Taoping announces agreement with Government of Mengla County, Yunnan Province

Taoping (TAOP) revealed that it has entered into a non-binding strategic cooperation framework agreement with the Government of Mengla County, Yunnan Province. The agreement outlines plans for extensive collaboration in the modern agricultural industry, with the objective of boosting regional economic growth. According to the agreement, the project aims to invest in developing an agricultural planting base in Mengla County, Xishuangbanna Prefecture, Yunnan Province. Over the next three years, the partners plan to expand the base to 3,500 acres, with a total investment of RMB 200M, or $27.5M. By 2027, the project is expected to generate an annual output value of RMB 600M or $82.5M. The cooperation aims to combine the strengths of each party to establish a model for the growth of the modern agricultural sector.