Company: GURE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001193805-25-001184
Chunk: 107

Company: GULF RESOURCES, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 4
Chunk 107
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.00 bid price requirement, as
set forth in Nasdaq Listing Rule 5550(a)(2). To regain compliance with such minimum price requirement, the Company must evidence a closing
bid price of at least $1.00 per share for a minimum of 10 consecutive business days. 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.”

As previously announced, on November 5, 2024, the Staff notified the
Company that the bid price for the Common Shares had closed below $1.00 per share for 30 consecutive business days and, as a result, the
Company no longer satisfied Nasdaq Listing Rule 5450(a)(1), the minimum bid price requirement applicable to The Nasdaq Global Select Market
issuers. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company was afforded an initial 180-calendar day grace period, through May
5, 2025, to regain compliance with the minimum bid price requirement.

Issuers listed on The Nasdaq Global Select Market are not eligible
for a second 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.

The Company intends to closely monitor the closing bid price for its
Common Shares and consider all available options to timely remedy the bid price deficiency. If at any time during the Second Compliance
Period, the closing bid price of the Common Shares is at least $1.00 per share for a minimum of 10 consecutive business days, the Staff
will provide the Company with written confirmation of compliance and the matter will be closed, unless the Staff exercises its discretion
to extend this ten-day period pursuant to Nasdaq Listing Rule 5810(c)(3)(H).

The Company can give no assurance that it will regain or demonstrate
compliance during the Second Compliance Period. If