GURE

SHOUGUANG, China, Aug. 28, 2026 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq: GURE) (“Gulf Resources”, “we”, or the “Company”), a leading manufacturer of bromine and crude salt in China, today announced that it received a notice (the “Notice”) from the Listing Qualifications Staff (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”) on August 24, 2026 regarding the Company’s non-compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) as a result of its failure to timely file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 (the “Q2 2026 Form 10-Q”). The Listing Rule requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the “SEC”). This Notice has no immediate effect on the listing of the Company’s securities on Nasdaq. The Notice states that the Staff previously granted the Company an exception until August 31, 2026, to file its delinquent Form 10-Q for the period ended March 31, 2026. In addition, the Staff has required the Company to supplement its initial plan to regain compliance with respect to the initial delinquent filing no later than August 28, 2026.. As previously disclosed in the press release distributed by the Company on April 27, 2026, the Company received a delinquency notification letter from Nasdaq on April 23, 2026 due to the Company’s non-compliance with the Listing Rule as a result of its failure to timely file its Annual Report on Form 10-K for the year ended December 31, 2025 (the “2025 Form 10-K”). On May 26, 2026, the Company received a further delinquency notification letter from Nasdaq due to its failure to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 (the “Q1 2026 Form 10-Q”). The Company filed its 2025 Form 10-K on August 17, 2026 and is no longer delinquent with respect to that filing. The Company also filed amendments to its Annual Report on Form 10-K for the year ended December 31, 2024 on July 27, 2026 and August 24, 2026, respectively. The Company has continued preparing the Q1 2026 Form 10-Q. As of the date of this press release, the Company remains delinquent in filing the Q1 2026 Form 10-Q and the Q2 2026 Form 10-Q. 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 that it is one of the largest producers of bromine in China. Elemental Bromine is used to manufacture a wide variety of compounds utilized in industry and agriculture. Through SHSI, the Company manufactures and sells crude salt. DCHC was established to further explore and develop natural gas and brine resources (including bromine and crude salt) in China. For more information, visit www.gulfresourcesinc.com. Forward-Looking Statements This press release contains forward-looking statements concerning our expectations, anticipations, intentions, beliefs, or strategies regarding the future. These forward-looking statements are based on assumptions that we have made as of the date hereof and are subject to known and unknown risks and uncertainties that could cause actual results, conditions, and events to differ materially from those anticipated. Therefore, you should not place undue reliance on forward-looking statements. Examples of forward-looking statements include, among others, statements we make regarding plans with respect 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 expectations for future events or performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q, and in our other reports filed with the Securities and Exchange Commission, including under the caption “Risk Factors.” Any forward-looking statement in this release speaks only as of the date of this release. We undertake 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: CONTACT: Gulf Resources, Inc. Web: http://www.gulfresourcesinc.com Director of Investor Relations Helen Xu [email protected]

SHOUGUANG, China, May 29, 2026 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq: GURE) (“Gulf Resources,” “we,” or the “Company”), a leading manufacturer of bromine and crude salt in China, today announced 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 due to the Company’s non-compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) as a result of the Company’s failure to timely file its quarterly report on Form 10-Q for the period ended March 31, 2026 (the “Form 10-Q”). The Listing Rule requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission. This Notice has no immediate effect on the listing of the Company’s securities on Nasdaq. As previously disclosed in the press release distributed by the Company on April 27, 2026, the Company received a delinquency notification letter on April 23, 2026 due to the Company’s non-compliance with Listing Rule as a result of the Company’s 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 must submit a plan to regain compliance with respect to these delinquent reports no later than June 22, 2026. If Nasdaq accepts the Company’s plan, then Nasdaq may grant the Company up to 180 calendar days from the due date of the Initial Delinquent Filing, or until October 12, 2026 to regain compliance. If Nasdaq does not accept the Company’s plan, then the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel. The Company is working diligently to complete its Form 10-K and Form 10-Q. This announcement is made in compliance with the Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of 