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. 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.: 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 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.”