GULF RESOURCES, INC. — fact timeline

GULF RESOURCES, INC. reported that prior financial statements should not be relied upon.

“The Prior Filings should no longer be relied upon because of errors identified in such financial statements”

GULF RESOURCES, INC. received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).

“May 26, 2026, Gulf Resources (the “Company”) received a notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”), indicating that, as a result of not having timely filed its quarterly report on Form 10-Q for the quarter ended March 31, 2026 (the “Form 10-Q”), and the Company remains delinquent in filing its annual report on Form 10-K for the year ended December 31, 2025 (the “Initial Delinquent Filing”), the Company is in non-compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing all required periodic financial reports wit”

GULF RESOURCES, INC. received a nasdaq noncompliance notice notice regarding late filing (rules 5250(c)(1)).

“the year ended December 31, 2025 (the “Form 10-K”), the Company is in non-compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing all required periodic financial reports with the Securities Exchange”

GULF RESOURCES, INC. issued 60,000 shares of common stock of common stock to a Private Placement Purchaser for aggregate purchase price of US$246,000.

“Pursuant to the agreement dated March 28, 2026, the Company agreed to sell and issue 60,000 shares of common stock to a Private Placement Purchaser for an aggregate purchase price of US$246,000.”

GULF RESOURCES, INC. issued 70,000 shares of common stock of common stock to a Private Placement Purchaser for aggregate purchase price of US$275,800.

“Pursuant to the agreement dated March 19, 2026, the Company agreed to sell and issue 70,000 shares of common stock to a Private Placement Purchaser for an aggregate purchase price of US$275,800.”

GULF RESOURCES, INC. issued 75,000 shares of common stock of common stock to a Private Placement Purchaser for aggregate purchase price of US$267,750.

“Pursuant to the agreement dated March 5, 2026, the Company agreed to sell and issue 75,000 shares of common stock to a Private Placement Purchaser for an aggregate purchase price of US$267,750.”

GULF RESOURCES, INC. issued 69,000 shares of common stock of common stock to four individual investors for aggregate purchase price of US$246,330.

“to the agreement dated January 26, the Company agreed to sell and issue 69,000 shares of common stock to a Private Placement Purchaser for an aggregate purchase price of US$246,330. Pursuant to the agreement dated March 5, 2026, the Company agreed to sell and issue 75,000 shares of common stock to a Private Placement Purchaser for an aggregate purchase”

GULF RESOURCES, INC. entered into Private Placement Agreement with four individual investors valued at US$246,330 (effective 2026-01-26).

“on January 26, 2026, March 5, 2026, March 19, 2026 and March 28, 2026, respectively, the Company entered into equity financing agreements (individually the “Private Placement Agreement”; collectively the “Private Placement Agreements”), with four individual investors”

GULF RESOURCES, INC. received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2)).

“November 4, 2025, the Company received a delist determination letter from the staff (the “Staff”) of the Listing Qualifications Department of The Nasdaq Stock Market, LLC (“Nasdaq”) advising the Company that the Staff had determined that the Company did not regain compliance with Listing Rule 5550(a)(2) by the November 3, 2025 deadline. The Staff had determined that the Company’s securities will be scheduled for delisting from The Nasdaq Capital Market on November 11, 2025. As a result of effecting the Reverse Stock Split (as defined below) and timely filing the Appeal (as defined below), the”

GULF RESOURCES, INC. issued every 10 shares of common stock.

“As a result of the Reverse Stock Split, every 10 shares of the Company’s pre-split common stock issued and outstanding will be automatically reclassified into one new share of the Company’s common stock.”

GULF RESOURCES, INC.: Reverse stock split of common stock at 1-for-10 ratio via amendment to Articles of Incorporation (effective 2025-10-27).