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 that it is one of the largest producers of bromine in China. Elemental Bromine is used to manufacture a wide variety of compounds utilized in industry and agriculture. Through SHSI, the Company sells crude salt. DCHC was established to further explore and develop natural gas and brine resources (including bromine and crude salt) in China. For more information, visit www.gulfresourcesinc.com. Forward-Looking Statements This press release contains forward-looking statements concerning our expectations, anticipations, intentions, beliefs, or strategies regarding the future. These forward-looking statements are based on assumptions that we have made as of the date hereof and are subject to known and unknown risks and uncertainties that could cause actual results, conditions, and events to differ materially from those anticipated. Therefore, you should not place undue reliance on forward-looking statements. Examples of forward-looking statements include, among others, statements we make regarding plans with respect 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 expectations for future events or performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q, and in our other reports filed with the Securities and Exchange Commission, including under the caption “Risk Factors.” Any forward-looking statement in this release speaks only as of the date of this release. We undertake 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: CONTACT: Gulf Resources, Inc. Web: http://www.gulfresourcesinc.com Director of Investor Relations Helen Xu [email protected]

SHOUGUANG, China, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq: GURE) (“Gulf Resources,” “we,” or the “Company”), a leading manufacturer of bromine, crude salt and specialty chemical products in China today announced its unaudited financial results for the three months ended June 30, 2025. The company reported: Net Revenue increased by 250% to $8,343,785 from $2,383,169 in the previous year. Gross profits increased to $986,655 from a loss of $2,728,889. The loss from operations was $750,686 compared to a loss of $5,146,997. The net loss was $773,777 versus a net loss of $33,097,918 in the previous period. The Loss per share was $0.06 versus a loss of $3.09 in the previous period. Negative cash flow for the 6 months of 2025 was sharply reduced from $61,856,355 to $2,339,081. On a segment basis Bromine Bromine sales increased by 313% to $7,676,374 from $1,859,234. Volume increased by 152% to 1,972 tonnes from 782 tonnes. Cost of net revenue increased by 48% to $7,016,815 from $4,729,059 . Gross profit was $659,559 versus a loss of $2,869,825 in the previous period. Net loss for the quarter was $130,381 versus a net loss of $4,662,586 in the previous year. Crude Salt Crude Salt revenues increased by 27% to $667,411 from $ 523,935. Volume increased by 4% to 25,934 tonnes from 24,852 tonnes. Cost of revenue declined by 11% to $340,315 from $382,999. Gross profit increased by 132% to $327,096 from $ 140,936. Net loss for the quarter was $147,489 versus a profit of $130,024 in the previous year. Chemicals & Natural gas, neither of which was operational, combined lost $388,202 vs. a loss of $413,027 in the previous year. Updates on Current Business During the three months ended June 30, 2025, bromine pricing exhibited significant volatility. On March 31, 2025, the last day of the first quarter of 2025, the price of bromine was RMB 29,000 per tonne. By April 14, bromine had reached a price of RMB 37,500 per tonne. By May 14, the price of bromine had declined to RMB 23,100 per tonne. At the end of the second quarter, bromine was priced at RMB 24,686 per tonne. Since the end of the second quarter, bromine prices have increased consistently to RMB 29,200 per tonne on August 12. The Company anticipates that this price recovery, coupled with increasing overall demand, represents a potentially sustainable market trend. (Source: sunsirs.com) The Company has initiated development activities on the crude salt fields acquired in the prior year. These assets are expected to enhance both salt and bromine production capacity and may facilitate the reopening of manufacturing facilities #2 and #10, which remain temporarily closed. The chemicals segment operations remain suspended pending improved market conditions. Given the challenging profitability environment faced by many chemical manufacturers, management has elected to defer completion of the remaining chemical factory construction until market conditions present opportunities for sustainable profitability. Natural gas operations also remain inactive while awaiting completion of provincial planning initiatives in Sichuan Province. Given China's increasing natural gas demand, the Company continues monitoring regulatory developments and evaluating potential joint venture opportunities in this sector. Mr. Liu Xiaobin, the CEO and Chairman of Gulf Resources, stated, “We are becoming more optimistic about our business. We see signs of stabilization in the Chinese economy. Many of our competitors in bromine and crude salt have closed their factories. Demand is increasing as are prices. These conditions auger well for the third quarter and coming