Taoping Inc. (NASDAQ:TAOP, the ", Company", ))))), a provider of Internet-based smart display screens, and a new-media ecosystem that enables targeted advertising and online retail, today announced the appointment of Ms. Liqiong (Iris) Yan as Chief Financial Officer and the launch of two newly-created business divisions- Digital Server Business Division and G Cloud Computing Power Business Division. The Company also announced the appointment of Mr. Zhiqiang Zhao, president of TAOP, concurrently as director of Digital Server Business Division, and the appointment of Mr. Zhixiong Huang, COO of TAOP, concurrently as director of G Cloud Computing Power Business Division. Mr. Huang will no longer serve as director of the Digital Culture Business Division. Mr. Huan Li, current Executive Associate Director of Digital Culture Business Division, is promoted to serve as director of Digital Culture Business Division.
Ms. Yan, age 44, has over ten years' experience in finance, investor relations and corporate governance. Ms. Yan served as the Company's Assistant CFO since 2018, prior to that she was the Director of Investor Relations and Secretary of the Board of TAOP since 2007. During her tenure, Ms. Yan assisted in Company's NASDAQ listing, Company's strategic acquisitions and overseas equity/debt financings, and was instrumental in strategy planning, financial management and capital strategy management. Ms. Yan is a Certified Management Accountant (CMA) licensed by the Institute of Management Accountants. Ms. Yan received a postgraduate diploma in Investment from Fudan University and a bachelor's degree in International Economics from Beijing Normal University.
The Digital Server Business Division, through research, production, sales and support functions, is dedicated to providing customers with high performance general-purpose digital servers for cloud computing and cloud storage.
The G Cloud Computing Power Business Division is dedicated to establishing global G cloud data centers, providing various industries with cloud computing power, and developing cloud service application solutions for specific industries.
Together with earlier announced Digital Culture Business Division, Blockchain and Digital Assets Business Division, and NFT Business Division, the Company is now operating with five business divisions.
"I am delighted to announce Ms. Yan's appointment as Chief Financial Officer. Ms. Yan has shown a high level of professionalism and dedication to shareholders, and strong business analytical skills over the past 14 years at TAOP. She is now ideally suited to take on the role of CFO for our global operations," said Mr. Jianghuai Lin, the Chairman and CEO of TAOP. "We believe the new structure of five business divisions will better facilitate the Company's global deployment plan and will improve management execution efficiency. As such, we reiterate our 2021 financial guidance: revenues to be in the range from $40 million to $50 million, and operating income of $8 million to $10 million, including the anticipated contributions from Taoping New Media, Render Lake and new revenue streams developed in 2021."