Taoping Tumbles Despite New Sales Pact

Taoping Inc. (NASDAQ: TAOP) shares descended Monday, as the China-based provider of innovative smart cloud platform services and solutions, today announced that it has been selected for a new RMB 20 million (US$2.8-million) sales and purchase agreement. Under the latest agreement with Hunan Xiuxiang Agricultural Technology Co., Ltd., the two parties will cooperate over a two-year period, during which Taoping will supply designated agricultural products.Xiuxiang Agricultural, based in Changsha, Hunan Province, specializes in the sale of vegetable products. After studying Taoping’s state-of-the-…