Taoping Announces Major Cooperation with the Mengla County of Yunan Province; Expected Project Value of US$82.5 Million by 2027

Core Viewpoint - Taoping Inc. has entered a non-binding strategic cooperation framework agreement with the Government of Mengla County, Yunnan Province, focusing on modern agricultural development to enhance regional economic growth [1][2][3] Investment and Project Details - The project aims to develop an agricultural planting base in Mengla County, expanding to 3,500 acres over three years with a total investment of RMB 200 million (approximately US$27.5 million) [2] - By 2027, the project is projected to generate an annual output value of RMB 600 million (approximately US$82.5 million) [2] Technological Integration and Support - The cooperation will leverage advanced technologies such as the Internet of Things, big data, and artificial intelligence to improve production and operational efficiency [3] - The Government of Mengla County will provide support in land transfers, technology, and resource allocation, facilitating partnerships with neighboring countries [3] Strategic Importance and Vision - The Chairman and CEO of Taoping Inc. emphasized Mengla County's natural resources and location as ideal for modern agricultural development, aiming to create a comprehensive agricultural industrial system [4] - The agreement is noted as one of the largest in the company's history, showcasing the strength of its technology and the long-term potential of the partnership [4]