Taoping Signs Letter of Intent to Acquire Alphalion Holding, Significantly Bolsters AI-Driven Digital Ecosystem

SHENZHEN, China, Oct. 17, 2025 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company"), a provider of innovative smart cloud platform services and solutions, today announced that it has entered into a non-binding Letter of Intent ("LOI") with the shareholders of Alphalion Holding Limited ("Alphalion Holding") to acquire 100% of its equity interests. The proposed acquisition remains subject to the completion of due diligence, negotiation and execution of a definitive agreement, and satisfaction of customary closing conditions. There can be no assurance that the parties will enter into a definitive agreement or that any transaction will be consummated. Under the LOI, the parties have agreed to determine the purchase price and payment method in the definitive agreement to be negotiated following the completion of the relevant due diligence. The LOI will automatically terminate if the transaction is not completed by October 31, 2026.

The proposed acquisition represents another significant milestone in Taoping's ongoing strategic expansion of its powerful AI-driven digital ecosystem. It is expected to further strengthen Taoping's robust technological infrastructure, broaden its proprietary hardware capabilities, and accelerate the integration of artificial intelligence into popular real-world industrial applications.

Alphalion Holding is a technology enterprise group backed by over 60 core patents. It has successfully expanded its business from China's high-end manufacturing into a conglomerate operating across three key domains: embodied robotics, AI servers, and composite new materials. Alphalion Holding is synergistically leveraging its technology expertise across its three key domains to build a globally leading ecosystem in embodied robotics. http://alphalion.hk/

Alphalion Holding, a limited liability company incorporated under the laws of Hong Kong, directly holds Alphalion Holding Management (Shenzhen) Co., Ltd. in mainland China and Diamondcarbon Holdings Pte. Ltd. in Singapore. It also indirectly controls Alphalion Technology (Zhejiang) Co., Ltd., Alphalion Technology (Shenzhen) Co., Ltd., and Shenzhen ChipStone Ruida Technology Co., Ltd., along with an approximately 80.5% stake in Dongguan Yuanchuan Composite Materials Co., Ltd.

Mr. Jianghuai Lin, Chairman and CEO of Taoping, said, "As use cases around AI continue to rapidly expand, our proposed acquisition of Alphalion Holding marks another important strategic step in expanding Taoping's addressable market, strengthening our solutions portfolio and accelerating growth. The world is at an exciting, pivotal stage of convergence between AI and robotics. We are focused on closely aligning with global technology trends to leverage our position as a next-generation digital-economy pioneer. Through this acquisition, we aim to meaningfully strengthen our AI-robotics footprint, enhance operational synergies, and create greater long-term value for our shareholders."

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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SOURCE Taoping Inc.