Gulf Resources Inc（GURE）資訊與事件GUREGulf Resources Inc

Gulf Resources Regains Nasdaq Compliance

Gulf Resources announced that it received a letter from Nasdaq stating that the company had regained compliance with the periodic filing requirement for Nasdaq under Listing Rule 5250. Consequently, the staff has determined that the company complies with the rule.

Gulf Resources Receives Nasdaq Non-Compliance Notice

Gulf Resources announced that it received a notice from Nasdaq regarding the company's non-compliance with Nasdaq Listing Rule 5250 as a result of its failure to timely file its quarterly report on Form 10-Q for the quarter ended June 30. The listing rule requires listed companies to timely file all required periodic financial reports with the SEC.

Gulf Resources Signs Strategic Cooperation Agreement with Brazilian Company

Gulf Resources announced its international expansion plan and Strategic Cooperation Agreement with a Brazilian company, Montes Verdes Participacoes, entered into on August 20. Montes Verdes is a Brazilian mining company specializing in the exploration of gold, manganese, lithium, bromine and rare-earth minerals, as well as vegetable seed breeding and fertilizer. Montes Verdes has extensive resources. Gulf Resources has technology and experience extracting and producing these resources. Under the strategic agreement, the two companies will establish a joint venture company to integrate their respective industrial resources, technological strengths, market channels and operating capabilities to build a scalable international business. Through this in-depth strategic cooperation, the parties intend to optimize Gulf's industrial footprint, broaden overseas profit channels, strengthen Gulf's core competitiveness, and steadily improve market capitalization and overall profitability. The bromine and lithium resources in the mining areas held by Monte Verdes will provide a solid foundation and broad scope for in-depth strategic cooperation. In the agreement, Montes Verdes guarantees that 2027 sales revenue consolidated into the Gulf listed-company system shall be no less than $180M. In addition, it guarantees annual sales growth of no less than 20% in each of the following five years. If the 2027 target is achieved and profitability is at or above industry levels, additional shares of Gulf may be issued based on the average price-to-earnings ratio for the relevant year.