Gulf Resources receives extension from Nasdaq to regain compliance

Gulf Resources had received a letter from NASDAQ granting the Company an extension until October 14, 2024 to regain compliance with NASDAQ’s listing rules. As previously disclosed, on April 18, 2024 and May 21, 2024, the Company received letters from NASDAQ indicating that that it did not comply with NASDAQ’s filing requirements because it had not filed its Form 10-K for the period ended December 31, 2023 and Form 10-Q for the period ended March 31, 2024. The Company and its current auditor GGF CPA LIMITED have been working diligently to complete the 2023 year-end audit, the 10-K, as well the 10-Qs for both the first and the second quarters of 2024. Gulf Resources has submitted the materials to NASDAQ, detailing the steps to be taken and the progress being made to regain compliance. Based on NASDAQ’s further review and the materials submitted by the Company, NASDAQ has granted the Company an extension until October 14, 2024 to file the Delinquent Reports, as required by the Rule.