Company: GURE
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001193805-25-001627
Chunk: 91

Company: GULF RESOURCES, INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 2
Chunk 91
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180-day grace period under the Nasdaq Listing Rules. However, based upon the Company’s compliance with the various
criteria required under Nasdaq Listing Rule 5810(c)(3)(A)(ii) to obtain a second 180-day grace period applicable to issuers listed on
The Nasdaq Capital Market, the Company applied to transfer the listing of its Common Shares to The Nasdaq Capital Market. As noted above,
the Staff approved the Company’s transfer application on May 6, 2025.

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The Company has provided written notice to Nasdaq of its intention
to cure the deficiency during the Second Compliance Period by effecting a reverse stock split, if necessary.

On May 6, 2025, the
                                                                         Company was notified by the Nasdaq that the Company’s request to transfer the listing of its Common Stock, from The Nasdaq
                                                                         Global Select Market tier to The Nasdaq Capital Market tier has been granted, and that the Company was granted a second 180-calendar
                                                                         day period, or until November 3, 2025 (the “Second Compliance Period”), to regain compliance with the requisite bid
                                                                         price requirement, as set forth in Nasdaq Listing Rule 5550(a)(2). The transfer of the listing of the Common Shares from The Nasdaq
                                                                         Global Select Market to The Nasdaq Capital Market took effect with the open of business on May 8, 2025. The transfer is not expected
                                                                         to impact trading in the Common Shares, which will continue to trade on Nasdaq under the symbol “GURE.”

On November 12, 2025, the Company issued a press release providing
certain updates on its hearing scheduling process with the Nasdaq Hearings Panel. The Company has received a hearing notification letter
from Nasdaq scheduling an oral hearing for December 9, 2025. As of November 10, 2025, the Company’s common stock had maintained
the requisite closing bid price in compliance with Listing Rule 5550(a)(2). In light of the above and in accordance with the instructions
provided by the hearing notification letter, the Company has submitted a request to cancel the hearing, subject to the Company’s
Listing Analyst review and confirmation.

21 

Our current corporate structure chart is set forth in the following
diagram:

As a result of our acquisitions of SCHC and SYCI, our historical financial
statements and the information presented below reflects the accounts of SCHC, SYCI, SHSI and DCH