Gulf Resources amends salt field acquisition payments; adds cash component, caps share issuance at 19.9%

GULF RESOURCES, INC.

Five amendments replace all-stock deferred consideration with mix: ~RMB22.46M in shares at $1.50/ea and ~RMB33.69M cash by Dec 31, 2028.
Share price fixed at US$1.50 per share; exchange rate RMB7.27/USD; issuance capped at 19.9% of outstanding shares per NASDAQ rule 5635.
Remaining cash for each agreement due before December 31, 2028; shares issued within three months of written acceptance of salt fields.
Total deferred consideration across all five agreements is approximately RMB56.15M; 80% already paid at signing.
If share issuance exceeds 19.9% threshold, Gulf Resources must seek shareholder approval or adjust transaction structure.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.