 SHENZHEN, Aug. 06, 2021 GLOBE NEWSWIRE -- Taoping Inc. NASDAQ: TAOP, the Company or TAOP, a provider of blockchain technology and smart cloud services, today announced that it has entered into a letter of intent the LOI with the majority shareholder of Yunnan Taoping IoT Limited Yunnan Taoping to acquire additional equity interests and increase its ownership of Yunnan Taoping to no less than 51. Currently TAOPs variable interest entity, Taoping New Media Co., Ltd., owns about 40 of Yunnan Taoping. 