(SeaPRwire) – SHOUGUANG, China, May 29, 2026 — Gulf Resources, Inc. (Nasdaq: GURE) (“Gulf Resources,” “we,” or the “Company”), a prominent Chinese manufacturer of bromine and crude salt, announced today that it received a delinquency notification letter (the “Notice”) from the Listing Qualification Staff (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”) on May 26, 2026. This notice was issued due to the Company’s non-compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”), stemming from its failure to timely submit its quarterly report on Form 10-Q for the period ended March 31, 2026 (the “Form 10-Q”). The Listing Rule mandates that all listed companies promptly file their required periodic financial reports with the Securities and Exchange Commission.
This Notice does not have an immediate impact on the listing status of the Company’s securities on Nasdaq.
As previously disclosed in a press release issued by the Company on April 27, 2026, Gulf Resources received a delinquency notification letter on April 23, 2026, for non-compliance with the Listing Rule due to its failure to timely file its Annual Report on Form 10-K (the “Form 10-K”) for the period ended December 31, 2025 (the “Initial Delinquent Filing”). As of the date of this press release, the Company remains delinquent in filing its Annual Report on Form 10-K. The Company is required to submit a plan to regain compliance for these outstanding reports no later than June 22, 2026. If Nasdaq accepts the Company’s plan, it may grant the Company an extension of up to 180 calendar days from the due date of the Initial Delinquent Filing, or until October 12, 2026, to achieve compliance. Should Nasdaq not accept the Company’s plan, the Company will have the option to appeal that decision to a Nasdaq Hearings Panel.
The Company is actively working to complete both its Form 10-K and Form 10-Q.
This announcement is made in accordance with Nasdaq Listing Rule 5810(b), which requires the prompt disclosure of receiving a notification of deficiency.
About Gulf Resources, Inc.
Gulf Resources, Inc. operates through three wholly-owned subsidiaries: Shouguang City Haoyuan Chemical Company Limited (“SCHC”), Daying County Haoyuan Chemical Company Limited (“DCHC”), and Shouguang Hengde Salt Industry Co. Ltd. (“SHSI”). The Company believes it is one of China’s largest producers of bromine. Elemental Bromine is utilized in the manufacturing of a wide array of compounds for industrial and agricultural applications. Through SHSI, the Company markets crude salt. DCHC was established to further explore and develop natural gas and brine resources (including bromine and crude salt) within China. For additional information, please visit www.gulfresourcesinc.com.
Forward-Looking Statements
This press release contains forward-looking statements regarding our future expectations, anticipations, intentions, beliefs, or strategies. These forward-looking statements are based on assumptions made as of the date of this release and are subject to known and unknown risks and uncertainties that could cause actual results, conditions, and events to differ materially from those projected. Therefore, undue reliance should not be placed on forward-looking statements. Examples of forward-looking statements include, among others, statements concerning plans related to the timing and impact of the Reverse Stock Split; our strategic plans and value; our expectations regarding potential commercial opportunities; and our strategies, positioning, and outlook for future events or performance. Important factors that could lead to actual results differing materially from those in the forward-looking statements are detailed in our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q, as well as in our other reports filed with the Securities and Exchange Commission, particularly under the caption “Risk Factors.” Any forward-looking statement in this release is valid only as of the date of this release. We assume no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise.
CONTACT: Gulf Resources, Inc. Web: http://www.gulfresourcesinc.com Director of Investor Relations Helen Xu beishengrong@vip.163.com
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