Gulf Resources subsidiary buys 5.14M sq m of crude salt fields for ~RMB 280M; Nasdaq extends filing deadline to Oct 14

GULF RESOURCES, INC.

Total purchase price of ~RMB 280.8M (RMB 54-55.70/sq m) for five salt field acquisitions from various sellers.
80% cash payable at signing; remaining 20% in Gulf Resources common stock within 3 months post-inspection.
Transfer term from June 29, 2024 to June 28, 2044 (20 years).
Nasdaq grants exception to file delinquent Form 10-K and 10-Q by Oct 14, 2024; failure may lead to delisting.

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