On December 29, 2023, Mr. Yunsen Huang resigned from his positions as an independent director and member of each committee of the Board of Directors of Taoping Inc. (the "Company"), effectively immediately. Mr. Huang's resignation was due to personal reasons and not because of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. On the same date, the Board of Directors of the Company appointed Ms. Ping Cai ("Ms. Cai") as a director, member of each of the Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee and the Chair of the Compensation Committee.

Ms. Cai has been serving as an Associate Professor of Engineering at Shenzhen MSU-BIT University since August 2022. Prior to her current role, she held the position of Associate Professor at the College of Big Data and Internet at Shenzhen Technology University from August 2020 to July 2022. Before that, she made significant contributions to the academic community as an Associate Professor at the College of Computer Science and Software Engineering in Shenzhen University from August 1988 to July 2020.

Ms. Cai is an accomplished academician, having edited a major textbook titled "Introduction to Computer" and co-edited four textbooks in collaboration with others. She has demonstrated her commitment to research by presiding over two projects above the provincial level and publishing more than ten research papers. Her outstanding contributions to education have been recognized through various honors, including winning one first prize and one second prize for higher education teaching achievement in Guangdong Province.

Additionally, she received one first prize for Excellent Teaching Achievement at Shenzhen University and the prestigious award for Excellent Undergraduate Teacher of Shenzhen University. Ms. Cai earned her Bachelor's degree in Computer Software from Nanjing University in 1982 and went on to achieve a Master's degree in Software Engineering from Wuhan University in 2004. Her educational background, coupled with her extensive experience in academia, underscores her dedication and expertise in the field of engineering and software development.

Given her proven track record and wealth of knowledge, the Board of Directors of the Company believes that Ms. Cai is qualified to serve as a member.