“On October 10, 2025, pursuant to the authority granted by the Company's stockholders, the Board effectuated and approved a one-for-ten (1:10) reverse stock split ratio (the "Reverse Stock Split") of the Common Stock. The Reverse Stock Split will become effective at 12:01 am Eastern Time on October 27, 2025 (the "Effective Time").”

GULF RESOURCES, INC. received a nasdaq extension granted notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A), 5810(c)(3)(A)(ii), 5450(a)(1)).

“l Select Market tier to The Nasdaq Capital Market tier, and that the Staff granted the Company’s request for a second 180-calendar day period, or until November 3, 2025 (the “ Second Compliance Period ”), to regain compliance with the $1.00 bid price requirement, as set forth in Nasdaq Listing Rule 5550(a)(2). To regain compliance with such minimum price requirement, the Company must evidence a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days. The transfer of the listing of the Common Shares from The Nasdaq Global Select Market to The Nasdaq Capital M”

GULF RESOURCES, INC. completed an acquisition involving Shouguang Qingshuibo Farm Co., LTD. and Shouguang city Yangkou Town Dingjia Zhuangzi Village Stock Economic Cooperative, Shouguang city Yangkou town Renjia Zhuangzi village stock economic cooperative, Shouguang city Yangkou town Shanjia Zhuangzi village stock economic cooperative, Shouguang city Yan (closed 2025-02-28).

“On February 28, 2025 (the “Closing Date”), a wholly owned subsidiary of Gulf Resources, Inc. (the “Registrant” or the “Company”), Shouguang Hengde Salt Industry Co. Ltd ( “SHSI”), closed the transactions contemplated by the Acquisition Agreements (the “Agreements”) dated June 26, 2024 by and between SHSI, and Shouguang Qingshuibo Farm Co., LTD. (“Seller 1”), dated June 27, 2024 by and between SHSI and each of Shouguang city Yangkou Town Dingjia Zhuangzi Village Stock Economic Cooperative (“Seller 2”), Shouguang city Yangkou town Renjia Zhuangzi village stock economic cooperative (“Seller 3”), Shouguang city Yangkou town Shanjia Zhuangzi village stock economic cooperative (“Seller 4”), Shouguang city Yangkou town Zhengjia Zhuangzi village stock economic cooperative (“Seller 5”), respectively, as amended on December 17, 2024.”

GULF RESOURCES, INC. received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).

“April 18, 2024, Gulf Resources, Inc. (the “Company”) received a notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that due to the Company’s failure to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (the “2023 Form 10-K”), with the Securities and Exchange Commission (the “SEC”), the Company is not in compliance with Nasdaq’s continued listing requirements under Nasdaq Listing Rule 5250(c)(1) (the “Rule”), which requires the timely filing of all required periodic reports with th”

GULF RESOURCES, INC. engaged GGF CPA LIMITED as its auditor.

“On April 16, 2024, the Company engaged GGF CPA LIMITED (“GGF”) to serve as the Company’s principal independent accountant, effective on April 16, 2024.”

GULF RESOURCES, INC. dismissed WWC, P.C. Certified Public Accountants as its auditor.

“On April 16, 2024, Gulf Resources, Inc. (the “Company”) dismissed its principal independent accountant, WWC, P.C. Certified Public Accountants (“WWC”) from its engagement with the Company, which dismissal was effective on April 16, 2024.”

GULF RESOURCES, INC. shareholders approved Ratification of the Company’s Independent Auditors at the 2023-11-30 meeting.

“Stockholders ratified the appointment of WWC, P.C. Certified Public Accountants as the independent auditors of the Company for the fiscal year ended December 31, 2023, in accordance with the voting results listed below.”

GULF RESOURCES, INC. shareholders approved Election of Directors at the 2023-11-30 meeting.

“Election of Directors All of the following seven nominees were elected to the Company’s Board of Directors, in accordance with the voting results listed below, to serve for a term of one year, until the next Annual Meeting and until their successors have been duly elected and have qualified.”

