Reverse Stock Split Declared by Gulf Resources, Inc.
Split-Adjusted Shares Anticipated to Commence Trading on October 27, 2025
SHOUGUANG, China, Oct. 22, 2025 — Gulf Resources, Inc. (Nasdaq: GURE) (referred to herein as “Gulf Resources” or the “Company”) disclosed today its intention to execute a 1-for-10 reverse stock split concerning its common stock (the “Reverse Stock Split”), which will take effect at 12:01 a.m. Eastern time on October 27, 2025. Trading of the Company’s common stock on a split-adjusted basis is projected to start when the market opens on Monday, October 27, 2025. The stock will continue to be listed on The Nasdaq Capital Market under its current symbol “GURE.” A new CUSIP number, 40251W507, will be assigned to the common stock.
The primary objective of the Reverse Stock Split is to elevate the bid price of the common stock, thereby allowing the Company to satisfy the minimum bid price criterion necessary for its ongoing listing on The Nasdaq Capital Market. Shareholders of the Company approved the reverse stock split during their annual meeting on September 9, 2025, with the Company’s Board of Directors subsequently establishing the definitive ratio.
The Company’s Board of Directors confirmed the conclusive 10-to-1 ratio on October 10, 2025. Consequently, the Reverse Stock Split will automatically reclassify every 10 shares of the Company’s common stock currently issued and outstanding into one new share of its common stock. This action will decrease the total number of outstanding shares from approximately 13.63 million to approximately 1.36 million shares. The total number of authorized common stock shares for the Company will not be altered. Shareholders who would otherwise be due a fractional share will instead have their holdings rounded up to the nearest full share. Corresponding adjustments will be applied to the exercise prices and the share count associated with the Company’s equity plans and related grants, where pertinent. The Reverse Stock Split will not impact the par value of the common stock.
The consolidation and reduction of common stock shares resulting from the Reverse Stock Split will take place automatically at its effective time, requiring no further action from the Company’s shareholders. Equiniti Trust Company, LLC, serving as the Company’s transfer agent, will also function as the exchange agent for the Reverse Stock Split. It will issue a transaction notice to stockholders of record who hold shares electronically in book-entry form, detailing their share count post-split. Shareholders whose holdings are managed by a broker, bank, or other nominee will see their positions adjusted to reflect the Reverse Stock Split, in accordance with their respective institution’s procedures, and are not anticipated to need to undertake any specific actions regarding the Reverse Stock Split.
Further particulars concerning the Reverse Stock Split are available in the Company’s definitive proxy statement for its annual shareholders’ meeting, which convened on September 9, 2025. This document was submitted to the U.S. Securities and Exchange Commission on July 25, 2025, and can be accessed at .
About Gulf Resources, Inc.
Gulf Resources, Inc. conducts its operations via 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 China’s foremost bromine producers. Elemental Bromine serves as a raw material for producing diverse compounds applied across industrial and agricultural sectors. Via SYCI, the Company produces chemical products employed in various uses, such as oil and gas field exploration, papermaking chemical agents, and components for human and animal antibiotics. Through SHSI, the Company engages in the production and sale of crude salt. DCHC was founded to advance the exploration and development of natural gas and brine resources (encompassing bromine and crude salt) within China. For additional details, please visit .
Forward-Looking Statements
This press release incorporates forward-looking statements pertaining to our future expectations, forecasts, objectives, convictions, or strategic approaches. These forward-looking statements are predicated on assumptions made as of the present date and are susceptible to identified and unidentified risks and uncertainties that could lead to actual outcomes, circumstances, and occurrences varying significantly from those projected. Consequently, undue reliance should not be placed on these forward-looking statements. Instances of forward-looking statements include, but are not limited to, declarations concerning the projected timing and effects of the Reverse Stock Split; our strategic objectives and inherent worth; our projections regarding prospective commercial ventures; and our strategies, market standing, and outlook for forthcoming events or operational results. Key elements that could cause actual results to diverge substantially from those expressed in the forward-looking statements are detailed in our latest Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q, alongside our other submissions to the Securities and Exchange Commission, particularly under the heading “Risk Factors.” Any forward-looking statement contained within this release is valid solely as of its publication date. We assume no obligation to openly revise any forward-looking statement, whether in written or oral form, that may be issued periodically, whether due to new data, future advancements, or other reasons.
CONTACT: CONTACT: Gulf Resources, Inc. Web: http://www.gulfresourcesinc.com Director of Investor Relations Helen Xu beishengrong@vip.163.com