quarters. We should start to see benefits from the acquisition of the new salt fields.” “We continue to believe,” Mr. Liu continued, “that we will find opportunities in chemicals and natural gas. However, right now, we are focused on generating profits and free cash flow from our bromine and crude salt segments, and confident that this will occur in the near future.” About Gulf Resources, Inc. Gulf Resources, Inc. operates through four wholly-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 believes that it is one of the largest producers of bromine in China. Elemental Bromine is used to manufacture a wide variety of compounds utilized in industry and agriculture. Through SYCI, the Company manufactures chemical products utilized in a variety of applications, including oil and gas field explorations and papermaking chemical agents, and materials for human and animal antibiotics. Through SHSI, the Company manufactures and sells crude salt. DCHC was established to further explore and develop natural gas and brine resources (including bromine and crude salt) in China. For more information, visit www.gulfresourcesinc.com. Forward-Looking Statements Certain statements in this news release contain forward-looking information about Gulf Resources and its subsidiaries business and products within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. The actual results may differ materially depending on a number of risk factors including, but not limited to, the general economic and business conditions in the PRC, the risks associated with the COVID-19 pandemic outbreak, future product development and production capabilities, shipments to end customers, market acceptance of new and existing products, additional competition from existing and new competitors for bromine and other oilfield and power production chemicals, changes in technology, the ability to make future bromine asset purchases, and various other factors beyond its control. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks factors detailed in the Company's reports filed with the Securities and Exchange Commission. Gulf Resources undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release. CONTACT: [email protected]

SHOUGUANG, China, May 13, 2025 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq: GURE) ("Gulf Resources", “we,” or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China today announced its unaudited financial results for the three months ended March 31, 2025. Income Statement In the quarter ended March 31, 2025, net revenues increased to $1,604,447 from $1,307,062, an increase of 23%. Cost of Revenue was $1,594,270 versus $2,119,845, a decrease of 25%. Gross profit was $10,177 compared to a gross loss of ($812,783). Sales and Marketing expenses were $5,053, an increase of 13%. Direct labor and factory overheads incurred during plant shutdowns were $3,225,808 compared to $3,734,689, a decrease of 14%. General and administrative expenses were $1,389,523 compared to $717,456, an increase of 94%. The loss from operations was ($4,610,207) compared to a loss of ($5,269,419), an improvement of 13%. The loss before income taxes was ($4,629,500) vs ($5,262,192). In 2024, we received an income tax benefit of $1,270,060. As a result, the loss after taxes were ($4,629,500) vs. ($3,992,132). With foreign currency translation adjustments our loss was ($4,407,484) vs. ($4,385,999). The net loss per share was ($0.40) compared to ($0.37) in the previous year. Shares outstanding were 13,346,618 compared to 10,726,924. All of our facilities were closed to winter closure from December 15, 2024 to February 12, 2025. In the previous year, our factories were closed from December 25, 2023 until February 20, 2024. Cash Flow During the first three months of 2025, depreciation and amortization was $4,003,524 vs. $4,733,475. We incurred a stock base expense of $196,100. Accounts receivable increased by $1,549,443 as virtually all of our sales of bromine occurred in the month of March when bromine prices improved. Accounts payable increased to $401,190. As a result, net cash used in operations was ($1,580,128) versus ($1,330,476) in the previous year. There were no expenditures for property, plant, and equipment in either quarter. Balance Sheet As of March 31, 2025, cash was $8,523,045. Current assets were $17,636,613 and current liabilities were $15,257,857. Total assets were $165,729,939. Total liabilities were $23,145,112. Shareholders' equity was $142,584.827. Book value per share was $10.68. Segment Reporting Bromine Bromine revenues were $1,481,869 versus $1,146,197. We sold 402 tonnes of bromine in the first quarter compared to 451 in the previous year. Our utilization ratio was 11% compared to 17% in the previous year. The average selling price increased 45% to $3,684 from $2,540. Gross margins were a negative (3.5%) compared to a negative (81%) in the previous year. The extremely low utilization rate meant that overhead had to be allocated over a lower number of tonnes. Including the full allocation for factory overhead incurred during plant shutdowns and G&A expenses, our bromine business had an operating loss of ($3,370,836) versus an operating loss in the previous year of ($4,782,815). During the month of March 2025, according to data from