On August 11, 2026, Zhiqiang Zhao resigned as a director and President, while Huan Li resigned as Chief Marketing Officer. The Board eliminated the offices of President and Chief Marketing Officer, reallocating responsibilities to existing management rather than filling them. On August 12, 2026, Bin Ma was appointed to the Board to fill Zhao's vacancy. Ma, who has served as Co-Chief Executive Officer since March 2026 and Chairman of subsidiary Skyladder Group Limited since 2023, brings over two decades of experience in real estate development and corporate management. The resignations were not due to disagreements regarding operations or accounting policies. Taoping Inc. operates in the technology sector, specifically focusing on IoT solutions and smart city infrastructure.

On July 15, 2026, Taoping Inc. entered into a Securities Purchase Agreement with Streeterville Capital, LLC to issue an unsecured convertible promissory note with a 12-month maturity and an original principal amount of $3,195,000. The note includes a 7% annual interest rate and allows the Investor to convert the following into ordinary shares at a conversion price of $6.00. Taoping Inc. intends to use the net proceeds of approximately $3.0 million for working capital and general corporate purposes. Taoping Inc. operates in the technology sector and provides smart home and smart city solutions.