Dec 9 (Reuters) - Taoping:

* TAOPING SIGNS NON-BINDING LETTER OF INTENT TO ACQUIRE

YUNTI;

TRANSFORMATIONAL ACQUISITION WOULD SUBSTANTIALLY IMPROVE

TAOPING'S ANNUAL REVENUE, EXPAND ITS ADDRESSABLE MARKET, AND

LEVERAGE ITS CURRENT PORTFOLIO

* TAOPING INC: YUNTI'S SHAREHOLDERS TO TRANSFER THEIR

OWNERSHIP

IN EXCHANGE FOR NEWLY ISSUED ORDINARY SHAREHOLDERS OF CO

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