Taoping Signs Letter of Intent to Acquire Alphalion Holding, Significantly Bolsters AI-Driven Digital Ecosystem

SHENZHEN, China, Oct. 17, 2025 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company"), a provider of innovative smart cloud platform services and solutions, today announced that it has entered into a non-binding Letter of Intent ("LOI") with the shareholders of Alphalion Holding Limited ("Alphalion Holding") to acquire 100% of its equity interests. The proposed acquisition remains subject to the completion of due diligence, negotiation and execution of a definitive agreement, and satisfaction of customary closing conditions. There can be no assurance that the parties will enter into a definitive agreement or that any transaction will be consummated. Under the LOI, the parties have agreed to determine the purchase price and payment method in the definitive agreement to be negotiated following the completion of the relevant due diligence. The LOI will automatically terminate if the transaction is not completed by October 31, 2026.

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