sunsirs.com, bromine prices had a brief recovery, jumping from RMB 21,800 on March 1, 2025 to RMB 37,186 on April 10, 2025. And then subsequently dropped. The company may limit sales of bromine when it believes prices are too low. The company believes bromine prices may stabilize and increase from current levels. Crude Salt Revenues were $122,578 versus $116,671, an increase of 5%. We sold 4,733 tonnes of crude salt in the quarter versus 4,071 tonnes in the previous year. The price of crude salt declined 9.6%. Crude salt had gross profit of $61,436 compared to $69,777 in the previous year. Gross margins in crude salt were 50% compared to 60% in the previous year. Including the full allocation for factory overhead incurred during plant shutdowns and G&A expenses, our crude salt business had an operating loss of ($554,062) versus an operating loss of ($75,092) in the previous year. Chemical Products had no revenues. It’s operating loss was ($358,629) versus ($314,824). The company is continuing to review market opportunities for chemicals, including sodium-ion batteries. However, until the company sees a clear and immediate path to profitability, it will postpone the completion of the chemical factory, Natural Gas had no revenues. Its operating loss was ($44,844) compared to ($27,709). The company is continuing to explore potential opportunities with local governments in Sichuan Province that will enable us to restart our natural gas and bromine projects. Management Commentary Mr. Xiaobin Liu, the Chairman and CEO of Gulf Resources stated, “We have continued to manage through difficult times. We have made large capital expenditures for flood prevention and purchasing additional crude salt fields, so that we will be able to capitalize when demand and pricing in bromine increases. With the weakness in the Chinese RMB, imports of bromine and bromine related products will be more expensive. Many of our competitors have closed their factories, so we believe current supply is significantly lower than it was before the government closed some of the factories for pollution and environmental controls as well as for the pandemic. As the economy stabilizes, we expect our business to improve.” “We continue to explore opportunities in chemicals,” Mr. Liu added. “As with bromine, we believe there are fewer chemical factories in China and imports are more expensive. However, to date, we have not identified specific opportunities that we are confident will provide a short-term path to profitability. We are also exploring joint-venture opportunities with larger companies. Until we have found such an opportunity, we will not reorder the remaining equipment needed for our chemical factory.” “We continue to hold discussions with the local governments in Daying Province,” Mr. Liu continued, “over the development of our natural gas and brine resources in Sichuan Province. The Chinese government permits private companies to explore for natural gas. Our exploration has shown there are significant gas resources in Tianbao town. We will continue to press ahead with our attempts to establish a potential opportunity.” “These have been difficult times.” Mr. Liu stated, “We have had to make major investments in environmental and flood controls. We have also secured a large amount of crude salt fields that may enable us to secure our bromine and crude salt production as markets improve. We greatly appreciate the long-term patience of our shareholders.” GULF RESOURCES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Expressed in U.S. dollars) (UNAUDITED) Three-Month Period Ended March 31, 2025 2024 NET REVENUE $ 1,604,447 $ 1,307,062 OPERATING COSTS AND EXPENSE Cost of net revenue (1,594,270 ) (2,119,845 ) Sales and marketing expenses (5,053 ) (4,491 ) Direct labor and factory overheads incurred during plant shutdown (3,225,808 ) (3,734,689 ) General and administrative expenses (1,389,523 ) (717,456 ) TOTAL OPERATING COSTS AND EXPENSE (6,214,654 ) (6,576,481 ) LOSS FROM OPERATIONS (4,610,207 ) (5,269,419 ) OTHER INCOME (EXPENSE) Interest expense (21,722 ) (24,830 ) Interest income 2,429 36,060 Other expense — (4,003 ) LOSS BEFORE INCOME TAXES (4,629,500 ) (5,262,192 ) INCOME TAX (EXPENSE) BENEFIT — 1,270,060 NET LOSS $ (4,629,500 ) $ (3,992,132 ) COMPREHENSIVE LOSS: NET LOSS $ (4,629,500 ) $ (3,992,132 ) OTHER COMPREHENSIVE (LOSS) INCOME - Foreign currency translation adjustments 222,016 (393,867 ) TOTAL COMPREHENSIVE (LOSS) INCOME $ (4,407,484 ) $ (4,385,999 ) BASIC AND DILUTED EARNINGS (LOSS) PER SHARE: $ (0.40 ) $ (0.37 ) BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF SHARES: 11,685,431 10,726,924 GULF RESOURCES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Expressed in U.S. dollars) March 31, 2025 (Unaudited) December 31, 2024 (Audited) Current Assets Cash $ 8,523,045 $ 10,075,162 Accounts receivable, net 2,114,222 564,523 Inventories, net 455,059 315,371 Prepayments and deposits 6,393,161 6,376,656 Amount due from related parties 25,076 25,040 Other receivable 126,050 94,074 Total Current Assets 17,636,613 17,450,826 Non-Current Assets Property, plant and equipment, net 132,341,321 136,143,177 Finance lease right-of use assets 75,721 76,868 Operating lease right-of-use assets 6,050,429 6,169,855 Prepaid land leases, net