Taoping Inc. announced that the company has signed a three-year strategic cooperation agreement with Shenzhen Qianhai DoWatch Technology Co., LTD. to jointly expand Taoping's smart rest stations to national tourist attractions and other areas. During the term of the agreement, DoWatch Technology will leverage its own channel advantages to promote the installation and operation of Taoping's new smart rest stations at popular national tourist attractions, theme parks and other high traffic areas, with an estimated contract value of approximately USD $4.0 million. The parties plan to enter into separate purchase agreements prior to the installation of these stations.

Taoping's new smart rest station combines prefabricated public toilets with multiple functional rooms suitable for clean, routine usage of individuals and families with different needs and scenarios. With its unique and novel appearance, as well as its flexible and rich function area layouts, the smart rest station is quickly winning the favor of Taoping's partners and the market. Adopting the Company's smart rest station product, with its highly sanitary, energy efficient and humanized design, can solve widespread toilet construction problems, high-cost consumables, and disposal, to improve overall quality and experience, and better ensure compliance with environmental protection standards.