GULF RESOURCES, INC. reported nine months ended September 30, 2023 results: revenue $23,173,404, net income loss of ($3,015,360), EPS ($0.29).

“the net loss per share was ($0.17*) compared to a net profit of $0.86*. Results for the 9 months Ended Sept. 30, 2023 Revenues over the 9 months declined by 51%, decreasing to $23,173,404 from $47,505,246. Specifically, bromine revenues also fell by 51% to $20,734,871 from $41,865,598. Notably, there was a 9% increase in bromine tonnes sold, reflecting the addition”

GULF RESOURCES, INC. reported three months ended September 30, 2023 results: revenue $5,865,615, net income loss of $1,775,797, EPS ($0.17).

“share. · Shareholders’ equity was $260,723,332 or $24.99* per share. Results for the Three Months Ended Sept. 30,2023 In the third quarter of 2023, revenue declined by 74% to $5,865,615 from $22,862,795. Specifically, Bromine revenues decreased by 75% to $4,908,152 from $19,845,773. The decrease in net revenues was primarily due to a 43% reduction in the volume”

GULF RESOURCES, INC. reported three months ended March 31, 2023 results: revenue $9,302,007, net income ($557,747), EPS loss of $0.05.

“today announced financial results for the three months ended March 31, 2023. · Revenues: $9,302,007, representing an increase of 4% over the same period of 2022. · The Net Loss was ($557,747) compared to a net loss of ($119,946) for the same period last year. · Earnings per share were a loss of $0.05 versus a loss of $0.01 for the same period last year.”

GULF RESOURCES, INC. reported fiscal year ended December 31, 2022 results: revenue $66,094,486, net income $10,059,450, EPS $1.00.

“During 2022, revenues increased 20% to $66,094,486.”

GULF RESOURCES, INC. reported the nine-month period ending September 30,2022 results: revenue $47,505,246, net income $12,749,228, EPS $1.22.

“For the nine-month period ending September 30,2022 · Revenues increased 39% to $47,505,246. · Income from operations increased 1085% to $16,986,668 from $1,433,742. · Net income increased 6672% to $12,749,228 from $188,271 · Earnings per share increased 6000% to $1.22 from $0.02”

GULF RESOURCES, INC. reported the three-month period ending September 30,2022 results: revenue $22,862,795, net income $8,967,380, EPS $0.86.

“For the three-month period ending September 30,2022 · Revenues increased 29% to $22,862,795 compared to the same period of 2021. · Income from operations increased 68% to $11,942,592 compared to the same period of 2021. · Profits before taxes increased 68% to $11,978,347. · Net income increased 66% to $8,967,380. · Earnings per share increased 65% to $0.86.”

GULF RESOURCES, INC. shareholders approved Ratification of the Company's Independent Auditors at the 2022-11-01 meeting.

“2. Ratification of the Company’s Independent Auditors Stockholders ratified the appointment of WWC, P.C. Certified Public Accountants as the independent auditors of the Company for the fiscal year ended December 31, 2022, in accordance with the voting results listed below. For Against Abstain Broker Non-Votes 7,699,819 209,873 6,575 -”

GULF RESOURCES, INC. shareholders approved Election of Directors at the 2022-11-01 meeting.

“All of the following seven nominees were elected to the Company’s Board of Directors, in accordance with the voting results listed below, to serve for a term of one year, until the next Annual Meeting and until their successors have been duly elected and have qualified. Nominee For Against Withheld Broker Non-Votes Ming Yang 4,696,021 - 1,333,569 1,886,677 Xiaobin Liu 5,220,991 - 808,599 1,886,677 Naihui Miao 5,344,701 - 684,889 1,886,677 Shengwei Ma 5,372,955 - 656,635 1,886,677 Yang Zou 5,220,662 - 808,928 1,886,677 Shitong Jiang 5,221,921 - 807,669 1,886,677 Tengfei Zhang 5,221,602 - 807,988 1,886,677”