Company: GURE
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001193805-25-001627
Chunk: 50

Company: GULF RESOURCES, INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 1
Chunk 50
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 2025 (the
“Effective Time”). When the Reverse Stock Split became effective, every ten (10) shares of the Company’s issued and
outstanding Common Stock immediately prior to the Effective Time automatically be reclassified into one (1) share of Common Stock, without
any change in the par value per share. The Reverse Stock Split reduced the number of issued and outstanding shares of Common stock from
approximately 13.3 million to approximately 1.3 million. The Reverse Stock Split did not change the total number of authorized shares
of Common Stock.

No fractional shares were issued as a result of the
Reverse Stock Split. Stockholders who otherwise be entitled to receive a fractional share in connection with the Reverse Stock Split received
one full share of the post-reverse stock split Common Stock in lieu of such fractional share.

Commencing on October 27, 2025, trading of the Company’s
Common Stock continues The Nasdaq Capital Market on a Reverse Stock Split-adjusted basis. The new CUSIP number for the Company’s
Common Stock following the Reverse Stock Split is 40251W507.

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.

16 

Item 2. Management’s Discussion and Analysis of Financial
Condition and Results of Operations

Cautionary Note Regarding Forward-Looking Statements

The discussion below contains “forward-looking
statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section
21E of the Exchange Act.  We have used words such as “believes,” “intends,” “anticipates,”
“expects” and similar expressions to identify forward-looking statements. These statements are based on information currently
available to us and are subject to a number of risks and uncertainties that may cause our actual results of operations, financial condition,
cash flows, performance,