driving sustainable revenue growth, expanding gross margins, and enhancing shareholder value through its innovative applications and partnerships [3].

Core Insights - Taoping Inc. reported a total contract revenue value of RMB 20.8 million (approximately USD $2.9 million) for April 2024, marking a 25% increase compared to April 2023, driven by innovation and demand for AI-based products [1] - The company emphasizes its strategic focus on AI and cloud-based products, which have been well-received by customers, enhancing efficiency and return on investment [2] Company Overview - Taoping Inc. has a history of leveraging technology to develop innovative solutions for effective communication and marketing in both private and public sectors, supported by a comprehensive portfolio and a city partner ecosystem [3]

SHENZHEN, China, May 9, 2024 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company"), a developer of innovative smart cloud platform services and solutions, new media and artificial intelligence solutions, today unveiled a new, upgraded AI-powered smart terminal. This cutting-edge platform integrates AI Generative Artificial Intelligence (AIGC) with Taoping's intelligent cloud platform technology and product capabilities, paving the way for intelligent, AI-driven smart terminals. Taoping's new enhanced A ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Title of Each Class Trading Symbol(s) Name of Each Exchange On Which Registered Ordinary Shares, no par value TAOP NASDAQ Capital Market FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR ...

Exhibit 99.1 Taoping Reports 59% Surge in Revenue for Full Year 2023; Company Expects Continued Growth in 2024 Shenzhen, China, April 25, 2024 – Taoping Inc. (Nasdaq: TAOP, the "Company"), a developer of innovative smart cloud platform services and solutions, new media and artificial intelligence solutions, today reported 59.4% revenue growth for the year ended December 31, 2023, and anticipated continued growth for the full year 2024. The Company expects to file its annual report on Form 20-F for the year ...

SHENZHEN, China, April 9, 2024 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company"), a developer of innovative smart cloud platform services and solutions, new media and artificial intelligence solutions, today reported a total contract revenue value of RMB 60.1 million (approximately USD $8.3 million) for the first quarter of 2024, representing an increase of 53% compared to the first quarter of 2023. The record growth continues to be driven by customer demand for the Company's cutting-edge Smart Cit ...

SHENZHEN, China, Feb. 7, 2024 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company"), a developer of innovative smart cloud platform services and solutions, new media and artificial intelligence solutions, today reported 78% year-over-year growth in contract revenue for the month of January 2024. With a total value of RMB 25.8 million (approximately USD $3.6 million), the record monthly contract revenue level was driven by demand for the Company's recently launched AI-related products and its innovative ...

SHENZHEN, China, Jan. 25, 2024 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company"), a developer of innovative smart Cloud platform services and solutions, new media and artificial intelligence solutions, today announced that the Company's revenue momentum is being driven by increasing demand for its innovative off-grid wastewater treatment solutions. The Company is capitalizing on this demand by offering high-efficiency, market-priced solutions that come with comprehensive support throughout the enti ...

SHENZHEN, China, Jan. 16, 2024 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company"), today reported an 80% increase in the Company's contract revenue value for the full year of 2023, as compared with the full year of 2022. The Company entered into contracts totaling RMB 270 million (approximately US$37.94 million) during 2023, with the majority of the revenue expected to be recognized within fiscal year 2023 and the balance in fiscal year 2024. Taoping achieved strong growth throughout 2023, with dema ...