Taoping Inc. announced that the Company has entered into a strategic cooperation agreement with Shenzhen Zhicheng Chuangtou New Energy Co. Ltd. to expand its smart charging pile market. Established in 2019 by Shenzhen Golway Technology Co.

Ltd., Zhicheng Chuangtou. is a company focused on the construction, operation, and service of the smart infrastructure of smart cities. Pursuant to the agreement, which has a term of three years, TAOP is responsible for the market development and installation of the smart charging piles produced by Zhicheng Chuangtou.

Zhicheng Chuangtou is responsible for providing charging piles and other ancillary products, as well as for the operation and management of smart charging piles after installation. TAOP plans to use its channels like Taoping Alliance to expand the market across the country and reach out to potential property management companies. The Company expects to expand coverage to 50 cities by the end of 2022 and complete pilot projects in these cities.