Company: GURE
Filing Date: 2025-07-25
Form Type: DEF 14A
Source: 0001193805-25-001103
Chunk: 28

Company: GULF RESOURCES, INC.
Filing Date: 2025-07-25
Form: DEF 14A
Chunk 28
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 listing on The Nasdaq Capital Market. As previously disclosed, 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.

On May 6, 2025, the Company was notified by the
Listing Qualifications Staff (the “Staff”) of Nasdaq that the Staff granted the Company’s request to transfer the listing
of its common stock, par value $0.0005 per share, from The Nasdaq Global Select Market tier to The Nasdaq Capital Market tier, and that
the Staff granted the Company’s request for a second 180-calendar day period, or until November 3, 2025 (the “Second Compliance
Period”), to regain compliance with the $1.00 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.

Given the deficiency aforementioned, the Board
believes it is in the best interests of the Company and its shareholders to effect the Reverse Split to increase the market price of the
Company’s Common Stock so that the Company is able to regain compliance with NASDAQ listing rules.

Certain Risks Associated With the