Gulf Resource SEC Filings

Gulf Resources, Inc., through its indirect wholly owned subsidiary Shouguang City Haoyuan Chemical Company Limited, agreed to sell 100% of the equity interests in Shouguang Yuxin Chemical Industry Co., Limited to Shandong Rongyuan Pharmaceutical Co., Ltd. for aggregate consideration of RMB 21.2 million, payable in instalments through 2028, under an equity transfer agreement dated December 10, 2025.

The board of directors reviewed the agreement’s terms, including consideration, conditions and payment arrangements, and affirmed that the transaction is fair to, and in the best interests of, the company and its shareholders. The board cited the prolonged suspension of operations at the Yuxin Chemical facility, which has adversely affected performance, and believes that after the sale the company will no longer bear burdens associated with that facility and can focus resources on more profitable business segments.

Gulf Resources, Inc. reported that on December 1, 2025 it received notice from The Nasdaq Stock Market that the company has regained compliance with the minimum bid price requirement for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2). As a result, a previously scheduled hearing before a Nasdaq Hearings Panel on December 9, 2025 has been cancelled, and the company’s securities will continue to be listed and traded on Nasdaq. On December 2, 2025, the company issued a press release announcing the regained compliance, which is filed as an exhibit to this report.

Gulf Resources, Inc. (GURE) reported an insider equity award to one of its executives. On November 21, 2025, the company issued 30,000 restricted shares of common stock, par value $0.0005 per share, to COO, Secretary and Director Naihui Miao under the company’s 2025 Omnibus Equity Incentive Plan.

After this grant, Miao beneficially owns 43,812 shares of Gulf Resources’ common stock in direct ownership. The award is structured as restricted stock, meaning it is subject to conditions such as vesting or forfeiture terms set by the equity plan.

Gulf Resources, Inc. (GURE) reported an insider equity award to its Chief Financial Officer. On November 21, 2025, the company issued 30,000 restricted shares of common stock, with a par value of $0.0005 per share, to CFO Min Li under the company’s 2025 Omnibus Equity Incentive Plan.

Following this grant, Min Li beneficially owned 43,812 shares of Gulf Resources common stock in direct ownership. The transaction was reported on a Form 4 as a non-derivative acquisition of common stock, reflecting equity-based compensation rather than an open market purchase.

Gulf Resources, Inc. (GURE) reported an insider equity award on a Form 4 filing. On November 21, 2025, the company issued its chief executive officer and director, Xiaobin Liu, 30,000 restricted shares of common stock under the Company’s 2025 Omnibus Equity Incentive Plan. Following this grant, Liu beneficially owned 43,812 shares of Gulf Resources common stock in direct ownership.

Gulf Resources, Inc. filed a current report to inform investors that it has submitted its quarterly report on Form 10-Q for the quarter ended September 30, 2025 to the SEC. The company notes that the Form 10-Q was filed on November 19, 2025 and is available on the SEC’s website. The disclosure is furnished under Regulation FD, meaning it is intended to provide broad, fair access to this information without being treated as filed for certain liability purposes.

Gulf Resources’ Q3 2025 results show severe losses driven by asset write-downs despite strong revenue growth. Net revenue for the quarter rose to $9,044,581 from $2,242,365 a year earlier, and nine‑month revenue increased to $18,992,813 from $5,932,596, reflecting higher sales across its bromine, crude salt and chemical operations in China.

However, the company recorded a large impairment of long‑lived assets of $29,782,912 and a loss on disposal of long‑lived assets of $2,008,853 in the three and nine months ended September 30, 2025. These charges, together with operating costs, led to a Q3 net loss of $35,664,512 and a nine‑month net loss of $41,067,789.

At September 30, 2025, total assets were $131,907,547 and total liabilities were $24,445,851, with stockholders’ equity of $107,461,696. Current assets of $15,669,085 were below current liabilities of $17,111,071, and management discloses significant doubts about the company’s ability to continue as a going concern, citing ongoing losses, a working capital deficit and the need for additional financing and cost controls.

Gulf Resources, Inc. reported an update on its Nasdaq listing process. Nasdaq scheduled an oral hearing for December 9, 2025, but the company has asked to cancel it after its common stock maintained a closing bid price at or above $1.00 for more than ten consecutive trading days as of November 10, 2025. The cancellation request is subject to the company’s Listing Analyst review and confirmation.

While pursuing a staff determination that could cancel the hearing, Gulf Resources said it will continue preparing its submission for the December 9 hearing. The company also reminded readers that statements about regaining compliance are forward-looking and subject to risks.

Gulf Resources (GURE) reported a Nasdaq delisting determination after it did not regain compliance with Listing Rule 5550(a)(2) by November 3, 2025. Nasdaq staff scheduled the Company’s securities for delisting on November 11, 2025.

Gulf Resources filed an appeal with the Nasdaq Hearings Panel on November 7, 2025 and completed a 1-for-10 reverse stock split effective October 27, 2025. The Company expects these actions to support continued listing on the Nasdaq Capital Market under “GURE,” but cautions there is no assurance the Panel will accept its plan or that compliance will be regained.