UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
For the month of May 2018
Commission File Number 001-35722
TAOPING INC.
(Translation of registrant’s name into English)
21
st
Floor, Everbright Bank Building
Zhuzilin, Futian District
Shenzhen, Guangdong, 518040
People’s Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F [X] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Note : Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
On May 25, 2018, China Information Technology, Inc. (the “Company”) held its 2018 Annual Meeting of Members (the “Annual Meeting”) at the Company’s headquarters in Shenzhen, China. Holders of the Company’s ordinary shares at the close of business on April 16, 2018 (the “Record Date”) were entitled to vote at the Annual Meeting. The shareholders voted on three proposals at the Annual Meeting as follows:
| ● | The shareholders reelected Messrs. Jianghuai Lin, Zhiqiang Zhao, Yunsen Huang, Yong Jiang and Remington C.H. Hu to the Board of Directors of the Company, each to serve until the next annual meeting of members of the Company or until such person resigns, is removed or otherwise leaves office; | |
| ● | The shareholders ratified the appointment of UHY LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2018; and | |
| ● | The shareholders approved a change of the name of the Company to “Taoping Inc.” and an amendment and restatement of the Company’s Memorandum and Articles of Association to reflect such change of name. |
On May 25, 2018, the Company filed the Amended and Restated Memorandum and Articles of Association with the Registrar of Corporate Affairs in the British Virgin Islands, pursuant to which, the Company’s name was changed to “Taoping Inc.” In connection with the name change, the trading symbol of the Company’s ordinary shares will be changed to “TAOP”. The Company anticipates that its ordinary shares will begin trading on the Nasdaq Capital Market under the Company’s new name and new trading symbol when the market opens on June 1, 2018.
A copy of the Amended and Restated Memorandum and Articles of Association as filed with the Registrar of Corporate Affairs in the British Virgin Islands is attached as Exhibit 99.1 hereto and incorporated by reference herein.
On May 29, 2018, the Company issued a press release announcing the change of company name. A copy of the press release is attached as Exhibit 99.2 hereto and incorporated by reference herein.
Exhibits
| Exhibit | Description | |
| 99.1 | Amended and Restated Memorandum and Articles of Association | |
| 99.2 | Press Release, dated May 29, 2018 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Date: May 29, 2018 | TAOPING INC. | |
| By: | /s/ Jianghuai Lin | |
| Jianghuai Lin | ||
| Chief Executive Officer | ||
EXHIBIT INDEX
| Exhibit | Description | |
| 99.1 | Amended and Restated Memorandum and Articles of Association | |
| 99.2 | Press Release, dated May 29, 2018 |
CNIT Announces Company Name Change to Taoping Inc.
SHENZHEN, China, May 29, 2018 - China Information Technology, Inc. (Nasdaq: CNIT), a leading provider of internet-based ad distribution and ad display terminal sharing systems in China, announced that it has changed its name from “China Information Technology, Inc.” to “Taoping Inc.”
The trading symbol of the company’s ordinary shares will be changed to “TAOP” with a new CUSIP number G8675V101. It is expected that the company’s ordinary shares will begin trading on the NASDAQ Capital Market under the new company name at market open on June 1, 2018.
“We are thrilled to announce our name change. This strategic branding decision comes at a natural inflection point for our brand,” said Mr. Jianghuai Lin, Chairman and CEO of CNIT, “We believe that the new company name will more accurately reflect our current business operations. Since entering the public market in 2007 we have continued to execute exceptionally on our roadmap and are excited to introduce the Taoping Inc. to Wall Street, as we have done successfully amongst our peers in the new-media industry.”
About Taoping Inc.
Taoping Inc. (formerly known as China Information Technology, Inc.) is a leading cloud-based ad terminal and service provider of digital advertising distribution network and new media resource sharing platform in the Out-of-Home advertising market of China. The Company provides the integrated end-to-end digital advertising solutions enabling customers to distribute and manage ads on the ad display terminals. Connecting cloud-based ad terminal owners, advertisers and consumers, it builds up a resource sharing “Smart IoT Terminal - Taoping Net/App – Taoping Selection” media ecosystem to ultimately achieve the mission “our technology makes advertising and branding affordable and effective for everyone.” To learn more, please visit http://www.chinacnit.com .
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Safe Harbor Statement
This press release may contain certain “forward-looking statements” relating to the business of Taoping Inc., and its subsidiaries and other consolidated entities. All statements, other than statements of historical fact included herein, are “forward-looking statements” in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminologies such as “believes”, “expects” or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company and its subsidiaries and other consolidated entities or persons acting on their behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
For further information, please contact:
Taoping Inc.
Iris Yan
Tel: +86-755-8370-4767
Email: IR@chinacnit.com
http://www.chinacnit.com
or
Dragon Gate Investment Partners LLC
Tel: +1(646)-801-2803
Email: taop@dgipl.com
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