SHOUGUANG, China, Nov. 12, 2025 – Gulf Resources, Inc., also referred to as “Gulf Resources,” “we,” or “the Company,” issued an update today concerning its appeal against the Nasdaq Listing Qualifications Staff’s decision to delist its shares, along with information on the current trading status of its common stock.
The Company was notified by The Nasdaq Stock Market LLC on November 7, 2025, through a hearing notification letter (the “Letter”), that an oral hearing before the Nasdaq Hearings Panel was scheduled for December 9, 2025, at 9:00 a.m. Eastern Time. After the Company’s previously disclosed 1-for-10 reverse stock split, which took effect for trading on October 27, 2025, its common stock has consistently closed at or above $1.00 per share for over ten consecutive trading days, as of Monday, November 10, 2025. Given this progress, and following the directives in the Letter, the Company has asked to withdraw from the upcoming hearing, as it is confident it has met Nasdaq’s minimum bid price criterion again, pending verification by its Listing Analyst.
As announced earlier, trading of the Company’s common stock on Nasdaq ceased on November 11, 2025. The Company remains actively engaged with Nasdaq and commits to sharing information on any significant progress, including the outcome of its Listing Analyst’s review regarding the request to cancel the hearing and any subsequent actions for reinstating Nasdaq trading, should approval be granted.
Meanwhile, the Company is diligently preparing for the scheduled hearing and intends to fulfill all intermediate submission and procedural requirements established by Nasdaq.
About Gulf Resources, Inc.
Gulf Resources, Inc. conducts its operations through four fully-owned subsidiaries: Shouguang City Haoyuan Chemical Company Limited (“SCHC”), Shouguang Yuxin Chemical Industry Co., Limited (“SYCI”), Daying County Haoyuan Chemical Company Limited (“DCHC”), and Shouguang Hengde Salt Industry Co. Ltd. (“SHSI”). The Company considers itself among the largest bromine producers in China. Elemental Bromine finds application in creating a diverse range of compounds used across industrial and agricultural sectors. Via SYCI, the Company produces chemical products for various uses, such as oil and gas field exploration, papermaking chemical agents, and components for human and animal antibiotics. Through SHSI, the Company produces and distributes crude salt. DCHC was founded to further investigate and develop natural gas and brine resources (including bromine and crude salt) within China. For additional details, please visit www.gulfresourcesinc.com.
Forward-Looking Statements
This press release includes forward-looking statements pertaining to our future expectations, forecasts, intentions, convictions, or strategies. These statements are founded on assumptions made as of this date and are exposed to identified and unidentified risks and uncertainties that might cause actual outcomes, circumstances, and occurrences to vary substantially from what was predicted. Consequently, readers are cautioned against excessive reliance on such statements. Illustrative forward-looking statements encompass, but are not limited to, declarations we make concerning plans related to the timing and effect of the Reverse Stock Split; our strategic objectives and worth; our outlook on prospective commercial ventures; and our approaches, market standing, and anticipations for forthcoming events or performance. Critical factors that could lead actual results to deviate significantly from those expressed in forward-looking statements are detailed in our latest Annual Report on Form 10-K, any subsequent Quarterly Reports on Form 10-Q, and our other filings with the Securities and Exchange Commission, particularly under the heading “Risk Factors.” Any forward-looking statement within this document is valid only as of its publication date. We assume no responsibility to publicly revise any forward-looking statement, whether written or spoken, that might be issued periodically, whether due to new data, future progressions, or otherwise.
CONTACT: CONTACT: Gulf Resources, Inc. Website: http://www.gulfresourcesinc.com Investor Relations Director Helen Xu beishengrong@vip.163.com
