Taoping Inc. has been awarded a contract worth RMB10 million to provide cloud-based advertising services to Shenzhen Zhaoyou. The company has experienced significant growth in contract revenue value for its cloud-based product and software and advertising businesses. Taoping continues to benefit from high demand for its city partner ecosystem and comprehensive portfolio of core high-value, high-traffic area software development and advertising business solutions. The company aims to leverage its powerful new Cloud Nest AI system and intelligent Cloud platform. Taoping has a long history of leveraging technology to develop innovative solutions for customers in both the private and public sectors. The company has a city partner ecosystem and a comprehensive portfolio of high-value, high-traffic areas for its products. Taoping's actual results may differ from the forward-looking statements made in this press release due to various factors, including the effects of the global Covid-19 pandemic and changes in laws and regulations. The company will continue to update and revise its forward-looking statements as required by applicable law. [b84404cf]