Exhibit 99.1 TAOPING INC. (F/K/A CHINA INFORMATION TECHNOLOGY, INC.) UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED JUNE 30, 2023 AND 2022 INDEX Contents Page(s) | --- | --- | --- | |--------------------------------------------------------|-------|-------| | | | | | Consolidated Balance Sheets | | F-2 | | Consolidated Statements of Operations | | F-3 | | Consolidated Statements of Comprehensive Loss | | F-4 | | Consolidated Statements of Changes in Equity | | F-5 | | Consolidated State ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 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, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ OR ☐ SHELL COMPANY REPORT PURSUANT ...