SHENZHEN, China, Feb. 10, 2025 /PRNewswire/ — Taoping Inc. (Nasdaq: TAOP, the “Company”), a provider of innovative smart cloud platform services and solutions, today revealed that it has entered into a non-binding strategic cooperation framework agreement with the Government of Mengla County, Yunnan Province. The agreement outlines plans for extensive collaboration in the modern agricultural industry, with the objective of boosting regional economic growth.
According to the agreement, the project aims to invest in developing an agricultural planting base in Mengla County, Xishuangbanna Prefecture, Yunnan Province. Over the next three years, the partners plan to expand the base to 3,500 acres, with a total investment of RMB 200 million (US$27.5 million). By 2027, the project is expected to generate an annual output value of RMB 600 million (US$82.5 million).
The cooperation aims to combine the strengths of each party to establish a model for the growth of the modern agricultural sector. To meet its ambitious goals, the project will incorporate advanced technologies from the Company, such as the Internet of Things, big data, and artificial intelligence, to enhance production and operational efficiency. The Company was chosen for this significant partnership due to its strong brand and reliable platform capabilities, which can boost the Mengla County region’s competitiveness and brand value. The Government of Mengla County will offer substantial support in areas like land transfers, advanced technology, and resource allocation. They will also assist businesses in fostering partnerships with neighboring countries and help them scale operations through land transfer and efficient management.
Mr. Jianghuai Lin, Chairman and CEO of the Company, said: “Mengla County boasts exceptional natural resources and an advantageous location, making it ideal for the development, implementation, and long-term operation of a modern agricultural system. We are excited to combine resources from all involved parties to create a comprehensive modern agricultural industrial system. This will include advanced agricultural planting, the efficient application of agricultural technologies, the incubation of high-tech enterprises, and agricultural ecological tourism.”
“This agreement is one of the largest in the Company’s history, highlighting the strength of our technology, the value of our experience, and the long-term potential of the opportunities ahead. We are committed to making this project a model for the modern agricultural industry and are eager to contribute to the successful promotion of agricultural modernization and rural revitalization in Mengla County.”
About Mengla County, Yunnan Province
Mengla County is located in the southeastern part of Yunnan Province, China, bordering Laos to the south. It is part of the Xishuangbanna Dai Autonomous Prefecture and is known for its tropical rainforest, rich biodiversity, and ethnic diversity, with significant Dai, Hani, and Yi populations. The county is home to parts of the Xishuangbanna National Nature Reserve, which protects endangered species like Asian elephants and gibbons. Mengla serves as an important trade hub between China and Laos, with the Mohan border crossing being a key point for cross-border commerce. The region’s economy is driven by tourism, agriculture (notably tea and rubber plantations), and trade.
About Taoping Inc.
Taoping Inc. (Nasdaq: TAOP) has a long history of successfully leveraging technology in the development of innovative solutions to help customers in both the private and public sectors to more effectively communicate and market to their desired targets. The Company has built a far-reaching city partner ecosystem and comprehensive portfolio of high-value, high-traffic areas for its products, which are aligned together with Taoping’s smart cloud platform, cloud services and solutions, new media and artificial intelligence. For more information about Taoping, please visit http://en.taop.com. You can also follow us on X.
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