Taoping(US:TAOP) Prnewswireยท2025-06-02 12:30Core Viewpoint - Taoping Inc. has entered into a new sales and purchase agreement worth RMB 20 million (approximately US$2.8 million) with Hunan Xiuxiang Agricultural Technology Co., Ltd. to supply agricultural products over a two-year period, indicating a strategic move to enhance its operations in the agricultural sector [1][2]. Company Overview - Taoping Inc. specializes in providing innovative smart cloud platform services and solutions, leveraging technology to enhance communication and marketing for both private and public sector clients [6]. - The company has established a comprehensive ecosystem of city partners and a portfolio of high-value areas for its products, aligning with its smart cloud platform and services [6]. Recent Developments - The new agreement with Xiuxiang Agricultural follows a previous major agreement that is projected to generate an annual output value of RMB 600 million (approximately US$83.3 million) by 2027, focusing on advanced agricultural practices and technologies in Mengla County, Yunnan Province [3][4]. - The company has conducted successful trials at its agricultural base in Mengla County, resulting in positive improvements in both yield and quality of the products grown, which supports its strategy to expand in the agricultural market [4]. Market Context - Xiuxiang Agricultural, based in Changsha, Hunan Province, aims to modernize its operations and improve supply chain efficiency by collaborating with Taoping, reflecting the growing demand for agricultural products, particularly vegetables, in China [2][4]. - Mengla County, where Taoping operates, is recognized for its rich biodiversity and serves as a significant trade hub, which enhances the potential for agricultural development and tourism [5].