Taoping Inc. announced that the Company has entered into a strategic partnership agreement with Ivy International Education Technology Co. Ltd. (“Ivy International Education”) to develop and market new learning programs for quality education. As part of the agreement, TAOP and Ivy International Education intend to form a joint venture company in China around February 2021. TAOP and Ivy International Education will own 51% and 49% equity interests in the joint venture, respectively. The joint venture plans to take the following actions in 2021: Attract high-income group with study abroad intent by taking advantage of Taoping’s new media ecosystem and established exclusive marketing spaces in residential buildings, office buildings, shopping malls, hotels, and cinemas in over 200 cities in China; Develop and promote online and offline Project-Based Learning (PBL) programs developed by Ivy International Education for quality education; Build a new online education platform by combining Taoping smart cloud platform technology and Ivy International Education’s experienced teacher team; Work together on charitable education programs.