Company: GURE
Filing Date: 2025-04-11
Form Type: 10-K
Source: 0001193805-25-000461
Chunk: 9

Company: GULF RESOURCES, INC.
Filing Date: 2025-04-11
Form: 10-K
Item: Item 1
Chunk 9
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 Rule as a result
of the Company’s failure to timely file its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2024 (the “First
Quarter Form 10-Q”, together with the Form 10-K, the “Delinquent Reports”). The May Notice states that the Company
had until June 17, 2024 to submit to Nasdaq a plan to regain compliance with the Rule.

On
June 26, 2024, the Company received a letter from Nasdaq indicating that, based on its further review and the plan of compliance submitted
by the Company on June 14, 2024, Nasdaq determined to grant an exception to enable the Company to regain compliance with the Listing Rule
5250(c)(1) Rule. The terms of the exception were as follows: on or before October 14, 2024, the Company must file the Delinquent Reports,
as required by the Listing Rule 5250(c)(1) Rule. In the event the Company does not satisfy the terms, Nasdaq will provide written notification
that its securities will be delisted. At that time, the Company may appeal Nasdaq’s determination to a hearings panel.

Subsequently,
on August 20, 2024, the Company received a notice (the “August Notice”) from Nasdaq indicating that, because the Company is
delinquent in filing its quarterly report on Form 10-Q for the period ended June 30, 2024 (the “Second Quarter Form 10-Q”),
the Company was not in compliance with the Rule. The August Notice also indicates that as a result of this additional delinquency, the
Company must submit an update to its original plan to regain compliance with respect to the filing requirements. The Company had until
September 4, 2024 to submit such update to Nasdaq. 

On
October 15, 2024, the Company received written notice from Nasdaq that, as a result of the Company filing the Form 10-K, the First Quarter
Form 10-Q and the Second Quarter Form 10-Q with the SEC, the Staff has determined that the Company complies with the Listing Rule 5250(c)(1)
Rule and considers the matter to be closed.

On
November 5, 2024, the Company received a notice (“Price Deficiency Letter”) from Nasdaq stating that the Company was not in
compliance with Nasdaq Listing Rule 5450