Taoping : Grant of Restricted Shares under Equity Incentive Plan - Form 6-K

Grant of Restricted Shares under Equity Incentive Plan

On May 26, 2023, the board of directors of Taoping Inc. (the Company) granted restricted shares in an aggregate amount of 2,000,000 ordinary shares, no par value (the "Restricted Shares") to certain of its directors, executive officers and employees as compensations for their services. The following shares were granted to the executive officers and directors of the Company:

Jianghuai Lin, Chief Executive Officer and Chairman, was granted 1,000,000 shares;

Zhiqiang Zhao, President and director, was granted 270,000 shares;

Zhixiong Huang, Chief Operating Officer, was granted 270,000 shares;

Iris Yan, Chief Financial Officer, was granted 270,000 shares;

Huan Li, Chief Marketing Officer, was granted 80,000 shares;

Guangzeng Chen, Chief Technology Officer, was granted 20,000 shares;

Yunsen Huang, director, was granted 15,000 shares;

Yong Jiang, director, was granted 15,000 shares;

Remington C.H. Hu, director, was granted 15,000 shares.

All of the Restricted Shares vested immediately upon the grant date. The Restricted Shares were granted under the Company's 2016 Equity Incentive Plan, as amended on May 9, 2021, which have been registered by a registration statement on Form S-8 (File No. 333-256600).

(2)	Resignation of Chief Investment Officer

On May 30, 2023, Mr. Qian Wang resigned as Chief Investment Officer of the Company, effective immediately. Mr. Wang's resignation is not the result of any disagreement with the Company on any matter relating to its operation, policies (including accounting or financial policies) or practices.