---
schema_version: "secwatch.filing_event.v1"
accession: "0001193805-24-001508"
form_type: "8-K"
ticker: "GURE"
cik: "0000885462"
company_name: "GULF RESOURCES, INC."
filed_at: "2024-12-19T23:59:59+00:00"
generated_at: "2026-05-29T01:52:58.223425+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193805-24-001508
- form_type: 8-K
- ticker: GURE
- cik: 0000885462
- company_name: GULF RESOURCES, INC.
- filed_at: 2024-12-19T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885462/000119380524001508/0001193805-24-001508-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885462/000119380524001508/e664098_8k-gulfresources.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193805-24-001508
- JSON: https://secwatch.observer/filing/0001193805-24-001508.json
- Plain text: https://secwatch.observer/filing/0001193805-24-001508.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.