of current portion 9,625,855 9,615,269 Deferred tax assets, net — — Total non-current assets 148,093,326 152,005,169 Total Assets $ 165,729,939 $ 169,455,995 Liabilities and Stockholders’ Equity Current Liabilities Accounts payable and accrued expenses $ 11,656,665 $ 14,323,458 Taxes payable-current 276,516 113,999 Advance from customer — — Amount due to related parties 2,586,422 2,584,808 Finance lease liability, current portion 239,771 217,743 Operating lease liabilities, current portion 498,483 491,850 Total Current Liabilities 15,257,857 17,731,858 Non-Current Liabilities Finance lease liability, net of current portion 1,077,412 1,075,865 Operating lease liabilities, net of current portion 6,809,843 6,941,602 Total Non-Current Liabilities 7,887,255 8,017,467 Total Liabilities $ 23,145,112 $ 25,749,325 Commitment and Loss Contingencies $ — $ — Stockholders’ Equity PREFERRED STOCK; $0.001 par value; 1,000,000 shares authorized; none outstanding $ — $ — COMMON STOCK; $0.0005 par value; 80,000,000 shares authorized; 13,632,448 and 11,012,754 shares issued; and 13,346,618 and 10,726,924 shares outstanding as of March 31, 2025 and December 31, 2024 25,934 24,623 Treasury stock; 285,830 shares as of March 31, 2025 and December 31, 2024 at cost (1,372,673 ) (1,372,673 ) Additional paid-in capital 105,167,292 101,688,262 Share to be issued — 194,700 Retained earnings unappropriated 32,729,304 37,358,804 Retained earnings appropriated 26,667,097 26,667,097 Accumulated other comprehensive income (20,632,127 ) (20,854,143 ) Total Stockholders’ Equity 142,584,827 143,706,670 Total Liabilities and Stockholders’ Equity $ 165,729,939 $ 169,455,995 GULF RESOURCES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Expressed in U.S. dollars) (UNAUDITED) Three-Month Period Ended March 31, 2025 2024 CASH FLOWS FROM OPERATING ACTIVITIES Net loss $ (4,629,500 ) $ (3,992,132 ) Adjustments to reconcile net loss to net cash (used in) provided by operating activities: Amortization on capital lease 21,722 24,830 Depreciation and amortization 4,003,524 4,733,475 Deferred tax asset — (1,270,060 ) Stock-based compensation expense 196,100 — Amortization of right-of-use asset 217,801 217,345 Changes in assets and liabilities Accounts receivable (1,549,443 ) (402,545 ) Inventories (139,285 ) (57,859 ) Prepayments and deposits (7,340 ) (44,903 ) Advance from customers — (36,222 ) Other receivables (31,987 ) (774 ) Accounts and Other payable and accrued expenses 401,190 (17,847 ) Taxes payable 162,411 (257,766 ) Lease liabilities (225,321 ) (226,018 ) Net cash used in operating activities (1,580,128 ) (1,330,476 ) CASH FLOWS FROM INVESTING ACTIVITIES Purchase of property, plant and equipment — — Net cash from investing activities — — EFFECTS OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 28,011 (131,622 ) NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (1,552,117 ) (1,462,098 ) CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 10,075,162 72,223,894 CASH AND CASH EQUIVALENTS - END OF PERIOD $ 8,523,045 $ 70,761,796 Years Ended March 31, 2025 2024 SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION Cash paid during the three-month period ended March 31, for: Paid for taxes $ 77,386 $ 481,153 Interest on finance lease obligation $ 21,722 $ 24,830 SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES About Gulf Resources, Inc. Gulf Resources, Inc. operates through four wholly-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 believes that it is one of the largest producers of bromine in China. Elemental Bromine is used to manufacture a wide variety of compounds utilized in industry and agriculture. Through SYCI, the Company manufactures chemical products utilized in a variety of applications, including oil and gas field explorations and papermaking chemical agents, and materials for human and animal antibiotics. Through SHSI, the Company manufactures and sells crude salt. DCHC was established to further explore and develop natural gas and brine resources (including bromine and crude salt) in China. For more information, visit www.gulfresourcesinc.com. Forward-Looking Statements Certain statements in this news release contain forward-looking information about Gulf Resources and its subsidiaries business and products within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. The actual results may differ materially depending on a number of risk factors including, but not limited to, the general economic and business conditions in the PRC, the risks associated with the COVID-19 pandemic outbreak, future product development and production capabilities, shipments to end customers, market acceptance of new and existing products, additional competition from existing and new competitors for bromine and other oilfield and power production chemicals, changes in technology, the ability to make future bromine asset purchases, and various other factors beyond its control. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks factors detailed in the Company's reports filed with the Securities and Exchange Commission. Gulf Resources undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release. CONTACT: CONTACT: Gulf Resources, Inc. Web: http://www.gulfresourcesinc.com Director of Investor Relations Helen Xu [email protected]