Gulf Resources completes acquisition of crude salt fields; issues 2.06M shares as payment

GULF RESOURCES, INC.

Closed on Feb 28, 2025 via subsidiary SHSI; acquired crude salt fields in Shandong Province, China.
Issued 2,059,694 common shares at $1.50/share to five individuals designated by the sellers as consideration.
Shares issued under Regulation S exemption from registration; sellers are PRC citizens.
Acquisition agreements dated June 26-27, 2024, amended December 17, 2024, and closed on February 28, 2025.

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