(SeaPRwire) – SHOUGUANG, China, April 16, 2026 — Gulf Resources (NASDAQ:GURE) announced today that it is delaying the filing of its 10-K for 2025, referencing a Form 8-K it submitted on April 14, 2026.
The delay in filing the Form 10-K is a result of accounting adjustments that the Company and its auditors are making in response to comments from the SEC on the Annual Report on Form 10-K for the year ended December 31, 2024.
Previously, the company classified its “land, buildings and salt pans” as fixed assets; however, following the SEC’s comments, the company and its auditors will now reclassify these items as long-term leases.
The company plans to amend its 2024 10-K and will include these adjustments in its forthcoming 2025 10-K.
Given that the company has appointed new Auditors and Counsel over the last two years, all involved parties are taking the necessary time to ensure the matters are properly resolved.
Mr. Xiaobin Liu, Chief Executive Officer of Gulf Resources, stated, “We are working diligently to address the SEC’s requirements. We do not, however, anticipate that these issues will materially affect our business operations. We will update our shareholders promptly upon receiving further communication from the SEC.”
Forward-Looking Statements
This press release includes forward-looking statements regarding our future expectations, intentions, beliefs, or strategies. These statements are based on current assumptions and are subject to known and unknown risks and uncertainties that may cause actual outcomes to differ significantly from those projected. Consequently, undue reliance should not be placed on these forward-looking statements. Examples include statements about the timing and effect of the Reverse Stock Split; our strategic plans and value; anticipated commercial opportunities; and our strategies and expectations for future performance. Factors that could cause actual results to differ are detailed in our most recent Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, and other reports filed with the Securities and Exchange Commission, including sections titled “Risk Factors.” Any forward-looking statement herein is made only as of this date. We disclaim any obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.
CONTACT: Contact Data CONTACT: Gulf Resources, Inc. Web: http://www.gulfresourcesinc.com Director of Investor Relations Helen Xu
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